Category: Startups

Risk Takers In Business

Do entrepreneurs need to take risks to succeed?

‘People who take risks are more likely to succeed as entrepreneurs.’ If you’re thinking about starting your own business, you’ve probably come across this theory before. Usually while learning about the rags-to-riches backstory of your favourite entrepreneur, who, at some point, took a lot of risks which paid off. So is success just a case of daring to do something, or is it more complicated than that? Here are some tell-tale signs of entrepreneurial risk-takers.

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Big money: How to launch your UAE company targeting high net worth individuals

If your background is in industries that target high net worth individuals (HNWIs), the UAE presents a highly attractive destination for your services. Whether you provide financial management, luxury goods, healthcare or entertainment, the country’s fast-growing HNWI population means demand for your business is huge – and it’s only set to grow. Here we discuss why you should set up a company to target this sector in the UAE and how to go about it.

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How to choose the right business activity for your UAE company

When starting a new business, entrepreneurs are faced with a number of important decisions. One of the first that you’ll need to make when setting up in the UAE is choosing which business activity you are going to trade under. Essentially, this is a question of the industry you are going to trade in and the types of activities you wish to undertake. Your chosen activity will determine not only the type of business you are permitted to carry out but also, in some cases, the area in which you can set up. Here we look at everything you need to know to make this decision.

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Applying for a visa through Sharjah Media City Free Zone (Shams)

The UAE’s free zones are hugely popular with entrepreneurs from around the world. Offering a host of benefits such as 0% corporate and personal tax, 100% company ownership, 100% repatriation of capital and profits, no currency restrictions, and 100% import and export tax exemption, it’s not hard to see why. Each free zone also has its own unique set of business advantages that differentiate it from others in the region. Take Sharjah Media City Free Zone (Shams) for example. Here’s everything you need to know before you apply for a visa through Shams.

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Welcome to the world: Are you ready for your UAE company to go global?

Your business is booming, profit is increasing, your company is growing. It’s an exciting time. So is it now time to look at global markets? Here we examine the practical steps you can take to prepare for the challenges ahead.

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A step-by-step guide to securing your UAE free zone visa

There are plenty of entries on the entrepreneur’s to-do list, particularly when establishing a company overseas. One of the most pressing is the matter of visas – not just for business owners but for their employees, family members and domestic staff. Fortunately, here in the UAE, applying for visas is simple – particularly when you set up in one of the nation’s free zones. Free zone authorities or a company formation specialist can work with you on every step of the process to ensure your application is completed correctly and to help you to avoid any unnecessary delays.

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What is a free zone and why should you consider one for your company setup?

The UAE has long been an attractive destination for entrepreneurs the world over. Offering low tax, a strategic location at the heart of the world’s largest and fastest emerging markets, and a government committed to nurturing and supporting business, it’s not hard to see why. While these may be the factors that get the headlines, there’s another major reason why so many flock to the UAE’s shores to do business – free zones. But what exactly is a free zone and why should you consider it for your company setup?

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7 steps to get National Media Council approval for your UAE publication

Whether you plan to launch a new magazine or introduce an existing publication from abroad, you cannot simply open an office and start printing your UAE publication. Would-be magazine publishers first need National Media Council (NMC) approval – this is the government body which regulates media in the UAE. The process of getting NMC approval may at first appear complex – but with an understanding of how the process works in place, your licence should be signed off quickly and you can get publishing in no time.

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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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Setting up a company branch office in the UAE – the how, the why and the what

There are many good reasons to think about establishing a company branch office in the UAE – from favourable tax treatment to gaining a foot in the door of a new market. In this article we look at the different types of branch office you can set up in the Emirates, and exactly what each is permitted to do.

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