Bringing together large corporations from around the world, and increasingly SMEs and startups, both homegrown and international, the UAE has built a reputation of an environment conducive to risk-taking. Among […]
What do I need to launch and run my startup in Dubai?
Here’s where you get yourself equipped with all of the information you need to start up a business (and make it work) in Dubai. Read on to educate yourself with all of the necessary know-how to get your business off the ground–plus, some tips and tricks to get ahead as well. Good luck!
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Dubai is the commercial capital of United Arab Emirates. This “city of gold” provides vast business opportunities and innovative commercial modules for enterprises from around the world. International exposure and […]
Setting up your own business can be complicated at the best of times. Add to that the additional complexities of setting up in a foreign country and the task can feel like a bit of a minefield.
Dubai Tourism has developed a new business-to-business (B2B) 'Attractions Marketplace' to raise the profiles of the city’s entertainment options among relevant partners, in turn helping to increase their sales and revenue potential.
Investors from across the globe will now be able to start a business in Dubai without having to be physically present in the emirate, following an agreement between Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED) in Dubai, and the US-based Alliance Business Centres Network (ABCN).
Dubai SME, the SMEs-focused agency of Dubai’s Department of Economic Development, has licensed its first incubator in Dubai following the introduction of the Incubators and Business Accelerators regulations earlier in March. Dubai SME launched operations of the Re: Urban Studio business incubator, an integrated platform providing a range of specialized business and creativity development services to designers and entrepreneurs, in the Dubai Design District (d3) area.
FinTech Hive at DIFC, a Middle East, Africa and South Asia-wide fintech accelerator is now accepting applications for its 2018 program set to commence on May 20. With this announcement, FinTech Hive kicks off an intensive search for standout fintech and insurtech innovators in the region, as the 2018 edition of the accelerator expands its scope to include insurtech as well as Islamic finance and regulatory technology solutions.
As part of its directive to support the growth of startups and SMEs in the UAE, Al Ahli Holding Group is launching Nomad, a “media and entrepreneurial hub” to foster and fund regional and international talent. The initiative comprises an incubator and accelerator model, as well as office and co-working spaces and art studios related to media, culinary arts, arts and design, gaming and tech arenas. Not just that, the program also provides access to one of the largest 3D printing facilities globally, and has an attractive offer too in the form of subsidized accommodations- a definite boost for members to live economically and focus on developing their business.
As we have entered 2018, business owners across the Emirates are bracing themselves for a big change. 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 has decided to raise tax revenue. As of the 1st of January 2018, a new 5% value added tax (VAT) was introduced in the UAE and Saudi Arabia. The same tax will be rolled out in the other four Gulf Cooperation Council (GCC) countries over the next year, following an agreement signed by all six countries in July 2017. Yet, many company owners 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. For that reason, let’s take a look at the new VAT implementation and explore how it might impact your company in the year ahead.