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Virtuzone Business Intelligence

Category: Startups

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Starting a business requires capital. And, unless you’ve got oodles of cash lying around, you’re going to need access to money which will support you through those first tough months until you start turning a profit.

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Running a business is exciting, but making it a success isn’t easy. While there are many reasons companies fail, perhaps the most common is because a business is struggling with its finances—and this leads to tens of thousands of companies around the world declaring bankruptcy every year. Here are five ways to turn things around if you’re in trouble.

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Agreement

Registering your company’s trademark in the UAE will protect your brand and ensure that no other company in your category can imitate your intellectual property. Around 70% of trademarks in the UAE are owned by non-residents, showing that international entrepreneurs are keen to protect their brand image. If you have decided you want to protect your business logo, letters, words, symbols, numerals, headings, signatures or any other trademark signs, read on to find out how to do it.

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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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Bridge-C

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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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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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

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

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

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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