Virtuzone Business Intelligence

Category: Dubai Economy

Why the UAE is the destination of choice for entrepreneurs (INFOGRAPHIC)

In our latest infographic we look at the main reasons why the UAE is the destination of choice for entrepreneurs, showing you why you should start a business here.

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100% foreign ownership

100% foreign ownership of mainland companies: What does it mean for you?

When it comes to starting a business in the UAE, local ownership restrictions is perhaps the number one issue that leaves foreign entrepreneurs scratching their heads. However, in an official announcement, shared via Twitter on May 20th this year, HH Sheikh Mohammed bin Rashid Al Maktoum declared that following a cabinet meeting, ‘we decided to allow 100% foreign ownership of companies in UAE’. Here we look at what this could mean for you and your business.

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World Environment Day

World Environment Day – good for the world, good for your company

“I’d love to save the planet but the health of my business comes first.” If that is your response to the proposition of taking sustainability seriously, you’re not alone. However, lowering your company’s carbon footprint, reducing waste and encouraging sustainable good practice among your workforce and suppliers can reap significant economic benefits. Here, we look at how.

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How the UAE tax system compares globally {INFOGRAPHIC}

In this infographic we look at how the UAE tax system compares to others from around the world.

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Past due

Debt collection in the UAE

The UAE is one of the most challenging places in the world for collecting debt, according to the 2018 Global Ranking on Debt Collection. It’s not getting any easier over time, and it’s time consuming, stressful and costly for business owners. Still, debt collection needn’t be so burdensome if you know what to look out for, and how to respond effectively when your debtor doesn’t pay on time. Here we look at the steps you need to follow to reclaim your debts.

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Four things crushing SME margins {INFOGRAPHIC}

In this infographic we look at four elements that may be ruining the profit margins of SMEs and what companies can do to avoid each one happening.

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Cost structure

The price is right – is your startup on the money when it comes to cost structure?

Pricing is everything for startups. Nowhere is the issue of pricing more important than the UAE, home of some of the most exciting and highest-stake new ventures on the planet. And some of these ventures could be hugely influential. Of the 100 startups pinpointed by the World Economic Forum to shape the fourth industrial revolution, 27 are from the UAE. There is no reason why your startup couldn’t be among them one day – if you get your pricing strategy right. But why do we say this? Why is it so important?

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Is setting up a company in the UAE as good as it sounds?

When you’re looking to set up a business – anywhere in the world – the tax environment in your chosen location has a huge bearing on your decision. And it’s a major reason why so many entrepreneurs and business owners from around the world choose to set up their business in the UAE every year. In the past, the UAE has been held up as the land of zero tax – a place to make it big in business and keep hold of all your profits. But does ‘tax free’ really tell the full story?

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So what did we learn about VAT in the UAE?

The first day of 2018 is remembered by many in the UAE for the wave of anxiety and confusion that spread across the country as Value Added Tax (VAT) launched for the first time. So three months later, as the dust settles, let’s look at what we have learned in terms of rules, regulations, pitfalls and best practices. And how this can be of use as we move to Q2.

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Offshore companies in UAE

Who are the biggest foreign investors in Dubai and how can entrepreneurs get some of the action?

Dubai retains great lustre and appeal as a foreign direct investment (FDI) location. The most recent figures show clearly that the city has strongly cemented its position among the top global destinations for FDI capital. In 2016, with investors from leading industrial countries such as the US, Canada, the UK and France all demonstrating high levels of confidence in the emirate, Dubai attracted AED 25.5bn (around USD 7bn) of foreign investment, strengthening its reputation as both a trustworthy and stable home for foreign capital and an ideal location for entrepreneurs and new ventures.

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