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Category: Business Service

Challenges in establishing & running a business in Dubai

Although establishing a business in Dubai is not too hard anymore, the fact of the matter is that running one can prove to be rather difficult in the long run. If anything, it definitely tends to pose a lot of challenges with the passage of time. For this reason, it is best for you to acquire detailed knowledge about the basic culture of the emirate before you opt for starting a business in Dubai.

To help you figure things out, here’s a look into a few challenges that you might come across over time when running your business in Dubai:

They have a different style of communication

The fact of the matter is that every single country in this world tends to have its own style of communication. If anything, it can differ even from region to region. This is something that you might find a bit challenging when you run your business here. For instance, when you communicate with people here, you will notice that there are various meanings of basic terms like yes and no and these meanings vary greatly from what is perceived in other parts of the world. Also, there are distinct levels of directness and formality in Dubai and this is also something that you might find hard to get used to.

Pay attention to religious customs

While we acknowledge that UAE happens to be one of the most modern states that we know of right now, the fact is that it is the center of Emirati culture and society at large. The religion followed in Dubai is Islam and if anything, it plays an immense role in the everyday lives of the people here. This also holds true for the professional world. This is why it will be necessary for you to learn at least he basis of Islamic customs and figure out how these may impact your business ties.

Hierarchy – look into it

Another extremely important concept that you should learn about before choosing to establish your business in Dubai is that of hierarchy. See, the title and position that a person holds in society is given utmost importance by the people living in the Emirates. Just about every single business running in the UAE has a top-down hierarchy, which shows that a single person gets to make important business decisions. Visit CrossLink.AE for more information in this regard.

Category: Business Service

Why people opt for an offshore company formation?

Mortals are not aware completely about the best option they have! It’s right there in their but they don’t pay attention to it. It’s the option of an offshore company.

Not aware of the uncountable benefits

Individuals are not aware regarding the benefits they can avail from an offshore company. Because of the uncountable benefits now those who know about the offshore company take so much interest in opening their own company in a foreign country. There are so many foreigners who have opened their companies in ras al khaimah free zone. So, now you can see so, many people prefer having an offshore company.

People don’t like to pay tax!

The most amazing benefit which you get from opening an offshore company is that you don’t need to pay tax; if that country imposes tax then it’s always really minimal.

It’s not only about the tax but off-course several fat ors re there, for which people go for an offshore company formation. You have to provide fewer documents and there will be no such formalities.

There are so many perks of an offshore company which one can avail, less documentation, reduced taxes makes it easy for people to operate in foreign countries.

Simplified reporting system

People often get fed up of the reporting system in their native country. The one who runs the company doesn’t need to reveal the information to others; he is not answerable to any authority there. The most amazing benefit which people get by opening an offshore company is that their assets get secured and they are not answerable to anyone in the country.

Your information is safe!

One of the most important reasons for which people opt for an offshore company is that the name of underlying capital doesn’t get revealed. They keep it out of the documentation.

Why an offshore company is the best option?

In RAK offshore company formation is an amazing option to go for because it is considered as one of the best free trade zone. It is so easy to register a company in RAK and get a license for it. They don’t even ask for so much documentation, you can say that it’s a friendly zone for all those who are willing to establish their offshore company. It’s just that you need to complete the procedure appropriately and once you are done with it, you are all set to start the operations.

Category: Business Service

Why Having a Human Resource Management System is Important

Handling and managing employees can be tough, that is why Human Resource professionals are always finding themselves hopeless most of the time. They need to handle recruitment, employee engagement and solve employee-related dilemmas to prevent employee attrition rate from increasing.

 

And having a tool to help manage all aspect of human resources will definitely make life easier, a human resource management system that would handle the technical part of the job.  Luckily, there are human resource management solutions for HR professionals that can be availed and being offered by top notch vendors and providers. If you are still hesitating on getting one, these factors might help you:

 

 

  1. Helps with recruitment

 

Pooling in people is a difficult task as you need to get the right candidates. Doing it old school might still works but with the help of HR solutions tools, you can easily set the parameters for applicants and candidates. Recruiters can easily plot out strategies for recruitment and measure the success of their campaign. They can also see on what aspect they can improve in terms of pooling in applicants.

 

  1. Identify talent gaps

 

Talent gap is one of the oldest issues in recruitment and sometimes, this can go unnoticed. This can result to poor team performance and employees inefficiency.  But having an HR software solution can help resolve this issue by identifying gaps by profiling existing positions and skills required for each post.

 

  1. Manage employee training

 

Employee trainings are facilitated by Human Resource Department and part of their key performance indicator. More often than not, the HR department plot out all trainings to the year and this can daunting. But with an HR tool, human resource professional can identify the trainings needed to enhance efficiency among employees. This can be done by conducting employee surveys using the system along with focus group discussions.

 

  1. Helps on round-the-clock tracking of HR activities

 

Employee engagement is critical for companies. It is already proven that disengaged employees find themselves seeking companies who has excellent company culture and providing unique activities. More often than not, the human resource department is put in-charge of these activities – from planning to execution. The end result of these activities can determine how success the HR department is. With a proper tracking tool, HR can identify which of the activities they conducted are effective for the employees through feedback forms sent by the system.

 

  1. Tracking performance of team members

 

It is important to identify employee’s performance so the company can reward outstanding performers and help those who are lagging behind. This can be done manual, but with the help of an HR tool like the ones that seidormena.com offers. They can measure performance of each worker, track their improvement and see what areas can be improved.

Category: Business Service

Starting a Business? Here’s How You Can Reduce Your Costs!

Are you thinking of expanding your business now that it’s starting to take off? One of the biggest areas you need to address is having an office. An office space gives your business a dedicated professional space where you can meet with clients, house all of your staff, and conduct your daily operations.

However, leasing an entire office space is quite a significant investment. If your business is just starting and you cannot afford to shoulder this huge and long-term investment, you can look for and try these two flexible office solutions instead.

 

  • Serviced office – Serviced offices do not require a long-term contract. This gives you the flexibility to upgrade your office to a large space, without having to wait for your contract to end. On the other hand, if you need to downsize or completely give up your office space, you can freely do so because you are not tied to a contract. Serviced offices in Abu Dhabi offer features that you only pay for when you use them. This means you get to maximise every service, and you don’t have to pay for add-ons that you really don’t use most of the time.

    Serviced offices also provide you the manpower you need, but cannot afford to spend on at the moment. They have receptionists who can welcome your clients and guests, and who can answer and transfer your incoming calls. A serviced office is also regularly cleaned and maintained as part of the lease contract, so keeping your office looking professional is one less thing to worry about.

    Most contracts for serviced offices include a monthly billing scheme. This includes the services you used, and no extra charges.

  • Conference/meeting rooms – If you need a space to meet with your teams, or to discuss contracts and services with clients, you can book a conference or meeting room on an hourly basis. As with the serviced office, this gives you the flexibility to pay for something only when you use it.

    Let’s face it. Meeting and conference rooms in Dubai are not always in use. With these flexible arrangements, you can save on costs, which you can use to further develop your business. Meeting and conference rooms for lease are fully-equipped with LCDs, projectors, screens, and telephones, so you don’t have to worry about these or spend extra on them.

Category: Business Service

FEATURES YOU NEED TO SEE ON YOUR PROJECT MANAGEMENT TOOL

Managing a project can be tricky and a pain. With all things going on, project managers are finding it hard to track everything and sometimes are end up being blinded on their own projects.

To prevent or lessen possible delays and disasters on projects, there are project management tools that can help project managers on tracking the progress and performance of their team members. If you are currently on the look for a project management tool, here are some of the features that you should be looking into:

 

  1. Easy to Navigate

Project management tools are created to make life less complicated for project managers which is why the navigation should be easy enough to understand. Pick a tool that is user-friendly and quite easy to navigate. Remember that you will be sharing this tool with your team members so it should be simple and easy to learn. The dashboard should also be understandable enough for users.

 

  1. Visual Features

There are some projects that need real time visual aids to see the progress of the project. Contractors and builders are usually the ones who need this feature the most. VDC construction Australia team uses visualization model and 2D and 3D drawings to help the client to see the project visually.

 

  1. Security

Details about the project are sensitive and should only be given to the members of the team, which is why security is vital on choosing a project management tool.  Pick one that has a solid security features that would prevent possible hacking and unauthorized access from people who are not part of the group. It also should have a rigid backup features in case the system break down.

 

  1. Documentation

Documentation is a vital part of project management. Project managers need to know every detail of the project so they can identify which aspect should they focus on. A project management tool should have a very good documentation feature that allows project managers to go through each document. Construction project management Melbourne companies have document control function that gives the users control and access to MOM, site instructions and other necessary information related to the project.

 

  1. Cost

With regards to the cost, I would suggest to buy one that everyone can maximize. Project management tools can be expensive but you can see your money’s worth. Low cost project management tools have limitations and less features. If you get the paid one, you can be sure you can maximize its use and it will help you on managing your projects.