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Showing posts from June, 2019

Overview of setting up a business in the UAE

The United Arab Emirates is a very productive country to invest in. That is why there are more and more businesses from all over the globe that expand their operation in UAE especially in Dubai. Setting up business in Dubai  can be tough especially if there is not enough support in the preparation of requirements considering the legal pre-requisites needed. Added to this is the business flow in complying with these requirements which for some nationals can be too bureaucratic. Authorities that will be involved in the whole business set-up transactions are the Department of Economic Development (DED), the Dubai Courts and Ministry of Labor. It will start with the reservation for the company’s name at the DED. The company’s Memorandum of Association needs to be notarized at the Dubai Courts. Then, the application of establishment card and submission of updated salary certificates or labor contracts is made at the Ministry of Labor. Though easily read than done, the whole pr...

Business Startup: Do's and Dont's

Setting up a company in Dubai  can easily become complicated with all the requirements that you need to meet. To make things even difficult, if you are not familiar with the process of starting a business, then you might end up groping in the dark, going back and forth, just to get things done efficiently. Thankfully, here’s a guide for you. Read the do’s and don’ts that you should remember when setting up your business in Dubai. Things you should do Research the market. Determine your budget. Obtain as much information as possible before starting your business. Get familiar with Dubai’s business laws. If you’re a foreigner, make sure you get to know Dubai’s local culture. Get a local sponsor when planning to set up business in the UAE mainland. Get the right business licence. Find time to meet potential customers and business partners. Know the pros and cons of starting a business in free zones. Before you register your company in a free zone, be sure to check o...

Duties and Responsibilities of a PRO in UAE

Your company’s reputation is among the most difficult aspects of your business to build and probably, the easiest to destroy. That’s where  PRO services Dubai  comes in. The UAE is no doubt an attractive haven for many businesses. It offers a lot of business opportunities with its stable economy, accelerated infrastructure development, and a supportive government. However, to truly get the best out of the UAE and ensure your business continuously thrive, you need to consider hiring a public relations officer or PRO. If you have asked the question, “ what are PRO services ?”, then this post is for you. Here are some of the important roles and responsibilities of a PRO that you might want to know. Government representative A PRO serves as a liaison between your company and government organisations and/or authorities. It is worth noting that PROs are certified by the government. They are professionals who serve as an effective vehicle of communication between business...

Choosing Your Business Structure Guide

One of the most important aspects of setting up a company in Dubai is choosing your business entity. It does not only provide a business structure to your company, but it also directs how you will meet legal requirements. To help you choose which business entity you should use, it is vital to understand available options. By doing so, you would be able to determine effectively which one you should choose. Sole Proprietorship A sole proprietorship is a business entity that allows you to own 100% of your business. This also gives you full control over all its operations as well as its profits. If you own your business solely, this means that you would also be liable for any debt or financial duty that you may incur. Limited Liability Company A Limited Liability Company or LLC is among the most common business structures when it comes to  setting up a company in Dubai . LLCs are used if you intend to make business within the UAE mainland. However, it should be noted that...