Doing business in the UAE: pros and cons

Published on: 27 June 2019 Last Updated on: 16 July 2022

The United Arab Emirates (UAE) has a form of federation that consists of 7 emirates with own ruler in each of them. The state is a major financial and economic center, which policy is focused on attracting foreign investment into the country, therefore, the most comfortable and favorable conditions for doing business are created here.

The UAE continues to attract investor interest from different parts of the world. Thousands of expats from the US and UK are now migrating to the UAE to explore setting up new businesses and cater to an affluent target audience. If you are looking to set up a new business in the UAE, and are looking at networking and funding solutions, please visit website.

The following types of companies are currently available for business registration in UAE:

Local companies (where 51% of shares necessarily belong to the citizens of the Emirates or legal entities owned by citizens) – are able to do business without restrictions on the territory.
Free zone companies – are able to do business within the chosen free zones or abroad.
Offshore companies (International Business companies) – are prohibited to conduct business within the UAE territory, but are able to open an account in the UAE bank.

Opening an offshore company in the UAE on the example of RAK free zone:

RAK

Located in the northern part of the UAE, bordering Oman, Ras al-Khaimah (RAK) is one of the smallest emirates of the UAE.

Great interest in the financial and investment sector of this emirate was promoted by new legislation and regulations adopted by the UAE authorities. This, in turn, led to business and investment opportunities for individuals and companies around the world.

An International Business Company in RAK free trade zone can do business outside the territory of the country, own property in the UAE, be used as a logistics company, maintain bank accounts, and much more.

Basic requirements for opening such a company:

the minimum paid-up share capital – 10,000 AED;
the minimum number of shareholders – 1;
the minimum number of directors – 1;
local office requirement – no;
annual reporting requirement – no.

Required documents for registration:

Certified copy of a valid passport (or national identity card);
certified address confirmation – utility bill (not older than 1 month) in English or Arabic (or official translation);
A letter of recommendation from the bank (not older than 1 month).

Advantages of doing business in the UAE:

The main advantages include:

Absence of income tax and corporate tax;
Permitted 100% foreign capital, no need for a local sponsor (except for local companies);
There is no requirement for mandatory audit (except for some free-zones and local companies);
A high degree of data protection on the ownership of companies;
The ability to work in the country (with the exception of offshore companies);
The ability to open accounts in local banks without legalizing corporate company documents;
The right to obtain a Dubai residence visa or residence visa in other Emirate for shareholders and employees of the company;
The possibility of obtaining certificates of tax residency under agreements on the avoidance of double taxation (for free zones and local companies).

The ability to obtain a residence visa is one of the main advantages of opening a company in the UAE. It can be obtained by a non-resident individual on the basis of the acquisition of real estate, as well as the registration of a company in the free zone of the UAE.

Such a visa is issued for a period of up to 3 years with the possibility of extension and gives the right of permanent residence and work in the country.

In addition, UAE banks do not transfer information within the framework of the Common Reporting Standard exchange, if the bank has accounts of companies registered in free zones or personal accounts of shareholders and managers who have resident visas – as they are recognized tax residents of the UAE in the framework of the current legislation of the country.

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5 Ways To Help Your Sales Team In Door To Door Selling

The primary goal of each business is sales and profit maximization, and marketing techniques are essential in realizing this dream. Door-to-door selling is one of the best marketing strategies companies employ today. However, the success of this strategy depends on how you plan it as a sales manager. Door-to-door selling can be a nightmare, especially if your team lacks experience and proper market research. Therefore, it is also essential that the company prepares the sales team adequately before sending them to the field. What Is Door To Door Selling? The door to door selling is a technique that generally the people are using for sales and marketing purposes. Anything can be the target of your campaigning. For example, for door to door selling, you have to gather all the public information from where you want to start your marketing journey. The main target is to educate your customers and offer your services to your customers. But you also can do the branding through door to door sales. 5 Tips For Successful Door To Door Selling If you want success in field sales, you need to invest. Let’s see more of these tips to help your sales team succeed in the field. 1. Map Out The Location Understand the product or service that you intend to send to the field. Then, decide the areas with potential customers. Your target may be residents or other businesses. Use city, county, and state websites to get data about the people living in your target neighborhoods. The data will assist you in deciding whether the population fits your ideal client profile. Mapping out the area helps your sales team to conduct reconnaissance before the door-to-door selling. The team can scout the locations for competition, get a clearer picture of the population, including businesses, and identify strategic meet-up points. A sales route planner is necessary for mapping the locations. Having all this information beforehand helps boost the sales team’s confidence which yields success in door-to-door selling. 2. Make Use Of The Sales Route Planner App After mapping your target locations, it is essential to know the routes around. You want to see the team's progress on the ground, find the shortest and most convenient routes possible, and identify new leads around the area. All of these are possible with a sales route planner App. This route planning software helps manage the field activities in the following ways. Creating shorter and faster sales routes Visualize accounts. For instance, you can see which sales representative generates revenues, updates mass information, and much more. Check-in after each meeting, which means you can check customer interaction immediately it happens. Identify new leads around you. With the route planner app, you do not have to worry about a client canceling appointments at the last second; you can easily find other prospective leads in the area. The route planner software connects companies and their sales representatives on the ground for effective sales maximization. 3. Train The Marketing Team Whether you hire a team of sales professionals or not, it will help to train them on the task ahead. Make them understand your products and services, the audience you plan to reach, and the needs that your product can satisfy. The training should involve product demonstration, product features, and a script the team can use to talk to clients. The sales representatives will use the training guidelines to develop their selling techniques. In addition, provide selling aids such as business cards and brochures to the representatives, and you will be sure of a rise in your firm’s sales. 4. Set And Evaluate Goals Every business has different types of setting targets. And you have to plan accordingly. For example, some companies are doing door to door sales for branding and names. These are different types of sales. But some of the companies have serious goal setups. That also requires another map. So before making any sales, you have to map your business targets. Setting a goal for the door to door selling is helping your team to achieve the exact target. For example, the goals might be the number of business firms you want to visit or the sales you plan to make within a specific period. Communicate your goals to the team so that each sales representative may work towards achieving them. 5. Protect Your Team Door-to-door marketing poses a danger to the sales team. Instead, put safety procedures in place to make your team feel secure in the field. For instance, you can decide that the team moves in pairs. Investing in your sales team is a step toward maximizing sales. What are you thinking? Are you starting selling solar panels door to door? Yes, this is also possible. But your team needs to do much more hard work for it. You can protect your team from carrying the heavy burden with them. For door to door sales, you will require little planning and small handy equipment. For example, one day, a salesman approached my door and sold cosmetics. He carried a small setup to show the customers presentations. Yes, with this, within a few moments, he shows me all the details about it along with the case studies. So he does not have to give hours for the presentations. I understand every detail. Frequently Asked Questions Q1: What Types Of Advantages Will Get Through Door-To-Door Selling? Through the door to door sales, companies are localizing their marketing efforts. As a result, a salesperson will develop more stable connections and bonds with their audiences. And this is increasing the lead generation chances. Q2: After The Pandemic, How Safe Is Door-To-Door Sales? Yes, especially after the pandemic, this is a million-dollar question. Before the pandemic, this was also risky. Many times the criminals knock on the doors, forcing entry and robbing. Sometimes, the salesman is also not secure when they knock on the wrong doors. After the pandemic, if any salesperson approaches you, it is better to maintain safe distances and make the conversations. Q3: Is Door To Door Sales Difficult? Yes, door-to-door sales are complicated. But the suitable mapping of the business is making anything possible. When you start it, you will feel it is difficult, but after getting the right experiences, you will get to know the tricks and tips for the business. Conclusion: For the door to door sales, you can apply different types of techniques. But these five tips are always going to give you a better result and effects on the business. Always study the local areas before starting your business. Hence you should know and measure the field before starting running on it. So what are your ideas? Share your opinion in the comment section. Read Also: 13 Things To Consider When Choosing Fonts For Sales Posts 5 Ways to Prepare for Black Friday Sales Top User Tips For Getting Started With Salesforce 5 Actionable Mobile Marketing Tips That Drive Sales

10 Tips to Design the Perfect Business Card

Handing out business cards is a good way to promote your brand and foster personal connections. But, the creation of perfect and memorable cards clearly remains a challenge. Research shows: 88%—or 9 out of 10—of distributed business cards will be thrown out within one week. How to Design the Perfect Business Card So, what makes these tangible objects impressive? A lovely design. The perfect business card doesn’t only present your contact information. It also communicates your brand’s professionalism. So, if you’re interested in making a positive impression, consider the business card design tips below. 1. Adhere to the Principles of Good Design The perfect business card is a visual representation of your brand. It’s a determining factor in whether people trash your card. And, the following elements of good design are important in capturing people’s attention: Alignment and length Color scheme Content hierarchy Typography Kern Layout Tracking White Space 2. Avoid Complexity in Design When designing the perfect business card, you should aim for simplicity. Simplicity in color and contrast to prevent overwhelm. Simplicity in fonts to prevent difficulty in reading. Remember, you want a prospect or customer to reach out to you for help with their needs. And, by avoiding complexity, you make it easy for them to read your contact information, call your number, and partner with you for your services. 3. Provide Key Information Above, we discussed simplicity in design. And, you can keep it simple by only presenting the information required to communicate who you are, what you do, and how to contact you. Details such as: Name Title, role, or function Business name and logo Physical address Telephone number If space allows, for social connections, you can also add virtual information. For instance, you can include: Professional e-mail address Website landing page or blog address One or two professional social media handles QR code 4. Emphasize Benefit and Value You should also take it a step further and emphasize your benefits. In other words, the perfect business card should do two things: Tell (or remind) people about what you can do for them Tell (or remind) people about the value you offer Limit your explanation to a line or two, describing your service, specialization, and value statement. 5. Consider a Nontraditional Shape Can you choose the standard 3.5x2 inch horizontal rectangle/square? Yes. But nowadays, you also have more creative options available. With die-cuts, for example, you can choose from a variety of shapes: Circle Folded Half-Circle Leaf Oval Rounded Corners Single Rounded Corner Slim Vertical 6. Improve Your Card’s Appearance Additionally, you can improve the look and feel of your business card, through imprinting. Again, you have several methods to choose from: CMYK or Four-Color Printing Embossing Debossing Foil Stamping PMS or Pantone Matching System Depending on your chosen imprint, “finishes”—such as lamination, UV, and spot coatings—can also positively enhance your card’s quality and design. 7. Invest in High-Quality Materials Presentation is an important part of designing the perfect business card. And, the quality of your chosen material impacts your brand’s impression. You have a few choices, when choosing your card’s paper, weight, and thickness: regular, plastic, textured, thick, thin. But, high-quality material is a better investment. How do we know? The National Institutes of Health’s research on haptic sensations found: physical touch can influence the impressions and thoughts formed about people and situations. 8. Ensure Branding Consistency What you shouldn’t do, when designing your business card, is display a lack of cohesion in branding. If there are style, color, and typography inconsistencies in your marketing materials, then people will notice. Remember, your brand identity helps customers and prospects recognize your business. And, when consistent, your business cards reinforce your visual elements. 9. Double-Check for Errors and Unreadable Text You want customers to take you seriously. To trust you. So, double-checking your business cards, before printing, is critical. Read, reread, and edit. Search for spelling, punctuation, grammar, layout, and omission mistakes. But, don’t stop there. Also, make sure your business card is readable by: Using at least 8 point fonts Using font colors complementary to its background 10. Beware Printing Specifications When designing the perfect business card, you must ensure optimal printing. Many printers stop at a certain point. So, it’s important to consider the following specifications: Bleed Area. You should include at least a 1/8” bleed area as it eliminates white space during printing. Safe Area. The center of the business card is the safe area, so you want all your readable text and graphics there. Ready to Design Your Card? Now, you're armed with 10 good design tips for creating the perfect business card. Use this Vistaprint coupon code to save on your next order. Will you apply them? If so, you'll have what you need to increase your brand awareness, make a memorable impression, and even attract new clients. Read also: Tips For Small Businesses To Raise Funds For Their Projects

Lawn Care Maintenance Services And Tips

The lawn is one of the best assets that make a home look attractive outside. Lawns make a house look more lively and refreshing. Moreover, they can also serve as a place for different family activities. Maintaining one’s lawn at home may require some specific steps or processes as well as a set of equipment that will help one do the job with ease and efficiency. Lawn care may require a huge amount of effort, but every drop of sweat that you’ll be dropping on the ground from this will surely be worth it when you see the fruits of your labor. However, if you want to save yourself time and effort, you can easily choose to hire lawn care professionals like mosquito minus franchise, but nothing beats doing things you. This will not only allow you to learn new things about your lawn but will also give you a feel for how it is to grow grass. To get that great-looking lawn that you want, it is essential that you care for your lawn properly. There are some ways in which you can care for your lawn, and some of the tips and tricks of the trade seem to work better than others. Lawn care these days is a serious game and has also turned into a serious business. You may be happy with your lawn's current state of affairs but then again perhaps you are just a bit jealous of your neighbor's lush green patch of Heaven. What is he doing differently than you? Essential lawn care tips must be utilized to have the greatest-looking lawn possible. Here's how the tips break down: • Watering • Fertilizing • Cutting Some Handy Tips to Hire a Good Lawn Care Service Hiring a lawn care service who can assure that your lawn will be lush throughout the year is a wonderful feeling. Nevertheless, this is a task that should be given some extra time and effort. Numerous people contact various lawn care service providing companies and choose the one who is low-priced, but I think in this way people won't get the excellent work. Here Are Some Handy Tips That Will Assist You In Hiring A Good Lawn Care Service: Ask Your Friends and Family Members I think you should ask your friends and family members if they have used any lawn care service. If you like someone's lawn, then you should meet the owner of that lawn, and ask him which lawn care service he uses. Word of mouth is another best way to find out about a good lawn care service. Check Their License Before selecting any lawn care service, you should ensure that they are totally licensed. Certainly, you can save a few bucks by hiring the one who is not licensed, but what you will do if something goes wrong while the lawn care company is at your home. View Portfolios Every lawn care company will have a portfolio of their most excellent work for you to view. When you are talking with numerous lawn care companies, don't forget to view their portfolios. If someone says that they don't have a portfolio, then you should carry on your research because they might be new in the industry, or they are not good at what they do. Obtain References When you are talking to different lawn, care companies. You should always ask them to provide you with a list of references. If they are a professional lawn care service provider, they will provide you a list of references. If they say they are unable to provide you the list of references, then you should stop the conversation, and go to meet other lawn care service providers. Inspect Other's Work A helpful way to decide which lawn care service is best for you is to ask them for a list of their latest projects both small and large. This will be different from viewing their portfolios and reference lists, and this might not be prepared, but if you ask them they can provide you. When you have this list in your hand, go and visit those places, this will give you a good idea of how good they are at their work. We recommend GrowGardener for your lawn care needs. Read lawn service reviews to find the best lawn maintenance company in your area.

Doing business in the UAE: pros and cons

Opening an offshore company in the UAE on the example of RAK free zone:

Advantages of doing business in the UAE:

How to Organize Your own Maintenance Service

How to Spice Things Up for Your Start-Up Restaurant

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Related

5 Ways To Help Your Sales Team In Door To Door Selling

10 Tips to Design the Perfect Business Card

Lawn Care Maintenance Services And Tips

Doing business in the UAE: pros and cons

Opening an offshore company in the UAE on the example of RAK free zone:

Advantages of doing business in the UAE:

Share this Article

How to Organize Your own Maintenance Service

How to Spice Things Up for Your Start-Up Restaurant

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

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