About 50% of the companies registered in Dubai are startups and employ half of the city’s workforce. The UAE government are committed to transforming the country into a new testbed for startups and entrepreneurs to innovate and extend the possibilities of emerging technologies.
A solid pitch before setting up any business in Dubai is crucial to gaining the interest of a potential investor, and running your presentation by a Dubai business advisor, with local market information goes a long way in ensuring that your presentation is airtight.
Zero taxation on businesses in Dubai free zones is just one of the many business friendly advantages to launching startups there.
Opening a corporate bank account is one of the necessary initial steps when starting a business in Dubai. However, this process doesn’t always go as smoothly as aspiring business owners would like.
The value-added tax or VAT is a fee that customers are required to pay on the products and services they purchase, that goes towards supporting and funding public services in the region.
Having an educated estimate and budget for your first year’s anticipated expenses is a necessary step to ensuring the success of your business.
During the initial process of business planning, entrepreneurs should keep tax considerations in mind.
Accounting for startups is one of the vital business functions that need equal attention to your business. Without a robust accounting framework, any business can potentially fail.
The UAE has been on a series of regulatory reforms ever since the introduction of Value-Added Tax (VAT), and the year 2020 will already mark its third year of successful implementation.
A reliable banking system is often one of the primary considerations of investors and entrepreneurs before entering a venture in a foreign land.