Obtaining a trade license in Dubai

There are quite a few requirements in the Company Law that foreign investors who hold an interest in establishing a business in Dubai need to pay attention to. Without giving due consideration to these requirements, there is no way you will be able to establish your business. Apart from that, they should also consider the business license required for them to be able to operate their business. Choosing the license that is right for you and fulfills the requirements of your business model is extremely important. The different licenses available for foreign investors are inclusive of:

  • Industrial license
  • Professional license
  • Trade license or commercial license

A trade license is what you need

One of the most important steps to take to establish your business is to get a trade license in Dubai. The most commonly issued business permit in UAE is the trade license. Also known as the commercial license, it is meant to designate the extent of activities that a business can perform all through the UAE. For the record, this license is going to be issued by Dubai’s Department of Economic Development (DED).

If you are interested in obtaining a trade license for your company in Dubai, it is necessary for you to initially decide a trade name for your business. Next, you need to prepare a Memorandum and file it with the DED for approval purposes along with the Articles of Association and file it with the DED for initial approval. To prove the registered address of your business, it is also necessary for you to have a rental agreement with you.

Documents required to acquire a trade license

As per the experts at Crosslink.ae, companies need to submit a few documents to the Trade License and Commercial Registration departments. This is basically meant to help them acquire a trade license. A few of these documents include:

  • Original and copies of statutory company documents
  • Tenancy agreement
  • Details of all shareholders
  • DED letter with company name approval
  • Letter issued by the DED with attestation of approval for setting up the business
  • Standard application form that is duly filled out and signed by the legal representatives of the company

As long as your documents are in place, properly attested and duly filled out, there is no reason why you should face any problem as such in acquiring a trade license in Dubai. Once you acquire your trade license, getting started with the operations of your business within the Emirates should not be a problem at all for you.

8 French Colloquial Terms and Expressions with Arabic Influence

Did you know that some French slang expressions have Arabic influences? You’ll hear most of them from French millennials. We’ve listed some of them below.

  1. “Je kiff cette meuf!”

This phrase is usually said to express interest to a certain woman. In English, it translates to “I’m deeply attracted to her” or “I really love/like this girl.” Kiff, the Arabic term which means “to enjoy” or “a state of happiness,” is used by some French millennials to replace the terms ‘like’ and ‘love.’ In Arab countries, the term Kiff is also used to describe the mix of tobacco and hashish.  On the other hand, the term “meuf” came from “une meuf” which is a French term for woman.

  1. Chouf!

This Arabic word warns someone “lookout” or tells someone “to see” something. French millennials use this term for the same meaning.

  1. Khey / Kho / Khoya

These words mean “my brother” in Arabic. In French slang, they mean “bro” or “dude.”

  1. “Oh la hchouma!”

In English, this phrase translates to “This is embarrassing!” The word “hchouma” came from the Arabic word “hechma” which means embarrassing.

  1. J’ai trop le seum.

In Arabic, “seum” means” venom.” French men adopted the term and used it to express disgust or sadness. The phrase means “I’m so annoyed,” or “I’m so sad.”

  1. Salut, sahbi!

The Arabic word “sahib” means “my friend.” In French slang, it somewhat means “my homie.” If we will use French context, this phrase translates to “Hi, my homie.”

  1. Le maboul!

“Maboul” was derived from the Arabic word “mahbūl” which means “crazy.” In French, this phrase is said as an insult. It means “a loony” or “a crackpot.”

  1. J’ai pas bezef d’ argent.

The French slang “bezef” came from the Arabic word “bezzaf” which means “a lot.” However, in French, the term is often used negatively. They use it as “not much” or “not many.” The phrase above means “I don’t have a lot of money.”

Not all of us are language experts. If you are looking for that French translation Dubai residents prefer, search no more. We are a translation company in Dubai offering an extensive range of solutions for all your linguistic needs. Get in touch with us and let us know all your requirements. Regardless of the scope, complexity, and depth of your requirement, we are sure that you can count on our certified professional translators. Visit frontlinetranslation.com today!

 

Make Both Traditional & Digital Marketing Methods Work for You

Marketing is the process of getting consumers to notice and remember your brand and products or services. It involves a combination of strategies that are designed to attract your audience, make them realise the value of your product or service offerings, and ultimately make a purchase or enlist your services.

Marketing experts use a variety of platforms to form their message and get this across. And this is where traditional and digital marketing methods come in. Forming a marketing strategy depends on several factors, such as the niche of your business, financial resources, and the objectives of your campaign. However, marketing experts agree that businesses should leverage a mix of traditional and digital marketing methods to realise the best results.

  • Social Media – Approximately 2.34 billion people use social media networks worldwide. The number is expected to soar to nearly 3 billion by 2020, meaning about one-third of the world’s population will have social media accounts by then. Plus, using social media for marketing is extremely cost-effective – creating an account and a page is free, and you only need to pay for occasional advertisements, but the potential reach and customer engagement you can harness through social media is massive.
  • Television – TV remains to be the channel with the widest reach, though the internet is fast catching up. In 2012, TV had a potential reach of 283 million, while the internet has 211 million. However, when it comes to cost, TV advertisements are significantly more expensive, whereas the internet, as mentioned above, only requires minimal cost, even if you hire a social media manager. If you can afford it, leverage both TV and social media channels to guarantee maximum exposure for your business and brand. Make sure to align your TV and digital marketing strategy to create ripples in your industry.
  • SMS – SMS marketing is considered a non-internet digital marketing strategy and is one of the most widely used channels in the world. At present, 6 billion people out of the world’s current population of 7 billion own mobile phones, making SMS marketing one of the most effective forms of marketing. With a wide reach and high response rate, it makes sense for businesses to invest in SMS marketing. Learn more about its advantages through this website.
  • E-mail – As of 2015, studies show that 1 out of 3 people across the globe have an e-mail address, and 53 percent of people worldwide check their emails via smartphones. E-mail marketing presents valuable opportunity for businesses. However, businesses should ensure their e-mail ads are not spammy as these might only end up in the Trash folder.
  • Print – Flyers, brochures, tarpaulins, and billboard ads are the most favoured types of print ads today as these generate the most responses from consumers. Flyers can especially trigger positive responses from consumers when they come with a special offer. However, the cost of print ads is significant and the returns are not accurately measurable.

 

Simple everyday hacks to grow your financial wealth

When it comes to growing your wealth, there is often the presumption that you need to have extensive knowledge of financial instruments, confusing graphs, and financial markets in order to succeed. But that isn’t always the case. You can begin growing your wealth by doing simple lifehacks that allow you to build your bank account bit by bit.

  1. Money is a resource, treat it as such

A lot of people have a skewed perception when it comes to money. Often, people consider money as the ‘objective’ instead of the ‘tool’, forgetting that it is merely the resource that you use to obtain what you want. One of the keys to increasing your wealth is changing your perspective of money – from seeing it as a ‘goal’ to seeing it as a ‘resource.’ When you view money as the goal, there will always be the danger of being a slave to it, consumed by greed and the desire to want more of it. When you think of money as a resource to enjoy something, like a dream vacation or a business you have long planned on establishing, you are more likely to make rational financial decisions.

  1. Set your priorities

What is it that you really want – to look wealthy or to be wealthy? Due to the cultural phenomenon that is social media, more and more people are wanting to appear wealthy amongst their peers – just for the likes. Dining at posh restaurants – just for the likes. Going on luxury cruises – just for the likes. If you want to be truly wealthy, and not just appear wealthy, understand your priorities. You don’t need wealth management software to tell you where you need to be allocating your money. Simple everyday decisions such as putting a portion of your monthly salary into a savings account instead of treating yourself to a luxurious spa could help you grow your wealth over time.

  1. Expand your horizons

You can’t expect to have more if you can’t offer more. If you want to increase your wealth, first you must increase your value. For example, instead of spending your idle time binge watching a television series or playing video games, try to enhance yourself and build your knowledge bank. If you have time to spend on the weekends, you can take up online courses or learn something new. Your personal time is a resource that should be utilised efficiently. You can listen to audiobooks while on your commute or in the shower. You can also explore new means of building your wealth, such as foreign exchange trading. To learn more about that, visit maxmarginfx.com today.

Tips in Buying Real Estate in the UAE

The UAE real estate market has gone through some challenges recently, experiencing drops in sale prices and rental rates in 2016. This decline has been attributed to reduced demand for accommodation. However, analysts are saying that the market is likely to see an uptick in 2017, as developers look to accelerate their construction projects in time for Expo 2020. This presents a unique opportunity for real estate investors to grow their portfolio. At the same time, it opens a door for new investors to penetrate the real estate market, while the prices are low. If you are looking to make a real estate investment in the UAE this 2017, here are a few tips you could use to help you make the smart financial choice.

  1. Location, Location, Location

When investing in real estate, location is one of the most important factors for you to consider. The location of a property can have a significant impact on the growth of its value in the long term. Check the quality of the neighbourhood, the surrounding facilities, if there are good schools nearby, the availability of modern necessities, and the like. A property in a good location is likely to grow in value as demand starts to pick up.

One old adage that still works today is this: buy the worst house in the best street. This allows you to build your equity over time, thus growing the value of your investment. If you pick a good location, prices in your market will increase over time, without any effort on your part. However, if you want to actively build your equity, you can do so by investing in improvements that increase the value of the property. There are numerous ways to do this, including improving the energy efficiency of the property and developing its landscape. another way to build equity is to keep the property in excellent condition through regular upkeep.

  1. Credit Report Check

If it is your first time investing in real estate, you will likely need a real estate loan from the bank. Thus, it is important to have an immaculate credit report before you take the plunge and invest in real estate. If you have red marks on your credit report that are errors in reporting, then it is best to have them addressed immediately. On the other hand, if you have legitimate red marks on your report, then you must improve your standing before you apply for a loan.

Banks are more apprehensive towards lending a loan for a home that is not your private residence as compared to a home loan for property that you will be living in.

If you are in need of legal advice from a real estate lawyer for your upcoming real estate investment, go to this website today.

7 Ways to Keep Track of your Business Expenses

Running a business can be stressful, no matter what size it is. But you know what is even more stressful? Making sure that you are on top of your business expenditure. This is dissuading people from starting their own business.

But you don’t have to be a math genius to be on top of your business expenses. By arming yourself with the right knowledge and discipline, tracking your business accounting can be less daunting.

  1. Set up your bank accounts

Yes, you read it right. Opening several accounts for your business can be an advantage. As the old adage goes, do not put all your eggs in one basket. Set up a bank account for savings and another one for other expenditures. You can put a percentage of your business income into the expenditures account and deposit the rest in your savings account. Be sure to activate its online settings so you can transfer money electronically if needed.

  1. Do not mix personal expenses with business

The downfall of most businesses is they use business funds for personal matters. This can cause financial instability. As much as possible, keep your hands off your business income. It will save you not only from going through a horrendous accounting mix up, but also from potential bankruptcy.

  1. Keep track of your business expenses

This can be a handful since you have to list down every business-related purchase or expense. But once you get the hang of it, it can be pretty useful to you.  You can see what purchases take up majority of your business income and you can come up with a plan to cut corners. Be diligent in reporting any expenses to your finance officer or accountant. If you are handling your business on your own, create a internal system.

  1. Invest on a good payroll system

If you have a couple of people working under you, it can pretty stressful during payday if you don’t have a payroll system. A payroll system makes it easier for you to compute and allocate the salaries of your employees and lessen human errors on computations. Get one that suits your business needs. There are free payroll software platforms that you can use if you don’t have the budget for it.

  1. Be mindful of your calendar

Some business owners pay a hefty price for forgetting the tax month. Penalties usually cost more than you think. Be sure to set reminders so you will know when to prepare your tax papers and when to pay your suppliers.