International Consultant Law Office launches SME practice


ICLO, after its recent merger with Saleh Alobeidli & Co, is launching its Start-Ups & SMEs Practice in support of UAE’s position as a global centre for entrepreneurship, knowledge transfer, and innovation. Headed by Biancka Gracias, the team will address a wide range of legal issues faced by start-ups and SME’s in the region. Matters including forming the appropriate entity to protect intellectual property, business from personal injury lawsuits, advice on investor relations, and assistance on day-to-day operations of the business will also be a part of the package.According to recent data by the UAE’s Ministry of Economy, the SMEs sector represents more than 94 percent of the total number of companies operating in the country and provide jobs for more than 86 percent of the private sector's workforce. In Dubai alone, SMEs make up nearly 95 percent of all companies, employing 42 percent of the workforce and contributing around 40 percent to Dubai's GDP.ICLO will continue to more...