Time for a move? From lifestyle to tax – why relocating your SME makes sense

Do you ever wish you could take it easier, yet at the same time increase your wealth? Well, the answer to that might depend on where you live and where your business is domiciled. An entrepreneurial existence can exact a high toll on your personal and family life. But if the taxman in your home country takes most of what’s left after you’ve paid for your life, it’s time for a rethink. Surely there has to be something more to show for the long hours, the missed vacations and the pleasures foregone? Could relocating your business to the UAE, for example, enable you to enjoy more of what you earn?

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The importance of first impressions – how small companies can look big

In the early stages of a new venture it’s not unusual for entrepreneurs to multi-task: they can be CEO, CFO, HR manager, IT trouble-shooter, receptionist and bookkeeper all in a day’s work. But in doing so they can waste a huge amount of time on mundane tasks, time which could be better spent on business development, company strategy and attracting new talent. Although resources for direct hires can be tight in the early stages, a whole host of mundane tasks can be affordably outsourced with infinitely better results, allowing leaders to focus their time and energy on the profitable and productive business of building a new enterprise. Here we look at just five functions you can outsource to make you more efficient, and to create a stronger impression of presence, credibility and legitimacy.

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Intrigued by import-export? Here’s how to get started in the UAE

In 2016 alone, the UAE exported some USD 98.8bn worth of goods, with imports reaching USD 184bn in the same year. It’s perhaps unsurprising then that the trading licence is one of the most sought-after in the Emirates – with overseas entrepreneurs commonly choosing to set up in the UAE’s many free zones. Whatever route you choose to go down, there’s a few things you need to know before you get started.

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How a directorship service can smooth the launch of your UAE company

As of July 2015, an update to the UAE’s federal Commercial Companies Law (CCL) states that LLCs in the Emirates must be at least 51% owned by UAE nationals. That gives incoming company owners just a small handful of options: relocate, scout for a domestic partner or joint venture arrangement (and thus dilute your shareholding), or secure the services of a professional director. A professional director can help a fledgling company in the UAE to get established and increase its chances of success. In this article we look at it more in depth to help you decide whether it’s the right path for your business.

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Interns: a help or a hindrance?

Interns bring their fair share of benefits and challenges, risks and opportunities, but if you approach them as a clearly defined part of your business strategy, internships are well worth the effort. At their best they benefit both intern and employer – the intern can bring their knowledge and enthusiasm to the workplace, while you can help them develop in a way that will enhance the country’s talent pool and might well enhance your own workforce long-term as well. In this article we weigh up the pros and cons of hiring an intern to help you decide what’s best for your company.

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Ready to set up an onshore company in the UAE?

When setting up in the UAE, entrepreneurs are usually faced with two options. Some choose to set up in one of the nation’s free zones, meanwhile others opt to set up an onshore business – usually to trade with the local UAE market, something which free zone companies cannot do directly. The most common type of onshore business is the limited liability company – or LLC. Defined as an independent legal entity owned by multiple shareholders, LLCs allow foreign entrepreneurs to set up in the UAE mainland with the assistance of a local partner. So if you’re ready to do business in the UAE and looking for a straightforward and affordable way to trade from and with the mainland, then setting up an onshore business is likely your best bet. Here is everything you need to know to help you get started.

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