Virtuzone Business Intelligence

Category: Startups

Which of the UAE’s 49 free zones is the one for you?

The first free zone was launched In the UAE in 1985 and has provided a powerful tool for entrepreneurs to launch all manner of companies. As of summer 2018, there are 49 free zones established in the UAE. So, if you’re considering using a free zone as a vehicle for launching your company, it’s worth getting to know the main free zones in the country and what sets them apart. Here, we look at 10 of the most popular free zones in the country.

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What support can you expect for your startup from Dubai government agencies?

One of the reasons the UAE is so popular for new businesses is because of the promotion and support of startups by both government agencies and other forward-thinking companies. The initiatives on display showcase a desire to encourage business talent to invest in the region and support them in those all-important first years of operation. Here are some examples of the support and opportunities that have been available to startups and how you might be able to benefit.

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Unicorn sighting? What you can learn from the UAE’s billion-dollar frontrunners

Uber. Airbnb. Dropbox. They’re household names – unicorns – all valued at over USD 1bn. But what about the Middle East’s rapidly growing digital disruptors such as Propertyfinder, Wadi and Namshi? These Dubai-based unicorns-in-waiting are attracting huge amounts of investment, underlining the UAE’s status as one of the best places in the world to hatch a technology business. So, what are these UAE startups doing that attracts investors like bees to honey? More importantly, what can you do to follow suit?

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The latest UAE visa changes and how they might impact the economy

During the course of May and June 2018, the UAE Federal Government announced a series of substantial changes to the UAE’s visa system, relaxing certain restrictions and making it easier for individuals and businesses to settle and operate in the country. With many of the reforms set to benefit entrepreneurs and the business community directly, we look at what some of the major policy changes might mean for the UAE’s economy when they take effect in Q4 2018.

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Does size really matter? The ups and downs of owning a microbusiness in the UAE

Does size really matter? The ups and downs of owning a microbusiness in the UAE

The dream of business growth is often seen as a desirable progression as part of an entrepreneur’s long-term business plan. But some business owners prefer to keep their business small because they see far greater benefits in running very small ventures. So, is there any good reason not to grow your business if you can acknowledge and mitigate the disadvantages of growth? Here we identify and discuss a few of the key points.

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Confused about sponsoring your dependants? Here’s everything you need to know

Confused about sponsoring your dependants? Here’s everything you need to know

Residents of the UAE benefit from a high standard of living and quality of life, and, as an expatriate, the benefits of living in the UAE can extend to your family too. If you’re employed by a business in the UAE, your employer will most likely assist with the process of applying for visas for your dependants. If you are a business owner, however, then you need to make your own application to sponsor your dependants for their visas. But don’t worry, the process is incredibly straightforward – particularly when setting up in a free zone.

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5 benefits of setting up a branch office of your company in the UAE

5 benefits of setting up a branch office of your company in the UAE

The UAE’s authorities aim to make it as easy as possible for foreign companies to start a business in the country. This is the guiding idea behind the wide range of options available in the UAE’s free zones, offshore companies and mainland businesses. If you are interested in the UAE market but aren’t necessarily ready to take the plunge and launch a fully-fledged company there, opening a branch office might just be the way to go. There are several different branch office structures, but they all allow a foreign company to establish a presence in the UAE while retaining complete ownership of the business from abroad. This makes them an appealing option for companies that want to ‘test the waters’.

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How to set up a mobile app company in the UAE

How to set up a mobile app company in the UAE

Here in the UAE, the app market is even more inviting. Why? Because the Emirates boasts the highest rate of smartphone penetration anywhere in the world. Perhaps unsurprisingly given the country’s tech- and business-savvy population, some 82% of the nation’s estimated 9.5m residents owns a smartphone. The UAE also leads the way in app downloads in the MENA region with over 50% of smartphone users having downloaded more than five apps. The huge popularity of smartphones, and their accompanying apps, has not gone unnoticed in the region. August sees the arrival of the HostApp Summit in the UAE. The summit – the region’s largest mobile application exhibition and conference – will showcase the latest developments and opportunities in the world of mobile applications.

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What rules are in place for choosing your company name in the UAE?

Your company’s name is a powerful thing. By choosing a title which resonates with your customers, you develop a memorable brand, meaning people are more likely to choose your offering. However, as in most countries, the UAE does not allow you to name your company anything you want. While the restrictions are relatively relaxed and there’s a certain amount of common sense in what names you cannot choose, it’s sensible to get acquainted with the rules before you invest time and energy into naming your business. Here we outline all you need to know to get started.

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Dubai is boosting startups and SMEs – are you capitalising?

Dubai is boosting startups and SMEs – are you capitalising?

It’s good to know that the UAE government continues in its determined push to make it as easy as possible for entrepreneurs to start and grow an enterprise. Proof of this proactivity is in the avalanche of new initiatives aimed at cutting red tape and fostering growth. In fact, the city’s Department of Economic Development (DED) has gone into overdrive to help entrepreneurs start and grow their ventures. There’s a wealth of information out there, so to help out, I’ve pulled together the latest and most exciting entrepreneur-friendly initiatives from the Dubai DED, and summarised how they can help catalyse your business activities in the UAE.

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