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eCommerce-Business Scope in Dubai UAE
Categories Business, News, Startup

eCommerce Business Scope in Dubai UAE

Considering the shift of most activities online, it would make sense that revenue-generating ventures also happen on the internet. That is where E-commerce comes in. E-commerce is practically your trading, but all markets are in your hand, locked in a bright, white screen.

Use of Technology

Dubai, in general, is a great place to conduct business because of its flexible investment capacities, infrastructure, and the holistic business environment. The scope of E-commerce is quite happening in Dubai. It is a fast way to grow your existing business by giving it a digital presence. One of the main reasons business aspirants should consider divulging into e-commerce is how dependent today’s generation is on the mobile phone. In this day and age, not having a mobile phone means being stuck. People in Dubai spend time on social media not only to socialize, but there has been a significant increase in the use of those platforms to do retail shopping.

Demographics

The convenience and reach of the internet in hand-held devices at any time and anywhere is the maximum selling point. Acknowledging the fact that about one-third of Dubai’s population is comprised of millennials and GenZ, the generations that need everything done immediately and at their own whims and convenience, online shopping will only grow. With that in mind, all these e-commerce websites are even associated with cashless, online wallets that make the entire experience for people efficient and convenient.

Purchasing Power

Another important factor that contributes to the developing scope of e-commerce in Dubai is the purchasing power of the citizens. It being a developed city ensures people living there have the capacity to spend money and avail the benefits provided by an e-commerce business.

Government Intervention

Besides, the government has shown keen interest in developing an online culture and has been developing effective and efficient policies to help the proliferation of -commerce. In the UAE Vision 2021, developing e-commerce is of top priority. By approval of the Dubai E-commerce Strategy, the city has come to be the centre for the world’s conducive e-commerce. This lead to the government increasing the market share of Dubai-based e-commerce businesses, meaning reaping benefits becomes multifold.

How can Black Swan Help You !

As a business consulting firm Black Swan Business setup service can help you in setting up of eCommerce business in Dubai mainland or Free Zone with eCommerce licence and end to end support in PRO Service, Bank Account, Logistics, VAT Service, VISA Services, Office & Business Center, Secretarial Service, Warehouse, Accounting,  eCommerce Website Development, Digital Marketing, Book Keeping, Trademark Registration and more

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Things to Take Care of While Setting Up Business in the Dubai Free Zone
Categories Business, News

Things to Take Care of While Setting Up Business in the Dubai Free Zone

Things to Take Care of While Setting Up Business in the Dubai Free Zone: The Dubai Free Zones or Free Trade Zones exist to bring in more international business to the city as it promised a full hundred percent ownership to foreign companies in Dubai along with other incentives such as being tax-free and having customs duty benefits. Operations of the businesses in the free zones do not come under the jurisdiction of the commercial companies law and UAE. Each free zone has rules that must be adhered to that are set up by the concerned free zone. Some of the popular Free Zones are Jebel Ali Free Zone (JAFZA), Dubai Multi Commodity Centre (DMCC), Dubai World Central (DWC), Dubai Airport Free Zone (DAFZA) amongst many others.

Types

You can set up two types of establishments Free Zone Establishment (FZE) or a Free Zone Company (FZ Co) /LLC (FZ LLC). The main difference between the two is that when starting an FZE, only one shareholder can be registered, whereas, with an FZ Co, two or more shareholders can be registered.

Process of Setup

  • Choosing a field of business and type of ownership according to how you want to conduct your business activities.
  • Selecting a specific Dubai free zone. Research properly on which free zone allows the most benefits for the type of activity your business is going to conduct.
  • Deciding a company name is the next task. This should not clash with any national symbols, be offensive and at the same time must reflect your brand image.
  • Applications and documentation. This process involves filling in the application to start a business, submission of your business plan, memorandum and articles of association, board resolution and the colour copy of shareholders’ visa and passport.
  • Creating a bank account. You need to open a corporate bank account in Dubai to conduct business activities. Several documents are needed for that - photocopies of passports of partners, MoA, AoA, copy of shares certificate, company’s incorporation certificate, resolution from the board of directors and finally, a bank account opening form.

Benefits

The benefits of starting a business in the free zone include full ownership and complete repatriation of capital and profits. All corporate and personal income tax along with import/export duties are exempted. If duty calls, the companies can function 24 hours a day. The business owners can own properties and also wind up business at their own call. The recruitment of staff, acquiring work permits and visas and relatively easy. And during the time for renewal, the fee is moderate and affordable!

Limitations

The only limitation that remains is that once set up in the free zone, you cannot conduct business activities in the Dubai mainland.

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Why Companies are being Liquidated in Dubai
Categories Business Setup, dubai, News

Why Companies are being Liquidated in Dubai

Why Companies are being Liquidated in Dubai: While there lie a large number of opportunities in the booming Dubai, there are some companies that are forced into liquidation. It is because of some financial and legal reasons, or because of inadequate planning or some bad choices. In such cases, companies have to undergo a compulsory liquidation. Whereas, sometimes the company board comes to a mutual consensus and conducts a voluntary liquidation. It is important to thoroughly do market research and see what you’re getting into before you start a business so you aren’t at the brink of liquidation. Reasons for liquidation also include not being able to fun day-to-day business activities and it is best to see those signs much beforehand and prevent the actual process. Here below are some logistic reasons why a business needs to be liquidated. An understanding of this will help you stay on par with your business situation.

Location Matters

The location of your business should be strategic, depending on who you want your market to be and where you want to function. With restrictions on operating in the free zone or mainland, one must choose the location with great detail to avoid any mess.

Planning Right

The planning process begins even before the incorporation. Staying ahead of yourself will help ensure you’re making the right decisions. Impulsive decision making without careful thought can put your business in a situation where you have no option but to liquidate.

Competent Workforce

The business owner himself cannot handle all the operations of the company, hence there is a need to hire a workforce. But now, he is also responsible and liable for the actions of the workforce and any damage or faltering from their part could do huge damage to the business. Therefore, while hiring it is important that you vet the potential candidate and remind him/her of the tasks and the gravity of it that they’ll be undertaking.

Skills of the Owner

While it may be important to hire a good, competent and knowledgeable staff, it is also important that the owner is skilled enough. Having financial, managerial and entrepreneurial skills are important. He/she should be able to take on any responsibility and notice mistakes made and have good eye for detail, overseeing all tasks.

Flow of Capital

Sometimes, business expenditure may exceed your expectations and you need more than you anticipated to keep business operations going. So you either have a reliable line of credit or stashed capital to take out for your operations. If the company goes into debt, it is required to be liquidated.

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Steps to Transfer your UAE Residence Visa from an Old Passport to a New One
Categories News

Steps to Transfer your UAE Residence Visa from an Old Passport to a New One

Steps to Transfer your UAE Residence Visa from an Old Passport to a New One: There are certain process involved to apply for a new passport from your consulate or embassy in case your old passport has expired. You can transfer your UAE resident visa onto the new travel document by following ways.

PROCESS TO RENEW YOUR UAE PASSPORT
You need to apply for the service of Foreigners Affairs Amer Centres (GDRFA) and General Directorate of Residency, if you are in Dubai.
PROCESS TO RENEW YOUR UAE PASSPORT
You need to apply for the Citizenship and Federal Authority for Identity, if you are on other emirates.
PROCESS TO RENEW YOUR UAE PASSPORT
To renew your old passport into a new one, you first need to fill out a form by applying for the service of residence visa transfer.
PROCESS TO RENEW YOUR UAE PASSPORT
You can apply through online at https://smart.gdrfad.gov.ae/ or through a typing centre or even at an ICA centre or Amer centre close to you.
PROCESS TO RENEW YOUR UAE PASSPORT
There are essential documents required for renewal of new passport such as a color photograph, copy of old and new passport and original emirates ID of sponsor.
PROCESS TO RENEW YOUR UAE PASSPORT
The urgent service requires the applicant to visit an immigration office to get the visa stamped immediately while the normal service takes three to four working days.
PROCESS TO RENEW YOUR UAE PASSPORT
Though you have a company visa you need to have a copy of the license number or trade license, Immigration Establishment card, immigration user ID and password of the company.
PROCESS TO RENEW YOUR UAE PASSPORT
You have to make the payment for the service that depends on the emirate which has issued the visa.
PROCESS TO RENEW YOUR UAE PASSPORT
The cost of service at the Amer centres ranges Dh330 for normal service and Dh430 for urgent service appropriately.
PROCESS TO RENEW YOUR UAE PASSPORT
According to Moosa Bin Ali Dayani, a public relations manager based in Dubai will send an approval form through an email and a text message from the authorities.
PROCESS TO RENEW YOUR UAE PASSPORT
You will receive an airway bill number on the approval. Then you need to call Zajel services to request your passports to be picked up at a designated time and date.
PROCESS TO RENEW YOUR UAE PASSPORT
You need to contact Zajel services for visas issued in Dubai. For other emirates you have to contact Empost.
PROCESS TO RENEW YOUR UAE PASSPORT
When the passports have been picked up, they are processed by the authorities and both passport are returned to the applicant that holds a new passport stamped with the residence visa.

Image Credit: Stock image

Visit https://bss.blackswanbss.com/uaevisaservices/ for Visa Service in UAE

Consumers of Middle East Prefer Locally Produced Goods
Categories News

Consumers of Middle East Prefer Locally Produced Goods

Consumers of Middle East Prefer Locally Produced Goods: There has been an emerging trend amongst consumers across the Middle East to shift from global to locally produced goods and services. A large chunk of the population that supports this are the millennials. It is the millennials now who constitute the working population and make choices about what to spend on, so a natural solution would be to appeal to the decision making crowd. Being local does not mean you can not expand globally, but to understand the mindset and to be able to cater to their exact needs is what is important. Buying the product may be a monetary act, but the inclination of what to buy lies in the conscience and subconscious. This trend is especially applicable to the food and beverage industries, supermarkets selling groceries, and confectionery.

Approachability

Consumers often find that locally sourced are the solution to an uncompromised source for quality. Having come up after the global brands, keeping in mind what those brands haven’t been able to provide to their consumers worldwide. A local brand makes those rectifications.

Media Visibility

Attention is finally being given to local brands. It is now being inclusive in popular human interest stories really is a nudge for people. When people know the background of the locally born brand, they’re more interested in buying and supporting the venture.

Sense of Belongingness

When you’re doing business, you can’t just think about the logistics side of the work. There’s another angle to it, where interaction with the consumers pays off. In starting a business within the Middle East, you can ensure a customer loyalty base and support because now they feel one amongst the brand and know where their product is coming from.

The Question of Representation

Consumers often feel neglected in a global scenario. In contrast, when a local brand comes up, providing the same, if not better features and facilities, they feel like they’ve been taken into account and actually represented in the form of a packaged product.

The Price to Pay

It is common knowledge that globally sourced products are more expensive than the local because of the taxes and general popularity of the brand. Locally produced products have the same quality but are cheaper and hence preferred by the locals.

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