Education

Why shareholder’s agreements are important in UAE

  Shareholders’ Agreements Provisions Shareholders’ agreements usually include some of the following provisions: Directors and management structure within a company setup Buying/ selling provisions A shareholder’s agreement may grant titles and management roles to one or more of the stakeholders in a company being setup in the UAE i.e.  to be a director on a board, or decide the composition...

Setting payment terms for your clients

When setting payment terms for your clients, here are a few things to keep in mind:   Set a reasonable payment schedule In the Middle East, a payment contract needs to comply with the laws of the UAE, or the Dubai International Financial Centre (DIFC), if the parties opt-in to its jurisdiction. Whilst it is reportedly common for clients to push for a payment schedule with a three-to six-month...

How to create a company culture

These are all rather abstract questions, and tough to know the answers to before you actually start work, which can seem like a big risk. How do I know if I’ll succeed in a work environment I know next to nothing about?   If these are questions job seekers are thinking about, that’s a clear sign employers need to be thinking about responses if they want to attract the best applicants and build...

How do I navigate taxes in Dubai?

 As far as Dubai is concerned, the taxes owed by a business depends on the nature of its activities, geographical zone and trading partners. In UAE, it’s also important to know what kinds of tax concessions are currently being offered to foreign investors and startup founders. This can impact what kind of organisational structure and location you choose when you start a business in Dubai.   In...

Benefits of starting your business in Ramadan

However, this should not deter new entrepreneurs from opening a business in Dubai during the Holy Month. When examined closely, we see that the Ramadan routine actually brings with it certain strategic advantages for business owners. Below we examine just some of those benefits.     Ramadan offers opportunities to extend your network   For entrepreneurs who are new to Dubai and looking to...

5 Key tips to starting your company in Dubai

   Below are five things to remember when you are planning on setting up a business in Dubai:   1) Research your niche in the market:  Before starting your business in Dubai, research the market thoroughly. Study your niche and focus your business plan on how your company can tackle a pain point neglected by other businesses. Through your marketing, emphasise to your prospective clients that...

How entrepreneurs overcome challenging times in Dubai

Discovering a niche Take, for instance, the case of Jon Richards, CEO of yallacompare.com, whose personal experience of feeling frustrated by the lack of easily available information about financial services back in 2011 led to his decision to launch a comparison website for the same. As he was driven by a hunch, Richards did not invest all his resources into a single big idea. Instead, he...

How to implement the perfect employee incentive scheme

Business startups in the UAE tend to offer two main kinds of incentives to employees: cash bonuses and stock ownership.    Cash bonuses  Simply put, cash bonuses are pre-set payments that are awarded to employees when their performance empowers the company to fulfil certain objectives. Some companies choose to offer annual bonuses to staff; others stagger payments over a more extended time...

5 Women Entrepreneurs Making Waves in Dubai

Here are five entrepreneurial women that you should definitely know about.   Nadine Mezher – SARWA Cofounder of financial investment and advisory firm, Sarwa, Nadine Mezher wanted to start a business that made financial loans more accessible to new and young startup owners in Dubai. Partnered with a Canadian team, and now the chief managing officer, her company offers minimum-account options,...

Should I hire foreign employees or local nationals in UAE?

Therefore, when starting a new company in Dubai, entrepreneurs have to choose between the time-tested strategy of hiring foreign jobseekers or offer the same opportunities to the local talent, while availing the government concessions that come with hiring them.  For entrepreneurs setting up a business in the UAE, below are some factors to consider when hiring expats over Emiratis:  Additional...

Why entrepreneurs are changing the face of Dubai

Let’s look at how Dubai has evolved with this transition.    A vibrant business sector   Dubai has come a long way since its oil-dependent days prior to the 1970s. Where once more than half of its GDP was derived from the oil industry, this percentage has now declined to less than 1%.    Today, Dubai owes its growing GDP to a number of different industries, including wholesale and retail...

What to include in an employment contract in the UAE

As a new business startup owner in Dubai, you might be putting together a new team from scratch. As this will be the first time you’re working with them, it is a good idea for expectations to be clearly identified in a mutual agreement.     The terms of the job This is where the contract identifies an employee’s departmental position, role, and title in the organization. This section should...

Isku’s responsibility work awarded at GESS Education Awards

Isku has won the highly respected GESS Education Award for the best sustainable and ecological product. The GESS Education Awards gala was organized in Dubai, United Arab Emirates last night. Isku was chosen as a finalist also in the category of best digital/AR/VR product. GESS Education Awards is one of the most valued international awards in the education sector and the event was arranged for...

Schooling in the UAE- What to consider?

Here’s an overview of schooling in the UAE:  Schooling in the UAE is mandatory for all kids aged 6 to 18.  It is overseen by the Ministry of Education (MoE), and additional local governing bodies in Abu Dhabi, Dubai and Sharjah. The local bodies involved are: Abu Dhabi: Department of Education and Knowledge Dubai: Dubai Education Council and Knowledge and Human Development Authority (KHDA) ...

5 Simple Steps to Becoming Your Own Boss

1.    Plan Planning should ideally start whilst you’re still employed. This might feel like a challenge, but it’s also a good way to get a sense of the longer hours you’ll be spending to get your new business off the ground. Carve out some time each day to identify your business goals, how you want to introduce your new product or service to the market, and your revenue generation strategy. It’s...

Why most forex traders fail, and how you can avoid that with Q8 Trade’s education tools?

Market Understanding As the currencies market changes, it comes with new opportunities, but most importantly new risks. The currencies market is something a trader needs to learn, to understand and to join when a trend is defined. Not understanding the market can be fatal for a trader. By following a strict education process, most successful traders plan ahead and are rarely surprised by market...

GITI RECORDS SENSATIONAL MIDDLE EAST RACING DEBUT IN F3 DUBAI AND ABU DHABI ACTION

20 January 2020: Muscat, Oman: Giti Tire completed its inaugural Middle East tour at the world-famous Abu Dhabi’s Yas Marina Circuit – following last week’s action at the Dubai Autodrome. Bringing Formula 3 Asian Championship action to the region for the first time, all vehicles featured Giti branding and GitiCompete GTR1 tires, which were able to excel with top competition and challenging racing...