The pandemic of Covid-19 and the subsequent economic recession has had a significant global effect on small and medium-sized enterprises (SMEs). According to an estimation rendered by the Ministry of Economy in December 2019, SMEs are the backbone of the UAE economy, contributing around 52 percent of the country’s non-oil gross domestic product. The COVID…
The strategic location, multinational demographics & progressive economic policies in the UAE make it a prominent and attractive trade destination. Several regulations & import requirements are implemented from time to time for the importation and trade of products in the country. Importers and traders are obliged to comply with the regulatory requirements as mandated for…
In a continuous attempt to diversify the job and investment climate of the UAE, the Economic Development Department of Abu Dhabi has confirmed the launch of a new ‘Freelancer License.’ The license would authorize 48 categories of business practices, open to UAE nationals, residents, and non-residents, to be undertaken in Abu Dhabi. Overview of Freelancing…
For budding entrepreneurs, Dubai is the land of possibility. It is the only city to have an operational atmosphere in the Middle East that is easily the most liberal and desirable. With thousands of grocery stores around Dubai, it’s no wonder many entrepreneurs feel that it’s a smart idea to open a grocery store. All…
The UAE Long-Term Visa, more commonly known as the UAE Golden Visa, has been one of the hot topics in the country ever since its launch. In the UAE, foreigners typically have renewable visas that are only valid for a few years, linked to jobs. Over the last two years, the government has made its…
One of the most strategic sectors in the UAE is the Oil & Gas Market. It is an important contributor to the national economy of the UAE. A broad variety of support systems are needed for the oil and gas industry, ranging from infrastructure, oil fields, oil rigs, storage, transport, labour, and more. Oil and…
