<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Dubai Business Setup &#8211; Blog</title>
	<atom:link href="https://crenov8.com/blog/category/dubai-business-setup/feed/" rel="self" type="application/rss+xml" />
	<link>https://crenov8.com/blog</link>
	<description>CRENOV8</description>
	<lastBuildDate>Tue, 02 Sep 2025 18:11:08 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=5.5.17</generator>
	<item>
		<title>Rebranding Done Right: Lessons from Famous Brand Overhauls</title>
		<link>https://crenov8.com/blog/rebranding-done-right-lessons-from-famous-brand-overhauls/</link>
					<comments>https://crenov8.com/blog/rebranding-done-right-lessons-from-famous-brand-overhauls/#respond</comments>
		
		<dc:creator><![CDATA[CRENOV8]]></dc:creator>
		<pubDate>Sun, 23 Nov 2025 19:30:55 +0000</pubDate>
				<category><![CDATA[Branding]]></category>
		<category><![CDATA[Design Thinking]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[brands]]></category>
		<category><![CDATA[business Process]]></category>
		<category><![CDATA[consulting]]></category>
		<category><![CDATA[creative]]></category>
		<category><![CDATA[creative design]]></category>
		<category><![CDATA[creativity]]></category>
		<category><![CDATA[Crenov8 analytics]]></category>
		<category><![CDATA[crenov8 dubai]]></category>
		<category><![CDATA[Crenov8 Lagos]]></category>
		<category><![CDATA[Crenov8 Nigeria]]></category>
		<category><![CDATA[customer experience]]></category>
		<category><![CDATA[Data Analytics]]></category>
		<category><![CDATA[design]]></category>
		<category><![CDATA[Digital Transformation]]></category>
		<category><![CDATA[Dubai Visas]]></category>
		<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[Information technology]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[management consulting]]></category>
		<category><![CDATA[Product development]]></category>
		<category><![CDATA[Rebranding]]></category>
		<category><![CDATA[Research]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Top Design company in Dubai]]></category>
		<category><![CDATA[Top Innovation company in Dubai]]></category>
		<category><![CDATA[Top innovation company in Nigeria]]></category>
		<category><![CDATA[Top technology company in Dubai]]></category>
		<category><![CDATA[trending emerging Technology]]></category>
		<category><![CDATA[User experience]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=2115</guid>

					<description><![CDATA[<p>In the fast-moving world of business, even iconic brands cannot afford to stand still. Rebranding is often seen as a risky move change too much, and you alienate loyal customers; change too little, and you risk irrelevance. The brands that get it right, however, provide invaluable lessons in balancing heritage, innovation, and audience expectations. Why [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/rebranding-done-right-lessons-from-famous-brand-overhauls/">Rebranding Done Right: Lessons from Famous Brand Overhauls</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>In the fast-moving world of business, even iconic brands cannot afford to stand still. Rebranding is often seen as a risky move change too much, and you alienate loyal customers; change too little, and you risk irrelevance. The brands that get it right, however, provide invaluable lessons in balancing heritage, innovation, and audience expectations.</p>
<h4>Why Rebranding Matters</h4>
<p>Rebranding is more than updating a logo or color palette. It’s a strategic process that reflects shifts in market positioning, values, customer expectations, or business direction. Done correctly, it can:</p>
<ul>
<li>Signal a new strategic focus</li>
<li>Modernize the brand’s image and relevance</li>
<li>Reconnect with emerging customer segments</li>
<li>Drive internal alignment around a refreshed purpose</li>
</ul>
<h4>Lessons from Famous Brand Overhauls</h4>
<ol>
<li><strong>Apple: Simplicity as a Core Value</strong><br />
Apple’s evolution from “Apple Computer” to simply “Apple” highlighted the company’s expansion beyond computers into a broader ecosystem of devices and services. The rebrand reinforced simplicity, innovation, and design excellence, turning the brand into a global cultural icon.</li>
</ol>
<p><strong>Lesson:</strong> Align the brand with evolving strategy and future ambitions.</p>
<ol start="2">
<li><strong>Old Spice: From Nostalgia to Modern Humor</strong><br />
Old Spice transformed from a dated, traditional brand to a witty, modern voice that resonated with younger audiences. Bold campaigns, humorous messaging, and digital engagement rejuvenated the brand while keeping its heritage intact.</li>
</ol>
<p><strong>Lesson:</strong> Know your audience and adapt your tone without losing authenticity.</p>
<ol start="3">
<li><strong>Airbnb: Embracing Experience Over Accommodation</strong><br />
Airbnb’s rebrand shifted the focus from merely offering places to stay to promoting “belonging anywhere.” A new logo, website, and messaging emphasized community, experience, and trust. The rebrand helped the company scale globally while maintaining emotional resonance.</li>
</ol>
<p><strong>Lesson:</strong> A strong narrative can unify brand purpose, design, and customer experience.</p>
<ol start="4">
<li><strong>Dunkin’ (formerly Dunkin’ Donuts): Streamlining for Modern Life</strong><br />
Dunkin’ dropped “Donuts” from its name to highlight beverages and a broader menu. The move modernized the brand, simplified messaging, and signaled evolution without losing loyal customers.</li>
</ol>
<p><strong>Lesson:</strong> Sometimes small, strategic adjustments convey a bigger change in positioning.</p>
<h4>Key Takeaways for Successful Rebranding</h4>
<ul>
<li><strong>Start with Strategy</strong>: Understand why the rebrand is necessary and how it aligns with business goals.</li>
<li><strong>Know Your Audience</strong>: Tailor the visual identity, messaging, and experience to customer needs and expectations.</li>
<li><strong>Preserve Core Identity</strong>: Keep elements that communicate heritage and trust, even while modernizing.</li>
<li><strong>Communicate Transparently</strong>: Guide stakeholders and customers through the change with clear, consistent messaging.</li>
<li><strong>Test and Iterate</strong>: Rebranding is a process, not a single event test designs, messages, and campaigns before full rollout.</li>
</ul>
<p>Rebranding is not merely cosmetic; it’s a strategic tool for relevance, growth, and connection. The brands that execute it successfully combine bold vision with careful execution, ensuring they resonate with both legacy customers and new audiences. Done right, rebranding can transform perception, inspire loyalty, and open new avenues for business growth.</p>
<p>&nbsp;</p>
<p><b>Read more on Crenov8:<span class="Apple-converted-space"> </span></b></p>
<p><a href="https://crenov8.com/blog/why-personal-branding-matters-in-the-digital-age/">Why Personal Branding Matters in the Digital Age</a></p>
<p><a href="https://crenov8.com/blog/the-power-of-consistency-how-to-build-a-cohesive-brand-identity/">The Power of Consistency: How to Build a Cohesive Brand Identity</a></p>
<p><a href="https://crenov8.com/blog/brand-storytelling-turning-customers-into-brand-advocates/">Brand Storytelling: Turning Customers into Brand Advocates</a></p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/rebranding-done-right-lessons-from-famous-brand-overhauls/">Rebranding Done Right: Lessons from Famous Brand Overhauls</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/rebranding-done-right-lessons-from-famous-brand-overhauls/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>How will Dubai Expo 2020 impact the UAE economy?</title>
		<link>https://crenov8.com/blog/how-dubai-expo-2020-will-impact-the-uae-economy/</link>
					<comments>https://crenov8.com/blog/how-dubai-expo-2020-will-impact-the-uae-economy/#respond</comments>
		
		<dc:creator><![CDATA[CRENOV8]]></dc:creator>
		<pubDate>Thu, 23 Sep 2021 01:30:02 +0000</pubDate>
				<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Dubai news]]></category>
		<category><![CDATA[Events]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[Sustainability]]></category>
		<category><![CDATA[business advisory]]></category>
		<category><![CDATA[Business management]]></category>
		<category><![CDATA[Creative Design agency]]></category>
		<category><![CDATA[Crenov8]]></category>
		<category><![CDATA[Digital marketing agency]]></category>
		<category><![CDATA[Digital Transformation]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai 2020]]></category>
		<category><![CDATA[Dubai EXPO 2020]]></category>
		<category><![CDATA[EXPO]]></category>
		<category><![CDATA[expo 2020]]></category>
		<category><![CDATA[Management consultancy company]]></category>
		<category><![CDATA[Management consulting company in Africa]]></category>
		<category><![CDATA[Management consulting company in Dubai]]></category>
		<category><![CDATA[Technology innovation]]></category>
		<category><![CDATA[The innovation company]]></category>
		<category><![CDATA[Top Innovation company in Africa]]></category>
		<category><![CDATA[Top Innovation company in Dubai]]></category>
		<category><![CDATA[Top Management company in Dubai]]></category>
		<category><![CDATA[United Arab Emirates]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=1233</guid>

					<description><![CDATA[<p>The Dubai Expo 2020 will welcome tourists from all around the world from October 1, 2021, to March 31, 2022, after being postponed due to COVID-19. The event would bring the entire world together in one location to imagine the future. Expo 2020 is a world exhibition that will take place in Dubai, the United [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/how-dubai-expo-2020-will-impact-the-uae-economy/">How will Dubai Expo 2020 impact the UAE economy?</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The Dubai <a href="https://www.expo2020dubai.com/en">Expo</a> 2020 will welcome tourists from all around the world from October 1, 2021, to March 31, 2022, after being postponed due to COVID-19.</p>
<p>The event would bring the entire world together in one location to imagine the future.</p>
<p>Expo 2020 is a world exhibition that will take place in Dubai, the United Arab Emirates in 2020.</p>
<p>Expo 2020 will be a worldwide event where countries will display their pavilions.</p>
<p>The event will be the first World Expo to be hosted in the Middle East. For six months, Dubai will be open to the entire world.</p>
<p>The expo will be a celebration of all cultures, encouraging cross-cultural collaboration and creativity.</p>
<p>Expo 2020&#8217;s theme is &#8220;Connecting minds, building the future,&#8221; which comprises three sub-levels: sustainability, mobility, and opportunity.</p>
<p>The event will serve as a global platform for investment, cross-border collaboration, and partnerships.</p>
<p>Expo 2020 Dubai will promote the UAE Vision 2021 by promoting tourism, boosting the development of innovative firms in the UAE, and enhancing the country&#8217;s international reputation as a business destination.</p>
<p>Businesses of all sizes will gain from exposure to new, global, and local – clients, partners, and investors at the global event. The Expo is a great way to break into new markets.</p>
<p>The goal of the Expo is to give people the ability to determine the future. This includes promoting social problem solutions through the Expo Live program and inspiring visitors with new ways to address problems and contribute to human progress.</p>
<p>The Expo will highlight how Dubai has grown from a sleepy hamlet to a worldwide hub for companies of all kinds and origins.</p>
<p>Expo 2020 will take place on a 4.38-square-kilometer location in Dubai&#8217;s South area, next to Al Maktoum International Airport and the Dubai and Abu Dhabi Cruise Terminals.</p>
<h4>Here are some of the economic impacts of the Dubai Expo 2020:</h4>
<p>New purchasers who have come to the UAE to witness the Expo are expected to show interest in the UAE real estate market.</p>
<p>EXPO 2020 in Dubai will mark a watershed moment in the history of international relations.</p>
<p>Effective trading connections to Asian and African markets will be built, allowing for increased re-export and export volumes.</p>
<p>The United Arab Emirates will gain an additional 25 million visitors thanks to Dubai.</p>
<p>Expo 2020 Dubai is projected to draw visitors from 192 nations around the globe.</p>
<p>300,000 additional jobs are estimated to be created as a result of Expo 2020.</p>
<p>Expo 2020 in Dubai is expected to bring in over US$23 billion.</p>
<p>The expo is estimated to bring in between $100 and $150 billion in foreign investment in Dubai and across the UAE.</p>
<p>Dubai&#8217;s economy is predicted to grow by $33 billion as a result of the Expo.</p>
<p><iframe title="The Greatest Global Gathering in History" width="500" height="281" src="https://www.youtube.com/embed/HqYE6l2IYaw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p>
<h4>Read more on Crenov8:</h4>
<p><a href="https://crenov8.com/blog/which-is-the-right-choice-of-free-zone-in-dubai-for-your-business/">Which is the right choice of free zone in Dubai for your business?</a></p>
<p><a href="https://crenov8.com/blog/why-invest-in-the-uae-series-business-setup-in-dubai/">Why Invest in the UAE Series – Business Setup in Dubai</a></p>
<p><a href="https://crenov8.com/blog/uae-business-scene-thrives-in-2020-despite-the-global-pandemic-crisis/">UAE Business scene thrives in 2020 despite the Global pandemic crisis</a></p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/how-dubai-expo-2020-will-impact-the-uae-economy/">How will Dubai Expo 2020 impact the UAE economy?</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/how-dubai-expo-2020-will-impact-the-uae-economy/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Business trends and forecasts for 2021</title>
		<link>https://crenov8.com/blog/business-trends-and-forecasts-for-2021/</link>
					<comments>https://crenov8.com/blog/business-trends-and-forecasts-for-2021/#respond</comments>
		
		<dc:creator><![CDATA[CRENOV8]]></dc:creator>
		<pubDate>Sun, 31 Jan 2021 23:22:37 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Business Advisory]]></category>
		<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[Market research]]></category>
		<category><![CDATA[Tips]]></category>
		<category><![CDATA[Artificial Intelligence]]></category>
		<category><![CDATA[Business prediction 2021]]></category>
		<category><![CDATA[Business trends 2021]]></category>
		<category><![CDATA[forecasts for 2021]]></category>
		<category><![CDATA[Global GDP]]></category>
		<category><![CDATA[social media advertising]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=672</guid>

					<description><![CDATA[<p>Here are five Business trends and forecasts for 2021 you should know about; • In 2021, social media advertising spending will increase by 15%, raising the total spent on social media advertising to $105 billion. • Global GDP is expected to grow by around 4.6% in 2021, following a 4.2% decrease in 2020. • Remote [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/business-trends-and-forecasts-for-2021/">Business trends and forecasts for 2021</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Here are five Business trends and forecasts for 2021 you should know about;</p>
<p>• In 2021, social media advertising spending will increase by 15%, raising the total spent on social media advertising to $105 billion.</p>
<p>• Global GDP is expected to grow by around 4.6% in 2021, following a 4.2% decrease in 2020.</p>
<p>• Remote work will increase to 300%</p>
<p>• Artificial intelligence will account for 30% of the net new revenue growth from industry-specific solutions.</p>
<p>• 9 out of 10 employees worldwide believe that companies should be involved in initiatives for diversity and inclusion.</p>
<p>&nbsp;</p>
<h4>Read more on Crenov8;</h4>
<p><a href="https://crenov8.com/blog/top-tech-trends-that-will-redefine-2021/">Tech trends that will redefine Business in 2021</a></p>
<p><a href="https://crenov8.com/blog/top-10-google-searches-in-2020/">Top 10 Google Searches in 2020</a></p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/business-trends-and-forecasts-for-2021/">Business trends and forecasts for 2021</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/business-trends-and-forecasts-for-2021/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>In order to boost its economy, UAE opens citizenship to foreigners</title>
		<link>https://crenov8.com/blog/in-order-to-boost-its-economy-uae-open-citizenship-to-foreigners/</link>
					<comments>https://crenov8.com/blog/in-order-to-boost-its-economy-uae-open-citizenship-to-foreigners/#respond</comments>
		
		<dc:creator><![CDATA[CRENOV8]]></dc:creator>
		<pubDate>Sun, 31 Jan 2021 23:12:49 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Dubai news]]></category>
		<category><![CDATA[Doing business in dubai]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[Dubai Investment]]></category>
		<category><![CDATA[dubai news]]></category>
		<category><![CDATA[Sheikh Mohammed Bin Rashid Al Maktoum]]></category>
		<category><![CDATA[UAE citizenship]]></category>
		<category><![CDATA[UAE passport]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=671</guid>

					<description><![CDATA[<p>The United Arab Emirates (UAE), the first Gulf Arab nation to formalize a mechanism aimed at giving foreign residents a greater stake in the economy. The UAE aims to give citizenship to a select group of foreigners.  Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum said: &#8220;The new directives aim to attract talents that contribute [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/in-order-to-boost-its-economy-uae-open-citizenship-to-foreigners/">In order to boost its economy, UAE opens citizenship to foreigners</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The United Arab Emirates (UAE), the first Gulf Arab nation to formalize a mechanism aimed at giving foreign residents a greater stake in the economy.</p>
<p>The UAE aims to give citizenship to a select group of foreigners.<span class="Apple-converted-space"> </span></p>
<p>Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum said:</p>
<p>&#8220;The new directives aim to attract talents that contribute to our journey of development.&#8221;<span class="Apple-converted-space"> </span></p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">The UAE cabinet, local Emiri courts &amp; executive councils will nominate those eligible for the citizenship under clear criteria set for each category. The law allows receivers of the UAE passport to keep their existing citizenship.</p>
<p>&mdash; HH Sheikh Mohammed (@HHShkMohd) <a href="https://twitter.com/HHShkMohd/status/1355426283505770498?ref_src=twsrc%5Etfw">January 30, 2021</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">We adopted law amendments that allow granting the UAE citizenship to investors, specialized talents &amp; professionals including scientists, doctors, engineers, artists, authors and their families. The new directives aim to attract talents that contribute to our development journey.</p>
<p>&mdash; HH Sheikh Mohammed (@HHShkMohd) <a href="https://twitter.com/HHShkMohd/status/1355426127951572994?ref_src=twsrc%5Etfw">January 30, 2021</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>However, the reforms would enable selected investors and professionals.</p>
<p>This will include scientists, doctors, engineers, artists, authors and their families, to be granted citizenship by the UAE.</p>
<p>Those eligible for citizenship will be nominated by the UAE cabinet, local courts and executive councils.</p>
<p>Although, conditions will be set for each category, he said.</p>
<p>The legislation would also allow UAE passport recipients to retain their current citizenship.<span class="Apple-converted-space"> </span></p>
<p>The requirements that must be met to obtain citizenship are, according to a statement released by the UAE state news agency WAM:</p>
<ul>
<li>A property in the UAE must be purchased by investors.<span class="Apple-converted-space"> </span></li>
<li>Doctors and specialists are expected to specialize in a particular scientific discipline or any other scientific principles which are highly important in the UAE.<span class="Apple-converted-space"> </span></li>
<li>Scientists are expected to be an active researcher in a private sector or university or research. center, with practical experience of not less than 10 years in the same field.</li>
<li>Pioneers in the fields of culture and art, and recipients of one or more foreign prizes, should be individuals with artistic abilities, such as intellectuals and musicians.</li>
<li>A letter of recommendation from relevant government agencies is compulsory as well.<span class="Apple-converted-space"> </span></li>
</ul>
<p>According to the statement, citizenship may be revoked upon violation of the terms.</p>
<p>It was not immediately clear if the full rights and benefits of people born in Emirati would be given to those who would be granted citizenship.</p>
<p>&nbsp;</p>
<h4>Read more on Crenov8;</h4>
<p><a href="https://crenov8.com/blog/after-last-months-record-breaking-diamond-tender-dmcc-will-host-six-more/">After last month’s record-breaking diamond tender, DMCC will host six more</a></p>
<p><a href="https://crenov8.com/blog/highlights-from-gitex-2020/">Highlights from GITEX 2020</a></p>
<p><a href="https://crenov8.com/blog/49-years-of-the-united-arab-emirates-a-7x7-fact-sheet/">49 Years of the United Arab Emirates: A 7×7 Fact Sheet</a></p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/in-order-to-boost-its-economy-uae-open-citizenship-to-foreigners/">In order to boost its economy, UAE opens citizenship to foreigners</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/in-order-to-boost-its-economy-uae-open-citizenship-to-foreigners/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Everything you need to know about the Economic Substance Regulations in the UAE</title>
		<link>https://crenov8.com/blog/everything-you-need-to-know-about-the-economic-substance-regulations-in-the-uae/</link>
					<comments>https://crenov8.com/blog/everything-you-need-to-know-about-the-economic-substance-regulations-in-the-uae/#respond</comments>
		
		<dc:creator><![CDATA[CRENOV8]]></dc:creator>
		<pubDate>Sun, 10 Jan 2021 07:21:18 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Business Advisory]]></category>
		<category><![CDATA[Business Consultancy]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Dubai news]]></category>
		<category><![CDATA[Insights]]></category>
		<category><![CDATA[Management Consulting]]></category>
		<category><![CDATA[Doing business in dubai]]></category>
		<category><![CDATA[Doing business in UAE]]></category>
		<category><![CDATA[Economic Substance Regulations]]></category>
		<category><![CDATA[Economic Substance Regulations UAE]]></category>
		<category><![CDATA[management consulting dubai]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=637</guid>

					<description><![CDATA[<p>The Economic Substance Regulations (ESR), supplemented by guidelines released on September 11, 2019, were issued by the United Arab Emirates Cabinet of Ministers.   However, the Economic Substance Regulations to applies to all entities engaged in a related operation in the UAE.   Including entities formed in free zones and financial free zones.   Also, In 2019, in [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/everything-you-need-to-know-about-the-economic-substance-regulations-in-the-uae/">Everything you need to know about the Economic Substance Regulations in the UAE</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><span class="nd-word">The </span><span class="nd-word">Economic </span><span class="nd-word">Substance </span><span class="nd-word">Regulations (ESR), </span><span class="nd-word">supplemented </span><span class="nd-word">by </span><span class="nd-word">guidelines </span><span class="nd-word">released </span><span class="nd-word">on </span><span class="nd-word">September </span><span class="nd-word">11, </span><span class="nd-word">2019, </span><span class="nd-word">were </span><span class="nd-word">issued </span><span class="nd-word">by </span><span class="nd-word">the </span><span class="nd-word">United </span><span class="nd-word">Arab </span><span class="nd-word">Emirates </span><span class="nd-word">Cabinet </span><span class="nd-word">of </span><span class="nd-word">Ministers.</span></div>
<div> </div>
<div><span class="nd-word">However, the Economic Substance Regulations </span><span class="nd-word">to </span><span class="nd-word">applies </span><span class="nd-word">to </span><span class="nd-word">all </span><span class="nd-word">entities </span><span class="nd-word">engaged </span><span class="nd-word">in </span><span class="nd-word">a </span><span class="nd-word">related </span><span class="nd-word">operation </span><span class="nd-word">in </span><span class="nd-word">the </span><span class="nd-word">UAE.</span></div>
<div> </div>
<div><span class="nd-word">I</span><span class="nd-word">ncluding </span><span class="nd-word">entities </span><span class="nd-word">formed </span><span class="nd-word">in </span><span class="nd-word">free </span><span class="nd-word">zones </span><span class="nd-word">and </span><span class="nd-word">financial </span><span class="nd-word">free </span><span class="nd-word">zones.</span></div>
<div> </div>
<div>Also, In 2019, in response to being blacklisted by the EU for tax purposes, the UAE Government adopted <a href="https://crenov8.com/blog/after-last-months-record-breaking-diamond-tender-dmcc-will-host-six-more/">After last month’s record-breaking diamond tender, DMCC will host six more</a>.</div>
<div> </div>
<div>An assessment of the UAE tax system by the EU Code of Conduct Committee on Business Taxation.</div>
<div> </div>
<div>The EU removed the UAE from the blacklist in late 2019.</div>
<div> </div>
<div>Some of the key objectives of the previous ESR is to ensure that UAE organizations are able to demonstrate an adequate economic presence.</div>
<div> </div>
<div>In relation to their activities and to disclose actual income in line with the economic activities carried out within the UAE.</div>
<div> </div>
<div>As part of the UAE&#8217;s commitment as a member of the OECD Inclusive Process, the UAE released ESR.</div>
<div> </div>
<div>Although, it was released on 30 April 2019 in response to an evaluation of the UAE&#8217;s tax framework by the European Union Code of Conduct Committee on Business Taxation.</div>
<div> </div>
<div>Guidance on the implementation of the Regulations was released on 11 September 2019 (Ministerial Decision No. 215 of 2019).</div>
<div> </div>
<div>Meanwhile, the Regulatory Authorities charged with implementing and executing the Regulations are specified in Cabinet Decision No. 58/2019 on the determination of regulatory competencies.</div>
<div> </div>
<h5><strong>Scope of the Regulations</strong></h5>
<div>Regulations were made by Resolution No. (57) of the Cabinet of Ministers of 2020 of 10 August 2020.</div>
<div> </div>
<div>Although, the revised Guidelines were released on 19 August 2020. (Ministerial Decision No. (100) of 2020.</div>
<div> </div>
<div> The Regulations require onshore and free zone UAE companies and certain other business forms that carry out any of the &#8216;Relevant Activities&#8217; specified below to maintain and demonstrate an adequate <span class="nd-word">&#8220;Economic </span><span class="nd-word">presence&#8221; </span><span class="nd-word">in </span><span class="nd-word">the </span><span class="nd-word">UAE </span><span class="nd-word">in </span><span class="nd-word">relation </span><span class="nd-word">to </span><span class="nd-word">the </span><span class="nd-word">activities </span><span class="nd-word">they </span><span class="nd-word">perform.</span></div>
<div> </div>
<div>
<div>Relevant Activities are:</div>
<div>
<ul>
<li>Banking Business</li>
<li>Insurance Business</li>
<li>Investment Fund management Business</li>
<li>Lease &#8211; Finance Business</li>
<li>Headquarters Business​​</li>
<li>Shipping Business</li>
<li>Holding Company Business </li>
<li>Intellectual property Business (“IP&#8221;)</li>
<li>Distribution and Service Centre Business​</li>
</ul>
<div class="first-sentence-half"><span class="nd-word">Any </span><span class="nd-word">business </span><span class="nd-word">or </span><span class="nd-word">organization </span><span class="nd-word">which </span><span class="nd-word">carries </span><span class="nd-word">out </span><span class="nd-word">one </span><span class="nd-word">or </span><span class="nd-word">more </span><span class="nd-word">of </span><span class="nd-word">the </span><span class="nd-word">related </span><span class="nd-word">activities </span><span class="nd-word">referred </span><span class="nd-word">to </span><span class="nd-word">above </span><span class="nd-word">shall </span><span class="nd-word">maintain </span><span class="nd-word">and </span><span class="nd-word">demonstrate </span><span class="nd-word">an </span><span class="nd-word">adequate </span><span class="nd-word">&#8220;economic </span><span class="nd-word">presence&#8221; </span><span class="nd-word">in </span><span class="nd-word">the </span><span class="nd-word">UAE </span><span class="nd-word">in </span><span class="nd-word">relation </span><span class="nd-word">to </span><span class="nd-word">the </span><span class="nd-word">activities </span><span class="nd-word">undertaken </span><span class="nd-word">by </span><span class="nd-word">it </span>(the Economic Substance Test).</div>
<div> </div>
<div>For financial years commencing on or from 1 January 2019, the Regulations apply.</div>
<div> </div>
<div>Entities within the scope of the Regulations are expected to send to their Regulatory Authority an annual Notification Form.</div>
<div> </div>
<div>More-also, to submit an Economic Substances Report to the same Regulatory Authority within 12 months of the end of their financial year, (e.g. 31 December 2020 for entities with a financial year ending 31 December 2019).</div>
</div>
</div>
<div> </div>
<h4>Read more on Crenov8;</h4>
<div><a href="https://crenov8.com/blog/in-order-to-boost-its-economy-uae-open-citizenship-to-foreigners/">In order to boost its economy, UAE opens citizenship to foreigners</a></div>
<div> </div>
<div><a href="https://crenov8.com/blog/after-last-months-record-breaking-diamond-tender-dmcc-will-host-six-more/">After last month’s record-breaking diamond tender, DMCC will host six more</a></div>
<div> </div>
<div>
<div>
<div> </div>
</div>
</div>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/everything-you-need-to-know-about-the-economic-substance-regulations-in-the-uae/">Everything you need to know about the Economic Substance Regulations in the UAE</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/everything-you-need-to-know-about-the-economic-substance-regulations-in-the-uae/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>After last month&#8217;s record-breaking diamond tender, DMCC will host six more</title>
		<link>https://crenov8.com/blog/after-last-months-record-breaking-diamond-tender-dmcc-will-host-six-more/</link>
					<comments>https://crenov8.com/blog/after-last-months-record-breaking-diamond-tender-dmcc-will-host-six-more/#respond</comments>
		
		<dc:creator><![CDATA[CRENOV8]]></dc:creator>
		<pubDate>Sat, 09 Jan 2021 12:31:14 +0000</pubDate>
				<category><![CDATA[Business Advisory]]></category>
		<category><![CDATA[Business Consultancy]]></category>
		<category><![CDATA[Business startup]]></category>
		<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Dubai news]]></category>
		<category><![CDATA[Management Consulting]]></category>
		<category><![CDATA[diamond industry]]></category>
		<category><![CDATA[diamond tenders]]></category>
		<category><![CDATA[DMCC]]></category>
		<category><![CDATA[Dubai Diamond Exchange.]]></category>
		<category><![CDATA[Dubai trade hub]]></category>
		<category><![CDATA[Israel Diamond Exchange]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=629</guid>

					<description><![CDATA[<p>In January, DMCC will host six diamond tenders at the largest diamond tendering facility in the world, the Dubai Diamond Exchange. This follows last month&#8217;s record-breaking tender, which saw the highest ever rough diamond tender sales in the UAE. In addition to the usual long-term hosts, Trans Atlantic Gems Sales (TAGS), Stargems, and Rapaport, three new [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/after-last-months-record-breaking-diamond-tender-dmcc-will-host-six-more/">After last month&#8217;s record-breaking diamond tender, DMCC will host six more</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="first-sentence-half"><span class="nd-word">In </span><span class="nd-word">January, </span><span class="nd-word">DMCC </span><span class="nd-word">will </span><span class="nd-word">host </span><span class="nd-word">six </span><span class="nd-word">diamond </span><span class="nd-word">tenders </span><span class="nd-word">at </span><span class="nd-word">the </span><span class="nd-word">largest </span><span class="nd-word">diamond </span><span class="nd-word">tendering </span><span class="nd-word">facility </span><span class="nd-word">in </span><span class="nd-word">the </span><span class="nd-word">world, </span><span class="nd-word">the </span><span class="nd-word">Dubai </span><span class="nd-word">Diamond </span><span class="nd-word">Exchange.</span></div>
<div></div>
<div class="first-sentence-half"><span class="nd-word">This </span><span class="nd-word">follows </span><span class="nd-word">last </span><span class="nd-word">month&#8217;s </span><span class="nd-word">record-breaking </span><span class="nd-word">tender, </span><span class="nd-word">which </span><span class="nd-word">saw </span><span class="nd-word">the </span><span class="nd-word">highest </span><span class="nd-word">ever </span><span class="nd-word">rough </span><span class="nd-word">diamond </span><span class="nd-word">tender </span><span class="nd-word">sales </span><span class="nd-word">in </span><span class="nd-word">the </span><span class="nd-word">UAE.</span></div>
<div></div>
<div>In addition to the usual long-term hosts, Trans Atlantic Gems Sales (TAGS), Stargems, and Rapaport, three new companies will host tenders &#8211; IHenning, KOIN International, and Choron / Bonas Party.</div>
<div></div>
<div>Also, a total of 379,912 carats of rough diamonds were sold in last month&#8217;s tender.</div>
<div></div>
<div>With prices at $87.47 million (Dh321.29 million) and 115 winning customers.</div>
<div></div>
<div>However, the tender was attended by over 250 companies.</div>
<div></div>
<div>And over 500 people flew to Dubai to participate in the event.</div>
<div></div>
<div>With delegates from India, Hong Kong, Russia, Israel, Belgium, and Lebanon.</div>
<div></div>
<div>
<div class="first-sentence-half"><span class="nd-word">With </span><span class="nd-word">direct </span><span class="nd-word">flights </span><span class="nd-word">to </span><span class="nd-word">the </span><span class="nd-word">leading </span><span class="nd-word">diamond </span><span class="nd-word">hubs, </span><span class="nd-word">Dubai </span><span class="nd-word">sits </span><span class="nd-word">at </span><span class="nd-word">the </span><span class="nd-word">crossroads </span><span class="nd-word">of </span><span class="nd-word">the </span><span class="nd-word">rough </span><span class="nd-word">diamond </span><span class="nd-word">trade.</span></div>
<div></div>
<div class="first-sentence-half"><span class="nd-word">The </span><span class="nd-word">recent </span><span class="nd-word">agreement </span><span class="nd-word">signed </span><span class="nd-word">between </span><span class="nd-word">DMCC </span><span class="nd-word">and </span><span class="nd-word">the </span><span class="nd-word">Israel </span><span class="nd-word">Diamond </span><span class="nd-word">Exchange, </span><span class="nd-word">the </span><span class="nd-word">company </span><span class="nd-word">said </span><span class="nd-word">in </span><span class="nd-word">a </span><span class="nd-word">statement, </span><span class="nd-word">is </span><span class="nd-word">expected </span><span class="nd-word">to </span><span class="nd-word">further </span><span class="nd-word">improve </span><span class="nd-word">regional </span><span class="nd-word">trade </span><span class="nd-word">and </span><span class="nd-word">help </span><span class="nd-word">the </span><span class="nd-word">development </span><span class="nd-word">of </span><span class="nd-word">the </span><span class="nd-word">global </span><span class="nd-word">diamond </span><span class="nd-word">industry.</span></div>
<div></div>
</div>
<h4>Read More on Crenov8;</h4>
<p><a href="https://crenov8.com/blog/everything-you-need-to-know-about-the-economic-substance-regulations-in-the-uae/">Everything you need to know about the Economic Substance Regulations in the UAE</a></p>
<p><a href="https://crenov8.com/blog/in-order-to-boost-its-economy-uae-open-citizenship-to-foreigners/">In order to boost its economy, UAE opens citizenship to foreigners</a></p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/after-last-months-record-breaking-diamond-tender-dmcc-will-host-six-more/">After last month&#8217;s record-breaking diamond tender, DMCC will host six more</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/after-last-months-record-breaking-diamond-tender-dmcc-will-host-six-more/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>The single biggest reason why start-ups succeed</title>
		<link>https://crenov8.com/blog/the-single-biggest-reason-why-start-ups-succeed/</link>
					<comments>https://crenov8.com/blog/the-single-biggest-reason-why-start-ups-succeed/#respond</comments>
		
		<dc:creator><![CDATA[Zainab Ujjaini]]></dc:creator>
		<pubDate>Wed, 19 Aug 2020 08:54:56 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Business Consultancy]]></category>
		<category><![CDATA[Business Entrepreneur]]></category>
		<category><![CDATA[Business startup]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Tips]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=420</guid>

					<description><![CDATA[<p>Start-ups as we know it are new businesses that enter the market with an ambition to grow and prosper beyond the solo founder, unlike entrepreneurship. Every business that is formed requires a new idea, something different than the existing market. However, as Bill Gross explains, an idea is not the only reason new businesses succeed [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/the-single-biggest-reason-why-start-ups-succeed/">The single biggest reason why start-ups succeed</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Start-ups as we know it are new businesses that enter the market with an ambition to grow and prosper beyond the solo founder, unlike entrepreneurship. Every business that is formed requires a new idea, something different than the existing market. However, as Bill Gross explains, an idea is not the only reason new businesses succeed or fail.</p>
<p>Start-ups have the potential to change the face of the global economy and have it thriving. The following insights have been studied by Bill Gross, founder of Idealab, which has founded more than 100 start-ups.</p>
<p>Let’s look at the 5 reasons he gives and what the single biggest reason is behind the success of a fresh company:</p>
<ol>
<li><strong>Timing</strong></li>
</ol>
<p>Timing builds the bridge between success and failure. Some ideas are beyond exceptional like that of video content and creating a video-sharing platform, however certain companies like Z.com failed because of poor timing, while YouTube barely had any of the other factors except for exceptional timing and we all know where it stands today.</p>
<ol start="2">
<li><strong>Team and execution</strong></li>
</ol>
<p>A good team will tell you where you go, the right people in the right positions can be your mirror. If there is no one to tell you about the strength and weaknesses of your company, chances are you will remain still. Building a good team is one of essentials to a successful start-up along with well-planned execution.</p>
<p><img loading="lazy" class="size-medium wp-image-422 aligncenter" src="https://crenov8.com/blog/wp-content/uploads/2020/08/k-1-300x210.jpg" alt="" width="300" height="210" srcset="https://crenov8.com/blog/wp-content/uploads/2020/08/k-1-300x210.jpg 300w, https://crenov8.com/blog/wp-content/uploads/2020/08/k-1-768x538.jpg 768w, https://crenov8.com/blog/wp-content/uploads/2020/08/k-1.jpg 917w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<ol start="3">
<li><strong>Idea</strong></li>
</ol>
<p>It’s a surprise how idea falls third in this category. This clearly doesn’t mean an idea is not essential but just that timing precedes them all. The idea definitely matters a lot but if not executed at the right time it could be fizzled. For example, YouTube was a great idea with no business model, but it was perfectly timed to reach these heights.</p>
<ol start="4">
<li><strong>Business model </strong></li>
</ol>
<p>Some companies/entrepreneurs never have a business model before starting a company and they still do exceptionally well. You can always build a model later on when consumer demand increases. So, it makes sense that its not one of the most crucial points in the success of a business.</p>
<ol start="5">
<li><strong>Funding </strong></li>
</ol>
<p>Finally, funding. In the initial stages of your business its acceptable if you are underfunded. According to figures, entrepreneurs can begin a business with merely $10,000 and that is not a very huge amount. In today’s modern age, its incredibly easy to receive intense funding especially for start up companies.</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/the-single-biggest-reason-why-start-ups-succeed/">The single biggest reason why start-ups succeed</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/the-single-biggest-reason-why-start-ups-succeed/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Which is the right choice of free zone in Dubai for your business?</title>
		<link>https://crenov8.com/blog/which-is-the-right-choice-of-free-zone-in-dubai-for-your-business/</link>
					<comments>https://crenov8.com/blog/which-is-the-right-choice-of-free-zone-in-dubai-for-your-business/#respond</comments>
		
		<dc:creator><![CDATA[Arjun radeesh]]></dc:creator>
		<pubDate>Mon, 13 Jul 2020 06:41:06 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Dubai news]]></category>
		<category><![CDATA[Tips]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=334</guid>

					<description><![CDATA[<p>Starting a business in Dubai gives a lot of confusions to business owners. Where should I start, what are the benefits, and which are the prominent locations for starting up, who can assist in terms of office space, talent acquisition, etc. Dubai is one of the best cities to start a business. Due to its [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/which-is-the-right-choice-of-free-zone-in-dubai-for-your-business/">Which is the right choice of free zone in Dubai for your business?</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Starting a business in Dubai gives a lot of confusions to business owners. Where should I start, what are the benefits, and which are the prominent locations for starting up, who can assist in terms of office space, talent acquisition, etc.</p>
<p>Dubai is one of the best cities to start a business. Due to its strategic location, top 10 in ease of doing business, a stable exchange rate, and an enormous number of free zones make it the right choice. Dubai mainly hosts 4 trade free zones, which are the biggest in the MENA region. Each free zone is competitive and provides a wide range of benefits to your startup/ organization. All free zones allow 100% foreign ownership. The following would provide more information:</p>
<ol>
<li><strong>Dubai Airport Free Zone (DAFZA) <img loading="lazy" class=" wp-image-356 aligncenter" src="https://crenov8.com/blog/wp-content/uploads/2020/07/dafza-1.jpg" alt="" width="938" height="528" srcset="https://crenov8.com/blog/wp-content/uploads/2020/07/dafza-1.jpg 960w, https://crenov8.com/blog/wp-content/uploads/2020/07/dafza-1-300x169.jpg 300w, https://crenov8.com/blog/wp-content/uploads/2020/07/dafza-1-768x432.jpg 768w" sizes="(max-width: 938px) 100vw, 938px" /></strong></li>
</ol>
<p>It is situated right next to Dubai International Airport, which connects Dubai to over 260 destinations globally. This place is home to 2500 companies with a dedicated cargo facility. DAFZA provides full licensing support and inclusive packages to setup business opportunities from finding furnished office spaces to providing various financial incentives. Suitable for all industries with a core focus on logistics and aviation.</p>
<ol start="2">
<li><strong>Jebel Ali Free Zone (JAFZA) <img loading="lazy" class=" wp-image-352 aligncenter" src="https://crenov8.com/blog/wp-content/uploads/2020/07/Jafza-1.jpg" alt="" width="931" height="620" srcset="https://crenov8.com/blog/wp-content/uploads/2020/07/Jafza-1.jpg 926w, https://crenov8.com/blog/wp-content/uploads/2020/07/Jafza-1-300x200.jpg 300w, https://crenov8.com/blog/wp-content/uploads/2020/07/Jafza-1-768x512.jpg 768w" sizes="(max-width: 931px) 100vw, 931px" /></strong></li>
</ol>
<p>Situated in the proximity of one of the world’s busiest seaport and the future airport of Dubai, JAFZA is the regions first established and second largest free zone. The state-of-the-art logistic facility is managed by the DP World, one of the world’s largest ports operator. JAFZA provides a wide range of licenses and services. Suitable for all industries with a core focus on manufacturing and logistics.</p>
<ol start="3">
<li><strong>Dubai Multi Commodities Center (DMCC)<img loading="lazy" class="aligncenter wp-image-338" src="https://crenov8.com/blog/wp-content/uploads/2020/07/DMCC-1024x535.jpg" alt="" width="931" height="487" srcset="https://crenov8.com/blog/wp-content/uploads/2020/07/DMCC-1024x535.jpg 1024w, https://crenov8.com/blog/wp-content/uploads/2020/07/DMCC-300x157.jpg 300w, https://crenov8.com/blog/wp-content/uploads/2020/07/DMCC-768x401.jpg 768w, https://crenov8.com/blog/wp-content/uploads/2020/07/DMCC.jpg 1280w" sizes="(max-width: 931px) 100vw, 931px" /></strong></li>
</ol>
<p>Home to 17,000 companies in Dubai, making it the most abundant free zone by the number of companies, DMCC holds the strategic position in the UAE Market. DMCC is the storage point of Dubai’s tea, coffee, gold, and diamond resources. DMCC holds leading brands such as Petronas, American Express, Swatch in their portfolio. With the modern infrastructure, sophisticated back-office handling and virtual office options make it one of a kind free zone startups choose to operate. Suitable for all industries, mainly services, SFO’s and commodities as the core focus.</p>
<ol start="4">
<li><strong>Dubai World Central (Dubai South) <img loading="lazy" class="aligncenter wp-image-353" src="https://crenov8.com/blog/wp-content/uploads/2020/07/DWCBusinessPark_0.jpg" alt="" width="931" height="640" srcset="https://crenov8.com/blog/wp-content/uploads/2020/07/DWCBusinessPark_0.jpg 800w, https://crenov8.com/blog/wp-content/uploads/2020/07/DWCBusinessPark_0-300x206.jpg 300w, https://crenov8.com/blog/wp-content/uploads/2020/07/DWCBusinessPark_0-768x528.jpg 768w" sizes="(max-width: 931px) 100vw, 931px" /></strong></li>
</ol>
<p>The future district of Dubai, home to World Expo 2020 stage and the place where the future’s largest international airport, Al Maktoum Airport (DWC) is situated. DWC has a strategic location of airport and seaport in less than the 5-kilometre radius. It has concentrated zones for various industries such as the logistics park, aerospace hub, commercial district, business park, humanitarian district. DWC also has direct access to the two wealthiest emirates Abu Dhabi and Dubai less than one-hour drive. DWC has an easy registration process compared to others. Suitable for Commodity Trading, service-oriented but the primary focus on logistics and aviation.</p>
<p>&nbsp;</p>
<p>Choosing the right locations plays a significant role in your business, so invest time into choosing the perfect location.</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/which-is-the-right-choice-of-free-zone-in-dubai-for-your-business/">Which is the right choice of free zone in Dubai for your business?</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/which-is-the-right-choice-of-free-zone-in-dubai-for-your-business/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>GETTING FUNDING IN THE UAE</title>
		<link>https://crenov8.com/blog/getting-funding-in-the-uae/</link>
					<comments>https://crenov8.com/blog/getting-funding-in-the-uae/#respond</comments>
		
		<dc:creator><![CDATA[CRENOV8]]></dc:creator>
		<pubDate>Wed, 15 Mar 2017 11:03:45 +0000</pubDate>
				<category><![CDATA[Business Consultancy]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Dubai news]]></category>
		<category><![CDATA[Angel List]]></category>
		<category><![CDATA[Carlyle Group]]></category>
		<category><![CDATA[Dubai Investment Forum]]></category>
		<category><![CDATA[Envestors]]></category>
		<category><![CDATA[START-UP]]></category>
		<category><![CDATA[Startup Central]]></category>
		<category><![CDATA[UAE]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=126</guid>

					<description><![CDATA[<p>4 WAYS TO GET FUNDING FOR YOUR START-UP With its reputation for promoting innovation and entrepreneurship, the United Arab Emirates is an enviable location to set up your business. But, setting up a business requires a substantial amount of funding. As a fresh business, you are considered a high-risk business and it’s difficult to get [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/getting-funding-in-the-uae/">GETTING FUNDING IN THE UAE</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>4 WAYS TO GET FUNDING FOR YOUR START-UP</strong></p>
<p align="justify">With its reputation for promoting innovation and entrepreneurship, the <strong><a href="https://crenov8.com/blog/tag/uae">United Arab Emirates</a></strong> is an enviable location to set up your business. But, setting up a business requires a substantial amount of funding. As a fresh business, you are considered a high-risk business and it’s difficult to get banks to invest in your world-wide. Hence, opportunities that make funding from equity lenders possible are important. By equity lenders, in this case, I am referring to Angel investors, incubator funding, venture capitalists and other private equity lenders. Ripe opportunities to connect such lenders in the UAE might just be another reason for you to consider setting up your business in the UAE.</p>
<p align="justify">There is an investor forum in Dubai that is held monthly. (See: <a href="http://www.dubaiinvestmentforum.ae/">Dubai Investment Forum</a>) The forum accepts six entrepreneurs each month and brings these entrepreneurs together with venture capitalists and angel investors. The six entrepreneurs pay a presentation fee to get a 30-minute block of time for a presentation in front of the investors. However, prior to the event, entrepreneurs get 6 1-hour sessions and it also facilitates private meetings with interested investors afterward (<a href="http://startupcentral.ae/forum-home/investors/116-how-to-find-investors-in-the-uae">Source: Startup Central</a>).</p>
<p align="justify">The emirate of Dubai also has a lot of accelerators and incubators. The number of accelerators ad incubators are even increasing. In most cases, if your application to an incubator in Dubai is accepted you receive some seed money, physical office space, mentorship, business development training and at least one demo day when the program is over. Many incubators can be found in Emirates Towers in Business Bay for example.</p>
<p align="justify">In addition to this, there are websites that provide full lists of angel investors in the UAE. Finding an investor to pitch your business to is as easy as visiting this link: <a href="https://angel.co/dubai/investors">Angel List</a>, and looking for investors that are interested in businesses like yours. You can select preferences; for example, you can choose to find investors who reside in Dubai and who are interested in Dubai. There are currently 5650 interested in investing in Dubai right now: [picture] By simply creating an account, you can connect with the Angel Investor who might be the right fit for your business. Another good source to consult for Angel Investors is the consulting company, <a href="http://www.envestors.ae/">Envestors</a>.</p>
<p align="justify">There are also a lot of local venture capital firms in the country. The biggest player in the region is probably the Carlyle Group (You can reach them at P +971 4 427 5600 or visit their webpage at <a href="https://www.carlyle.com/corporate-overview">Carlyle Group</a>). Getting in contact with any of these firms could help you find the funding you are looking for.</p>
<p align="justify">These investment opportunities are open for entrepreneurs who have set up in the UAE. It is important to note that the process of acquiring funding requires that you do the research that helps you find the best avenue to getting the funding you need to support your business.</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/getting-funding-in-the-uae/">GETTING FUNDING IN THE UAE</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/getting-funding-in-the-uae/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Setting up a Business in Dubai?</title>
		<link>https://crenov8.com/blog/setting-up-a-business-in-dubai/</link>
					<comments>https://crenov8.com/blog/setting-up-a-business-in-dubai/#respond</comments>
		
		<dc:creator><![CDATA[CRENOV8]]></dc:creator>
		<pubDate>Sun, 12 Mar 2017 10:51:26 +0000</pubDate>
				<category><![CDATA[Business Consultancy]]></category>
		<category><![CDATA[Dubai Business Setup]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Dubai]]></category>
		<guid isPermaLink="false">https://crenov8.com/blog/?p=121</guid>

					<description><![CDATA[<p>Four Important Issues To Consider First You’re an expatriate and you want to set up a business in Dubai. Where do you start? What are the legal procedures you should pass through? Where is the best location to set up your business? Do you set up in a free-zone or not? What are the Visa [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/setting-up-a-business-in-dubai/">Setting up a Business in Dubai?</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p align="justify"><strong>Four Important Issues To Consider First</strong></p>
<p align="justify">You’re an expatriate and you want to set up a business in Dubai. Where do you start? What are the legal procedures you should pass through? Where is the best location to set up your business? Do you set up in a free-zone or not? What are the Visa requirements for you as the owner of the business? Setting up a business in Dubai requires six procedures that on the average may take eight days to complete. However, prior to beginning the process, consider the following vital information:</p>
<p align="justify"><strong>Ownership:</strong></p>
<p align="justify">If you are looking to have 100% ownership of your company, then it has to be set up in a free zone. This rule does not apply to oil and gas companies with concession agreements, electricity companies, and companies into water treatment, transmission, and distribution.  There are 20 different free zones in Dubai, 46 in the United Arab Emirates (UAE). For a full list of them click on this <a href="http://gulfnews.com/guides/life/property-2.4546/45-free-zones-in-the-uae-find-the-right-one-for-your-new-business-1.1716197"><span class="s2">link</span></a>. Free zones are also good options because they offer ease in setting up businesses. However, if your business is not set up in a free zone, then it is advisable to set up a <a href="https://www.varaluae.com/company-formation-in-dubai/"><span class="s2">locally registered limited liability company</span></a> (LLC) for which a UAE national will need to have 51% partnership as a “local sponsor”. A sponsor must be paid a negotiable yearly fee and building a good relationship with your sponsor will be to your own advantage.</p>
<p align="justify"><strong>Licensing:</strong></p>
<p align="justify">In order to set up your business,  it must be licensed in the UAE. The <a href="http://www.uaetrade-usa.org/index.php?page=uae-economy&amp;cmsid=105"><span class="s2">type of business</span></a> you set up will determine the kind of license you will need. Under UAE law, there are five types of businesses that foreign entities can set up: a permanent establishment, a branch office, a civil company (limited to Sharjah and Dubai), a commercial agency agreement, or a UAE free zone entity. E</p>
<p align="justify"><strong>Taxes:</strong></p>
<p align="justify">There are no corporate taxes levied by the federal government on income or wealth of companies and individuals. However, there is an applicable duty levied by each municipality in each emirate at the issuance or renewal of a trade licence equal to 10% of the annual rent (offices and warehouses) and 5% of total salary remuneration to employees. Besides companies set up in free zones, a progressive tax is levied on companies that conduct trade or business through a permanent establishment situated in an Emirate (permanent establishment type of business). For further tax details, visit this <a href="https://en.portal.santandertrade.com/establish-overseas/united-arab-emirates/tax-system"><span class="s2">link</span></a>.</p>
<p align="justify"><strong>Visa Applications:</strong></p>
<p align="justify">If the business you wish to startup in Dubai is a local company, it will be important that the UAE national who is your sponsor applies for you as the investor of your business. For staff, the number of visas your business will be able to apply for will depend on the size and type specifications of the business. The application process is not too rigorous and it does not take a lot of time. Business is encouraged in the UAE so business owners are encouraged to come.</p>
<p align="justify">These are some of the basic regulations and laws you need to know to set up your business in the UAE. Some specific details must be dealt with during the process as well, such as finding the right free zone to accommodate your type of business and your proposed business size. It is also advisable to hire a business advisory firm to help set up your business as this will simplify the process.</p>
<p>The post <a rel="nofollow" href="https://crenov8.com/blog/setting-up-a-business-in-dubai/">Setting up a Business in Dubai?</a> appeared first on <a rel="nofollow" href="https://crenov8.com/blog">Blog</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://crenov8.com/blog/setting-up-a-business-in-dubai/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
	</channel>
</rss>
