The free trade zones were established by the government of Dubai around 22 years ago. The objective behind doing so was the capitalization of the UAE market and to bring a revolution in the economic structure of the Emirate. The very first free trade zone to have been established back in the year 1985 was that of the Jebel Ali Free Trade Zone. This initiative literally transformed the industrial control possessed by Dubai in the whole of UAE. Once the free zones were established, the government of Dubai took several steps to lure foreign investors and offered several inducements to them for this purpose.
If truth be told, the establishment of this particular jurisdiction has played a significant role in diversifying the overall market sense. It has created a bench mark that over rules the protocols that were long endured by the country. This has made it possible for Dubai to become more of a business hub in the region. The popularity and the foreign investments that the free trade zones brought in impressed the other Emirates so much that the free zones were established all across them.
Entrepreneurs that had long been considering a Fujairah free zone company registration took the opportunity and established their presence in Dubai right away. Here’s why they grabbed the opportunity:
Benefit #1: No need to partner with a UAE national
To begin with, a majority of foreign investors are interested in establishing their businesses in a free zone for the simple reason that it does not require them to partner with a UAE national. They can easily set their business up without partnering with a local. What this means is that they can retain complete ownership of their business and there is no need whatsoever for them to worry about handing off the majority share of their business to the local sponsor.
Benefit #2: Tax benefits
Another major benefit that operating a business in a free zone has to offer is that businesses acquire tax benefits. The fact is that companies operating within the free zone do not need to pay taxes. This is a major advantage that has lured countless foreign investors to Dubai.
There are always two sides of a coin. While there are many benefits of establishing a business in a free zone, it has its downsides too. The number one disadvantage is that companies in the free zone are not allowed to indulge in business activities in places other than the free zones themselves. You can check here for more information.
One of the most important aspects of any business these days is that of accounting. If truth be told, your accounts are what will tell you how well your business is performing and what needs to be done to improve against your competition.
The fact of the matter is that proper accounting is necessary for you to be able to maximize your potential for growth. Considering how important this is, it is highly recommended for you to take on the services of a renowned accounting firm so that your accounts can be managed by thorough professionals. If truth be told, the services of an accounting and VAT consultant in Dubai can prove to be extremely beneficial for you and your business. To begin with, the accounting firm that you hire will make it possible for you to acquire details insight into the financial status and standing of your business. With their help, it will be possible for you to keep an eye on your cash flow.
A major reason why businesses these days are so inclined towards hiring accounting firms is that they have the skills and expertise required to provide you with details about any impending issues that are expected to arise. Apart from that, they will also guide you about what needs to be done in order to resolve the said issue. The best part is that they will also play an active role in helping you plan out your expenditures so that you can maximize on your cash outflow. If anything, this can play a significant role in building a solid foundation for your business. Their services will also make it possible for you to establish accounting goals that are not just feasible, but progressive too.
Moving on, accounting firms are highly knowledgeable in terms of the rules and laws that are part of the accounting industry. With the VAT now being part of every business, they will provide you with everything required for registration purposes. Apart from that, these companies tend to stay up to date about changes in tax laws so there is literally nothing for you to worry about in terms of paying your taxes. Click reference and you will learn how these companies can benefit you in the long run. Their services can actually play a significant role in lowering your taxes, which is definitely something you would enjoy as the owner of your business.
How many times you think about making payment for buying your favorite book or music dvd or other product? Of course, these are not big deal type items, rather everyday ones that you can buy anytime. Why bother making payments online when you can simply pay cash? Think about it – are you going to receive any benefits out of making online payments for your purchases or will it just end up as another formality the likes of which we witness day in and day out? Apparently not, and for a good reason as payment gateways are designed to facilitate customers as well as entrepreneurs alike. These systems offer a number of benefits out of which most are related to customers. No wonder why we are witnessing payment gateway in Dubai getting more popular by the day.
In today’s world, the technology is all around us and so the possibility of using it efficiently to our benefits. We cannot possibly maintain distance with something that is here and being used by millions around the world. it is wise to ensure using these technologies and use them with great efficiency. At the same time, the technology should offer benefits to the user which is the case with pos systems and online payment gateways. These systems are driven with modern technology and are as precise as it gets. You cannot possibly go wrong with the decision of using such systems for making payments online. All you need to do is to find the top suppliers of pos machines and your payments will remain just fine. Here is more on why pos devices will likely give you the precision delivery of payment every time you use them:
Pos systems are pretty easy to use devices so using them efficiently is not an issue. All you need though is to make sure that the device you bought is connected online and has no barricades between it and the payment gateway whatsoever. Here, it is important to note that the pos system you are looking to buy is made by a reputable entity and not some random maker. At the same time, you should pay attention at finding the right supplier of pos system as well. Doing so will not only help you find the right supplier, it will also help you get the right pos device too.
Time to explore your pos machine suppliers in Dubai and know which one to buy from.
Being a customer servicing agent takes a lot of doing. You are essentially facilitating a busy industry so you have to abreast yourself with a number of unique traits. Though you may have heard about them yourself, they are unique under the context of services you are trained to provide to the customers. Keep in mind that you are providing customer servicing here. In other words, you have to be as patient as it gets. At times, customers will buzz your head asking minor details or often the same thing over and over. Under such circumstances, you need to practice as much patience as possible. Remember, you are the patient one here while the customers are free to do and say anything, though most customers stay within the limits which is a relief indeed.
The usability and efficiency of customer service outsourcing cannot be negated. After all, it is the reason why you find thousands of companies looking and hiring customer services from time to time. Naturally, it is quite evident that these services are in great demand and it shows. However, just because they are popular doesn’t mean the companies will hire any customer servicing provider in town. There is a lot of search required still and the moment you realize that, you begin working hard on honing your skills. Customer servicing is indeed a handy service is going to remain so for a long time to come. During this, the service providers may also bring new training regimes, tactics and skills to their staff in order to better facilitate customers. Here is more on this:
It is a fact that a customer service agent is not just any random service provider. In fact, he comes across as someone who is quite attentive and listens well. For those of you not familiar with it, listening is an integral part of communication. You cannot respond adequately until you listen well. This show the importance of communication to you as a servicing agent. You would do whatever it takes to maintain your focus on listening to what the customer had to say and respond adequately if and when required.
Listening properly is equally important to other service providers such as part time receptionist. Of course, they’ll have to listen adequately to respond as once they do the customers will acknowledge their behavior and knowledge.
Remember, when you listen thoroughly, you respond properly and they get a timely and adequate response.
As the global economy has come out of the negative influence of the 2007-08 financial downturn, the limelight has shifted to the eastern sphere of the globe with the rising economies like China, India, Pakistan, the United Arab Emirates, etc. The United Arab Emirates has particularly surged as the most popular destination for doing business by the foreign companies in the last few years. The announcement of the Dubai World Expo 2020 has also added to the business and trade activities in the state, which has become a regional trade hub. The local government’s recent economic diversification drive has further enthused the foreign companies, which are flocking to Dubai to help them tap other regional trade hubs.
The first and the foremost thing to do before planning to shift your business to Dubai is to do proper research and gain decent bit of information about the local laws, regulations, culture, population, business trends, and other intricacies. The study and research about the local business demographics holds an important part of the business plans for foreign companies. After the initial research, foreign entrepreneurs are aware of the different options to go about their business plans. They can either set up their company in one of the over 20 free zones in Dubai or they can start a retail business in Mainland Dubai. Both options have their pros and cons, but retail businesses are in high demand due to the rising population of the states like Dubai, Sharjah, and Abu Dhabi.
You should be well aware of the fact that while you enjoy 100 percent ownership to your business in a Dubai free zone, the same is not a possibility with a business in Mainland Dubai. According to the local laws, a foreign business has to find a local partner to be able to set up a retail business in Dubai mainland. The local business partner holds 51 percent states in the company. Although, the equation sounds pretty unhealthy, but as a matter of fact the local business partner helps the foreign entrepreneurs in many ways. From communicating with the local trade and business authorities to dealing with the local banks and giving an insight into the local economy, the local business partner knows what makes Dubai the heaven of shopaholics. The retail businesses in Dubai make over 17 billion U.S. dollars a year, so be part of the procession and start your retail business in Dubai today.