Category: BUSINESS PRODUCTS & SERVICES

The Basics Of Starting A Business In Dubai

There are things that every entrepreneur has in mind. If you happen to be one of those, it is indeed a good thing. Part of your business plan should contain the feasibility report as it will help you explore the right options and will also help save a lot of time. However, despite all the efforts before starting the business, sometimes entrepreneurs end up having trouble doing business. that’s because every place has a different environment and without understanding and matching the environment, you cannot do business properly.

Every word said above is important and you will find its relevance pretty soon. Part of the equation is that when you start to think about doing business in Dubai, you often don’t have enough knowledge about the business environment of this city. That’s normal and can happen to anybody but that doesn’t mean you shouldn’t do homework beforehand. Dubai has a number of free zones spread all over the city. These zones were exclusively meant for entrepreneurs and designed in a way that foreign investors could come and spend money here. From large offices to small localized workplaces, every unit was designed with a plan and a customer in mind. The DMCC region is famous for the facilities and affordability it offers to customers. The offices are categorized under different categories. Since you are new to Dubai, it is possible that you know little about free zones. Just knowing that these zones have a separate setup and legal framework surrounding them shouldn’t be enough. There is more to this so stay tuned and get ready to know a little more on who to have a fresh startup in Dubai:

Free Zones

You may have at least heard about the free zones. Well, these are exclusively built zones for investors and entrepreneurs that were looking to open a business in Dubai. Knowing that, it should be noted that free zones are quite popular and the fame is only increasing. Where ordinary businesses have to pay a hefty amount of tax each year, businesses operating from free zones are required to pay no taxes whatsoever. Also, these zones also offer top of the line facilities to the customers which is why they become famous.

Feeling interested yet? If so, it is time to start exploring your Dubai free zone business options. Click here now to learn more about free zones and how to open your office into one. In the meantime, keep piling as much information about this city and its free zones as you possibly can.

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Benefits Of Hiring Translation Services

Every translation service is different when it comes to effectiveness and winning customer trust. You cannot possibly compare one service to another as they may be offering different services, or catering different languages. For those of you seeking legal translation in Dubai, know that your translation service will likely fulfill all your needs. However, you have to make sure that the best service is at your disposal. If you did, it will likely help you get the accurate legal translation of documents. If not, and that might trouble you a lot, your search should continue and never stop at an option until you find the right one.

Translating legal documents is never easy. You need someone who is aware of the technical terms and their meaning. The translator should have firsthand knowledge about legal aspects and what the sentence means. Keep in mind that in legal matters, often every word has multiple meanings. It gets even more complicated when you end up finding out that legal terms are drastically similar to the ones we use in daily life. Now, that was to explain you the level of difficulty of legal matters in own language. Imagine the difficulty one might have translating the text from another language. That would be the epitome of all difficulties. Still, your professional and responsible translation service is there to help you no matter how stiff the challenge may be. There are other benefits of hiring translation services too that you will know when you hire one. For now, here are some that you might find interesting:

Affordable

Unlike the common misconception that translation services are expensive, they are in fact affordable. Most translation services that deal with local stuff and customers are surely on the affordable side. However, those that deal with multinational corporations or governments, they tend to charge more. Of course, having an interpreter sitting in the middle of two dignitaries from different countries means he is there to make them understand each other easily. These officials may be representing the interests of their respective countries. As such, the role of interpreter becomes that much more important. The translation will also be top notch and only the best make it to this level.

Get more info about translation services and know your reasons to hire one. When you do, you will not neglect any requirements you may have from the service and eventually, you will find one.

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Importance of Accounting and Audit Firms

Auditing is one of the most important processes of evaluating and analyzing the company’s financial positions. Internal controls of any organization play a vital role in achieving organizational goals and establishments. Usually companies have their own finance department which monitors all day-to-day activities and financial statements to facilitate executives and owners of the company according to their queries and requirements but some companies use external support from the accounting firms in northern Emirates due to lack of expertise and resources.

For regulatory requirements in the United Arab Emirates, every company should maintain its own financial records and also an internal accounts and auditing department to ensure fair book keeping. Chartered accountants are quite skilled and professional individuals who provide accuracy in financial status of the company and minimize the chances of any reputational breach or law breaking. Financial reports are further analyzed by external auditors who are assigned by government or any business management authority of the country to undertake fair and independent audit and ensure transparency of record keeping. Any type of fraud and miscommunication is highly illegal and could result in license cancellation of the company.

A systematic way of auditing and accounting will benefit any company or business in the following manner.

  • Real valuation of any organization is very important to maintain and increase the consumer and potential customer’s faith and trust to further invest in the company with full confidence.
  • Cash flows and resource allocations are better understandable for the company’s executive for improvements and maximizing the profitability.
  • A close monitoring and examining every departmental record enables the company to reduce or eliminate risks and any material or immaterial losses.
  • An internal risk and audit department helps the firm in any type of decision making which is related to any business or investment plans and needs quantitative judgments and scenario scanning.

Internal auditing department and its staff maintain and check every internally and externally enforced policy, rules and regulations on timely basis for reducing chances of policy breach or any regulatory fines. Internal auditors also eliminate the chances of any fraud or misuse of material records.

Reports and financial analysis prepared or authorized by internal auditors are considered reliable due to their financial expertise and detailed knowledge about different risk eliminating methodologies. Their valuable suggestions are always helpful in business improvements and future commitments for expansion or resource allocations.

See this link for the best audit and accounting firms in Abu Dhabi which also provide additional services for checking financial records and book keeping in case of any regulatory requirements.

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Finding The Top Translation Service In Town

Now that we’ve learned a little about how much attention and research it takes to find the right translation service, it is time to move a step further to find one. As we know that translation services are no ordinary entities. On the contrary, they are highly skilled and qualified services that have years of experience in handling tasks of varying difficulties and magnitudes. It is evident that translation services know their art and how to turn even the most difficult piece of text into an easily readable document. However, finding such a translation company around you is by no means easy. In fact, it is by all means a little more complicated than you and all those who need them, think. Similarly, having your legal translation in Abu Dhabi done is also complicated provided you end up finding a suitable service. It has come down to this, you need a translation service and they are plenty of them out there. You need a quality one and don’t know how and where to find one. Here is what to do to find one near you without wasting al lot of time and money:

Surveys

You need not to conduct your own surveys, rather reading some recently done existing surveys online will do your search a world of good. On the other hand, you also need to do your own research. For this purpose, you should bring in your entire social circle and ask them all about names and contact numbers of translation services they know near them. The result will start to come almost instantly as your inbox will be flooded with names and numbers of reputable translation companies.

Begin Contacting

The first phase is done and dusted so let’s move on to the next phase. Here, you will start contacting each service and ask some predetermined questions. The idea is to find a service that is not only reputable but has enough experience for handling different types of translations and satisfied customers. Speaking of customers, you should also ask for testimonials so that you could get first hand feedback from customers. If customers praise them and their ability to provide technical translation without breaking sweat, or more complex ones, you should immediately look to hire them.

While you are at it, don’t forget to consider experience and other necessary steps into your search as well. Doing so will only help ease your search and you will eventually find one much sooner that you had anticipated.

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How to get a Temp Job in Dubai

As Dubai becomes a truly global metropolis, the demand for new office worker is growing as well. Many offices are such that their work grows and then stalls, so they have a high demand for temporary workers, that are also called temps. This is a great opportunity for the workers who are not much experienced in their field, so they have not yet found a job. These are three basic tips to get a temp job in Dubai.

The first thing that you can do is contact HR outsourcing companies in Dubai and then get your CV to them. This will make sure that you are listed with these companies, so when there is demand for a temp, you may get called. However just being listed as a company does not mean that you will always get the job. So while you wait for your job, you should make sure that you are doing something that put you above the rest of the candidates when there is a job available.

The second thing that you can do is to beef up your CV while you wait for the call from the HR Company. The simplest thing to do in this regard is to sue freelancing websites and make sure that you have accumulated some experience while you wait for your temp job to be assigned to you. This will not only benefit you in the short term by bringing in some much-needed cash, but it will also beef up your CV, so the long-term effect will be cumulative.

The third thing that you must do while waiting for your call from temporary staffing agencies in Dubai, is to make sure that you are keeping yourself in good health and out of trouble. There have been a number of incidents, where good and decent office workers had to leave the country just because they were caught doing something illegal. So while you are free, make sure that you are not getting into trouble. Young people tend to lead volatile lifestyles, so you should make sure that you are not doing anything that may reflect badly on your CV.

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Avoid These Before Renting An Office Space

So far, you’ve read about things that you should know before renting an office space in Dubai. it may be possible that you were wondering if all was acceptable when it comes to renting an office space in Dubai. Of course, like any city, Dubai also has its share of pros and cons. However, the benefits are so many that they far outweigh the drawbacks. Still, as a new comer and someone who has little to no knowledge about the place, or at least about renting office spaces here, it is pivotal to know things that you should do prior to renting an office space. Doing so will help you avoid indulging into things that you shouldn’t be doing in the first place. Here are more on things you should avoid doing before seeking cheap office space in dubai:

Not Doing Research

This is important and will let you explore the right options later on. The time you spend in researching will surely pay off at some stage. Doing so gives you firsthand knowledge of how the market is going. You will be in a better position to take the right decision. The online search reveals you the current position of spaces available in the city while contacting with friends and peers will give you firsthand information on which areas and places to explore to hire the right office space. However, when you don’t spend enough time doing research, you end up with little to no information about office spaces. You don’t know about the availability, the areas where these spaces are available and the prices that you will be paying once you rent an office. Also, you don’t know if the office space is adequate for your needs or not. Neither do you know if the office space has sufficient facilities that you need for your business or not. With so many question marks, it is evident that renting an office space without doing research is a bad idea. Therefore, you must spend adequate time doing research on your own. This will likely save you from unnecessary headaches you might end up suffering later.

Finding an adequate office space is by no means a difficult thing. All you need is to look for one in the right place. With sites like www.tucson-businesscenter.com around to help you in your office space needs, you will not end up paying extra or rent an inadequately equipped office space.

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Professions that can take advantage of co-working spaces

Co-working space is the newest trend in the business real estate. The concept of sharing an office share with a complete stranger became a fad and the number of going for this new concept is fast growing. It is not a surprise though since it presents a number of benefits to the renters. For one, the cost of renting a co-working space is less than purchasing your own office.

Another advantage is the flexibility. Unlike traditional renting space, you are not chained by terms and agreements. You can go for as long (or as short) as you like without a cent of worry. There is also a study conducted that employees who are in co-working spaces thrive better than those who are in a traditional office set-up. And these professionals find the set up ideal for them:

 

 

  1. Writers

If you are a writer trying to finish a book or beating a deadline then working on a co-working space can do wonders for you. You can have the space and quiet that you need to help you focus on your writing. If you need some ideas, you can consult your nearby “neighbor” and asked for their thoughts. Most co-working spaces in Dubai have great interiors and this might inspire you to churn out creative ideas for your book or writeup.

 

  1. Business owners

A lot of business owners are taking advantage of this set up to build their empire. Aside from the low cost, business owners can easily market their business to others. They can conduct their business operations and meet potential partners, clients, and employee in one space. Co-working spaces create a hub of people who works independently but shares a commonality. But if the business owner preferred a more private set up, there are serviced offices in Dubai that caters to this kind of requirement.

 

 

  1. Consultants

Consultants need a space to gather their thoughts so they can help out their clients. Working on a café or restaurant, they can do their presentations and case studies might affect their thoughts as they will be constantly bothered by endless stream of people coming in and out of the establishment. Co-working space can be a perfect set up for them as they can have the privacy they need to get their work done.

 

  1. Freelancers

If you are a freelancer working at home, you might need to have a change of scene to get you into the work mode. Working at home have its advantages, but it can get old and you have to battle to lots of distraction like your bed, the TV, and household chores. Working in a semi-office set up can boost you work morale and you can consult with other freelancers if you need some help.

 

  1. Virtual Assistants

Virtual assistants are quite busy individuals and need their own space to help out their clients. A table at a co-working space can help them organize their files, work on their task and finish all their deliverable without being bothered by others.

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Tips for choosing a perfect tax consultant

It’s once again the tax season but you haven’t hired any tax consultant and now you are worried because your company is at risk. What to do in such situation? Who to believe and who not to? For sure right now there are thousands of questions running in your brain and you are doubtful regarding the consultant which you will hire will be good or bad.

You must be thinking that the teenagers’ days were awesome when you don’t used to think about tax and all but now everything has changed, your marital status, your properties and now you need to pay taxes. For sure tax preparation is not an easy task which one can tackle. It is a huge task and you just don’t think about doing it all alone. Moreover if you own a business in Dubai then for sure you need a good value added tax consultant in Dubai.

Once you hire a good tax consultant then you just set yourself free from all worries as tax consultant knows how to do his job in a perfect manner. Moreover, a good tax consultant will surely take care of the nitty gritty details, involved. But yes relationship is the key; you need to maintain a good relationship with the tax consultant so that he provides you with the best advice on everything.

The real problem is who to ask to hire a good consultant, how will you get a good tax consultant? Well, you don’t need to worry; here you will find all the tips which will e helpful for you while choosing the tax consultant.

You need to consult the right person

To be very honest you just can’t rely on your friends for this, you may be thinking that it is good to ask the friends and relatives who have gained experience in this but you need to know that it’s a very bad idea. So just quit it right now because your relatives and your friends who seem really close or you might not be the perfect tax consultant you are looking for. What else you can do is, search for the tax consultant on yellow pages, for sure you will get plenty of tax consultants.

Decide & hire

Once you are done searching on yellow pages the next step is to shortlist those who have enough experience and a proven record. Your reputation is at risk so just don’t play with it. Interview the text consultant and analyze how pro he is into his work. Then you will get to know the real details. If you want to know about great tax consultants, visit website

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WHY BUSINESS OWNERS NEED TO INVEST IN A BUSINESS SOFTWARE SOLUTION

Whether you are a large enterprise catering to a number of people and industries or a thriving small business unit, you need something that would help you manage your business assets. And what better way to do it is investing on a top notch business software solution.

 

Some business owners do have apprehension on using this kind of solution.  What they do is they prefer to consult with a number of professionals to get the job done. This can be costly and managing a number of consultants might be stressful for some entrepreneurs. With a business software, you can personally manage your business and hire less people to see to it that everything is in order.

 

 

  1. Streamlining the processes

 

One of the main features of business software solutions is eliminating unnecessary business processes that can hinder productivity.  SAP partners in UAE agree that software like this eliminate repetitive tasks and procedures and increase efficiency within the team.

 

  1. Minimize human errors

 

Errors and blunders in business costs money. And if these errors are not resolved immediately, it can cost you or your business a great deal of your business money.  ERP software in Dubai can help lessen these instances since everything is already set up. No procedure or process will be forgotten and if there are errors committed, you can instantly spot check them and resolve them immediately.

 

  1. Cost efficiency

 

Investing on a software solution can be expensive, that is why a lot of business owners hesitate on purchasing one. But once they maximize the features of their business solution software, they can see that their business is getting better. With improved efficiency, you can instantly earn the money you spend on your software and it can help you in the long run.

 

  1. Help on managing the business better

 

With a proper system, it will be easier for business owners to manage every aspect of the business. Every detail of the project can be checked. Since most the software include calendars and time tracking function, managers can see how far along they are on the project. They can also set their timetables and see if the project is being done on time and on budget.

 

  1. Provide assistance on tracking your business growth

Foresight is a quality that every business owner should possess. But without data, it will be a difficult task. ERP software can give entrepreneur this advantage as this software has tools for accurate forecasting by giving realistic estimates.

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2017 Trends in Business Products and Services

As you know, millennials are young individuals who reach adulthood during the early part of the 21st century. More have been appearing and because of this, they are now the largest living group of people, based on the findings of the Census Bureau. Many millennials are now in charge of purchasing decisions. This only means that the business trends for the following years need to cater even more to this busy generation. Here are some business strategies that you need to analyze:

  1. Non-technical entrepreneurs should have tools in building tech products. Using technology in business is a necessary thing. It is imperative that you learn how to use technology and make it a staple part of your business. You need to do so if you want to compete in the market. WordPress is one of the CMS platforms you should consider. It allows you to manage your website, even if you only have little experience in building a business online with the help of technology.
  2. Help the personal brand. Oprah Winfrey and Anthony Robbins owe their global brands to personal branding. With the help of the internet, their playing field opened for them, making it more even. The same goes for ordinary people. Because of the internet, anyone can have a chance at succeeding in life. Tools for personal branding will trend more in 2017. When this happens, there will be fewer direct competitors and more individuality for your brand.
  3. Remote employee training. Remote employees were non-existent a decade ago. These days, hires are already done remotely. IBM spearheaded this and since then, many companies followed. Talented millennials are now hired from any location, if they have access to reliable computers and Internet connection.
  4. Millennials are embraced by businesses. Millennials are very different from the baby boomers. Millennials are creative in finding ways to do their jobs a bit better and improve the processes that happen in their workplace. This paves the way to innovation, starting a huge amount of change inside big companies. This will happen more as more millennials join the workforce in 2017.
  5. More companies up for sale. Baby boomers are now retiring and the businesses thy own are starting to be up for sale. This is where the millennials come in. They buy these businesses and reinvent them. Businesses are different now. Certain items that you could only find in specialty shops before are now accessible with just one click of a mouse.
  6. Nutrition tracking. Female millennials are very concerned with their nutrition and health. They do so more than anyone in the past generations. Tracking nutrition and fitness levels are now easier because of software and apps. You can look forward to more health app choices in 2017.
  7. Rising e-commerce. Once you decide to sell you products and services online, expect a rise in your revenue. Using social media and your website can reach many potential customers, who can also become regular customers, eventually. E-commerce will continue to be the best means of exposure for businesses in 2017.

Business products and services will continuously improve in 2017. If you are bent on making your company grow this year. Just continue to use technology, so that you can reach more customers and highly skilled workers on a global scale.

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