Tag - Business in Dubai

April 2019

RAK Launches Its 3-Year Tourism Development Strategy

Ras Al Khaimah (RAK), located on the northernmost side of the UAE is on a mission to further assert its position as the fastest growing tourism destination in the region. Therefore in December 2018, Ras Al Khaimah’s Tourism Development Authority (RAKTDA) announced a new three-year strategy which will focus on diversifying the emirate’s tourism offerings and attracted a wider segment of tourism. Destination Strategy 2019-2021 Destination Strategy 2019-2021 is built on the successes of the prior strategy launched by RAKTDA in [...]

March 2019

A few traits that all entrepreneurs should own in order to be successful

A few traits that all entrepreneurs should own in order to be successful

Business landscape in UAE is thriving. There is a real push to attract the best from all over the world and provide them a platform to go for business setup in Dubai. According to FDI Dubai, Foreign direct investment (FDI) flows rose to $4.84 billion in first half of 2018 for Dubai, up 26% year-on-year. This active investment shows confidence of global entrepreneurs in Dubai which is backed by government diversification efforts, relaxed regulations and lowered cost of doing [...]

February 2019

Dubai Tax heaven

Is Dubai TAX Heaven with zero corporate tax?

For over 30 decades, Dubai has been acting as a business hub for its surrounding regions. Europe, Africa, Russia, Asia and the Middle East have been using Dubai as the transit point for their business dealings and have placed their investments in the UAE. The prime location of Dubai, with access to both land and sea, allows different import and export routes. Furthermore, UAE has been operating businesses by designating different regions for different purposes. For example, Free zones allow [...]

Trade License vs Freelance Permit which one is a better option

Trade License Vs. Freelance Permit. Which One Is A Better Option and Why?

In our previous articles, we discussed how to start business in Dubai and for that purpose how to obtain trade license and become self-employed. However, what is the best option for you? Trade License or freelance permit? In order to make an informed decision, you may find useful few facts about trade license and freelance permit in this article which will help you in choosing the right legal structure for your business. For company formation in Dubai, you will need [...]

Introduction of VAT registration for new companies ( Not so scary)

Introduction of VAT registration for new companies (Not so scary)

Value Added Tax (VAT) is the tax that is applied to the product or service on every stage of the supply chain. This means that whenever a product or service receives further attention and detailing, value is added. Therefore, every time a value is added to the product or service, the value added tax is applied. For example, when a plain soda can has its brand name printed upon, value is added. A business which accumulates over £85,000 threshold of [...]

January 2019

Top Trends in Hospitality business in Dubai

Top Trends in Hospitality business in Dubai

The Hospitality sector in Dubai is a significant contributor to the UAE’s economy and a major employer. According to Knight Frank Report ‘UAE hospitality market 2018’ it is estimated that hospitality sector contributed over Dh150 billion to UAE GDP (4.6% of GDP) and provided almost 570,000 jobs (4.8% of total employment) in 2017. Dubai is now considered as one of the premier luxury destinations in the world, the city has carved itself a reputation for attracting wealthy tourists. Dubai International [...]

How to Import Cosmetic Products in UAE

How to Import Cosmetic Products in UAE

The UAE continues to grow its Imports & Exports capabilities, firmly positioning itself as a global logistics hub. The beauty and personal care market in the UAE has significantly expanded over the past five years and is projected to enjoy a compound annual growth rate of over 4% between 2018 and 2023, according to TechSci Research. Also Read: How Beauty & Cosmetic Industries Are Setting Trends in Dubai The personal care sector is strictly regulated in the UAE. This means that [...]

December 2018

DubaiPay Upgraded with Block chain Technology

DubaiPay Upgraded with Block chain Technology

There are many reasons behind UAE’s growth as a business hub. One of the reasons is that the UAE authorities have taken their time to make policies for company setup in Dubai. The laws govern the quality of the products and services and also the way they are produced and the effect this has on the third parties. The regulations consider everything related to the business. Once the policies are in place, incentives are provided to the businesses so [...]

New UAE Laws Mean a Big Boost for Business

New UAE Laws Mean a Big Boost for Business

You may have heard about some new laws being introduced in the UAE at the moment with respect to the “100% business ownership” and the “10-year Visa Rule”. As always, KWS Middle East aims to get this important information to you as quickly and as clearly as possible so that you can understand what impact it will be having on your current business or for your new business setup in Dubai. To this end we have summarized important details of [...]

November 2018

How to get a trade license in Dubai Instantly

How to get a trade license in Dubai Instantly

Being one of the most developed, diversified and extensive region in the entire UAE that offers plenty of business opportunities; it is no wonder Dubai attracts thousands of foreign businessmen and international investors each year for their company setup in Dubai. The government of Dubai is constantly focusing on developing the business environment to remain competitive in the world and to be the most preferred place to live, work and visit as well as a smart and sustainable city and [...]

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