Virtuzone Business Intelligence

Category: UAE Industry

Low-cost training for Dubai startups

Low-cost training for Dubai startups

Training staff is great for business. But what if you’re a cash-strapped startup? Here’s a step-by-step guide to creating a highly-trained, highly motivated workforce without spending a fortune.

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Business success

Disrupting the market: is it essential for business success?

It’s become a catch-all phrase for almost any business innovation that shakes up and challenges the dominance of incumbents in a given market: disruptive innovation. But what if your business idea is not so revolutionary? What if it’s just a service or product that fills a gap in the market? Can it succeed without setting out to be disruptive? And what can you learn from those disruptive success stories that could be of benefit to your own business?

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Why are SMEs favouring Dubai {INFOGRAPHIC}

Dubai is a hotbed for small businesses, but what makes it so popular? We look at the latest statistics to see exactly what makes this the prime choice for company formation.

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VAT in the UAE – how will the new tax rules affect your business?

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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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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UAE freezone

Intrigued by import-export? Here’s how to get started in the UAE

In 2016 alone, the UAE exported some USD 98.8bn worth of goods, with imports reaching USD 184bn in the same year. It’s perhaps unsurprising then that the trading licence is one of the most sought-after in the Emirates – with overseas entrepreneurs commonly choosing to set up in the UAE’s many free zones. Whatever route you choose to go down, there’s a few things you need to know before you get started.

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How much influence does my local sponsor really have over my UAE business?

How much influence does my local sponsor really have over my UAE business?

What’s the best thing about owning your own business? For many, being your own boss is the thing that really matters. According to one recent survey, that’s the main motivation for around two-thirds of people who start a business. But if that’s true, what happens when you come up against the local sponsorship rules that apply when you’re starting a business in the UAE? With a few exceptions, all businesses starting in the Emirates must be at least 51% owned by UAE nationals. If you’re from outside the country, before you get going you’ll need a local sponsor, who’ll effectively own at least half of your company. But if that doesn’t sound much like being your own boss, don’t panic. Let’s take a look at the influence that local sponsors really have, and what you can do if you’re still not comfortable.

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7 big reasons LLC company formation is the best onshore option in the UAE mainland

7 big reasons LLC company formation is the best

Launching new businesses is a popular activity here in the UAE. In Dubai alone, the Department of Economic Development (DED) issued a staggering 21,146 new business licences in 2016. Among these new businesses – and the 125,000+ licence renewals issued every year – the most popular company type is the tried and trusted Limited Liability Company, or LLC. So, if you’re looking to get started and still considering different ways you might set up your new business, here are seven reasons why LLC company formation is the best onshore option in the UAE mainland.

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Civil company formation in the UAE – the exclusive setup for specialists and professionals

Civil company formation in the UAE

Foreign entrepreneurs looking to set up in the UAE are faced with several options. You could opt to set up in one of the country’s many free zones, set up an LLC on the UAE mainland or form a civil company. Civil company formation in the UAE is available to qualified professionals in specialist sectors – such as doctors, accountants, lawyers, consultants and engineers. Civil companies must be established as partnerships with the business owners holding professional qualifications in their field of expertise. In this article we look at civil company formation from all angles to help you decide whether it’s the best option for you.

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Ready to fly? Why finance can give your startup wings

Ready to fly? Why finance can give your startup wings

Gaining traction for a new venture from day one is every entrepreneur’s dream. You want to appear dependable, credible and financially astute. But creating a good impression and appearing established depends as much on having effective, up-to-date equipment as it does on sound financial judgement. One way to ease the pressure on startup budgets and cash flow is by keeping hold of capital and choosing finance, or leasing, for that equipment. Leasing can kick-start a business by giving a degree of flexibility and control, allowing entrepreneurs more room for manoeuvre when new opportunities, or unexpected expenses, arise. In this article we look at why choosing finance options or leasing may help your startup succeed.

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