Category: UAE Business News

  • District 2020: Expo takeaways for the smart entrepreneur

    District 2020: Expo takeaways for the smart entrepreneur

    Deemed as the ‘world’s greatest show’, Expo 2020 finally ended this March. Upon its completion, the Expo site will evolve to become District 2020, proposed as “a blueprint for a human-centric, sustainable smart city.” Reports state that this global fair has had a footfall of over 11 million visitors from over 200 countries, thus making it an unparalleled experience in ages.

    As of now, 85 emerging startups and small businesses from 27 countries are poised to set up shop in District 2020, an innovative ecosystem. Given the reach of the entire event, it is inevitable that new business ventures will start to emerge as a result. Therefore, we have compiled some key takeaways one needs to take from Expo 2020. 

    Key takeaways from Expo to make your District 2020 business unique 

    Creating a global business setup 

    Expo 2020 had numerous business opportunities to offer, providing innovators across the globe a chance to highlight their talents. Whether it is an established company, or a start-up, you will have access to promote your business on a global scale to a range of people. The promotion would extend to both potential investors as well as potential customers.

    Business owners can access the latest business development models in District 2020 and become part of the global commercial community.

    Forging meaningful connections 

    Business opportunities in District 2020 were augmented by Expo which connected potential investors and partners. So, people looking to startup their business in the UAE could utilise Expo’s exclusive ‘Business Matchmaking App’ and connect with relevant leads. The collective platform lets investors, businesspeople, entrepreneurs to come together for innovative business strategising.  

    Expo 2020 is not only a melting pot for cultures but also for business opportunities. Who would not want to grab the bull by the horns and build a lasting impact in the business world? 

    UAE is the business capital of the new world 

    People who want to set up their business in the UAE gain a significant foothold in countries of the Middle East, Southeast Asia, Africa, and Europe. With its tax friendly policies, convenient financing and investment laws, UAE has always been a haven for company formation opportunities.  

    UAE provides different zones (Mainland or Free Zone) suited to diverse industrial needs. Organisations across the world choose among these designated zones because they provide several benefits to boost business. Benefits include 100% repatriation of profits, low corporate tax, 100% foreign ownership and more. 

    Global innovations and modern industries 

    It is time to break away from outdated commercial practices and embrace the new and dynamic. Expo was a global showcase of some of the most outstanding innovations across over 190 countries. Entrepreneurs and companies presented cutting edge technology designed to change the course of modern commercial and industrial practices.  

    Entrepreneurs inspired by the plethora of ideas can apply them to their own business processes in District 2020. Expo offered strategic innovations to boost your company beyond expectations. 

    Become part of a reimagined global economy 

    Companies wanting to make their presence recognised should take advantage of the moment and integrate themselves into the economic landscape of Expo 2020. Set up your business in the newly established District 2020 in the Expo site. Benefits of the programme include visas and workspace for up to 2 years, access to special rates for service providers, funding opportunities, banking, and IT services. And this is just the tip of the iceberg.  

    Building your business inside out 

    Revamp your business. Aesthetic appeal is now a predominant factor in boosting company sales. It has been proven time and again that audiences gravitate towards services that have an established brand. This includes components such as your logo, your website, interface, your social media presence,  

    Brand awareness is now an expected aspect of corporate growth. Therefore, invest in your company’s design and see more people flock towards your services.  

    Partnerships and Collaborations 

    Expo 2020 was the perfect platform to create meaningful partnerships and engage in effective collaborations. One aspect to take away is that people looking to broaden their company in specific regions can do so from the convenience of an individual location. 

    Imagine a network of like-minded professionals, all in one place, collaborating and brainstorming to produce the next big idea. This is what you and your company can be in District 2020. 

    Creating a legacy 

    It is rare that events take place on such a grand scale. The amount of preparation, the planning and attention to detail is unparalleled. Therefore, people are going to remember Expo 2020 for ages, and they should remember your company as well.  

    Imagine the legacy you want your company to leave behind and its impact on future generations. How is the business performance going to make an impact on the global market? With steely determination and clear vision of the future, lay down the foundation of your company. 

    Expo takeaways come to life with Shuraa 

    Business is booming in the UAE, and this is the best time to form your company here. These key takeaways from Expo 2020 are there to make your company successful and enhance your growth. The experts at Shuraa Business Setup are experienced professionals who will make your dreams a reality. Get 100% ownership, avail tax benefits, get lifetime investor visa and several other advantages. Book an appointment with a dedicated corporate advisor today.  

    To get started and find out more, contact our expert consultants at +97144081900 or send a WhatsApp message on +971507775554. You can also drop in an email at enquiry@shuraa.com and get your queries answered in no time. 

  • Overview of the Dubai Virtual Asset Regulation Law

    Overview of the Dubai Virtual Asset Regulation Law

    The UAE has enacted its first law governing digital assets and established a regulatory agency for the sector.

    The Dubai Virtual Asset Regulation Law positions Dubai as a leader in emerging technologies such as cryptocurrency and blockchain. The Dubai Virtual Assets Regulatory Authority has been established to promote security and transparency for crypto investors.

    Tasks for Dubai Virtual Asset Authority

    • Organising, issuing, and trading of virtual assets and virtual tokens
    • Organising and authorising virtual asset service providers
    • Ensure the highest standards of protection for beneficiaries’ personal data
    • Organising the operation of VA platforms & portfolios
    • Monitor transactions and prevent virtual asset price manipulation

    The various activities are subject to the authorisation and control of the authority

    • Operating and managing virtual assets platforms
    • Exchanging services between one or more forms of virtual assets
    • Virtual asset custody and management services
    • Exchange services between virtual assets and currencies
    • Virtual asset transfer services
    • Virtual asset management services

    Meaning of Dubai Virtual Asset Regulation Law

    The Virtual Assets Law currently applies only in the emirate of Dubai, including most free zones such as the Dubai Multi Commodities Centre (DMCC).

    However, the law does not apply to the Dubai International Financial Centre (DIFC), which is governed by its own regulations under the Dubai Financial Services Authority (DFSA).

    The DFSA has announced plans to introduce its own cryptocurrency regulations for DIFC. Similarly, the Securities and Commodities Authority (SCA) is developing a regulatory framework for cryptocurrencies, which is expected to launch soon.

    The new crypto law in the UAE enables the offering and trading of cryptocurrencies such as Bitcoin and Litecoin. It also establishes a legal framework to protect investors and set international standards for crypto, virtual assets, and NFTs.

    The VARA framework is designed to foster collaboration, encourage innovation, and prioritise public protection.

    Free Zone Permitting Crypto Licensing

    Dubai World Trade Centre (DWTC)

    DWTC is a free zone dedicated to supporting emerging industries, including virtual assets, cryptocurrency, and blockchain. Established in 2015, it is centrally located in Dubai.

    DWTC is working with VARA to become a dedicated zone for regulated virtual asset businesses. The authority is also collaborating with VARA to launch the application process for regulated virtual asset business licenses.

    DWTC Authority is equipped to support the growth of the virtual assets ecosystem in Dubai. Many technology companies are choosing this free zone to establish their businesses, making it one of the first comprehensive zones and regulators for virtual assets and crypto.

    Set Up a Cryptocurrency Business in a Dubai Free Zone with Shuraa

    Setting up your business in a free zone for cryptocurrency will significantly boost and evolve your company. With Shuraa Business Setup, we can help you start a crypto business in the UAE and gain a free zone license at low costs.

    Registering your business in a free zone offers significant opportunities for both new and established cryptocurrency companies in Dubai. Shuraa can help your complete company registration within a week.

    Shuraa ensures a smooth company setup process. Our consultants will guide you through registration, regulatory requirements, license costs, and obtaining necessary approvals.

    To get started or learn more, contact our consultants at +97144081900 send a WhatsApp message to +971507775554, or email enquiry@shuraa.com. We will respond to your queries promptly.

  • Top Business Opportunities in Expo 2020 Dubai

    What is being deemed as the “world’s greatest show” is less than a month away. If you are still contemplating the business opportunities in Expo 2020 Dubai, here are the top reasons you should get your tickets right now! Whether you are planning to embark on your business venture or already own an enterprise or even a large multinational corporation, the international exhibition promises to offer significant opportunities and extraordinary experiences for all.

    What is the UAE Expo 2020 all about?

    Backed by World Expos Awarding body, Bureau International des Expositions, Expo 2020 Dubai is the Middle East’s first global exposition. It will begin on 1 October 2021 and continue for six months till 31 March 2022.

    One of the most lucrative business opportunities in Expo 2020 Dubai includes, connecting and collaborating with thousands of investors and potential partners. With the three primary themes of sustainability, mobility, and opportunity, the event’s primary objective is to bring international leaders and innovators for the “making of a new world”.

    Among the 200+ pavilions, representing 191 countries, are also some must-visit ones by event partners such as Emirates showcasing the future of commercial aviation.

    Moreover, you can witness more than 60 immersive experiences, including street festivals, parades, stage shows, and musical concerts, at the Expo every day and treat your taste buds to over 200 restaurants at the site.

    What can entrepreneurs expect?

    It is estimated that the international will bring together 25 million visitors under the theme of “Connecting Minds, Creating the Future”. Therefore, providing them with golden takeaways. Here’s what entrepreneurs can look forward to:

    Networking

    • Connect with local and global experts, partners, and investors at Dubai Exhibition Centre. Sprawling across 45,000 square meters, the state-of-the-art dedicated event venue will host several seminars, product launches, award ceremonies, tenders, and networking events.
    • Mingle with the right people through the Expo’s exclusive ‘Business Matchmaking App’.
    • Collaborate with suppliers and distributors at Emaar’s 2020 club and establish a strong network to grow your business in Dubai and abroad.

    Getting inspirations

    • Enhance your entrepreneurial skills by participating in events led by industry leaders and changemakers.
    • Not only big players, but startups and SMEs will also get a chance to explore ample business opportunities in Expo 2020 Dubai. It is an ideal platform to pitch your business proposal to potential investors. For instance, innovative ideas for supporting bus shelters with solar energy, household water conservation systems, plastic recycling methods and more.

    Targeting modern industries

    Man-made issues like rising populations and rapid globalisation have been adding more pressure to the world’s existing natural resources and resulting in serious matters such as oil war, global warming, and displacement of communities. This has made global leaders seek innovative and sustainable solutions. Therefore, emphasizing futuristic business sectors.

    Here are some of the modern industries both aspiring entrepreneurs and seasoned business owners can target during Expo 2020 Dubai:

    • Energy – Technologies providing alternatives to our dependency on natural resources such as e-transportation and eco fuels.
    • Wellness ­– Programmes catering to corporates, nutrition plans, solutions for health issues caused by sedentary urban lifestyle, out-of-the-box healing technologies such as neuro linguistic programming, hypnotherapy, Tai Chi, etc.
    • Infrastructure for sustainable cities and communities – Cautious real estate development such as quake-proof or portable houses in risky zones.
    • Social initiatives – Projects in tune with the United Nations’ Sustainable Developmental Goals such as solutions for sanitation, and digital education.
    • Agriculture – Boost food production to meet the rising demands.
    • Potable water generation – Several countries face severe water issues although more than 70% of the earth’s surface is covered in water. Enterprises that can help convert the same into potable water will, without a doubt, fair well.

    Visit the Expo 2020 Dubai portal to learn more on how you can gain by participating and even visiting the vibrant extravaganza.

    Read more: 25 Profitable Business Opportunities in Dubai for 2026

    How much are the tickets to Dubai Expo?

    Expo 2020 Dubai tickets are priced quite reasonably. The tickets can be directly booked via the Expo 2020 Dubai portal or through authorized resellers.

    Children and teens up to the age of 17, students, people of determination, and senior citizens aged 60 and above can visit the event for free.

    For other attendees, the ticket prices vary based on the number of days you want to visit. For a single day pass, you will have to pay AED 95. The one-month multi-entry ticket will cost AED 195, while a six-month season pass costs AED 495.

    Meanwhile, guests can also opt for a premium experience which not only includes unlimited entries for the entire period of the event, but also several other perks. These include five entries to the premium lounge, dedicated concierge and guided tours, complimentary access to the Expo B2B app, priority access to select business events and 20% discount of food and beverages. This will cost you AED 1,750. Among all available Expo 2020 Dubai tickets, this is perhaps the best way to explore business opportunities in Dubai.

    Get complimentary Expo 2020 Dubai tickets with Shuraa

    Here’s how you can explore Expo 2020 business opportunities. Shuraa Business Setup has devised an exclusive Dubai Mainland and free zone company formation packages to facilitate your Dubai company formation. Setup, network and grow your business with our customised corporate packages which include professional trade license, season pass for Expo 2020, five-day hotel stays, website domain and business emails. Be the 100% owner of your business and residency in the world’s second safest country.

    Get in touch with us on +97144081900 or send a WhatsApp message to +971507775554. You can also drop us an email info@shuraa.com