Menu
X

Monthly Archives: June 2018

image
1 year ago Newsroom

Take the next step in finding the right brand you been searching

Bahrain Franchise & Dine Expo presents a unique marketplace for Bahrain’s growing franchise industry and Small and Medium Entrepreneurs (SME’s). The objective of this event is to enable SME’s to explore various business prospects, gain knowledge & insights on the latest development and opportunities in the franchise industry regionally & globally.

The Dine section of the event is the only event of its kind in Kingdom of Bahrain that can offer your company a business platform to showcase your products and services to potential customers and business partners from the dining industry in just 2 days. The section promotes F&B trade enabling suppliers of F&B sector to showcase the tastes, trends and innovations that are shaping the future of food and beverage consumption worldwide.

The event will also provide exhibitors with the opportunity to showcase their brands and services in a professionally organized show and meet face-to-face with a highly-targeted audience of potential buyers, investor, franchisees, entrepreneurs, and industry professional to establish partnership and generate new business.

Take the next step in finding the right brand you’ve been searching! This event is your opportunity to meet with representatives from top franchise concepts who want to expand or develop in your country. Gather all the information you need to find the franchise that matches your skills and budget. Save hours of research time, compare opportunities and source valuable information a formal, no-pressure atmosphere.

This is a fabulous chance to accomplish a year’s worth of marketing, brand-building, networking and deal-signing. Bahrain Franchise & Dine Expo provides unlimited opportunities to find new business leads and showcase innovative products.

 

Should you need any further clarifications, kindly feel free to contact us?

 

image
1 year ago Newsroom

Why the UAE is turning to expats to boost growth

The United Arab Emirates is easing rules on the foreign ownership of companies as the country seeks to attract investment and boost an economy battered by lower oil prices.

Under the new rules, non-Emiratis will be able to control a company outright, and specialists in medical, scientific, research and technical fields as well as top students will be able to get a residency of up to 10 years.

Officials hope that the moves will attract new businesses to the country, driving future growth, and giving a much-needed boost to its real-estate market. Still, many questions remain about how exactly the new laws will work and the benefits they will bring. Here we try to answer some:

1. What’s changing?

Currently, expatriates who want to set up a business outside of a free zone have to partner with an Emirati or local entity. UAE citizens must own 51 percent of the joint venture and receive an annual fee or share of the profit. The changes will help start-ups and entrepreneurs set up businesses by cutting costs, according to Khaldoon Tabaza, founder of technology investment firm iMENA. The moves will boost growth by attracting more foreign direct investment, mainly into non-oil sectors, said Ehsan Khoman, head of Middle East and North African research at Mitsubishi UFJ Financial Group.

2. Why now?

A plunge in oil prices in 2014 squeezed Gulf countries’ budgets and spurred efforts to reform economies and become less dependent on crude. While prices have recovered and are now close to $80/bbl, nations are planning for a post-oil era. “The region as a whole has been grappling with this issue for many years, but when oil was at $100 a barrel for several years, there wasn’t that much need to attract foreign investment,” said Khatija Haque, head of MENA research at Emirates NBD. “Clearly, that has changed now.”

3. Are other Gulf countries making similar moves?

The UAE amendments follow similar changes in Qatar and Saudi Arabia. Qatar in August said it plans to introduce permanent residency to attract investors and some skilled workers amid a regional boycott. Saudi Arabia announced a plan for a green card-like program in 2016 to be implemented over five years and Oman is studying proposals for expatriates to set up a business without a local partner.

4. How will this impact property prices?

The moves are “very positive” for real estate, according to Ali Adou, head of asset management at Daman Investments. A downturn in the property market is lasting longer than expected. S&P Global Ratings said in February that it doesn’t expect a recovery before 2020, when Dubai hosts the World Expo. The new visa changes “will certainly mean a turnaround is on the cards, perhaps sooner than we first envisaged,” said Faisal Durrani, global head of research at Cluttons.

5. Is this the first step towards more taxes?

Many expatriates are drawn to the UAE – not only for its year-round sunshine – but also for tax-free salaries and low corporate tax. But things are changing. In January, the country introduced a 5 percent valued-added tax. “After years of austerity and economic slowdown, the emphasis in on supporting growth and providing a boost to the next phase of development,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “At this stage, it seems about supporting the economy.”

6. What’s been the initial reaction?

The changes could be a long-awaited trigger for investors looking at stocks in Dubai and Abu Dhabi, with the real-estate sector benefiting the most, according to investors and analysts. Real-estate and financial stocks represent almost 70 percent of Dubai’s main index, and about 65 percent of the gauge in Abu Dhabi. Emaar Properties and Damac Properties Dubai contributed the most to the increase of Dubai’s benchmark on Monday.

 

Source: Arabian Business 

image
1 year ago Newsroom

Chairman Dr. Khalid Alsharfa extends its appreciation to Bahrain SMEs

All set for the 2nd Edition of Bahrain Franchise and Dine Expo! MENAFA, lead by its Chairman Dr. Khalid Alsharfa extends its appreciation to Bahrain SMEs Development Society Board Member Mr. Ahmed Khalfan, and Capital Governorate’s Deputy Governor Mr. Hassan Al Madani, for gracing the Press Launch of Bahrain Franchise and Dine Expo 2018.

image
1 year ago Newsroom

UAE launches 10-year residency visas for investors, specialists

Investors can have 100 per cent ownership of their companies in the country.

Investors and specialists such as doctors and engineers will receive UAE residency visas valid for up to 10 years, it was announced on Sunday. The families of these categories of expatriates will also receive the same visa validity. Top performing students are also eligible for the 10-year residency visa scheme.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the decision after chairing a Cabinet meeting.

10-year residency visas; 100% foreign ownership

Taking to Twitter, Sheikh Mohammed also said global investors can have 100 per cent ownership of their companies in the country.

The system will grant investors and talents up to 10-year residency visas for specialists in medical, scientific, research and technical fields, as well as for all scientists and innovators, entrepreneurs and innovators as well as five-year residency visas for students studying in the UAE, and 10-year visas for exceptional students.

The aim is to make UAE an incubator for creators and a destination for investors.

Visa extension for students

The UAE Vice-President has directed the bodies concerned to implement the decisions by the end of the year. He has also directed them to review the current residence visa scheme to extend the duration of the visa validity of dependents after they complete their university studies “to ease up their future residence in the UAE”.

This will give them the opportunity to study their practical options in the future.

“The UAE will remain an incubator for innovators and a hub for investors,” Sheikh Mohammed tweeted. “Our open environment, tolerant values, infrastructure and flexible legislations constitute the best plan to attract global investments and exceptional talents. The UAE will remain a land of opportunities. It is the best environment to realise the dreams of humans and unleash their exceptional potentialities.”

Sheikh Mohammed tweeted late Sunday night that the decision will be enforced by third quarter of this year:

source: khaleejtimes

Get in Touch

FREE consultation for Franchise Marketing and Development Program.

© Copyright 2017 MENAFA. All rights reserved.