Always be prepared and look for ways to earn more money. This also includes planning for your business in every way possible.

2- Choose what works for you

Make sure the field of your business is suitable for your personal skills and capabilities.

3- Go for a balanced financial life

Try to make your new business something that boosts your savings.

4- Make friends

Making new friends in your field will motivate you to learn and accomplish more.

5- Use the internet

Try to spend at least 10 minutes a day on social media to market your product and get feedback from your customers.

• They represent 95% percent of all institutions in the UAE
• They also represent 42% of the workforce
• They account for about 40% of the “gross value added” (GVA) of the Emirati economy

Here are some tips and tricks that will help you start your business efficiently:

1. Plan for the basics!

Don’t forget that you are still at the very beginning of your dream project. This means that you need to think about your funding source, business plan, infrastructure, and employees. In other words, it is necessary to know how to deal with the basics of work long before you start choosing a location. 

2.     Do your research!

It is true that doing business in the UAE has some advantages. For example, the UAE provides a safe environment for investments, not to mention that it enjoys a significant infrastructure and stable economic growth. However, some business activities are prohibited in Dubai. You need, therefore, to check whether your business is permitted in Dubai or not.

3.     Choose a suitable location!

Choosing a good location for your business overseas depends entirely on the nature of the company you wish to set up. There are three main locations: the mainland, the free zone, and finally, sea areas. The free zone seems ideal for those who would like to start without a local partner, and here, the “SME” team will help you. We are experts when it comes to dealing with most free zones in Dubai, especially since free-zone companies in Dubai are the most in-demand.

4.     Find reliable local partners

It is critical to look for reliable local partners that can be your logistics services provider in Dubai. That’s where “SME” comes in. “SME” will help you structure your business and get visas and licenses. We will also provide the needed management consulting in every step you take with the help of some of the best local lawyers.

5.     Familiarize yourself with the local culture!

Last but not least, Dubai might be an international modern city, and even the city of the future, in accordance with a number of criteria. Nevertheless, you still need to do some reading on work ethics in the United Arab Emirates.

The ultimate goal of any investor is to make profits. Therefore, all that concerns the investor is “stability”, whether the political or economic stability of the country. In other words, it’s very hard for any investment to succeed in a country where security is threatened and political conditions are unstable. These two elements are the worst enemy of investments. That’s why it’s always better to seek a safe country where the profits of your investment can be doubled. This is the simplest mechanism of choosing the best place for your business.

The UAE is the number one Arab country in terms of the ease of doing business

Facilitating legal procedures for investments can greatly contribute to their success. Bureaucracy and centralism have always hindered the success of investments. The UAE has been keen on rejecting all these long, complicated procedures. Therefore, according to a report published by the World Bank for Doing Business in 2019, the UAE was the first Arab country in the Ease of Doing Business Index. It also ranked 11^th globally.

Ensure the growth of your business in the future

Dubai has proven to be a city that provides an environment of efficiency and safety for fast growth. This is due to the fact that Dubai is a leading city in the field of innovation and an international centre where both the East and the West meet. In addition, it hosts some of the world’s largest economies. Dubai always aspires to be among the top five global centres of business, transportation, supply, tourism, and finance. Moreover, Dubai is internationally recognized as a leading financial and commercial centre at the heart of the global Islamic economy.

Expand your business with the help of Dubai’s perfect location

Investments in Dubai have been greatly successful in the past five decades, and they are still growing steadily to this day. One of the secrets of this success can be attributed to Dubai’s strategic geographic location between the growing economies of the East, on the one hand, and the usual supply and demand in the West, on the other hand. One-third of the world’s population lives four hours away (by plane) from Dubai, while two-thirds live eight hours away.

Technological development in Dubai

Dubai is currently exploring and promoting the potential of the Internet of Things (IoT) in cooperation with the world’s leading technology providers. The Internet of Things project, which represents the basis of information and communications technology in the region, is what makes Dubai the centre of digital experiences in IT fields and the leader of pioneering initiatives.

Based on the “UAE Vision 2021”, Dubai aims to become a global hub for innovation, where research, science and technology are the pillars of a knowledge-based economy that reaches the highest levels of productivity and competitiveness. It should be noted that a group of business owners support this goal, as public and private sectors build effective partnerships.

Businessmen and entrepreneurs choose Dubai to be the perfect place for their companies. As years passed by, the UAE had already been a good destination for foreign investors.

There are 30+ Free Zones all over the 7 Emirates wherein you could set up your business in. What are the reasons why business entities choose Dubai for their expansion endeavors?

What are the advantages that you can enjoy in situating your business here?

1. Favorable Tax System

The number one reason for businessmen in choosing Dubai is its 0% tax rate on companies. This means your company will keep your earnings. You also don’t need to worry about currency issues because there is no restriction at all.

2. Stable Economy

According to analysts, the MENA region has young demographics. Nevertheless, with its current performance, the economy will grow fast in the next couple of years. The dynamic region is set to continue developing and improving on the next decades.

3. Location

The location of the UAE is as strategic as possible. The neighboring countries will reach it easy, may it be in Asia, Europe, or America. This makes the UAE a top choice for investors and businessmen to come to.

4. Easy Set Ups

Usually, it’s easy to set up your business here in Dubai. The legal processes are not so hard to do – you can actually complete in hours. All your company’s requirements and audit will be done accordingly. And this can let you start with your business right away without too many delays or mishaps.

And if you need professional help in setting up your business in Dubai, we at SME can guide you with it. Our hardworking team knows the exact ways to assist you and make sure that everything is set to proper and your business procedures will be coherent.