MEDIA & PR

–  PRESS RELEASE – Creation Business Consultants, the market-leading corporate service and tax provider in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA), is pleased to announce the appointment of Fariq Ishaak as the Head of Tax. For more than two decades, Fariq has provided expert tax advice, including mergers and […]

Bahrain’s economy is growing at its fastest pace in a decade, driven by a combination of continued fiscal reforms and higher oil prices, according to the International Monetary Fund.  The kingdom’s economy grew by 4.9 percent in 2022 spurred by a surge in the non-oil sector, particularly hospitality, government services and real estate.  “International investors […]

The article discusses the significant size and impact of the shadow economy in the Gulf Cooperation Council (GCC) countries. It highlights the estimates of the shadow economy’s value, which amounts to a staggering $890 billion. Our Managing Director, Scott Cairns, highlights the importance of implementing effective policies and regulatory frameworks to encourage individuals and businesses […]

  – PRESS RELEASE –   Creation Business Consultants announces that its win at the UAE Business Awards 2022, presented by MEA Markets for – Best Remote Business Consultancy Firm 2022. One of the region’s leading business service providers, Creation Business Consultants helps entrepreneurs, small to medium enterprises, and multinational corporations to enter, expand and […]

Featured in AGBI – Arabian Gulf Business Insight, Creation Business Consultants Managing Director Scott Cairns comments on the absence of a Zakat-style tax in the UAE that would result in a more straightforward implementation & compliance. He says, “If the UAE corporate tax remains at 9%, it will continue to dominate the region as a favourable hot spot for business”. […]

For each dollar of FDI, the local economy generates another one and exports two more. This means that every added flow of FDI investment has a ripple effect in augmenting value for the local economy, experts told Arabian BusinessDubai’s continued focus to take its foreign direct investment (FDI) ecosystem and infrastructure to new heights, while […]

Recent regulations are being strictly enforced to confirm that entities have legitimately earned profits corresponding to the commercial activities registered as per their licenseThe first quarter of 2022 reflected a remarkable growth in the number of new business licenses issued according to Business Registration and Licensing (BRL) at The Department of Economy and Tourism (DET) in Dubai […]

      Below is the video transcription    I’d like to welcome everyone to Creation Business Consultants tax updates my name’s Scott Cairns I’m Managing Director of Creation Business Consultants I’m joined by my colleague Steven Island who’s our Head of Tax as everyone would know I’m sure a bit of a bombshell last […]

Coronavirus-hit corporates will find outsourcing opportunities in the pool of international freelancers in media, education, marketing and consulting attracted by the new licence, industry experts told Arabian Business   READ FULL ARTICLE HERE.

Covid-19 recovery was underway globally, with some markets making stronger comebacks than others, but the new omicron variant has once again challenged progress.   READ FULL ARTICLE HERE.  

Five-year timeframe smoothens out planning processes, say CEOs. Dubai: The UAE’s introduction of multiple-entry 5-year visas will help businesses plan better on costs – and help with business continuity as well. In addition, business sources in the country say that the latest reform on residency rules should be seen in the same light as allowing foreign businesses to own […]

Effective February 2022, the adjustments modernise labour relations and enhance the country’s liveability for expats, say leading industry experts   READ FULL ARTICLE HERE.

In August, 11 percent of total funds cleared by banks were through cheques, signalling a strong reliance on this form of financial exchange.The new amendments will come into force in January 2 next year. READ FULL ARTICLE HERE.

Social spending is a key policy lever to support and promote inclusive growth, according to the International Monetary Fund.The Department of Economy and Tourism will also work to promote Dubai’s competitiveness in attracting foreign investments.   READ FULL ARTICLE HERE.

New rules of origin likely to be start of further announcements as UAE and Saudi Arabia diversify away from oil and gas Saudi Arabia’s announcement in June regarding rules of origin on imports from other Gulf Cooperation Council countries has raised the stakes within the region, as it goes head-to-head with the UAE in competing for the position […]

Two-thirds of SMEs in the UAE project that revenues will grow or hold steady over the next 12 months, with access to funding, acceptance of digital payments and training and upskilling staff as the main drivers of growth UAE small and medium enterprises are more optimistic than their regional counterparts about the next 12 months, […]

Appointment of expat business stakeholders to the board of directors is likely to attract increased foreign investment and talent, industry experts agreed Dubai’s restructuring of its business chambers to focus on commerce, the digital economy and international business will support the emirate’s economic growth and recovery as it emerges from the pandemic, according to leading […]

The 100 percent foreign ownership law is expected to provide a massive boost for commercial space demand in Dubai and Abu Dhabi and business confidence, supporting post-Covid economic recovery Effective starting June 1, UAE’s amended Commercial Companies Law allowing 100 percent foreign ownership of companies is expected to significantly boost business confidence in the country as it […]

What has changed with the new law announced by Ruler Sheikh Mohammed bin Rashid Al Maktoum? Scott Cairns, managing director of Creation Business Consultants unpacks the changes. DIFC companies are now able to promote their activities onshore. Previously this was a strict no go under the Companies Law where free zone companies are limited to […]

Sultan Haitham Bin Tariq Al Said’s decree creating a ‘stable mechanism for the transfer of power’ has been welcomed by analysts Oman’s move to appoint a Crown Prince for the first time in the sultanate’s history will improve long-term investor confidence in the Gulf nation, according to experts. On Monday, Sultan Haitham Bin Tariq Al […]

Foreign companies may have a greater appetite for a Saudi free zone company as it will provide maximum control of the business and mitigate risk. The introduction of Saudi Arabia’s first Special Economic Zone, Integrated Logistics Bonded Zone (ILBZ) located near the international airport in Riyadh will certainly attract more foreign investment and incentivise companies […]

The Dubai 2040 Urban Master Plan will cement the emirate’s place as the preferred destination in the Gulf for relocation amid increasing competition from neighbouring countries. Featured in Arabian Business, Scott Cairns comments “Companies which utilise cutting edge technology that contributes to sustainability will be in high demand as a result of the newly published […]

News that Saudi Arabia will stop signing contracts with international companies from 2024 unless they have their regional headquarters in the kingdom has been described as a “bold move” by a leading business expert. Featured in Arabian Business, Scott Cairns comments on that decision.   READ FULL ARTICLE HERE.  

A must-read article from our managing director Scott Cairns for Financial Times – on the future of the free zones in the UAE. A very welcome announcement came to those closely watching the UAE market in December, with the news that Article 10 of the Commercial Companies Law had been changed to remove the requirement […]

Major policy shift aimed at attracting talent in a way that will boost growth in the UAE. The UAE cabinet, local courts and executive councils will nominate those eligible for the citizenship under criteria set for each category. Featured in Arabian Business – insights from our Managing Director Scott Cairns on amendments to the UAE’s […]

Analysts hail it as a huge move to attract more investment and talent to the country. Dubai: The expatriate business community and analysts have welcomed the historic decision by the UAE government to grant citizenship to people with exceptional talents and to their families as well. Our Managing Director Scott Cairns comments in Gulf News […]

Sultan Haitham Bin Tariq Al Said’s decree creating a ‘stable mechanism for the transfer of power’ has been welcomed by analysts. Oman’s move to appoint a Crown Prince for the first time in the sultanate’s history will improve long-term investor confidence in the Gulf nation, according to experts. Our Managing Director Scott Cairns comments “One […]

With suppliers claiming they are owed ‘millions’ by Gulf Greetings General Trading, SMEs have been advised to keep a tight grip on credit control or risk their own futures. Small and medium-sized businesses have been warned not to over-extend themselves and risk going under following the collapse of a major retail operator in the UAE. […]

Historic agreement could have particular benefit for the UAE’s construction industry, says expert. The agreement could have particular benefit for the UAE’s construction industry, which has been hit particularly hard by the coronavirus crisis and the drop in oil prices. Creation Business Consultants write up for Arabian Business Why the UAE, Qatar can expect to […]

Removal of barriers to trade is seen as ‘huge relief’ to contractors as construction booms in both countries, says expert. The reopening of borders between Qatar and Saudi Arabia will go a long way to fueling an economic recovery in both countries, according to Scott Cairns, managing director of Dubai-based Creation Business Consultants.   READ […]

  Scott Cairns Alumni to Student Mentoring Program Certificate    

Analysts predict major boost to the UAE’s attractiveness to foreign investors following change to company ownership laws Greater levels of foreign investment into the UAE are expected after the country abolished a requirement for onshore companies to have a local shareholder. The UAE on Monday confirmed changes to its commercial company ownership laws in a […]

AI is a crucial supporting tool, and can boost sales, identify fraud, enhance customer experience, automate processes, and assist with predictive analysis. One of the standout trends in recent months is the growing implementation of artificial intelligence (AI) technologies as businesses strive to differentiate from their competitors. A 2019 report from the International Data Corporation […]

Dubai: Joe Biden is set to become the 46th president of the United States after a nail-biting wait for the US election results. With Biden securing 290 electoral votes ahead of the 270 seats required for the win much of the suspense and drama has ended and the world is ready to accept the Biden […]

Dubai: Winning an additional 12 months to pay off claims will be the biggest gain for troubled business from the UAE’s newly reworked Bankruptcy Law. What this does is introduce “flexibility” into the UAE’s still-developing bankruptcy regime. “Of particular note appears to be the suspension of the requirement for the debtor to file for bankruptcy […]

More UK businesses looking to set up in the UAE amid growing fears over post-Brexit scenario, says consultant. British businesses are seeking a safe haven in the UAE as the uncertainty over Brexit continues, according to Scott Cairns, Managing Director of Creation Business Consultants. Britain formally left the European Union in January but remains bound […]

Industries across the board have been battling to improve performance in 2020, with management consultants playing a crucial role. And just as their message for clients is about agility, the consultancy sector is going through a change period, adjusting to new priorities. Consultants need to appreciate clients’ current pain points and become more flexible with […]

Corporate crisis planning has been a hot topic in recent months, mainly around how to survive the economic impact of COVID-19. But alongside adverse market conditions, you need to be prepared for a genuine possibility that’s often overlooked: what would happen to your business on an operational level if you, the owner, became incapacitated and […]

Most companies in the UAE were required to file their ESR (Economic Substance Regulations) notification before June 30. Those who failed to do so are liable for fines of between Dh10,000 to Dh50,000. Providing false information can also result in fines, as well as the potential suspension or cancellation of business activities. In the run […]

Creation Business Consultants MD, Scott Cairns, advises what firms can do to push for market growth. Like many other sectors, construction is facing challenges in the Middle East. Project delivery delays, supply-chain issues, manpower limitations and fee restructuring have all contributed to a slowdown. However, this vital sector still has the power to lead the […]

In view of the current economic climate, business owners keen to consolidate and reduce overheads may look to liquidate. In formal terms, liquidation means “to bring a company to an end and distribute its assets to its claimants,” i.e. to close it down. With the current market conditions, many people expect to see a jump […]

A tweak in strategy may go some way towards winning in a bad economy. As the majority of businesses struggle with the economic chaos of COVID-19, others are thriving despite the challenging climate. Agile start-ups are meeting new demands and some industries are seeing revenue streams from unexpected angles. There are always businesses that do […]

Scott Cairns is the Managing Director at Creation Business Consultants, a structuring and advisory services firm based in the UAE  An unexpected crisis can be a huge blow, especially if you haven’t planned for adverse market conditions. It’s natural to go into survival mode, doing what you can to stay afloat, but then it becomes […]

– PRESS RELEASE – Creation Business Consultants has won two accolades at the UAE Business Awards 2020, presented by MEA Markets – Best Corporate Restructuring Company and Most Trusted Company Formation Firm. One of the region’s leading business service providers, Creation helps entrepreneurs, small to medium enterprises, and multinational corporations to enter, expand and restructure […]

– PRESS RELEASE – Creation Business Consultants has won Management Consultants of the Year – UAE at the 2020 Corporate LiveWire Prestige Awards. The team was recognised for their personalised customer service, consistency of client reviews, and expert business support. One of the region’s leading business service providers, Creation helps entrepreneurs, small to medium enterprises, […]