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Showing posts from August, 2016

Legal Business Structures in Dubai

These structures are applicable to new businesses set up within Dubai, excluding all free zones The Department of Economic Development lays down acceptable legal structures for companies based in Dubai. The rules and regulations for each of these vary accordingly and the categorisation is based on the ownership of the firm. If you are a foreign national, you may want to go for a free zone license if you want 100 per cent ownership of your business. 1. Sole Proprietorship A sole proprietorship firm is a legal entity owned and operated by a single individual. He/she will be in complete control of operations and profits, while being 100 per cent liable for debts or any other financial obligations. Things to know 1. A commercial or industrial type sole proprietorship can be owned only by UAE nationals or GCC nationals. 2. The owner of a consultancy type of sole proprietorship should have a scientific qualification for the activity selected. 3. A sole proprietorship firm can have o...

Repost: How to Start a Small Business in Dubai

As one of the fastest growing economies in the world, Dubai is the perfect place for expats looking to advance in their careers . The unparalleled opportunity to expand one’s horizons coupled with the potential to earn well is what draws most expats to Dubai in search of greener pastures. The establishment of small businesses is the key to Dubai’s future growth and although licensing and registration is complex and requires a substantial amount of start-up capital, Dubai offers business people an operating environment that is amongst the most liberal and attractive in the Middle East region. So how does one go about turning a good business idea into a productive, viable business? Before jumping in to launch your business, we recommend looking at three major components that will affect the profitability of your startup. Know your business The success of a great business venture depends on sound knowledge of the local region, thorough research into the viability and demand for your...

Things to Look for in a Virtual Office

So you’ve finally decided to start your own business. As a new company, you probably want to minimize your overhead cost as much as possible. You’ve found out about virtual offices and decided to take the plunge and take advantage of it. Virtual Office Solutions For those who need an impressive space to meet your clients, their virtual offices won’t let you down. These modern space solutions allow entrepreneurs to reduce the cost of production, and utilize a prestigious address and location to optimize networking. Virtual offices have their dedicated telephone number, address and fax number. You will be provided the right support to improve your company’s performance. Companies like Austria Business Center, offer tailor-made virtual offices to compliment your business and impress your clients. Things to Look For It’s not enough to just have a room in the place. It should reflect the values and be working philosophies of your company. Your virtual office is an extension of ...

Cut Down Office Overhead Cost with Virtual Office Space

Being a new small business owner, there are a number of crucial decisions to make when starting your company. This includes choosing between a virtual office and a physical store. For most entrepreneurs, they choose the former. Just because it offers them freedom. Offices for Rent Dubai If you have decided to rent a property in Dubai, there are some things you have to bear in mind before signing the papers, especially if you’re a foreign investor. You have to do your research on fees and contracts, not to mention that it can be very expensive. On the other hand, if you go for a virtual office, you just have to set your requirements and let your provider do the rest. You could be ready to work by tomorrow. Virtual offices allow entrepreneurs to add a layer of professional image at a cheaper price. Choose Virtual Offices A virtual office allows you to have a professional business address located at a well-known corporate building, without having to rent there. What’s more, you will...

Serviced Offices in Dubai – Creating Great First Impressions

There are numerous reasons to set up a business in Dubai. It's not only a global trading hub but also an ultimate investment destination. In Dubai, businesses and entrepreneurs are provided with unique opportunities to succeed in the fast-growing market. There's a way to conduct your business in the Emirate without having to lease on space for years. The solution - serviced offices. Virtual Offices in the UAE To boost a company's performance, it needs a professional working environment with the right support. However, renting your own office in a well-known building, as well as hiring your own staff can be very expensive, especially if you plan to conduct business transactions in different parts of the world. Thus, business owners are directing their attention towards virtual offices. It's a cost-effective way to have a professional business address & dedicated telephone number. You're just paying for a fraction of what you would actually pay to rent a...

What to Look for in Meeting and Board Rooms?

Businesses require board rooms and meeting rooms for conducting important discussions with people who direct the company, or important clients. However, it’s not enough to just have a room in the place. It should reflect the values and be working philosophies of your company. If you’re going to use it to meet with important prospects, show them that the room is an extension of your brand. The design should be professional to convey authority and credibility. This way, clients and any outside parties that may visit can instill confidence in your business. Qualities of Conference Rooms In finding the right facility, the first thing you need to do is determine your needs and then look for the venue that fills those needs the best. It should be an appropriate facility to invite your guests into. Here are some of the qualities to consider for your conference room. The size of the space. Imagine inviting a group of important clients only to find out that the room won’t be abl...

Setting up Your Business in Dubai – Sponsoring

Dubai has transformed itself from a local trading community into one of the most successful cities in the world. It has become an attractive destination for both tourists and businesses. Thanks to its appeal in terms of investment incentives, the number of expatriate residents has reached the 2 million mark. Dubai remains the best place to flex your entrepreneurial muscles, set up a company, or open an offshore branch. Last year's Brookings Global MetroMonitor survey ranked the emirate as the fifth-highest-performing metropolitan economy in the world, based on growth in GDP per capita and employment rates. Starting Your Business in Dubai UAE's visionary government has always had pro-investment and pro-business policies and has encouraged foreign investment. However, if you're planning to register a new business in Dubai, expect some legal and bureaucratic hurdles along the way. For start-up entrepreneurs, having a local sponsor/agent is a legal Dubai Economic Dep...

Global eServices – Your Virtual Solutions

Today, businesses have all the options to work when they want and where they want. Global eServices allow entrepreneurs to reduce the cost of production, and utilize a prestigious address and location to optimize networking. Entrepreneurs don’t have to sign a lease for an office space, or get a mortgage. Sometimes, a prestigious business address in the right place and a local contact number can make all the difference. Global eServices /Virtual Offices With our global eservices/ virtual offices, you can have a professional business address located at a well-known corporate building, without having to rent there. You’re just paying for a fraction of what you would actually pay to rent a physical location. Austrian Business Centers global eservices/ virtual offices can give you the freedom to choose how you wish to work. Setting up your company can even be done over the phone. What’s more, business owners will be provided with the following services: A prime, physical business add...