Dubai is an attraction among entrepreneurs all over the world. Business owners from different countries choose Dubai as a destination to establish their companies. The operating conditions of businesses in Dubai are liberal. Dubai is the hub of economic activity. Many Multinational Companies establish their businesses in Dubai. Setting up of a company in Dubai can be a rewarding business avenue. Foreign Companies have a number of options and choices. However the markets of Dubai are unpredictable. Market research and ample market intelligence are required. Understanding the initial costs is the first step to create a business plan. The tax free policies of Dubai attract many startups and expanding businesses. However, the considerable amount that goes into the issuance of new trade license should be kept in mind. The three kinds of license required in the UAE include: commercial license for all commercial activities, professional license for services and the industrial license for manufacturing and industrial activities. When planning the setting up of a company in Dubai the option of establishing it at one of Dubai’s many “Free zones” (Dubai has facilities for issuing a particular kind of license for Foreign Owned companies) can also be considered. Some of the Free zones are: Dubai Airport free zone, Dubai Auto free zone and Dubai International media production zone. The different Free zones have different norms of setup and codes for commercial activity. Another factor that needs to be considered in the visas and paperwork related to expenditures and maintenance of Human Resources (employees) of the company. Companies involved in trading activities should invest time on considerable research on the expenses involved with importing goods. Custom fees may vary in accordance with the type and means of trading activity. UAE’s laws and business norms should be thoroughly studied.
Every business owner wants to earn maximum profits from his or her business endeavour. For this reason it is necessary to have a positive image in the market, especially among your clients and business associates. Whether you like it or not appearances do matter a lot in the business world and part of the keeping up appearances is having a reputable office address. Of course, you may argue that your business is of an online nature and you don’t require an office. However, even when people buy products or services online they look for a physical address associated with the company with which they are doing business. This is the reason that you too need to have a physical address for your organization, if you want people to trust your organization as a legitimate and genuine one.
Virtual offices can serve the purpose of giving you a physical address, without you actually having to own an office space. These offices are, usually located in high profile and reputable locations, which will add to the positive image of your organization. Such a location will definitely enhance the sales and hence profits of your business. The best part about these virtual offices is that all your mails and phone calls will be answered by the staff appointed in these offices. This will add to the credibility of your organization and also help in establishing a closer relationship with your clients and business associates. This will also enhance the profitability of your business. Serviced offices have all the infrastructure and amenities necessary for an office to function efficiently. They are well furnished with ergonomic furniture that is designed keeping the comfort of the workers in mind. At the same time, modes of communication like phone, fax, internet etc. are also available. This ensures that your office staff can conduct their daily activities comfortably without having to worry about these basic necessities. The computers and other electronic devices like projectors, sound systems are also provided, which ensures that there are no hitches in case your employees or you wish to conduct a meeting or presentation.
The ready availability of all these amenities ensures that your employees are able to work in a seamless fashion. The security and maintenance of the office premises are also not your responsibility as this is taken care by the companies that provide these offices. This saves valuable human and time resources that you would otherwise have to spend on these peripheral activities. Hence it can be easily said that, serviced offices can maximize the work flow in your office, by providing all the necessities that are required for an office to run smoothly. No time, money or energy is spent in activities that are not part of your core functions. Nowadays, more and more people are opting to avoid establishing an office where people have to go every day doing their work. Instead, people are working from home and this is made possible due to the increasingly online nature of most businesses. In spite of this, people when they look at a website try to check whether the company has a legitimate physical address. A physical address provides more credibility to a business. On the other hand, without a physical address even if the business is an ethical and genuine one, people will tend to look at it with doubt. This requirement of a physical address is satisfied by virtual offices. These virtual offices provide a business address to a large number of businesses and they are usually located in prominent areas which will lend a touch of respectability to your business.
Often a lot of your time goes into managing phone calls, voice mails, etc. or you have to employ a person to do these tasks which can be quite expensive. If you hire a virtual office then all your mail, phone calls, voice mails etc will be handled by trained staff and that too at the fraction of the cost of employing a person for the job. People are becoming increasingly enterprising and many people prefer to start their own business rather than opting for jobs. This has given rise to demand for office space in large business hubs and seeing this demand many innovative people have come up with the concept of serviced offices. It is true that for a startup business it is rather difficult to set up their own office from scratch. Apart from the premises, there are many small and large things like a phone connection, internet, computers, and presentation devices etc. that are required in a fully functional office. Buying all these can prove to be a considerable investment which a new business may not be in a position to make. On the other hand all these amenities and facilities are easily available in a serviced office.
For a reasonable rent a business gets to use all the modern amenities and facilities without actually investing a large amount of money. This is the reason serviced offices in Dubai have become quite popular not only with startup businesses, but also established ones. The easy availability of such fully furnished and well equipped office space motivates more and more people to set up their offices and create companies. These people earlier would refrain from taking such a bold step due to the huge investment in an office space. For more information on Serviced offices browse myoffice.ae Dubai is the most sought after business addresses in the world, because of its liberal laws and fabulous operating conditions. Below are a few useful tips for business set up in Dubai:
• License: Just like most places in the world, any business in Dubai requires a license. Depending on the nature of the business you will have to apply for one of these three types of licenses: Commercial license, Professional license and Industrial license. • Before you start and own a business in Dubai, there are a few ownership requirements that you have to fulfill. The seven kinds of business organizations in Dubai are: • A General Partnership Company - The partnership companies are restricted to UAE nationals only. • Partnership-en-commendams • Joint venture - A contractual agreement between a foreign and a local party licensed to engage in this activity. • Public shareholding - Banking, Insurance and financial companies • Private shareholding • Limited liability - Can be formed with min of two and maximum of 50 persons • Share partnership All in all, Dubai is one of the best business destinations for setting up a company when compared to other countries. Dubai is the commercial hub and provides furnished offices to enable businesses to begin functioning at once. For the most satisfying business experience, all you have to do is log on to the internet and look for serviced offices in prestigious locations, in Dubai. |