Category: UAE Industry

What will VAT mean for companies in the UAE – and how will accountants benefit?

Following the announcement last year that the UAE will introduce VAT on the 1st of January 2018, those of us working here must prepare for a huge shift in the economic and financial landscape. As this new era quickly approaches, comprehensive planning, preparation and checking is essential to ensure a smooth transition. To help with this somewhat daunting process, we look at what VAT will mean for companies and who will be benefitting from its introduction. 

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What can we learn from Dubai’s shopping mall phenomenon?

As the fourth most visited city in the world, Dubai’s reputation as the leading leisure destination in the UAE is firmly established. Now as the city gears up to host the World Expo 2020, it is expanding its horizons and encouraging entrepreneurs to think big again. So today we’re going to look at one of Dubai’s most famous features – its malls. Yes, they’re cutting-edge retail environments, but what does their success mean for those involved in any form of business (large or small) in the emirate?

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Do you need a local partner to do business in the UAE?

There is often a lot of confusion around the different types of companies that can be set up by foreign entrepreneurs in the UAE. To the outsider looking in, you could be forgiven for thinking that it can be a complex process – particularly when it comes to the need to work with a local partner. In this article we take a closer look at the specific issue of when, in fact, a local partner is required for a UAE business, and what that means in the bigger picture. 

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Nine reasons for entrepreneurs to set up in UAE free zones

The UAE has been offering a valuable head start to entrepreneurs for many years in the form of ‘free zones’. Each of these sector-specific business areas is governed by its own regulatory authorities. These free zones were designed with the goal of diversifying the UAE economy, making the region more attractive to foreign investment and offering a wealth of benefits to those who choose to set up shop there. And they’ve certainly succeeded in this goal.

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A look at three very cool UAE home grown companies

We talk a lot about the sheer number of businesses setting up in Dubai, but what’s equally impressive is the incredible diversity of industries in which they are working. The Brookings Global Metro Monitor ranks metropolitan economies around the world and puts Dubai in an incredible fifth place in terms of “overall performance”, while the Global Innovation Index (GII) study found the UAE to be the most innovative country in the Middle East. This is all about Dubai pushing forward in technological development and encouraging public/private sector collaboration. The end result: An amazing playing field for businesses. Let’s take a look at three which have taken full advantage of the infrastructure to rise to new heights.

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A look back at four of Dubai’s most inspiring milestones

It’s no secret that Dubai long ago set its sights on becoming a major global player. The city has always aimed to be talked about in the same breath as London, New York, Paris and Tokyo – and not just in the world of business and trade but fashion, food and culture as well. It’s fair to say that the Dubai of today ranks right alongside those cities in many ways. But how did it do it so fast? A mix of great strategy, planning, marketing, infrastructure development, and more have all contributed, and in this article we take a look at four mega-projects that have all played a part in this success.

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UAE: The ultimate business launching pad for the Gulf

What’s really special about the UAE is its geographical location as the gateway to its fellow Gulf Cooperation Council (GCC) countries, including Bahrain, Kuwait, Oman, Qatar and Saudi Arabia. If accessing the most promising regional markets is key to your business plan, the UAE is a stepping stone for success — and you may be surprised to find that much of what you have learned from doing business in the UAE can be applied when working with the neighboring states as well.

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The do’s and don’ts of doing business in Dubai

As the gateway to 1.5 billion consumers in markets across the Middle East, Africa and Asia, it makes sense we should take a moment to examine some of the “do’s and don’ts” of doing business in the complex, multicultural and fast-moving environment that is Dubai.

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5 things about the UAE that excite entrepreneurs

There is no better place in the world to be an entrepreneur at this time than right here in the UAE. When it comes to business (and more and more those startups in particular), the UAE is where it’s at. And it’s not just a gut feeling of mine: according to the latest figures from the Department of Economic Development (DED), Dubai alone has seen a 13% year-on-year increase in companies registering for business licenses.

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What is happening in the solar energy space in the UAE?

While traditionally slow to embrace renewables – due to its abundant oil reserves – the UAE is taking serious steps in transitioning from having the world’s largest environmental footprint just five years ago to leading the global shift towards solar power.

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