As 2024 unfolds, Dubai solidifies its status as a global business hub with a non-oil economy growing nearly 6% annually, outpacing Western countries and China. This prosperity attracts global talent and wealth, drawing traders, tycoons, and bankers. The UAE has become a top destination for foreign investment in greenfield projects, with a regulatory regime designed…
A Memorandum of Association (MOA) is a legal document required for incorporating a company in the United Arab Emirates. It outlines the company’s identity, objectives, and governance structure. The MOA, an agreement among initial shareholders, specifies the terms of operation. This blog provides insights into drafting and notarizing an MOA, ensuring compliance with UAE laws.…
Item Cost (AED) Trade Name Reservation 620 – 720 Initial Approval from the Department of Economic Development (DED) 100 – 500 Trade License (Restaurant/Cafeteria License) 10,000 – 15,000 per year Food License from the Department of Food and Safety 10,000 per year No Objection Certificate (NOC) from Civil Defence Department 1,500 – 3,000 Signage Permit…
Scaling a business is an exciting yet challenging phase. According to the U.S. Small Business Administration, about 20% of small businesses fail in their first year, and nearly 50% do not survive beyond five years. This guide highlights common mistakes to avoid when scaling a business, offering insights for automating processes and creating scalable operations.…
Expense Category Estimated Cost (AED) Details Basic Setup Costs 23,000 – 25,000 Initial setup expenses for licenses, permits, and administrative fees Securing a Location 20,000 – 40,000 Renting commercial space (cost depends on size and location) Kitchen Equipment 20,000 – 50,000 Essential kitchen appliances like ovens, refrigerators, freezers, cooking ranges, and smaller tools Staffing Costs…
Emirates Free Zone Name Cost of Trade License Why it is Special? Dubai Meydan Free Zone (without visa) AED 12,500 Easy networking Dubai Dubai Silicon Oasis – IFZA (with visa) AED 11,900 – AED 13,000 Modern IT infrastructure Sharjah Sharjah Media City (SHAMS) AED 5,750 – AED 10,000 Creative Media Center’s Mecca Ras al Khaimah…
