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“Unveiling Highlights, Marching Forward” Black Swan’s March Newsletter Highlights International Women’s Day Celebrations, 5S Methodology, and the Distinctions Between Expat and Local-Owned Companies in KSA”
We are thrilled to bring you a comprehensive recap of Black Swan Business Set-Up Company’s recent engagements, showcasing our dynamic presence and unwavering commitment to excellence.
Celebrating Inclusion and Empowerment:Â
Black Swan honors International Women’s Day
In the spirit of fostering an inclusive workplace, Black Swan proudly celebrated International Women’s Day. It was a day filled with reflection, appreciation, and empowerment as we honored the invaluable contributions of the phenomenal women who are integral to our team.
Black Swan honored its female clientele by gifting personalized cupcakes, a heartfelt gesture acknowledging their significance and valuable contributions.
Success LaunchÂ
Company Incorporation
We are excited to share the successful launch of JAFZAÂ company, handled by us. Client Centricity has always been at the core of our philosophy and operations .
Over the years, we have strived to understand our client’s need, deliver the right solutions to them and make every effort to deliver a delightful experience to our clients. Cake Cutting Ceremony on successful onboarding is one of the way to celebrate our client’s success!
“Ms. Rupa receiving the Best Business Entrepreneur 2024 award from the UAE Women’s Achievers Award Season 2.”
On the eve of International Women’s Day, Ms. Rupa Jha was honored with the prestigious title of Best Business Entrepreneur 2024 by the UAE Women’s Achievers Award Season 2.
It not only recognizes her hard work and dedication but also celebrates her success as a female entrepreneur, setting an inspiring example for women in business worldwide.
Such recognition highlights the importance of empowering women in the entrepreneurial sphere and encourages others to pursue their dreams fearlessly
Spreading Joy:Â
Ramadan Gifts for Our Business Centre Clients
This holy month holds significant importance for millions around the world, and we are delighted to celebrate it with you.
As a token of our appreciation for continued partnership and support, we distributed Ramadan gift boxes to our valued clients.
These gifts symbolize our gratitude for your trust in us and our commitment to nurturing our relationship further.
We hope that these gifts serve as a reminder of the appreciation and respect we hold for each of our clients
“Difference Between a 100% Expat- Owned andÂ
KSA Local-Owned Company in Saudi Arabia”
“Registering for Wage Protection System (WPS) in the UAE: A Step-by-Step Guide for Employers”
The UAE government had introduced the Wages Protection System in 2019 to simplify payments and wage distribution. WPS was designed to ensure that companies meet their obligations to pay their employees promptly and protect them from financial deflection.
 Q.How does the WPS work?
A: Under the WPS, employers are required to register their workforce and regularly update salary information with MOHRE-approved banks. Salaries are then directly transferred to employees’ bank accounts, providing a clear record of payments and ensuring compliance with labor laws.
Q: What is the process for updating employee information in the WPS system?
A: Whenever an employee joins or leaves a company, the employer must download a new employee list and attach it to the application for WPS. This ensures accurate and up-to-date records within the system.
Q: What are the consequences for companies that do not comply with the WPS in the UAE?
A: Companies failing to pay their staff within 10 days of the salary due date or not complying with WPS regulations may face fines. Moreover, they could encounter a block on processing visas for new staff if payments are further delayed.
Q:Â What penalties do companies with less than 100 employees face for delayed salary payments in the UAE?
A:Â Failure to pay employee salaries within 60 days of the due date results in severe penalties: no work permits, fines by MOHRE, legal proceedings, and for repeated failures within a year, penalties akin to larger firms. Timely payments are crucial irrespective of company size.
Launch of the RAK Digital Assets Owais
RAK Digital Assets Owais is world’s first purpose- built free zone servicing next gen innovators. It is solely dedicated to non-regulated digital and virtual assets companies innovating in new and emerging sectors. RAK DAO is the body responsible for issuing licenses in the RAK UAE Freezone
Embracing Workplace Excellence through 5 S Methodology
Entrepreneurs can greatly benefit from understanding and implementing the 5S methodology to enhance the effectiveness of their workplace. By embracing Sort, Set in order, Shine, Standardize, and Sustain, entrepreneurs can cultivate an environment that prioritizes organization, efficiency, and safety.
