How To Setup A Company in Dubai

For those who are interested to do business and setting up company in Dubai or UAE, you can actually set up a free zone or offshore company by contacting an authorized agent operating in the region. Authorized agent is going to be accountable for submitting all the necessary incorporation documents to the registrar. Thus, an applicant doesn’t required to be physically showing their face for the incorporation.

Register Offshore Company in UAE

If you are register for an offshore company in UAE, you will expect your company will be set up in just 24 hours; and if you are register for a free zone company, the set up time that required will be 2 to 3 weeks. The prepartion and delivery of your residence visa in the UAE will take about 2 to 3 weeks to process, and this is only applicable in combination of the set up of a free zone company in UAE.

UAE free zone company

As soon as you have your company setting up, you will be able to enjoy the business advantages that being offered by UAE. The UAE government is encouraging for foreign investment and for the potential investor, the UAE provides a tremendously advantageous business environment for them to conduct their business in the area. There are plenty of superb infrastructural facilities in conjunction with customized services and professional skills make the investors to enjoy a lot of business advantages in UAE. Any needs and request by customer tend to get fulfill in a very reasonable period of time.

Once a business is setting up in Dubai or UAE, the investor will be able to benefiting from these facilities and amenities.

Regulatory Benefits For Setting Up Company in UAE

- No quotas or trade barriers
- Simple import and export policies
- 100 percent business ownership in Free Zones
- Hassle free licensing procedures
- No restrictions on recruiting expatriates
- Liberal labor laws

Fiscal Benefits For Setting Up Company in UAE

- No control over foreign exchange
- 100 percent corporate tax and income exemptions
- Low Inflation
- 100 percent profit and capital repatriation
- Easy fund sourcing from International Banks and Financial Institutions
- Fully convertible and strong appreciating currency

Non-Resident Companies

Offshore Companies are companies that are incorporated away from legislation of the company’s principal operations. These sorts of companies in many cases are called non-resident companies, like UAE Shipping Holding and UAE Maritime Company, Property Holding or UAE Investment, UAE Consulting Service Company or International Trading. Offshore Companies tend to be quite flexible corporate institution regularly used for the purpose of global tax planning, and could be incorporated into a multitude of business arrangements. Asset protection, tax optimization and in complete confidence are simply some of the advantages that are attainable by an appropriate application of an offshore company. The tax-free business environment that offered by UAE, added with protected economic circumstances and also the Double Taxation Avoidance Agreements signed with 47 countries is unquestionably one of the best offshore areas for conducting business.

Free Zone Companies are companies that can be either an existing company, a new set up company, or a branch. These types of companies could be owned and operated 100 percent by international investor without any participation of local sponsor or partner. Generally the companies situated beyond the borders of allocated Free Zone area are required to own for at least 51 percent by a local UAE resident. When it comes to Ras Al Khaimah, you will find RAK Government will act as the local partner for international companies through their RAK Investment Authoritiy. This co-operation delivers the sound and safest combination for the setting up of an international company in the UAE.

For free zone companies, there are a lot of incentives that investors can get benefit from such as 50 years of corporate tax exemption, renewable concession, 100 percent foreign ownership, free of personal income tax, total freedom to repatriate income and capital, liberal currency policy, no bureaucratic red-tape, and no tax from import duties.

List of Dubai Head Hunters and Job Hunting Resources

Throughout previous month I have been considering the chance to work in Dubai and doing lots of research about the available sites to search for employment, online recruiting agencies and headhunters. In the beginning sight, it could appear easy, you will find several sites and several jobs, however when searching more thorough and begin reading through blogs and reviews, you’ll most likely find different things.

You are going to find that a number of this sites are scams, most of them charge you upfront by promising to ‘send your CV’ to the right companies and also the key headhunters in Dubai. You have to pay and you know what, you are definitely right, they are doing nothing after. Many others might really do the things they promise, but you will get the identical degree of service from other free and more recognized sites. So why you need to pay for something that actually you can get for free?

After a month of research and having used several job websites, here’s my opinion on them.*

* DISCLAIMER: I’m am not affiliated in any way to any recruiting company, job portal or Headhunter. The thought shared here are just from my personal experience. Any recommendation is based just on my opinion and nothing else.

Job portals in Dubai that I would NOT recommend

www.jobsindubai.com
This one I tried it myself. After requiring an upfront fee they literally did nothing at all. I kept logging into the website and the same jobs kept appearing over and over, no new jobs were added on a daily basis. Some of the jobpostings seemed fake to me. I didn’t get a single answer, not even a general or an automated response, from any of the applications I did.

www.teleportmyjob.com
I signed, but didn’t pay and I kept receiving calls and e-mails for weeks. They offer the same service as the other job portals: “Tailor” your CV to UAE standards (costing more than US$ 250) and sending it to key recruiters and headhunters.

www.dubaijobs.net
Seems exactly the same as the other two described… haven’t tried it but honestly, I wouldn’t run the risk.

Recommended websites to look for a job in Dubai

www.bayt.com
Good portal. Nice layout, updated regularly with real job postings. It’s free (as all should be !) and the matching and search systems work pretty well.

www.monstergulf.com
We all know Monster right so why comment any further. The only thing I could add is that in this case, Monstergulf doesn’t seem to be the market leader, and therefore not to many job postings as in other countries. Websites like Bayt.com seem to have more traffic, more jobs and

www.jobtrackme.com
The website is not so well designed. Looks a bit old and has huge scrolls but when talking about the most important thing, it has it: real and regularly updated job postings.

Other Job resources to look for a job in Dubai

I haven’t tried these ones but some might worth a try… Here’s the list
www.careermideast.com
www.firstselectinternational.com/ae
www.jobs123.com
www.uaestaffing.com
business.maktoob.com
www.naukrigulf.com

Rating of the TOP 20 Recruitment Agencies in Dubai

Bayt – Rating: 4.92
Work Circle – Rating: 4.87
BAC Middle East – Rating: 4.69
Hill McGlynn Dubai- Rating: 4.34
harterhouse Partnership UAE- Rating: 4.18
Clarendon Parker (Middle-East)- Rating: 4.10
ACR World International Search- Rating: 4.08
iQ Selection – Rating: 4.01
Executive Solutions UAE – Rating: 3.96
SineWave HR Consultancy – Rating: 3.92
Edge Executive Business Consultancy FZE – Rating: 3.88
Gulf Connexions – Rating: 3.86
Bin Eid Services – Rating: 3.82
Domino Recruitment & Consultancy – Rating: 3.79
Options Group International (UAE) – Rating: 3.72
SOS recruitment Consultants – Rating: 3.65
Jobs Middle East – Rating: 3.58
Kershaw Leonard- Rating: 3.52
JobTrack – Rating: 3.47
Nadia Middle East – Rating: 3.44

List of Dubai’s Headhunters: email address and website URL

Finally the list of Dubai Headhunters/Human Resource Consultants in Dubai.
(You can have access to the full article and Excel compilation on Jobs in Dubai by following this blog MBA Internet Marketing Manager)

Top 20 Reasons You Should Not Stay in Dubai

Staying in Dubai may not seem to be a pleasant thing for most people all around the world would have think about. Overlook about what you have study, observed, and noticed; those luxurious buildings and artificial islands are all just smoke and mirrors. There are so many things been wrong with Dubai that I have decided to come out with a list that you should read first before getting yourself moving to Dubai.

1. You will find that there is no standard address system implemented there and this caused delivering mail to the door not possible. In fact, it makes many thing become impossible. The taxi driver who been there for only two days, and having learned English from aged Beatles albums has no clue where your home is. He will not going to tell you of course, he’ll just keep calling and saying, “Okay, okay. Yeah, yeah.” When you buy something that requires delivery they don’t have an tackle line, but a box where you’re expected to pull a map. Not able to draw a map? Clarify like this: I live about the road following the airport road, but prior to the roundabout. Go before you reach the mosque and make a U-turn.

2. The federal government blocks all websites that it deems “offensive” towards the “religious, moral, and cultural values” of the UAE. That is hard to swallow for a freedom loving American, but I get it. I do not realize, nevertheless, why all VOIP entry and associated web sites are blocked. You’re welcome to call using the analog support supplied by the government-owned phone monopoly, however it will price you a whole lot more. So, in fact, your frequency of calls is going to be significantly diminished if you are able to manage them whatsoever. The federal government states VOIP is obstructed for security factors, however even the residents of communist China and North Korea have enter to these inexpensive calls.

3. It is really hot outside. Not Florida in July warm; Hot as if you were locked in a car in Florida in July with sufficient humidity to make it feel as though you are drowning. Hot as in 120 levels with nearly 100% humidity. Do not look towards the wind for relief. This may be the equivalent of pointing a hairdryer on full blast directly at your face. Pour dust-like sand on your head as you do this and also you get the picture.

4. You will find too little of trees, plants, and grass – or living creatures apart from us insane human beings. Do you actually see a bird pant? I have. In my viewpoint, human beings had been not meant to live in such a place. If we had been, there would be adequate drinking water and shade. The only real greenery close to are the roadside gardens planted by the federal government, who waters the hell out of these in the center with the day. Thanks a lot! Didn’t you say we need to cut straight down on our drinking water consumption simply because you’re unable to keep up using the need? I’ve an idea: let’s all move someplace where it is not 120 degrees outdoors.

5. This country prides by itself so much on its glitz and glamor that it set a picture of its 7-star hotel on the license plate. Yet, the public toilets with the king-of-bling Gold Souk district are holes within the ground without any toilet paper or soap. Hoses to rinse your nether areas, however, are provided. This causes inside a lot of water on the floor that you should stand on to pee. Try squatting without having touching something and maintaining your pants from touching something either. Oh yeah. It’s 120 degrees in there as well.

6. This nation encourages companies to employ people from other bad nations to come right here and work. They’ve them sign contracts which are a decade long when consider their passports. Even though taking passports is supposedly illegal, the federal government knows it happens and does nothing to enforce the law. These poor people are promised a particular pay, but the companies neglect to tell them they will be deducting their price of living from their paychecks, leaving them virtually penniless – that’s, when they choose to spend them. Businesses hold back again salaries for months at a time. Once the employees strike for their pay, they are jailed. Protesting is illegitimate, you see (apparently this law IS enforced).

These people will in no way make sufficient to purchase a ticket home as well as when they do, they do not have their passports. They stay crammed in portables with tons of others, in extremely unsanitary conditions. The kicker: they are constructing hotels that price more to remain in for one night than they will make within an entire year. Things are so poor that numerous laborers are willing to throw themselves in front of vehicles simply because their death would provide their loved ones affluence with the type of diya, blood money compensated to the victim’s loved ones as mandated by the federal government.

7. Things are very expensive here. I am sick of those who are saying that. I read the letters to the editor page with the paper and people say to individuals who complain about the cost of living increasing here, “Well, it’s cheaper than your native country or you would not be here.” The only point less expensive here is labor. Sure, you can hire a maid – but a bag of washed lettuce will cost you nearly $10.

8. There are visitors cameras everywhere. I consider this cheating. Where are the damn cops? I drove close to this town for weeks before I actually even saw a cop. Trust me, they require visitors cops here. People drive like idiots. It’s perfectly alright to change left in the right lane, but speeding even just a few of kilometers over will get you fined. These cameras are positioned strategically as you arrive down hills, or just as the rate restrict alterations. Before you understand it…BAM! Fined. Forget to pay the bill and your vehicle will be impounded..

9. The clothing some of these women put on makes no sense to me. I understand that as stuff like your religion you are required to dress in a specific way, but a black robe which is longer than your jeans and turtleneck and cover your head when it is 120 degrees outside? In the fitness center some women put on five layers of clothing…sweatpants and t-shits more than sweaters with headscarves. However the men’s clothing makes absolute feeling: white, airy, and nothing below but their skivvies.

10. People stare at you. I’m ill of getting stared at. I am stared at by males who’ve never seen a fair-skinned blue-eyed lady before, or who have and believe we are all prostitutes so it is okay to stare. They stare at me when I’m fully covered or with my husband, as well as follow me around. It’s past creepy and has brought me to tears on more than one occasion. The staring isn’t restricted to males, possibly. I am stared at angrily by female prostitutes who think I am running in on their territory by having a few drinks with my husband at the bar.

11. Prostitutes? Oh hell sure, you will find prostitutes. Tons of them. So, allow me get this straight, I can’t appear at a naked image of an individual on the web in the privacy of my home, but it is alright to go out in public and purchase a few for that evening?

12. Alcohol can only be sold in hotels and certain private clubs. A person must own a liquor license to consume in the privateness of their personal house. To get a liquor license you must get signed approval out of your boss, show a certain degree of salary that determines how much you are allowed to purchase, after which submit several mug shots (aka passport photos) for approval. Pay the fee and also the extra 30% taxes on each buy and you might drink in your house. Then once again, you are able to just pick up a couple of bottles in the airport duty free on your way in to the nation, but two is the max. Why not only drive out to Ajman wherever it’s a free-for-all and load up the SUV? It is easy sufficient, but crossing the Emirates with alcohol is illegal – particularly within the dry emirate of Sharjah, which just happens to just between Dubai and Ajman. Go figure.

13. Not only you need to get your boss’s approval to acquire a liquor license, but you should also get the company’s approval to rent property, have a telephone, or get satellite Television.

14. Back to the craziness about the roads: If I see a single child standing up and waving to me out the back again window whilst flying straight down the street at 160 kph…what happened to seat belts?

15. When will be the weekend again? Allow me get this straight: the weekend used to be Thursday and Friday, but no one took off all of Thursday, just a half evening truly. Now the federal government says Friday and Saturday would be the weekend, but some people only take off Friday, others nevertheless take a half day on Thursday, but some may just take a half evening on Saturday rather. Anyway you slice it, Sundays are workdays and small company could be accomplished Thursday through Saturday.

16. You will find couple of satellite tv operators:. The movie channels showing movies which are aged and outdated. Numerous of these went straight to video back to the States. Every sitcom that failed in the US may be bought and is played here. Old episodes of Knight Rider are advertised like it’s the coolest thing since sliced bread. The Television commercials are repeated so frequently that I’m established not to buy anything I see promoted on TV here just for the principle of it.

17. The roads are horribly created. Driving ten minutes out with the method to create a U-turn is not uncommon. People are not capable to give directions most with the time (keep in mind reason #1), and also the maps are little help because most have couple of road names on them, if any. Wherever is interchange four? You just have to hope you got on the freeway in the right location and start counting simply because they are not numbered. Miss it and you’ll likely wind up on the other side of town before you can turn around and go back.

18. Taxi drivers are dangerous and smell. Taxi drivers work really hard here to make a living simply because travel by taxi is nevertheless fairly inexpensive, even though the cost of living isn’t (see cause #7). Because of that you might have a driver that has had little sleep or even the time to shower themselve. Many of these drivers have just as much difficulty finding their way close to when you do, but add to this a third-world nation generating style and severe exhaustion and, well, remember to buckle up for safety.

19. Speeding is definitely an Emirati sport and Emirates Street is just an extension of the Dubai Autodrome. I know I keep mentioning the highways, but truly, a lot of the city’s problems are encompassed by the erratic and irrational behavior displayed on its streets. Visions of flashing lights on even flashier, limo-tinted SUVs haunt me as I merge on towards the highway. Nearby nations are somehow able to get the sun-protecting dark window tint denied to us lowly expats and use it to hide their faces because they tailgate you incessantly at unbelievably high speeds, their lights flickering on and off and horn blaring repeatedly. It doesn’t matter whether you are able to get over, or if doing so will be particularly harmful, they are just wanting to get you off the road to overtake you. Don’t even think about giving someone the finger; the offense could land you in jail. Tailgating is, unbelievably, legal.

20. Dubai is far from environmentally friendly. Actually wonder how harmful those artificial islands are doing to the sensitive ocean ecosystem? Coral reefs, sea grasses, and oyster beds that had been once living things of guarded marine lands lie choked under a barrage of dredged up sea sand. Think about the waste that occurs from erecting buildings on top of these sand monsters and from the people that occupy them coupled with using the shortage of an efficient recycling program and you have an environmental disaster in your hands. Couple to this more gas guzzling SUVs than fuel-efficient cars on the road and also the need for 24-hour powerful air-conditioning and its evident how the atmosphere is not higher on the priority record with the UAE.

So whilst I’m sure there are benefits to staying in Dubai, tax breaks, multi-cultural environments, and beautiful structures apart, reconsider your plans to move here if any of the above mentioned factors strikes a chord with you. Dubai is really a town caught in an identity crisis. Struggling somewhere in between its desire to be a playground for that rich and its adherence to traditional Islamic roots, rests a town that lacks adequate infrastructure to help its delusions of grandeur. Go to if you should, but leave quickly before you are sucked into its calamitous void.

What You Know About Dubai Population

According to the census conducted by the Statistics Centre of Dubai, the population of the emirate was 1,771,000 as of 2009, which included 1,370,000 males and 401,000 females. 78% are male and 22% female.

Dubai population is unusual in that the majority of its population of 1.37 million is comprised of expatriates. The vast majority are low income workers from the Indian subcontinent and the Philippines, although there are a significant number of professionals from Europe and Australasia.

Dubai Population Growth

Dubai population growth is currently around 6% and increasing, making the city one of the fastest growing urban areas in the world. As you can see from the statistics Dubai is very much a male society. The distortion is caused by the huge number of construction workers (read Indian males) currently in Dubai.

dubai population
The region covers 497.1 square miles (1,287.4 km2). The population density is 408.18/km2 – more than eight times that of the entire country. Dubai is the second most expensive city in the region, and 20th most expensive city in the world.

As of 1998, 17% of the population of the emirate was made up of UAE nationals. Approximately 85% of the expatriate population (and 71% of the emirate’s total population) was Asian, chiefly Indian (51%), Pakistani (16%), Bangladeshi (9%) and Filipino (2.5%). A quarter of the population however reportedly traces their origins to Iran.

In addition, 16% of the Dubai population (or 288,000 persons) living in collective labor accommodation were not identified by ethnicity or nationality, but were thought to be primarily Asian.[67] The median age in the emirate was about 27 years. The crude birth rate, as of 2005, was 13.6%, while the crude death rate was about 1%.

Although Arabic is the official language of Dubai, Persian , Chinese ,Urdu, Hindi, Malayalam, Bengali, Tamil, Tagalog, and other languages are spoken in Dubai. English is the lingua franca of the city and is very widely spoken by residents. Read more at wiki.

Dubai population is expected to see a decline of 3.6 percent this year, and its economy contract by 0.4 percent, according to a report published by financial services company Shuaa Capital. “The key construction and real estate sector continues to be a drag on growth in the emirate,” Mahdi Mattar, head of Research and chief economist at Shuaa Capital said in the report.

Dubai Population in 2010

However, the UAE Vision 2010 report expects GDP growth in the UAE to reach 2.5 percent in 2010, up from -3.5 percent last year. “This growth will largely be driven by strong projected real GDP growth of 4.1 percent in Abu Dhabi. The capital will benefit from a recovery in oil prices and output this year, as well as strong growth in the non-hydrocarbon sector, which will be supported by government investment and spending,” Mattar said.

The report also expects the UAE markets to record gains of around 20 to 25 percent in 2010.

Residents moving to Dubai from locations such as Abu Dhabi and Sharjah are the most likely reason for a 7.6 percent rise in the emirate’s population last year, an expert from real estate consultancy Jones Lang LaSalle (JLL) has claimed.

population in Dubai

“The major driver for this ‘Dubai Effect’ has been the reduction in residential rentals, which has resulted in Dubai becoming more competitive and therefore attractive for those working in the UAE,” JLL’s regional head of research Craig Plumb told Arabian Business on Tuesday.

“The other component of the ‘Dubai Effect’ is an increase in the number of households, as falling residential rentals are reducing the need for several households to share the same unit. The total demand for residential units is therefore increasing more rapidly than the overall population of Dubai.”

The JLL executive added that while the increase in demand was certainly good news for landlords, it was important to recognize that it is very dependent upon the level of rentals, with increased demand being driven largely by falling rental prices.

While Plumb welcomed the Dubai population growth data published by the Dubai Statistics Center on Monday, he called for a more detailed breakdown of the figures – such as information differentiating between locals and expats – which would allow for a greater level of analysis.

Jones Lang LaSalle has said it expects rentals to stabilize in some projects and locations in 2010, but that the overall level of residential rentals will decline further in 2010.

World’s First Gold Bar Vending Machine In UAE

2010

GOLD RUSH: The Gold To Go machine dispenses four different gold bars. (Getty Images - for illustrative purposes only)
The world’s very first gold bar vending device may be unveiled at Emirates Palace.

The Gold To visit machine, by itself included in 24-carat yellow metal, dispenses a single, five and 10 gram bars as well as a single ounce bars of yellow metal, the Nationwide reported on Thursday.

Six gold coins of varied weights and engraved with symbols of gold-producing nations Canada, Australia and South Africa, are also dispensed by the machine.

The world’s first yellow metal bar vending device may be unveiled at Emirates Palace.

The Gold To go machine, itself covered in 24-carat gold, dispenses a single, 5 and ten gram bars as nicely as one ounce bars of yellow metal, the Nationwide documented on Thursday.

6 yellow metal coins of varied weights and engraved with symbols of gold-producing nations Canada, Australia and South Africa, are also dispensed through the device.

About AED175 will buy a a single gram bar, AED760 a 5 gram bar and AED4,645 an ounce, the paper reports.

“It brings yellow metal to the public,” Thomas Geissler, the chief executive of Ex Oriente Lux AG, told the paper. “It demystifies it.”

He said the German-made vending machine may be the very first of its type in the globe.

Yellow metal To go is protected by a range of protection measures, such as anti-money laundering software. It also tracks the yellow metal cost on fluctuating markets with an inbuilt website that transmits the information each and every 10 seconds, and updates the price accordingly each and every 10 minutes.

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