Building a sustainable business model is vital for long-term success and making a positive impact on the world. This blog will help you understand the steps to build a sustainable business model. We’ll cover what a sustainable business is, including the importance of environmental, economic, and social sustainability. Additionally, learn how to develop sustainable practices,…
In the fast-paced real estate sector of the Emirate of Dubai, stories of fraud and business partners failing to meet their commitments are all too common. Imagine investing in a property in Dubai, only to find out that your money wasn’t used as promised. This is where real estate escrow accounts become indispensable. They offer…
Dubai’s dynamic food culture and diverse population create a thriving environment for the bakery industry. With high demand for traditional Arabian pastries and modern cakes, starting a bakery can be profitable. Both residents and tourists appreciate quality bakery products, with a growing preference for artisanal, gluten-free, vegan, and organic options. This guide covers the essential…
As 2024 unfolds, Dubai solidifies its status as a global business hub with a non-oil economy growing nearly 6% annually, outpacing Western countries and China. This prosperity attracts global talent and wealth, drawing traders, tycoons, and bankers. The UAE has become a top destination for foreign investment in greenfield projects, with a regulatory regime designed…
A Memorandum of Association (MOA) is a legal document required for incorporating a company in the United Arab Emirates. It outlines the company’s identity, objectives, and governance structure. The MOA, an agreement among initial shareholders, specifies the terms of operation. This blog provides insights into drafting and notarizing an MOA, ensuring compliance with UAE laws.…
Item Cost (AED) Trade Name Reservation 620 – 720 Initial Approval from the Department of Economic Development (DED) 100 – 500 Trade License (Restaurant/Cafeteria License) 10,000 – 15,000 per year Food License from the Department of Food and Safety 10,000 per year No Objection Certificate (NOC) from Civil Defence Department 1,500 – 3,000 Signage Permit…
