IS IT SAFE TO START A BUSINESS IN DUBAI?

Is it safe to start a business in Dubai?

 Author By Business setup consultant, Published In Company Formation,  Published By Hashmi Business Setup

It would be perfect to start a business in Dubai for any entrepreneur. The city is known to be UAE’s commercial capital and has transformed itself from a small-time trading place to a diversified hub.

Business startups take advantage of the enormous commercial prospects and innovative business modules offered by the city. But, is its safe place to start a business in Dubai and consider residing here?

The answer to that is YES!

Start a business in Dubai and you would realize that it is better than most developed countries in the world. There are multiple reasons to prove this, however, in this article, we will explore some of the most recent ones.

Dubai fall under S.D.G 11 of the UN’s 2030 agenda

A panel discussion on sustainable and resilient cities held by the top governmental executives of Dubai, reportedly stated that the city has achieved the majority of sustainable development goals that fall under SDG 11 of the UN’s 2030 agenda.

Reportedly at the third annual UAE Public Policy Forum (PPF) speakers noted that Dubai’s accomplishments as a city in the areas of healthcare, transportation, and essential public services. SDG 11 focuses on making cities and human settlements inclusive, safe, resilient and sustainable that further confirms that it is safe to start a business in Dubai as per UN civil standards.

Dubai SME and their initiatives

Dubai SME is an initiative made by the Dubai government to uplift small and medium enterprises in the city. Most of the economy is generated by SME companies in Dubai. Hence, the government through Dubai SME offers initiatives and perks to the small and medium businesses in Dubai. They also create opportunities for such an entrepreneur to start a business in Dubai.

DED Dubai and DED Ajman signed an MoU

Reportedly, the Department of Economic Development in Dubai along with DED of Ajman have signed a Memorandum of Understanding (MoU) with Dubai SME. The aim is to employ various programs so that they can enhance support to the entrepreneurs. The MoU seeks to implement programs for SMEs such as offering concessions, providing training and helping through the marketing of the company. Also, other such initiatives we restart business in Dubai.

taken into consideration in the MoU, making it easy for SME’s to

Tax Advantages of Company Registration in Dubai

Registering your company in Dubai or starting a business here also offers tax advantages. Company registration in Dubai provides lots of tax benefits compared to any other region in the world. UAE imposes only 5% of VAT which is way lesser in comparison to the developed countries in the UAE. Also, registering a company in Dubai offer 100% exemption from income tax, 100% repatriation of profits, no currency restrictions as well as 100% import and export tax exemption.

Start your business with a business setup consultancy

It is always safe to start a business in Dubai with the help of an expert. Hashmi Business Setup a leading business setup consultancy offers a safe path to register a business in Dubai. With HBSS, you can enjoy complete ownership of your business. We also give you the Power of Attorney so that you can have full control of the Dubai registered business. Moreover, with an in-house Tasheel and years of affiliation with the governmental bodies – Hashmi Business Setup provides quick and safe solutions. To find out how safe it is to start a business in Dubai contact an expert today! Book a free business setup consultation!

Call +9710547681216 or WhatsApp on +9710509961724. You may also directly send in your doubts and queries by email on info@thbss.com or chat with a live agent http://hashmiservices.com/ 

5 ways to boost employee happiness and productivity – without going over budget

As your potential workforce increasingly seeks employment with companies that adopt forward-thinking approaches, showing your appreciation to your employees this month could boost happiness, productivity, and retention – without going over budget.

• Order in-office food
• Encourage commercial thinking and team awards
• Use employee gamification with prizes
• Offer free healthy snacks
• Use employee-selected learning

These simple ideas make real sense – and they're working for everyone from small startups to global brands like Google.

Order in-office food

You might not have the resources of Airbnb who call their staff to their free lunches courtesy of a chef with a bell, but the occasional in-office meal will always help with motivation and team bonding.

This show of gratitude is a great way to get everyone to stop working for an hour so they can relax and interact. While not specifically related to ordering food, researchers from Pennsylvania University found that an MD who expressed gratitude to a group of charity fundraisers before they started work, increased their call by a volume of 50%, compared to those who received no pep-talk.

While 'forcing your troops' to join in might not be the best idea if your coder is about to crack the problem that's been bugging them for a week, it's well worth considering the fact that many employees usually eat lunch at their desks.

A study of 1,012 UK office workers reported that 34% ate lunch at their desks, while 69% felt they were less productive when they didn't take a break away from their workspace.

Not only is this likely to reduce wellbeing and productivity – but it also means your company misses out on the benefits that eating together can have on brainstorming, team bonding, and collaboration.

Encourage commercial thinking and team awards

While losing talent is sometimes unavoidable, you can show your appreciation to employees by treating them as partners and allowing them to create and run commercially viable projects – such as new products or fresh social media ideas.

This type of reward works well as we move further away from the classic incentives – carrot or stick.

Fun rewards such as monthly team awards of cinema tickets, or a weekly prize for best note in the ‘ideas box’ can also offer a nice contrast. But as noted by Gary Chapman in The 5 Languages of Appreciation in the Workplace, “Showing appreciation through tangible gifts is effective when the gift shows that the giver has spent time and energy thinking about the gift.”

Use employee gamification with prizes

If you're looking for an innovative and on-trend way of enhancing your workplace – then turn work into a game.

This concept of gamification is being used by everyone from tiny startups to household giants such as Google that has implemented a 'travel expense game' in which employees can track their spending and complete their business mission under budget. Any money saved is paid as a bonus or donated to a charity of choice.

A US study released in 2018 in the US highlights some interesting gamification statistics:

• 80% of workers enjoyed using gamification software
• 87% felt gamification increased productivity
• 84% felt more engaged
• 82% felt happier with gamification at work

Most strikingly, 75% of the surveyed employees said they would be more motivated at work if their job felt more like a game.

Classic gamification ideas:

• Who can make the most sales?
• Track performance data and seek a better score
• Which team can come up with the best new product?
• Who can come up with the best marketing slogan?

You can also have a gamified team building evening with prizes.

Offer free healthy snacks

Offering a range of free snacks is a proven way to boost the happiness and contentment of your employees.

A survey by US-based grocery delivery service Peapod reported that 66% of office workers whose company offer free snacks, rate their work life as happy or extremely happy – something that brands such as Apple, Google, and Dropbox all leverage.

Factor in the trend for 56% of workers to experience an afternoon slump without snacks and the idea becomes even more appealing.

With the average employee also becoming more concerned with health and body image, opting for healthy snacks such as protein bars and cookies, nuts, soup cups, fruit, herbal teas, and cereal bars is likely to gain you bonus points. This is very evident in Dubai, where the lifestyle culture tends to attract young millennials.

Use employee-selected learning

While funding employee training will require some degree of the budget, with options such as online learning, group sessions, and in-house courses, upgrading your team's skills can be quite affordable.

I can vouch for the benefits of allowing your team members the flexibility to choose their own courses. It's a verified way to enhance their trust in you and boost motivation. You can take inspiration from the Australian retail bank Westpac who have created their own 'internal tech university called Leaning Bank for its 40,000 employees. The team members can select the courses that they want to study.

This approach is great for entrepreneurs and workers during the coming decades, when AI is likely to make some jobs and tasks obsolete.