Tarik Tamimi, Founder and CEO, Tamimi Consulting
Founder and CEO of Tamimi Consulting is confident that Expo 2020 Dubai will create more opportunities through its supportive ecosystem
Tamimi Consulting is a leading cross-border business management and advisory firm helping foreign investors as well as established businesses to grow across borders, with a particular focus on Turkish companies looking to invest in the UAE or already on the market but looking for professional support. in line with their growth strategies.
Our services cover; management and business consulting, business creation, restructuring, business services, accounting, bookkeeping, financial services, tax consulting, administrative services, strategic marketing, business development and other complementary services in a wide range of industries.
Area of expertise
Mohammed Al Falasi, Regional Representative — Middle East and Africa at DMCC with Tarik Tamimi
Setting up a business in the UAE requires experience and in-depth knowledge of all the rules and regulations that apply to different businesses, types of businesses, structures and, most importantly, the needs of investors. Defining a company’s business operations in an efficient and compliant manner is not an easy task, and it requires a certain level of ownership, accountability and liability to the investor as we understand it. Such an approach makes us unique in terms of owning each business we establish or support as if it were our own business, therefore we continually strive for excellence in all areas of the business by monitoring close to the progress of a company that operates in the UAE. .
Opportunities and Challenges
The UAE is a proven international business center with a real economy and is considered part of the global system rather than a tax haven. Investors are drawn to the UAE not only for its favorable tax regime, but also for its ease of doing business, world-class facilities offered to all levels of investors, and friendly business environment. Additionally, the UAE has a well-established infrastructure, a stable political system, and one of the most liberal trade regimes in the MENA region.
The UAE attracts world famous brands, multinational corporations and entrepreneurs creating a highly competitive market, which can be seen as an opportunity as well as a challenge for many businesses depending on how you position yourself as an owner of business. Only those who recognize this fact and the UAE’s competitive multinational business environment can succeed and enjoy the benefits offered equally to all.
The business environment in the UAE today
The UAE is undergoing a transformation for the better. Recent economic reforms indicate that “the country’s business environment is flexible” and it is committed to providing investors with some of the best incentives to start their businesses. New laws aim to attract foreign companies and foreign investors with 100% ownership of most activities that were previously only allowed with a local partner. On the other hand, the focus is on creating an even more prosperous business environment for the private sector, especially for micro, small and medium enterprises. In this regard, incubation centers are growing in the United Arab Emirates and provide opportunities for freelancers and startups.
Expo 2020 Dubai proved to everyone what the UAE can do and offer to the business world. The success and incredible attention that Expo 2020 Dubai has demanded is no coincidence but a testament to the great leadership that is being displayed for the whole world to appreciate.
With all the reforms in taxation, labor law, compliance and transparency, data protection, etc., the UAE is sure to continue to be the place of choice for all businesses around the world. . Turkish investors, entrepreneurs and businesses are no exception and will claim their rightful position in this amazing market.