Blog

May 2020

Eight Reasons to Start a Finance Business in Dubai

Dubai, often dubbed as the commercial hub of the Middle East, has earned this title by careful planning and taking the necessary steps to achieve its vision of 2005. That was laid out in 1985 and outlined the plan to diversify its economy to a non-oil-dependent one from an economy that was heavily dependent on its oil sector. Nowadays, Dubai competes with major global financial centers in the world like New York, London, Hong Kong, and Singapore. In the second [...]

Advantages of Setting Up a Gold Business in Dubai

Dubai has rightfully earned the title of the City Of Gold in the world. Gold trading is one of the most lucrative businesses in Dubai. The Gold industry adds around 20% to the total GDP of the UAE, where Dubai already contributes the lion’s share. The bustling gold sector incorporates more than 4,000 businesses, and countless professionals are directly engaged in multiple trades. Several other companies and executives, including white and blue-collared workers, are indirectly involved in the commerce [...]

April 2020

Calling all Personal Trainers– Do You Know How to Establish a Gym in UAE?

With the health and fitness sector of the UAE estimated to be worth AED 3 billion by 2022, it is no wonder why fitness-related jobs in the country have seen a surge in demand in the past few years. Not only that, but the world over the fitness industry has also is gaining widespread popularity and is thriving.  According to recent estimates, the global fitness equipment market is anticipated to be valued a staggering AED 45 billion by 2021! Apart [...]

Coronavirus in UAE – Dubai Banks Roll Out Significant Relief Measures For Residents

Amid the Coronavirus outbreak in the UAE, Dubai’s government has announced a business support package for its residents. This support package is part of the relief measures that the authorities are taking in their fight against the global pandemic. The five major banks of Dubai – Emirates NBD, Dubai Islamic Bank, Mashreq Bank, Emirates Islamic, and Commercial Bank of Dubai – rolled out a multitude of relief mechanisms for their individual and corporate consumers to mitigate the effect of Coronavirus. The [...]

What is the Dubai Creative Clusters Authority – and how can you set up your Business there?

The UAE is known throughout the world for its free zones. The entrepreneurs from every corner of the world prefer to set up a business in Dubai because of the many benefits like 100% company ownership, no currency restrictions, zero corporation, income and personal tax, and 100% import and export tax exemption. Each of the forty-five plus free zones –situated in Dubai and the rest of the UAE– are explicitly designed for a particular sector. If you opt for the [...]

Coronavirus Pandemic and the UAE’s Government Role in Keeping the Country Safe?

The Coronavirus has struck the world from nowhere and has dug its claws with surprising fierceness. While we do not know for how long this worldwide crisis will last, but we must understand that this virus is deadly and brought the mighty superpowers of the world to their knees. In light of these troubling circumstances, the United Arab Emirates is doing everything in its power to keep its citizens safe from this virulent virus. So far, this is what we [...]

Unique Business Ideas in Dubai: Wacky Ways to Make Money!

Dubai is without a doubt a city that is filled with opportunities. It is the land of prosperity and affluence, which welcomes visitors from all corners of the world with open arms. For over a decade now investors both foreign and local have been visiting Dubai with hopes to make their dreams into a reality. From a thriving economy to a diverse population, from a culture that is amiable for foreigners to relaxed business setup rules, Dubai has something for everybody. Dubai [...]

UAE’S Next Artificial Intelligence leap – First Retail Robot

In recent times the UAE has evolved into one of the few countries of the world that are making giant leaps in the field of artificial intelligence. The global market value for the AI sector is currently estimated to be 15.7 billion US dollars by 2030. In the Middle East, the AI sector’s impact on the region’s economy is expected to reach a whopping 230 billion US dollars by 2030! In light of its time-honored tradition, the government of the UAE [...]

Setting up Your Business in Line with The New UAE Economic Substance Rules

Whether you are setting up as a Free Zone or an Offshore business in Dubai or anywhere else in the UAE, it needs to comply with the new Economic Substance Rules issued by the UAE government. The new rules came into effect on 30 April 2019 and it mandates that all in-scope UAE entities operating within its boundaries must meet the newly-defined requirements. The companies that do not follow these rules would be putting themselves at the risk of facing fines, [...]

What to Look for Before Forming a Service-Based Business in Fujairah

Starting a service-oriented business in Fujairah is one of the best business ideas that an entrepreneur can implement successfully. With state-of-the-art infrastructure, easily accessible seaports, and airports, your service-based venture is guaranteed to flourish. A commercial enterprise that provides work performed by an expert or a team of experts is essentially what a service-oriented business. The typical service business offers intangible products such as accounting, banking, consulting, landscaping, education, insurance, entertainment, and transportation services. That means that as a service business [...]

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