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Reasons for small companies to invest in BIM

A majority of large scale companies are using BIM these days. But is it something that should be restricted only to bigger sized firms? Of course not. There are plenty of reasons why smaller companies should also consider using BIM.

 

If truth be told, every single company that is involved in the construction business should invest in BIM, irrespective of their size. Bigger companies are more open to the idea of making this investment, but smaller firms are skeptical as to whether they should go ahead with it or not. This is because there are several myths associated with BIM. To help you make a better decision, here’s a look into a few benefits of using BIM or working with a BIM company in Saudi Arabia:

 

It can help you save a lot of money

The best part about the utilization of BIM is that it can assist a great deal in helping you save money that would otherwise be spent on evaluation and budgeting. All the documentation that you have at hand will get updated on an automatic basis. It will also make it possible for you to calculate costs involved in the design phase of the project.

 

It isn’t expensive at all

People think that getting started with BIM is going to cost them an arm and a leg. To be honest, this is not true at all. If anything, it is one of the most affordable investments that a construction company will ever make.

 

It will take time to learn BIM

Even if you run the busiest company around, the one thing that you can be assured of is that you will be able to learn it with utmost convenience. Just dedicating a bit of time to it on a daily basis is all you need to be able to learn BIM.

 

Productivity will be affected during BIM transition

Believe it or not, but a majority of BIM users have reported a minimum of 50% productivity gain once they invested in the software and opted for VDC construction. The transition to BIM is smooth and effective, and in no way, will it affect your productivity negatively.

 

On the whole, there are countless myths associated with the transition to and utilization of BIM. Instead of focusing on these myths, get your facts straight and transition to this system right away. If you truly want your business to grow and expand, it is highly recommended for you to do it right away.

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Basic Types of Companies You Can Form in Dubai

UAE is a great place to start your business venture. With a booming economy, ample support from the government and countless opportunities presenting itself, a lot of people find it very appealing to jump into the bandwagon and start their own business.

 

With the rising trend, even other nationalities are now thinking of getting their business set up in Dubai and UAE. Good thing the UAE law now allows foreign investors to set up their formal presence in Dubai or any cities in UAE with these types of business establishments.

 

If you are thinking of setting up your business in Dubai, read on these types of business establishments:

 

  1. Civil Company

 

A civil company is a type of business establishment and partnership amongst professionals. For example a group of doctors, lawyers and accounts who decided to form a business union . It is 100% legal but certain requirements such as the UAE National Local Service Agent. Foreign companies can also partner with a civil company as long as they operate on the same field.

 

  1. Limited Liability Company

 

A limited liability company or LLC is a hybrid of sole proprietorship and a corporation. The main features of this set up is that is has the pass-through taxation which can be found on partnership or a sole proprietorship but with limited liability just like a corporation. LLC companies have much flexibility than a corporation in terms of protection and privacy as they are not required to be publicly listed unlike corporations.

 

  1. Free Zone Company

 

This option is popular amongst foreign investor due to its lenient features. There are no currency restrictions and personal income taxes. This also allows 100% foreign ownership and repatriation of capital and profits. However, they can only operate and lease office space on Free Zone areas.

 

  1. Offshore Formation

 

Offshore business is formed outside the jurisdiction of the principal owners and often set up for the purpose of tax and legal leniency in a tax haven country. These tax haven areas have zero to very low tax rate which is why some investors find this set up attractive. They are also free from state regulations in terms of business operations.

 

  1. Branch or Representative Office

 

If you are planning on expanding your business presence of your company, then this business set up might just be the one for you. UAE allows investors to set up a branch and representative office of a parent company provided that they carry out similar activities and business  as their principal or head office.

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