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. Riz & Mona Consultancy makes company formation in Dubai simple, guiding you through MOA drafting,…
Opening a cafeteria in Dubai means navigating multiple licenses and approvals. The cafeteria license cost in Dubai isn’t a single fee, you’re dealing with the Department of Economic Development, Dubai Municipality’s Food Safety Department, and other authorities depending on your setup. Before you can start a cafeteria business in Dubai, you need a trade license,…
Scaling a business is an exciting yet challenging phase. According to the U.S. Small Business Administration, about 20% of small businesses fail in their first year, and nearly 50% do not survive beyond five years. This guide highlights common mistakes to avoid when scaling a business, offering insights for automating processes and creating scalable operations.…