Virtuzone Business Intelligence

Category: Startups

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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From Dubai to Cali: Startup tips that bring Silicon Valley to the Middle East

Startup tips that bring Silicon Valley to the Middle East

A growing number of entrepreneurs based in the Emirates are bridging the gap between the Middle East and California: in establishing and developing strong links with Silicon Valley to take their tech businesses to the next level. Here we look at how the UAE’s leading tech pioneers are making this leap, then examine the support available to entrepreneurs seeking to follow suit of those trailblazers who have put the UAE on the global tech map.

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Why Creative City is a great option for general trading company licenses

Why Creative City is a great option

Generally speaking, the UAE offers a very friendly environment to entrepreneurs, yet one area that can be a challenge is when businesses see an opportunity to shift their business model. In much of the UAE, a company must carry out the activities stated on its business license or apply for an expensive ‘dual license’. However, Fujairah’s Creative City free zone offers entrepreneurs the ability to combine more than one kind of business activity under the same license at no extra cost.

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How to make sense of the ‘designation’ section of your UAE visa application

Understand the ‘designation’ section of your application

The UAE has a relatively straightforward visa application process. However, one area that many expats often struggle with is the ‘designation’ (job title) section on the application form. There are literally thousands of different job titles to choose from – anything from ‘sandwich maker’ to ‘CEO’. While in many cases a title really is little more than a title, it’s important to understand designations before you send off your application. Here’s everything you need to know.

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Global business

Why the UAE is an attractive option for entrepreneurs

The UAE is one of the best places in the world to locate a startup due to its healthy economy, attractive finance options, impressive infrastructure and extensive government support. But the icing on the cake for many entrepreneurs is the exciting mix of potential clients – right on your doorstep. Here we break down why the UAE has such a strong pool of potential clients for any entrepreneur looking to set up shop here.

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