News and information on Doing Business in Dubai
The Expo 2020 Dubai preparations are motivating a lot of local and international investors to boost their operations in the UAE. The increasing options for affordable housing is making the UAE’s fit-out industry booming this year, inspiring residents to be homeowners. Business owners are very optimistic that the industry is in for a busy period […]
Fintech started in the Gulf region wholly in 2017, when regulators began implementing policies to encourage the growth of the sector, and ut has been growing rapidly and sustainable despite the slower uptake of financial technology compared to others in the world. In 2019, the Middle East and North Africa (Mena) ecosystem received $517 million […]
Dubai Economy partners with Commercial Bank of Dubai (CBD) to provide ease of banking services for investors applying for new licences or renewing their trade licenses. This strategic collaboration is another step to upgrade the quality of business registration and licensing services in Dubai and eventually enhance liquidity of licence owners through improved ease as […]
As we get closer to the end of the year, let us take a look back on the changes and trends that have taken place in the startup ecosystem in the Middle East and North Africa. In MAGNiTT’s November 2019 Dashboard, it was highlighted that more than 30 deals took place in November 2019, an […]
Dubai is one of the most attractive locations to set up a business. Companies around the globe are starting to establish their presence in this “City of Gold”. It offers great infrastructure, strong connectivity and a very competitive business environment thus making business setup daunting and complex. Watch this video to know how an advisor […]
The FinTech industry has seen significant growth in the number of deals over the years as highlighted by MAGNiTT’s 2019 MENA FinTech Venture Report, in collaboration with Abu Dhabi Global Market (ADGM). The majority of these deals are still at the early development stage with accelerators accounting for a sizeable proportion of them. In order […]
It has been almost two years since the introduction of Value Added Tax (VAT) services in the UAE. It is one of the most complex tax systems that a number of smaller companies find difficult to cope with, thus attracting fines. Tax experts say some of the most common mistakes made by the small and […]
Mubadala Capital announced $250 million (Dh918.29m) tech funds on Monday to invest for the region’s start-up scene and to enhance the UAE’s capital’s status as a tech and innovation hub. The Mubadala Mena tech funds grant a $150 million “fund of funds” programme that will invest in venture funds supporting Hub71 ecosystem in Abu Dhabi. […]
The first step of company registration in the UAE is the Trade Name registration. For some, selecting a trade name can be easy and exciting. The company name can be reserved within a day and the registration does not take more than 24 hours. However, getting it approved by the Department of Economic Development could […]
Expo Dubai launches the $100 million innovation and partnership programme, Expo Live to support social entrepreneurs across the region and the world with funding, guidance and exposure. The programme, has received to date more than 10 thousand applications from 184 countries and has supported so far 120 global innovators from 65 countries across the globe. […]