Business Setup Cost In Dubai: A Complete Breakdown

Business Setup Cost In Dubai: A Complete Breakdown

Dubai is a vibrant business hub that attracts entrepreneurs and investors worldwide. If you are planning to set up a business in Dubai, it is essential to understand the various costs involved. In this article, we will provide a complete breakdown of the business setup costs in Dubai.

Legal fees:

The legal fees associated with setting up a business in Dubai depend on several factors, including the type of business, the location, and the legal structure. The legal fees for setting up a Dubai mainland company typically range from AED 10,000 to AED 15,000, while the fees for setting up a free zone company can range from AED 15,000 to AED 35,000.

Trade license fees:

To operate a business in Dubai, you need a trade license. The trade license fee varies depending on the business activity and the location. In Dubai mainland, the trade license fee can range from AED 5,000 to AED 20,000 per year, while in free zones; it can range from AED 8,000 to AED 25,000 per year.

Office space rental:

Renting office space is a high cost for any business. The rental cost varies depending on the location and the size of the office. In Dubai mainland, the rental cost can range from AED 40,000 to AED 100,000 per year for a small office, while in free zones; it can range from AED 20,000 to AED 60,000 per year.

Local sponsorship fees:

You will need a local sponsor if you are setting up a business in Dubai mainland. The local sponsorship fee can range from AED 10,000 to AED 15,000 per year, depending on the sponsor’s services.

Visa and immigration fees:

To work in Dubai, you need a visa, and the visa fee depends on the type of visa and the duration. For a mainland company, the visa fee can range from AED 7,000 to AED 10,000 per person, while for a free zone company; it can range from AED 3,000 to AED 6,000 per person.

Other costs:

Other costs associated with setting up a business in Dubai include registration, chamber of commerce, and accounting and auditing fees. Depending on the business activity and location, these fees can range from AED 5,000 to AED 15,000.

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Things to know about hiring the POA on time

Whether you are doing business or are working in the society in some other category, an employee, or a retiree, you will be needing a POA sooner or later. After all, how else will you be able to get a firm hold on all your belongings, personal and business, properties and money? Once that is understood, it becomes clear that at some point in time in the future, you may also need to find an adequate attorney for the job. When that happens, know that the attorney should know the dos and don’ts as well as  power of attorney in Dubai . With that much said, would you be willing to do the needful and find such an attorney when the situation demands? Well, to be precise, there is no other choice in that case which is why it becomes absolutely necessary to hire the attorney.

Doing the needful

It is equally important to know all the details of the POA you may need to have. How will that happen you might ask? Well, the attorney will explain to your things that you had little to no understanding about. On the other hand, sometimes clients don’t acquire enough information on the subject and end up engulfing into misconceptions due to lack of information on the matter. Probably the worst thing that can happen to any client is not to know anything at all about POA and hiring some unknown attorney without knowing the background. You should avoid indulging into rumors related to the matter and make sure not to believe or get influenced with the following:

They don’t work

That’s a sweeping statement and whoever made it certainly doesn’t know how things work. The problem comes when you find many believing in such rumors without even studying the matter at any stage. The worst happens when the whole matter gets screwed up badly and no one can be blamed. What will you do if such a matter occurs? Well, the best way of getting yourself out of this situation is to get in touch with those who understand the situation and can help you out of it.

Waste of time and money

Whoever believes in this absurd rumor, may have never indulged into the process of hiring an attorney have him made POA considering your requirements. In other words, the person who spread this rumor had no idea what POA was and how it works. Also, the attorneys working in this field will tell you just how gullible customers end up believing such rumors in innocence. It would be better to visit your expert power of attorney Dubai Indian consulate  to learn more on the subject and not indulge into rumors instead.

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Establishing your business in Dubai – Read this first

 

There is no denying the fact that Dubai has become one of the most popular business destinations in the world in a very short period of time. As a pioneer in encouraging foreign investors among the seven Emirates of UAE, Dubai government took a number of steps that helped the Emirate to diversify its economy by attracting international investors in many different sectors.

With unmatched facilities and highly favorable conditions for businesses, it did not take long for Dubai to become one of the most important business centers of Middle East. This is the reason that today you will find regional offices of countless international organizations in Dubai. Yes, Dubai was also one of those markets that faced huge impacts of global economic crises in year 2008. However, with quick corrective measures and sensible financial policies, Dubai successfully recovered its economy from the onsets of global recession. In addition to that by winning the bid for hosting Expo 2020 Dubai reassured its commitment and determination to provide exceptional business opportunities to foreign investors so that that can make more investments in its market successfully. This is the reason that there are more international investors interested in starting a business in Dubai today than ever before.

It truth be told, you can reap a number of benefits by opting for Dubai to expand your business in MENA region or starting a new business setup. One of the first and most important advantages of doing business in Dubai is that you will enjoy doing business in a stable economy. Dubai ranks high in the list of countries with better purchasing power which will help in the speedy growth of your business. Moreover, business friendly policies and strong political and business environment will provide you a peace of mind to operate your business smoothly. How can we forget to mention low tax rates that help businesses achieve their business goals effectively.

In case, you are interested in offshore company registration in Dubai, then you will be very glad to hear that Dubai government has established a number of industry based Free Trade Zones in the Emirate for international investors who want to expand their business in different countries. These free zones are not only duty free zones but also offer unmatched facilities and tax relaxations that you will not find in any other market of the region.

 

 

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Facebook marketing is the new trend for online businesses

Have you ever realized that online businesses are running rampant in social media networks nowadays? It has been a trend to a lot of business owners to make pages on Facebook, and Twitter accounts about their businesses to promote what they’ve got. It is their own way of making their promotion and marketing strategies to blend with the development of modern technologies and apply it to their businesses to capture people’s attention and to become known through social media with the help of a social media agency in UAE.

Business Transactions Made Easy

Social Networks have been the source of a lot of business transactions that make it easy for the business owner and the costumer to close a deal online. With just a click on a certain product that a customer needs, the business owner will entertain and close the deal. It has already been a usual thing to see pages of different kinds of business from pre-ordered to retail and even famous brands today have twitter accounts and Facebook pages because it makes it easier for people to discover what they have due to the number of people that are online everyday around the globe.

Technology’s Aid in Online Marketing

A lot of people are also into the trend of using gadgets that are produced through the improvements made in the field of technology. Many business owners are having online transactions using their mobile phones, smart phones, tablets and a lot more handheld gadgets. Without facing their personal computers in their office they can still stay connected with their clients online through technology.

Taking Care of Publicity Online

Of course if there are advantages there will always be a counterpart which is the disadvantages of using social networks. Especially in using Twitter Marketing, which is one of the most popular social networks online on which even people from Hollywood have their own personal accounts. The important thing to consider in social networks is the publicity of your product which can either be good or bad. In order to avoid bad publicity for your business you must give good products and services to your customers so that they will not have bad feedbacks from unsatisfied customers. It is best to listen to what the people are saying with the help of your chosen digital agency in Dubai, learn where is your stand in your improvements with the use of social media and to realize the strengths and weaknesses of your business and work out for them to be able to give satisfaction to your costumers. It is also better if you consider the use of social marketing as a link to the costumer help of continuous satisfactory service towards your costumers.

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5 Tips On Choosing Your Manpower Agency Partner

Getting the right person to fulfill a certain task is important for businesses. By hiring the right candidate, business owners can be sure that the task is delivered according to the industry and company standards. But scouting and looking for the right candidate is not an easy task. HR personnel and recruitment specialist are always on their toes just to ensure that the company has a steady supply of candidates in case a new position comes up or there is a vacancy that needs to be fulfilled.

The good news is, a recruitment process outsourcing can help assist human resources in the scouting and screening process. But you don’t just seal the deal on the first one that comes along. You need to be sure that your manpower agency partner can provide you with the candidates you need, when you need it.

If you are in the process of scouting a recruitment agency partner, here are some tips that might help you out:

Identify your recruitment needs

Before you go over your list of IT recruitment agencies, you need first to determine your recruitment needs. By determining your hiring requirements, it would be easier for you to select the best manpower agency to partner with. For example, if you are constantly on the look for highly specialized position, then it would be best to partner with an executive search firm that can provide you with skilled candidates based on the position you are looking for. But if you are filling vacancies for general position, a generalist recruitment firm might be the best choice.

 

Check out their reputation

 

A recruitment firm’s reputation is not just about their service delivery, but also the rate of their successful placement. The number of applicants they are able to place and deploy within a year is a clear indication of the body of work, their effectiveness on finding the right talent and candidate. Do not be afraid to ask about the rate of their successful placements and what industries they cater.

 

Know their screening process

 

As a recruitment firm, they should set the bar for screening candidates. It is okay to hire bad apples once in a while, but if this has been a constant problem, it would be best to scrap this agency from your list. Be sure that the recruitment agency that you will partner with have a rigid scouting and screening process when selecting candidates for their clients.

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Why online recruitment agencies are of great help?

The online recruitment agencies have changed the complete scenario. Gone are the days when companies use to post job offers and used to select the employees. Now, they don’t have time for all this. They invest their time in those things that need more of their attention. Kudos to the recruitment agencies for taking this burden on their shoulders! Companies now can take a sigh of relief as they don’t need to worry about screening of the potential candidates for any job.

Well this all process is so tiring and frustrating. And in the end you totally get exhaust, now because of the recruitment agencies the lives of employers are in peace now.

Due to the high demand, nowadays people are opening more and more recruitment agencies. Previously you couldn’t even think of hiring the services of a recruitment company in Abu Dhabi because the services were very expensive but due to the increased competition now you don’t have to pay the premium price but yes here you need to take one thing in count. It is possible that the recruitment company which charges you a bit higher provides you premium service.

Scenario before the birth of recruitment agencies

Before the birth of recruitment agencies, before they started springing up, it was a very difficult task. Employers used to conduct hundreds of interviews to selecting a potential candidate for the job and in return they used to miss the important things that need their attention. Well, it is not easy to multitask; the recruitment agencies have given them the ease of selecting the perfect candidates for their companies. All a person needs to do is to click on the website of any recruitment agency and there you go! You need to pay a flat fee of posting there and making an account. If you wish to receive the complete service there are multiple packages available as per your demand. The prices of services vary greatly.

Call center recruitment agencies are quite in demand nowadays. Employers now don’t have demand to do all this stuff on their own. With the online recruitment agencies all you are required to do is to easily pay a flat fee and you are done, while for specialized recruitment agencies you need to pay more because they are giving you more services. It is preferable that you opt for the complete package instead of that flat fee thing because the recruitment agencies know how to do their work and you save your time and efforts

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4 BIM Services for Facility Managers

Do you live in a condominium or apartment? Are you one of the millions of city dwellers who have to deal with a landlord or building administrator regularly? If you are, you have probably experienced talking to a disgruntled building administrator because of issues on rent, a leak in the ceiling, or another kind of complaint that he or she may also hear from your fellow unit owners or tenants.

While this may be a common scenario in most buildings, it may not be the same for building or facility administrators that use Building Information Model (BIM) software solutions. If you use a smartphone app for managing your budget, facility managers use BIM tools for the following critical services in your building.

 

Operation and Maintenance

This responsibility may be the most common but it’s also the most challenging for facility managers. It involves repair, renovation, and maintenance of mechanical, electrical, and plumbing (MEP) facilities in a building. These aspects are the most used in a building and are thus most prone to wear and tear. During your condo building’s planning stage, construction project management firms use BIM software to plan the most convenient and efficient pathways for the MEP parts. Your facility manager then carries the responsibility in operating and maintaining these important aspects.

 

Asset Management

Apart from the MEPs, assets are also a part of facility managers’ accountability. Through BIM tools, they can track the current assets and perhaps assess the need to procure additional supplies or materials depending on the residents’ needs. Monitoring is necessary for financial reporting, too, so your building administrator do care about everything that’s going on in the condo. In relation, they check the spatial requirements within the vicinity to make sure the occupants like you are still comfortable and happy.

 

Energy Utilization

This is widely applicable in buildings that are approved by the Leadership in Energy and Environmental Design (LEED) system. Green buildings have become widely popular in both residential and commercial buildings, after all. Through BIM software solutions, your building administrator can track the entire property’s usage on electricity and water. This allows him or her to manage the resources and perhaps send out reminders to everyone to conserve the building’s resources and thus cut costs.

 

Disaster Planning

Architects and engineers used virtual design construction tools like BIM to also address evacuation procedures and government requirements in case of fire or earthquake. It is then your facility manager’s job to make sure there are relevant and updated information posted on prominent or common areas around the condo. This ensures that you and your fellow tenants or unit owners know about the fire exit, the hose, and other emergency details in case of evacuation or disaster.

If you think your facility manager does not use BIM tools, perhaps now’s the time to recommend them so he can better manage your condominium.

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Tips to help you setup a new business in Dubai

You will find yourself getting lots of advice the minute you mention your desire to setup a new business. The downside to this is that a majority of it will come from people who have never run a successful business. If anything, it is best for you to refrain from overanalyzing and overthinking on these bits of advice. Given below are a few tips that will help you get started with when you setup new business in Dubai:

  1. A detailed plan is necessary

Before anything else, it is extremely important for you to develop an in-depth plan. This plan should consist of details pertaining to the ways in which you plan to tackle the challenges expected to arise with time. Any opportunities that you have identified should also be mentioned in the plan. Apart from that, it should also contain your mission, measurable goals, target audience and deadlines for every milestone. Bear in mind that although it is necessary for you to all of this planned out, make sure that your plan is flexible enough to accommodate changes in times to come.

  1. Don’t forget to network

Businesses cannot attain greater heights if they do not indulge in professional networking. To be honest, professional networking is something that you will have to conduct in the long-term. Till the time that your business is fully established, it is vital for you to work on creating your own word-of-mouth, which obviously calls for networking. To put it in simple words, you will have to be your own brand ambassador and give people reasons to get in touch with you to fulfill their business needs.

  1. You need to have the right people around you

Most people think that when they work on a Dubai offshore company formation, it is just strategic partners and mentors that they should be in sync with. If this is how you think, you’re wrong. It is equally important for you to surround yourself with an outstanding team that can help your business grow. Your staff should comprise of driven employees who are smart and talented. This is just what you need to accelerate your business’ growth and transform it into something out of this world.

 

  1. Think of the future

Refrain from focusing only on your day to day activities. For growth purposes, it is vital for you to think in the long-term and focus on the future. Focusing on and anticipating the next big thing is what will help you prevent your business from falling behind. Stay ahead of the curve if you want your business to grow exponentially.

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The Role of Information Technology in Today’s Businesses

Innovation is the key to growth. In this digital age, leveraging technology can help you achieve success for your business. If you know how to play your cards right, you can get a big, healthy portion of the market pie. One of the things that you need to focus on is investing in a robust IT system.

According to research, IT-related investments are among the factors that can help a business boost their revenue, increase their market share, and provide them with a competitive edge. Businesses rely on IT migration in Dubai and other managed services to help them with different processes.

This brings us the question, “Why is IT important in business?” Let’s look at some of the benefits of IT in business:

Efficient Facilitation of Information

Think of your IT network as your treasure-trove of data. If you don’t integrate the right system for your business, information can be chaotic – mismatched details on employee profiles, outdated business deals, inaccurate account credentials. Proper implementation of your IT system makes it easier to facilitate information, so you can have them ready anytime you need them.

Automated Processes

If you’re running a large organization, manual management of resources and processes can be tedious, not to mention a waste of effort. Through IT integration, you can do away with these tedious tasks and focus on what matters the most – running your business.

Network and Cloud Storage

We’re past the point of using old filing cabinets to store information. These not only promote clutter in your business place, but also makes it hard to locate important documents when you need them. Thanks to information technology, you can rely on network and cloud storage for filing important business documents. The best thing about this is you can access the data you need without rummaging through files after files – a click of your mouse is all you need.

Data Security

The firewall and the anti-hacking software you’ve set up can only do so much if you’re dealing with savvy hackers. Instead of taking care of data security by yourself, why not get the help of outsource IT companies? Some IT services offer data security to protect confidential information of businesses. If you don’t want hackers to get free rein of your important information, let the IT experts handle your data security needs.

Information Technology has become deeply ingrained in business that many companies invest a lot into getting these managed services. If you want to know more about IT related service, visit our website today.

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Creating and Selling Content to Online Entrepreneurs

The Digital Age has just made communication so much more efficient and fast – the requisites for successful marketing, especially online. With most businesses wanting a piece of the online marketing pie, the value of having a website or a platform can’t be underrated. If you have the skill for creating content, you can offer content creation as a business service.

Every marketer realizes at one time or another that having compelling content is powerful once they decide to bring their products or services online. Creating original content, however, could be an overwhelming task for any entrepreneur, even when they have the knack for it. This is the reason most online marketers would rather outsource it or contract a content creator/virtual assistant with an above average skill for crafting content.

The Advantages of Outsourcing Content

Many marketers have achieved success in online selling because they have utilized content marketing as a strategy. It is considered the best strategy when engaging, getting to know and building trust with their target markets. This is why it has been referred to as “King.” While marketers can create the content themselves, it can take much of their time. Having to attend to the other salient aspects of the business, it is often practical to outsource it. This is where your services can come in.

There are good reasons to outsource content. One, it gives the entrepreneur the opportunity to be more flexible with their time. Two, outsourcing allows them to contract the work rather than hire full-time content creators. Three, outsourcing is also economical because there is no need to spend on training or hiring the best professionals. Four, they need not go through the dreary experience of writing about the same topics over and over again.

The Challenges of Marketing Content

Creating high-quality content with consistency is difficult. Competition in this business runs high because fly-by-night content creators abound. These competitors can impact the rates at which you sell your services/content. As the competition escalates, you may go strong against it by coming up with exceptional content and spending more time and effort on it. If you don’t have an idea what is meant by “being your own worst enemy,” this is one fine example.

Writing about the same topic can kill your enthusiasm. Be creative. You can curate or repurpose your content. You can build a few “cornerstone content” pieces you can use to construct all forthcoming content from. Make your content more engaging by making it meaty, easy to understand, and enhanced with beautiful images and interesting videos.

Competition is healthy, prompting you to excel in content creation and taking everything in stride. While it can frustrate you at times, continue upgrading your skills and stick to what you know are the best practices. When you find the right clients, you will be valued for what you deliver. After all, you can be the precious gem that’s a rarity in the vastness of cyberspace.

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