Advantages of setting up business in UAE

Two decades back UAE used to be the unrecognizable, dusty and squalid land. Later after the discovery of oil reservoirs, combined efforts of State government, developers and investors enabled this country to undergo aesthetic makeover. Significant progress has been observed in real estate and infrastructure facilities of this region.  The legacy of being an ancient trade route has been maintained well, although the old business tactics have been beautifully transformed into Western tactics. Especially the two leading Emirates Dubai and Abu Dhabi showed unmatched growth and progress in business, trade, finance and real estate sectors. The old Arab traditions efficiently blend with western cultures to present the lifestyle of 21^st century. Today UAE has become an absolute business destination in the region. Being world famous for most capable administration, infrastructure and smooth licensing process, the Middle Eastern country has almost everything to attract foreign investors and entrepreneurs.  Friendly economic and investment policies are the steps what UAE government has taken to facilitate investors and entrepreneurs.  UAE has been typified as the liberal country due to its liberal standards of rules and regulation.UAE government has taken every single step to cater foreign investors and facilitate them making huge investments in different sectors.  If you think that this is the right place to start up new business then go ahead. Below I have listed few major advantages of setting up business in UAE. 

Zero Taxes

With minimum controls and regulations by the state government, Dubai always attracts local and foreign investors.  Zero taxes on corporate profits and personal income, low custom duties and 100% repatriation of capital and profits allures everyone for making investments in UAE. Moreover, negligible controls on foreign exchange, trade quotas and stability of exchange rate between British Pound and UAE Dirham also facilitate foreign investors.  Most importantly the painless visa policies greatly facilitate expatriate to consider choosing UAE as their second home.

High Standard of Living

The high standard of living and glitz and glamour also attract everyone, who is willing to upgrade his lifestyle.  Breathtaking real estate developments like hotels, residential and commercial skyscrapers, luxury retail and recreational projects have contributed a lot in improving Dubai’s standard of living. Low crime rate, diverse culture, cosmopolitan lifestyle and availability of daily life necessities also played great role in boosting up lifestyle standards of UAE.

Structure of enterprising cost

UAE government, especially Dubai government proffers substantial cost benefits for entrepreneurs, who want to set up their enterprise in the city. It depends on the type of business you are going to establish. But in general there are some guaranteed advantages every entrepreneur will be enable to enjoy like no income taxes, corporate taxes with zero trade barriers. Moreover, you can also enjoy energy, real estate, and labour at reasonable prices. Import duties are also low with several exemptions. 

Availability of business licenses for diverse sectors

Business licenses are issued for both mainland and freezone areas across the city. Specific licensing criteria have been followed for the type of company or business setup you want to establish in UAE. For the mainland of Emirate of Dubai license are issued for different business types that include commercial trading, Tourism and travel agencies, manufacturing and processing plants, service providers and consultancy firms and branch and regional office setups.  The licensing process is simple and you can get license to become an entrepreneur in the city without doing complex paperwork.

Strong market potential

Being the business and trade hub in the region of, Middle East UAE business sector has been showing remarkably high revenues and profits in almost every sector.  The strategic location of UAE, and ease to access via air and sea routes have greatly enhance the business and trade sector in the region. Despite possessing oil reservoirs, UAE has diversified its economy to reduce its dependency from oil import and export only. Almost all emirates have been showing great interest to reduce dependency from oil exports.

UAE has successfully got itself recognized as regional business center. The country has proved its capabilities to cater entrepreneurs like no other country in the region. Dubai and Abu Dhabi are the UAE emirates that have been known to possess strong potential to serve profitable investment hubs of the Middle Eastern region.

Classic Ideas to grow real estate business without rifting the bank

Whether you possess huge profile of working as an experienced real estate investor or you are a fresh investor, who has just started investments in real estate sector, you will always need fresh ideas to progress your business profile and profits. Especially the new investors don’t have huge marketing budget can take advantage of these classic ideas to ensure good profits. Effective marketing to promote you and your business among potential clients is the key to success. Below I have shared few classic ideas that will help you to grow real estate business without spending huge funds on advertisements and marketing.

Networking

In fact it’s not the new idea; investors started networking with other fellows in the sector as soon as they make their first investment. During making investments, you will be coordinating with other investors and real estate agents which is the kind of networking in fact. Once you have done with your first investment you further need to expand your connections in the industry. Consider utilizing every single community event to grow your network.  It is advised to attend every outing activity, family event, and community gathering to meet new individuals. It is good idea to attend such events wearing the t-shirt with your office logo. Distributing your cards among people whom with you interact give you more exposure.  Communicate with people and you will get introduced with individuals looking to buy or sell home.

Branding via Social networks

Social networking sites have become a useful tool for branding. It has become a common trend that customers love to share about the brands they love and they feel happy recommending those services and brands to their friends and families. If you want your customers to become evangelist for your brand, it is advised to serve them extra and go few steps further to satisfy your customer.  In case you are a new brand and you are not capable to provide extra benefits for your customers at the moment, you can take help of your family, friends or neighbours to become your brand evangelist. Even you can hire a professional to market your brand on social sites. You can also work with them to get positive results as you have better knowledge about industry and competitors.

Use Digital Technology

Technological advancements are that which have changed the conventional industry processes. Online tools are being used to reduce the cost of business. Internet allows everyone to connect and share knowledge. Especially professionals belong to real estate industry utilize World Wide Web to communicate and serve their clients. What you need to do is to establish your company website and blog. You can efficiently use both of them to market your services and special offers. You can better outreach with prospective clients via online videos and email marketing campaigns. It is just not enough to maintain your website once rather you need to make some efforts to get your website recognized on search engines. Sending a monthly newsletter to your clients and prospective clients is also beneficial strategy. This way you can share valuable information with them to show your loyalty with them. It is advised to utilize all major social platforms like Google+, LinkedIn, Facebook and Twitter. You can also join online communities and forums to provide answers to help others.  Using these online tools you can efficiently develop your image as real estate expert in local community.

It is possible to build your brand image as professional real estate agent even you don’t have huge marketing budget. I hope these classic ideas will work for you. What you need to do is to improve your understanding with latest technology trends. Once you get yourself recognized as professional you can think to further invest some money to market your brand on huge scales. 

Author Bio:

Angela Davis loves to write and gain insight in different genres of writing.  She is always eager to learn new aspects of writing as she has been writing for a famous UAE based property management firm. She is actively involved in writing for travelling, health, beauty and fashion blogs.

What is a Studio Apartment?

Studio apartments are the kind apartments that contain all the necessities of routine life in a single unit, without any physical barrier of walls or separations. The concept of organizing routine life’s vitals like bed, bath and kitchen in a single room has been evolved to provide good and affordable accommodation for singles. Bachelors, students, retired individuals and business travelers, who have to stay away from home for longer period of time, find it more comfortable and affordable as compared to luxury hotels. Despite being the modern concept studio apartments are getting famous across the world especially in hub cities like Dubai.

                 

                                           

What is included?

Studio apartments consist of sleeping area, kitchen space and living area without any partitioning and barriers. Bathroom is the only are in studio which is separated with walls and a door. Although some of the studios have half dividing walls to isolate sleeping room from kitchen and living area. Dividing walls add little privacy. You can also use folding partitions to separate certain areas. Wide variety of partitions is available in different designs that are not only used for isolation rather they can also enhance the beauty, if chosen according to color and design theme of your studio apartment.

                                                        

What are the advantages? 

In addition to lower rents lower utility bill is another major advantage associated with studio apartments. Bills and rents are the two major expenses that cannot be avoided. Every tenant has to pay these costs. The primary reason behind low electricity bill is the small size of these units. Instead of using several lights, entire place can be illuminated with one or two lights.

What are the disadvantages?

Limited living space is the only disadvantage of studio apartments. You cannot store lot of items unless you have artistic mind to arrange things. You have to decide about essentials you can’t help living with. Instead of using large cupboard units to store things you can use flat boxes to store things.

Important considerations

Once you have found a suitable studio for your stay, you need to consider few basic things to enjoy comfortable lifestyle. Choosing the right furniture is the major concern you have got to consider. One wrong selection can make your studio cluttered and less comfortable. Consider choosing functional furniture over luxury designs. This will also help you saving good money which you will be spending on buying luxury furniture.

Studio apartments are alluring for singles and newlywed couples, who love privacy and prefer living independent life style. You can find such studios of different sizes near commercial areas and city centers. The main aim behind constructing these residential projects near business centers is to provide easy access to work place and lifestyle amenities.