Category: Mainland Company

The cost of employee retention: How to stop talent walking out the door

Did you know that 40% of employers worldwide are finding it hard to fill key positions in their organisation? There’s a shortage of talent globally. In an increasingly mobile and connected world, attracting and retaining the best employees is more competitive than ever, and startups are not excluded from this. Fortunately, your business can address this issue in a cost-effective way.

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Fear factor: Four anxieties you must overcome to succeed as an entrepreneur

Many would-be business founders never take the leap into entrepreneurship, for fear of what might happen. But is fear a barrier to success or a motivator? Here we look at four common fears that haunt new entrepreneurs, how they can affect your business, and how to overcome them – or at least start thinking about them in a different way.

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Too big too soon? The fine art of managing company growth

Managing growth is about more than just the present. Considering and seizing opportunity only as it arises may work for some, but it isn’t enough for the entrepreneur who is seeking genuine, sustainable expansion for their business. Growth can contain an insidious threat that is couched deceptively within current success. The picture is repeated every year across the global business world; revenue is increasing, clients are flooding in and as suddenly as success appears, it is followed by failure. So today we talk growth: why it matters, where entrepreneurs get it wrong and how you can learn to capitalise on it safely.

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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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Why Dubai is leading in innovation – and how you can follow suit

For any company or startup – across any industry – it’s worth considering the benefits of launching in Dubai. And now is a perfect time to consider taking advantage of this world-class innovative business hub. For forward-thinking entrepreneurs, the emirate offers an ideal climate to create and grow a thriving and profitable business. So let’s explore some of the areas where you as an entrepreneur can benefit from Dubai’s world-leading approach to innovation.

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App attack – the business applications that can help your SME succeed in 2018

Is there an app that can genuinely help your small business? It’s a big question. This year marks the tenth anniversary of the ‘app’ – those handy little pieces of software that help us navigate our day-to-day needs – sometimes needs we didn’t realise we had. It’s hard to imagine life before them, but even harder to imagine the numbers involved. Last year saw 197 billion downloads around the world, a figure expected to surpass 350 billion by 2021. So how far have we come in those 10 years when it comes to business use?

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Have you got what it takes to move your business to the UAE mainland?

Many entrepreneurs establishing a business in the UAE for the first time choose the free zone option for the obvious benefits of 0% tax for the first 15 years, 100% ownership of the business, and no foreign exchange controls. And there are numerous fantastic free zones in the UAE offering plenty of opportunities for foreign businesses. However, a mainland business might just be a great next step for those entrepreneurs hoping to scale up their business fast. If that’s a move you’re considering, here’s our guide to making the successful transition from free zone to mainland.

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Startups are not forever – understanding what your business is, and what it isn’t

In an enterprise hotbed like the UAE, where new businesses are launching all the time, the term startup can be misleading. Because while all startups are new businesses, not all new businesses are startups. This may seem pedantic but there are some essential differences between starting up a small business and launching a startup, and when it comes to defining your business, it helps to know what they are. Aside from the level of risk and growth potential, there are some practical differences that will affect the way you go about launching a startup as opposed to starting a small business. We look into these differences in more detail.

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VAT in the UAE – how will the new tax rules affect your business?

Historically the UAE has operated one of the simplest taxation systems in the world. But in order to reduce its reliance on oil-generated revenue, and to invest more in the economy’s infrastructure, the government is looking to raise tax revenue. As of January 1st 2018, a new 5% value added tax (VAT) was introduced in the UAE and Saudi Arabia. Yet many company owners here in the UAE are still recovering from what has been a hasty registration process, and might not have considered yet how the new laws are going to affect them. Let’s take a look at the new VAT implementation and explore how it might impact your company in the year ahead.

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Worth the wait? Billionaires who failed before they succeeded

According to the market-leading Wealth-X billionaire census there are nearly 2,400 billionaires in the world, with combined wealth of USD 7,400bn. It’s a select club. All the billionaires in the world would fit into four Boeing 747s with room to spare. These extremely wealthy men and women make the shrewdest moves, have the best ideas and spot the savviest investments. They never seem to put a foot wrong. Or do they? The same Wealth-X report reveals that last year, while 207 new billionaires appeared, another 283 actually lost their billionaire status. In this article we look at the qualities of those who got knocked down, but got back up again.

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