Your business is thriving and operating well. At this point many business owners have great ideas and dream to expand their business. Typically, business owners feel they can copy and paste what they did originally and everything will fall into place. After all it worked the first time. The question to really ask is your business ready for expansion, and are you?
Under Anti – Money Laundering Law (AML) in the United Arab Emirates this regulation requires banks, money exchange houses, finance companies, and any other professional advisory firms operating in the UAE to follow strict Know Your Customer (KYC) guidelines.
Many business councils offer great rates to non-members and discounted rates to its members. Networking is free, most of the time. Such events are filled with like-minded individuals, and if you go to the right events, it’s full of people that you can work with or learn from in some way.
Dubai’s successful bid for Expo 2020 led to the UAE Government budgeting $8bn worth of new projects. Further growth is being driven by new real estate and tourism investment.
Currently the UAE has no agreement on the disclosure and exchange of confidential information on offshore companies. Making the Emirates an attract ever-increasing place for investors wanting to register an offshore company in Dubai and other Free Economic Zones of UAE.
The key to motivating your team is knowing each individual member well. Once you know each team member you will know what makes them tick therefore you can adapt your leadership approach in order to get increased productivity.
Regardless of how much money your business is generating, it’s imperative to have a plan in place for cash flow issues. Therefore, if you encounter any cash flow problems, you will be able to follow a process and know exactly which business costs to reduce or remove.
Entrepreneurs and professionals benefit from Synergy Groups fast assistance on all aspects of corporate structuring and residency/employee matters. The company periodically review SOPs aiming to increase productivity, improve efficiency in order to deliver exceptional service and advice to clients.
All companies that are incorporated before 30 June 2017, the Cayman Islands government has set a one year extension in order to give existing companies the time to arrange and maintain all the information needed to complete the Register.
Penalties and fines can be imposed against companies and registered agents that fail to comply with their corresponding requirements under the Act or those which intentionally supply untruthful and dishonest information.