The important role SMEs play in Dubai, like in other major cities, has been the subject of numerous recent studies, with the Gulf News reporting that SMEs accounted for 47% of Dubai’s GDP in 2016.
Real estate brokers should pay more attention to co-working space and serviced office operators, as the potential commissions can be considerable and deal cycles are often much shorter than conventional real estate.
Setting up a business in mainland Dubai is is not a complicated process, although you do need to make sure you have all the necessary documentation in place and understand the licensing requirements.
Research shows that many businesses lose out on new business simply because they haven’t invested in a professional front end. You only have one chance to get it right when it comes to successfully engaging a potential client.
India and the UAE have strong historic ties, and Indians make up a large percentage of the expatriate population in the country, estimated at 27.5% in 2018. Trade between the two countries is expected to surpass $100 billion in the next few years.
Around the world, companies are giving up traditional leases in favour of outsourced office solutions. These range from entire office buildings to co-working spaces that are growing in popularity as they cater to an increasingly mobile, connected workforce.
We welcome the news that the UAE Cabinet recently announced that it had approved 10-Year Residence Visas and 100% foreign ownership of companies as part of a new investment law.
You have a great idea for a business, have even spent time working on financials and future profitability, but have no idea where or how to start.