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Best Small Businesses in Dubai

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Small Businesses in Dubai

Dubai’s zero taxation policy, free trade agreements, and strategic business location make it the ideal spot for company formation. You can launch your small business in Dubai in the mainland region, in any of the free zones, or also an offshore establishment based on your business requirement and budget constraints.

The best part is that you don’t need to worry about hefty investments as incorporating a business in Dubai is affordable and offers several lucrative expansion opportunities. The business consultants at Shuraa guide you through all the steps involved in setting your dream venture in the UAE.

Here are 7 of the best small businesses in Dubai:

1. E-Commerce Business

E-commerce is on the rise, and online ventures continue to capture markets. Therefore, if you want to start a small business in Dubai, e-commerce is the way to go. It offers a low barrier to entry, sizable returns on your investments, and the opportunity to expand your venture on a global scale.

Investors willing to get into the e-commerce sector must apply for an online trading license by getting in touch with the concerned economic department. Once you have the e-commerce license, you need to launch an optimized e-biz website and list your offerings to score sales and conversions.

2. Beauty Salon

Launching a beauty salon in Dubai is a great opportunity to offer beautification and grooming services for both – men and women. All you need to do is finalize your business location, apply for a beauty salon license, find an affordable shop, and you’re done. The business experts at Shuraa take care of everything for you so you can focus on other growth-related activities.

Remember that you need to apply for external approval to Dubai Municipality’s Planning Section for opening your salon in the UAE. Salon owners also need to ensure that their shop meets the infrastructural requirements established by the government. This includes adequate lighting, a separation of 2.30 m between the vault and the floor, fireproofing, and a lot more.

3. Food Truck Business

Setting up a food truck business is an attractive proposition for new-age investors looking to incorporate a business in Dubai. All food truck ventures need to obtain HACCP’s (Hazard Analysis Critical Control Point) consent to launch such a venture. Moreover, you also need to choose the ideal location after figuring out the best eating spots in Dubai.

You don’t need to confine your thoughts to the mainland region as other business zones like Al Khawaneej, Al Qudra, and Jebel Ali also offer lucrative opportunities for a food truck venture. Furthermore, ensure that your food truck meets the dimensional and functional requirements laid down by the regulatory authorities. These include proper ventilation, heat handling capabilities, etc.

4. Advertising Agency

Small business that continues to grow exponentially is the advertising and marketing business. Today, brands understand the value of visibility and getting their name established in the marketplace. You achieve all of that and more when you collaborate with a professional advertising agency that takes care of your online and offline marketing needs.

Setting up an advertising firm in Dubai is straightforward and doesn’t consume much time when you follow the right steps. However, it becomes easier than ever when you connect with the business setup experts at Shuraa that do all the heavy lifting for you. Note that you can now enjoy complete ownership of your agency even in the mainland region.

5. Photography Business

Dubai Media City (DMC) and the Fujairah Creative Zone are the best business zones to get started with your photography venture. You need to obtain a professional freelance business license in the UAE to kickstart your journey as a photographer in this country. You can easily find professional-grade photography equipment in Dubai for all your business requirements.

The National Media Council regulates and monitors all photography-related activities. Therefore, you must obtain approval from this governing body to perform outdoor photography and photoshoots via aerial applications. It’s a lucrative business venture when you diversify your offerings, i.e., providing other services like editing, videography, etc.

6. Home-Based Cooking Venture

A home-based cooking venture doesn’t confine you to cooking foodstuff only. You can diversify your offerings by taking online/offline cooking classes, candy-making, food blogging, and a lot more. It’s a business that requires a low initial investment, and you can carry out the business activities from the comfort of your home.

You can also become a nutrition coach after completing your certification training in the UAE or try your hand at baking in parallel. Opportunities are endless, and everything depends on your zeal to succeed with a small business in Dubai. Simply apply for a business license by getting in touch with the concerned governing body.

7. Daycare / Child Care Services

Offering daycare services is a matter of huge responsibility. You assure the ward’s parents of their child’s safety and education routine while they’re working. It’s imperative to get the background checks done for all your employees and check whether they’ve completed the mandatory training required for child care services.

These include certification training on first-aid and other certified courses on child care. You also need to gather the required equipment for this business that includes toys, art supplies, and much more. You can get in touch with Shuraa’s legal advisors to know anything related to the child care business.

Launch Your Small Business in Dubai

Small businesses in Dubai continue to move towards financial stability, thanks to the business-friendly laws and a supportive government. You can also set up your dream venture here after understanding Dubai’s market, legal framework, and various business locations. We, at Shuraa Business Setup, handle all these activities for your benefit at affordable prices. Be it licensing, banking, documentation, translation work, or anything else – we got you covered.

Entertainment

TikTok Introduces TikTok Notes, a Photo-Sharing App Experiment in Australia and Canada

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TikTok Introduces TikTok Notes

TikTok is venturing into new territory with the introduction of TikTok Notes, a photo-sharing application that mirrors the traditional Instagram experience. Currently, in a trial phase in Australia and Canada, this new platform represents TikTok’s broader strategy to diversify its offerings and secure its user base against potential regulatory challenges in the United States.

“TikTok Notes is designed as a dedicated space for photo and text content, enriching the ways our community shares and connects,” TikTok announced on the social media platform X. The app encourages users to document life’s moments, from daily snapshots to creative expressions, in a format that emphasizes photo content over video.

The layout of TikTok Notes will be familiar to social media enthusiasts, featuring a dual-feed system similar to TikTok’s structure. Users will navigate through a “For You” feed for recommended content and a “Following” feed to keep up with users they are interested in. The posts, comprising single images or photo carousels accompanied by detailed captions, are reminiscent of the early days of Instagram before its shift towards video-centric content.

This development comes amid persistent rumors and hints found within TikTok’s code by reverse engineering experts. The move to launch a photo-centric app could be seen as a strategic hedge against the potential legal and regulatory battles TikTok faces in the U.S., offering a fallback that could help retain its audience should complications arise with its main platform.

Moreover, the timing of TikTok Notes’ introduction could not be more poignant. Many Instagram users have expressed dissatisfaction with recent changes to their platform’s reach and visibility. Instagram’s head, Adam Mosseri, has been active in addressing these concerns but has yet to quell the growing discontent among creators. This new app from TikTok might just offer those disaffected Instagram users a new home for their photo content, leveraging the current climate of frustration to draw users to its burgeoning service.

As TikTok continues to innovate and expand its ecosystem, TikTok Notes represents just the latest in its creative outreach efforts. While currently limited to Australia and Canada, the global TikTok community is keenly watching for signs of a broader rollout, particularly in markets like the United States, where the app’s future remains uncertain amidst ongoing debates over digital security and platform governance.

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Oil Market Turbulence: Navigating Red Sea Risks and Angola’s OPEC Exit

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Oil Market Turbulence

The international oil market is navigating through a turbulent phase, marked by two significant developments that underscore the interdependence of global politics and energy economics.

Escalating Tensions in the Red Sea Region

The Red Sea, a key global trade route, is witnessing a surge in security concerns. This is predominantly due to the Yemeni Houthi militant group targeting vessels in the area, claiming to support the Palestinian cause. These attacks have led to substantial disruptions in the Suez Canal, a vital waterway that facilitates approximately 12% of the world’s trade. As a result, shipping giants like Germany’s Hapag-Lloyd and Hong Kong’s OOCL have been compelled to reroute their vessels or suspend operations in the region.

The United States has responded by launching a multinational operation aimed at protecting commercial activities in the Red Sea. However, the Houthi militants show no signs of ceasing their assaults. Notably, these developments have not significantly impacted the overall oil supply, largely because most Middle Eastern crude oil is transported via the Strait of Hormuz.

Angola Opts Out of OPEC

In a move reflecting a strategic reassessment, Angola’s oil minister has declared the nation’s exit from the Organization of the Petroleum Exporting Countries (OPEC). This decision highlights Angola’s discontent with the organization’s policies, particularly the reduction in Angola’s oil output quota for 2024, decided by the OPEC+ group.

Angola’s exit is seen as a significant shift within OPEC, especially as it follows the earlier departures of Ecuador in 2020 and Qatar in 2019. This development occurs amid efforts by the Saudi-led producer group to garner support for deeper output cuts aimed at boosting oil prices.

A Confluence of Geopolitical Dynamics

These two developments bring to the forefront the intricate relationship between geopolitical tensions and the global energy landscape. They highlight how regional disturbances and strategic national decisions can have significant and immediate effects on global energy supplies and pricing mechanisms. As the world grapples with these challenges, the oil market continues to reflect the delicate balance of global politics and economics.

This situation serves as a reminder of the ongoing volatility in the oil markets and the need for constant vigilance and adaptability in response to both regional conflicts and significant policy shifts by nations. The global community, especially countries reliant on these oil routes and members of OPEC, will be closely monitoring these developments and their potential long-term impacts on the international energy sector.

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Unraveling the Financial Scams: The Elusive World of Ilya Kligman

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Ilya Kligman

In the annals of financial intrigue, few tales are as captivating and bewildering as that of Ilya Kligman, a former Russian banker allegedly embroiled in a web of complex financial scams. From orchestrating the withdrawal of funds from multiple banks to leaving a trail of embezzlement, Kligman’s enigmatic world has captured the attention of experts and authorities alike. This article embarks on an investigative journey to shed light on the intricacies of Ilya Kligman’s alleged financial scams and their profound impact on the banking industry.

The Genesis of Deception: Ilya Kligman’s Background

Ilya Kligman, once a promising figure in the banking sector, began his ascent with grand visions of prosperity and success. His ventures were characterized by innovation and ambition, which initially garnered him recognition and acclaim. However, as the winds of fortune shifted, so did the perception of Kligman’s operations.

The turning point came in 2016 when Arksbank, a financial institution under Kligman’s influence, faced the revocation of its banking license. Investigations revealed that the bank’s activities were centered on attracting public funds and investing them in questionable assets. Subsequently, the Moscow Arbitration Court declared the bank bankrupt, initiating bankruptcy proceedings and entrusting the role of bankruptcy manager to the Deposit Insurance Agency (DIA).

The Elaborate Schemes: Allegations Against Ilya Kligman

In the aftermath of Arksbank’s collapse, the spotlight turned sharply on Ilya Kligman, as allegations surfaced of his orchestration of vast financial scams. The DIA reported that Kligman was sued for an astronomical 55 billion rubles, and the Moscow Arbitration Court succeeded in recovering 40.5 billion rubles of losses from the former Arksbank beneficiary.

The DIA’s message pointed to Kligman’s alleged organization of the withdrawal of depositors’ funds and bank-owned securities, which formed the basis for the damages sought. Furthermore, Kligman was implicated in bankruptcy cases involving Inkarobank, UM-Bank, Nevsky Bank, and Agrosoyuz LLC, revealing the widespread reach of his alleged schemes.

The Heist: Unveiling the Tactics

The investigation into Kligman’s alleged financial scams exposed a complex array of tactics employed to facilitate the withdrawal of funds from various financial institutions. Reports suggest that Kligman and his associates, including Evgeny Urin, masterminded elaborate schemes to withdraw funds from banks like Arksbank, Agrosoyuz, Inkarobank, Gelendzhik Bank, Interkommerts Bank, Time Bank, and Antalbank.

These schemes involved fraudulent concession agreements and fictitious organizations, all intricately designed to channel vast sums of money into their hands. The scale of the alleged heist, totaling more than 150 billion rubles, was staggering and had far-reaching consequences on the financial landscape.

The Hunt for Justice: Ilya Kligman’s International Fugitive Status

As the scale and complexity of the financial scams came to light, Ilya Kligman found himself a man wanted by multiple law enforcement agencies worldwide. In 2016, he fled to Germany, making him an international fugitive sought for various financial crimes.

Despite efforts by authorities to track him down, Kligman’s whereabouts remained elusive, evading capture and leading to a global manhunt that continues to this day.

Impact on Public Trust and Financial Institutions

The reverberations of Ilya Kligman’s alleged financial scams were not confined to the banks and institutions directly involved. The collapse of Arksbank and the embezzlement of billions of rubles shook public trust in the banking sector and raised questions about the effectiveness of regulatory oversight.

As stakeholders grappled with the fallout, there were renewed calls for more stringent financial regulations and transparent mechanisms to protect depositors and investors from such fraudulent activities.

Conclusion: The Enigma Persists

The saga of Ilya Kligman’s alleged financial scams remains a captivating and unresolved enigma. As the investigation continues and the search for justice persists, financial experts and investigators find themselves immersed in a complex web of deceit, leaving no stone unturned in the pursuit of truth.

The case of Ilya Kligman serves as a poignant reminder of the risks posed by sophisticated financial scams and the critical importance of robust regulatory measures. While the world awaits the unraveling of this financial puzzle, the impact of his alleged schemes lingers, shaping the future of the banking industry and underscoring the necessity for vigilance and transparency in the world of finance.

Note: This article provides an in-depth exploration of the alleged financial scams involving Ilya Kligman. As the investigation is ongoing, further updates and developments may emerge.

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