Category: Mainland Company

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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Five reasons to switch your company to the UAE mainland

Easy setup, no tax guaranteed, 100% ownership. Proven draws for the UAE free zones. Why, then, do so many entrepreneurs each year swap the safety of a free zone for speculation on the mainland? Simply put, it’s a logical progression of many a successful business. Free zone companies form an ideal starting point for UAE business. They offer the chance for fresh entrepreneurs to establish their ventures in a unique and distinct landscape, and to learn its nuances. Diversification – vital for efficiently continuing growth – and relocation are, however, restricted. We look at five reasons, then, to hop the fence: to graduate from the free zone and secure the continued expansion of your best ventures in the deeply profitable mainland.

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Preparation is everything – is your startup ready to meet an angel investor?

Angel investors are a great way to secure early financing for your business, giving you the financial jump-start you need to reach the final stages of development and market entry. But many new business owners are at a loss with what to expect from investors. In a survey of experts in the Middle East and North Africa (MENA) region, 31% said that entrepreneurs didn’t understand what investors were looking for, and 30% said that entrepreneurs in the region didn’t know how to pitch their ideas effectively. As a startup owner, how confident are you in your ability to attract angel investment? Do you know what angels are looking for, and how to secure funding from them? 

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Startup and beyond – evolving your business venture into an SME

There are few better places to start a business venture than the UAE. But once a businessperson has established their enterprise here, what next? One path is to take the next step and start looking to turn your startup into a small or medium-sized enterprise (SME). It may feel like a big leap of faith, but it’s a logical way to push your venture forward, increase sales, and secure your business’s future. In this article we look at some of the facts surrounding startups and small businesses in the Emirates.

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The best of both worlds: Own a UAE company and run it from your home country

Entrepreneurs across the world are attracted to setting up and running their businesses in the UAE – even those who prefer not to relocate to the Gulf. In its Vision 2021 strategy whitepaper, the UAE stated its desire for foreign direct investment to grow to 5% of GNP. So with favourable terms, processes and ever-evolving business frameworks, the UAE is an ideal place to start up. Want to be a part of it? Here’s how you can get in on the action remotely, without the disruption and stress of relocating.

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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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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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