Want to Know On How to Set-Up Business Company in UAE? #OFWTraveller

Want to Know On How to Set-Up Business Company in UAE? #OFWTraveller

Dubai is one of the most developed cities of United Arab Emirates (UAE) and has become a major tourist destination because of manmade islands, tallest building and amazing skyline. Dubai government has taken several measures to promote businessmen around the world and there are several companies who are successfully doing business in UAE. After winning Expo2020, Dubai is on the rise and many investors are interested in setting up companies in UAE.

In order to set up business in Dubai, one has to go through several legal procedures and the most important aspect is to choose a legal form. In UAE there are more than two ways to establish company, Limited Liability Company (LLC) and Free Zone Company. LLC is the most commonly used legal form for businesses in which foreign investor has to choose a local business partner. A local business partner must be UAE national and holds 51% shares of the company, but it doesn't mean that he is eligible to take all the company decision, he acts as a silent partner and the company owner has complete authority to run the company as he desired. A local business partner helps investor in performing several legal agreements and visa sponsorship. Now the next step is to register a trade name which can be done with Dubai Economic Department (DED).

There are several forms and legal documents required to register a company in Dubai, most foreign investors are unaware of the UAE laws because of which they often face difficulties in setting up company in UAE.

Now as far as Free Zone Company formation concerned, in Free Zone Company businessman can have 100% ownership and there are several Free Zone areas defined by UAE government. The major benefit of establishing company in Free Zone is that it's a Tax Free Zone, also rules and regulations for the business are different, then LLC Companies. Now all the legal matters are quite complicated for the people who don't have any understanding about UAE laws. Most foreign investors prefer to hire business consultants or acquire reliable PRO services for company formation service. Company formation in UAE requires great deal of expertise and experience that's why it is really important to choose a reliable business consultant that can fulfill your all the requirements.

Supreme Pro is one of the most reputed business consultancy based in Dubai, which is providing reliable PRO services to various companies. If you are looking forward to set up business in UAE, you consult them as they are capable for providing various services such as LLC and Free Zone company formation, visa services, business solutions and DEWA services.

Resurgence of Middle East: A Hope for Hospitality Industry #OFWTraveller

Resurgence of Middle East: A Hope for Hospitality Industry #OFWTraveller

The Middle East bore the wrath of the global economic meltdown in 2008 and political instability of the Arab Spring in 2011. Interesting, it is now making a strong comeback on the travel and tourism front. Several international researches have suggested that the region, known for its numerous tourism sites is set to re-emerge as one of the most favored travel destination in the next couple of years.

The current room supply in the region in 1, 16,000 rooms, and is expected to grow by 162 %. Around 19,000 rooms are expected to enter the market in 2013. (2013 Middle East Hotel Survey by HVS)

A survey by The Global Futures and Foresight found that the region is ready to spend $3 trillion in leisure and tourism industry over the next 20 years.

The region is also expected to have 200 new hotels along with 100,000 additional rooms by the end of 2020.

Some of the key cities likely to attract visitors to this region are

*Jeddha, who is riding high on the back of a strong corporate travel base along with strong domestic leisure and religious tourism as well.

*Riyadh is expected to add nearly 5,300 new rooms in 2013 and 2014 as major international hotel companies are betting big on this city.

*Makkah is also in the race as tourist numbers to this city are expected to grow by 6% to 8% over the next two to three years.

*The revamped Prince Mohammed bin Abdul-Aziz international airport in Madinah is expected to handle 8 million passengers annually.

*Al Khobbar/Dammam will have an additional 1200 hotel rooms by 2014.

These indicators are rich enough to project a positive road map for the overall tourism and travel industry in the Middle East region. Several global hotel brands have aggressive expansion plans in the region which will also fuel growth.

If you are a hotel in the Middle East, where tourism and travel industry is getting ready to jettison, a good hotel software is what can help you capitalize on the foreseeable future. A robust hotel software should help you automate processes, allow you greater visibility into the hotel functioning and reduce the pressure on your staff.

Today, guests too are getting technology savvy, thus having hotel software that responds to their needs is important. A growing number of potential guests research their stay online; locate hotels, view pictures and then book rooms. Besides strong hotel software, ensure you have interfaces to a web booking engine and GDS as well. This ensures you reach a wider audience and grow the occupancy at your hotel.

If you are looking for quality hotel software that can help you meet the changing technology needs of your region and enhance profitability, IDS NEXT could well be your answer. We are a 25 year old hospitality technology provider and have 3200 customers world-wide including a large presence in the Middle East. Some of the countries we are present in, include UAE, Saudi Arabia, Oman, Qatar, Bahrain, and several others.

Source: IDS Softwares Pvt. Ltd. IDS NEXT, is a global leader in providing ERP and total technology solutions for the Hospitality and Leisure industries.