Recently finished competition Flying Colors has helped various new business setup Dubai - UAE that was able to participate and share their ideas and products. All products had the necessary certification and other documentation that proved their quality. The main award was to with flights with Emirates Airline with overall cost Dh 100,000 (EUR 23,965). This prize can be useful for different business trips that are necessary for international cooperation and other aspects. Additionally to that, in Flying Colors competition was also SME investors. They largely contribute to the growth of different new business setup Dubai - UAE and others. K&M Consultancy offers additional pro services Dubai and others to make the best result in everything that interests one another professionally.
2019 looks rather bleak for some of the local designers in the UAE. They don’t seem very positive about the local industry due to various reasons. K&M Consultancy wants to share some of them. One of the main holdbacks, especially for a business startup Dubai is lack of investment. A lot of people and even banks prefer to deal with a successful Dubai business setup. Customers also choose international brands not the local production even though it is very similar or cheaper. This trend is going on for some time. It is also challenging for domestic fashion industry workers to employ a large number of workers like it is in the case of international companies. That also makes a difference in manufacturing and other instances. As a contrary, according to the Dubai Design and Fashion Council (DDFC), there is a 6% increase in the fashion industry in 2019. That means that the future situation is not that bad as it seems for some of the designers. It is all about finding the possibilities and ways how to make a good outcome. K&M Consultancy can help anyone with specific information or insecurities to produce better results because every industry in the UAE has a potential and ability to stay competitive.
According to the data from MENA Research at Emirates NBD, the job and Dubai business setup situation is not increasing as rapidly as one might think. Especially quite time it was in December of the previous year. Although the statistics show that an increase in jobs and other aspects is not that big and is actually below average, many people still think that there is a possibility for greater activity in 2019 and upcoming years. Only a bit more than 5% of respondents think negatively about the development in different sectors. Besides, K&M Consultancy can help with certain pro services Dubai and others to make the most of every setting.
The rise is one new business setup Dubai - UAE that is an excellent example for organic farming and how to use it as a tool for business. It helps to bring together farmers and people who would love to buy healthy food. Becky, the founder of Ripe, comes from the UK. She noticed that in the UAE there is a lack of a retail outlet. In the UK there was a demand for that, so there wasn’t any doubt that also in the UAE there will be people interested in healthy food like tomatoes, cabbages, and everything else a farmer can grow on his or her land. Additionally, Becky’s husband was working on an agricultural project that allowed better to understand that it would be possible to have this kind of business startup Dubai. K&M Consultancy encourages others to start a business in Dubai in organic farming and other sectors as it is possible to get help and support whenever it is necessary.
This year Dubai's Department of Economic Development (DED) has come with a new 50% excellent reduction company setup in the UAE. With the use of new technology and data storage, everyone who applies to this reduction has a notification via SMS. But it has specific requirements, for example, this reducing applies only to the first fines of every year. At the same time, it can be a good encouragement for specific Dubai business setup and others to try and do their legal aspects. Furthermore, K&M Consultancy has the experience to help with other elements as our team offer tax consulting aspects and others to make it easier to make decisions and follow certain things that need further attention.
New business and property trends show that there is going to decrease in the property prices especially in the luxury areas in the UAE. One of them is Downtown Dubai. For some, it might seem as untamable, but it is possible to use this part especially when it is essential to attract people and make them interested. Examples of such Dubai business setup can be bars, fast-food restaurants, cinemas, and many others. With an exclusive location, it is essential to use the right opportunities. K&M Consultancy can further guide to use the advantage of specific tools like technologies. A boom is technologies makes not only easier to sign rent or to buy agreements but also finalize other formalities. In the UAE, Dubai company registration - UAE freezones is another excellent opportunity to lower the costs and have some more benefits from a professional formation in the UAE.
Investors in the UAE have a strong lining towards sustainability. That means that any new business setup Dubai - UAE and others can use this knowledge to use their help and interest. They want to make socially responsible investing. Based on a study, 86% of investors in the UAE consider that sustainable investing in more and more important in the UAE. However, their knowledge differs. The most diversified investors (74%) are from beginner level, and the least diversified are in the intermediate level. But the most lacking diversification (68%) are also among the intermediate level. Healthcare and data economy is a part of the thematic investment that certain investors still have interest. They are more inclined more to them than the global average. Some are also interested in income funds.
With the growth in economics and other aspects, any new business setup Dubai - UAE has a lot of possibilities to make good functionality in the long term. Logistics is one of the fields that has the highest growth – 3.8% per year on average in 2018. The situation looks perfect because the whole UAE region is like a hub for different logistics. Logistics and supply chain is highly likely to grow even more. Dubai’s airport is also a massive help for logistics and other sectors including transportation, tourism, and others. K&M Consultancy wants any Dubai business setup and others to get hooked on the ability to start in a specific field and become very well situation globally or locally. It also means the ability to adapt and compete with other companies to follow the time and advancement in a particular sector.
One of the main traits of the UAE region is globalization and diversity. K&M Consultancy already talked about diversification of certain areas like energy sector to accustom to the new situation. This kind of thinking brings advantages. Similarly, it is also with diversity for new business setup Dubai - UAE. It is a shift in the business management and other aspects when people were thinking locally and focusing on a small area. Nowadays with internet and other connection possibilities, it is way more competitive and brings the opportunity to find a replacement if some professional workforce is missing. However, it might be challenging for directors and managers as it requires to deal with different time zones, cultural differences, etc. that need additional knowledge and practice. K&M Consultancy can help with certain aspects to gain a better advantage with the multicultural environment and other elements like marketing, tax consulting services, event management. A global workforce in the UAE has a lot of potential and support from the government.
The UAE Central Bank shares new information about an increase in foreign currency assets. It is good news also for company setup in the UAE as it means that there is higher money flow. K&M Consultancy also highlights that it is not the only good impact – workers have more possibilities to have employment in different spheres. Non-oil sector is getting stronger. Some time ago, it wasn’t doing that good because the UAE highly relayed on oil. Now, these priorities have shifted due to the necessary diversification. Higher asset flow is also for banks. Furthermore, K&M Consultancy wants to offer professional help to make the best outcome for any company formation in Dubai or any other city in the UAE.