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Virtuzone Business Intelligence

Category: Business Ideas

ecommerce business in UAE

E-commerce – essentially the buying and selling of goods and services online – is a huge global business. In 2016, e-commerce sales totalled USD 1.86tr worldwide with revenues expected to reach USD 4.5tr by 2021. Here in the UAE, the market is just as lucrative. Research by Hootsuite and We Are Social in 2017 found that 62% of the country’s internet users now shop online – spending an average of USD 332 per purchase according to KMPG. In total, the UAE is the largest e-commerce marketplace in the Middle East and is estimated to be worth USD 10bn by 2018 (up from USD 2.5bn in 2015). Naturally any industry growing at this speed offers incredible opportunities to the entrepreneur with the skills and motivation to see success. In this article we cover everything you need to know about the much-lauded UAE e-commerce trading licence.

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Top 10 checklist

Entrepreneurs looking to establish a new business in the UAE have two options on location – some choose to start their company in one of the country’s free zones to take advantage of the many tax, duty and repatriation benefits. Others meanwhile opt to set up a company in the UAE mainland. So which is your best option? Well, if you are looking to trade directly with the UAE local market, undertake a broad range of business activities or take on government work then the mainland option may just be the right one for your business. In this article we go through a 10-step checklist to help you set up your company in the UAE mainland.

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Professionals

The internet is a very big place. Full of information, opportunities and… statistics. The problem is that these stats are not always relevant – and they’re not always true. Still, statistics can be thought-provoking. In this article we have drawn up a list of our favourite statistics and look at the actual lessons they can teach us – whether they raise a smile, an eyebrow or even a business case.

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Seven amazing apps for entrepreneurs

Being an entrepreneur isn’t easy. You have to wear many hats – CEO, finance, marketing, sales, admin, IT – and multitask your way through the different roles, all the while trying to grow and expand your young business. Increasingly entrepreneurs are taking to business apps to keep their companies running smoothly. With that in mind, here are seven of the best apps to help you grow.

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Gold bar

Going public and building a thriving international business is the aim of entrepreneurs the world over. From London to Tokyo, Los Angeles to Hong Kong, New York to Dubai, behind every startup is the dream of making it big with a flotation. And why not think big? Like politics, business is the art of the possible. All the great international companies started small. Why not your idea, your company?

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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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Business ideas

It may come to you while you’re working late, travelling to the office, or even when you’re struggling to sleep at 2am, but there’s no mistaking the amazing feeling that hits you when you believe you’ve just come up with a great business idea – the “game changer”, as it were. The question is, how do you know whether it’s as good as you think it is? In this article we take a closer look at what you need to do to properly analyse that business idea.

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How to choose a name for your UAE company

Brand

Naming anything is difficult: A business, a product, a child. Whatever name you come up with, there will always be an element of doubt in your mind – could you have come up with something better? But at some point you have to make a decision. First, though, you need some ideas. Where do you start? And what are some of the technical and legal considerations when it comes to UAE company names?

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Food trucks

Time for a lunch break? Or maybe it’s not even about lunch, but an entrepreneurial opportunity in the making. Because you may have noticed a change in Dubai recently: An abundance of food trucks. It’s a trend spreading throughout the UAE and the world – according to the Food and Agriculture Organisation of the United Nations, an estimated 2.5 billion people worldwide eat ‘street food’ on a daily basis.

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When many people think of Dubai, the word ‘green’ doesn’t come to mind. Yet in both public and private sectors, a huge amount of work is going on to turn the city into a more environmentally-friendly place. And given Dubai’s success at most things it sets out to achieve, you probably wouldn’t want to bet against it. What this means is that there are opportunities for green businesses, and organisations that support them, across the emirates. We’re talking about that perfect meeting point where visionary business leaders pioneer real solutions to environmental issues – essentially, turn a profit by doing the right thing.

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