A Grown-Up Guide to… The GDPR

What is it?

The General Data Protection Regulations.

It’s new legislation to replace the Data Protection Act, coming into effect in May 2018.  The GDPR is an EU law affecting every company based in the EU and, importantly, any company that trades with the EU, wherever they are based.  The UK will still be in the EU in May next year, and we will want to continue to trade with the EU, so it’s likely we will keep the GDPR post-Brexit.

 

Who does it affect?

Almost everyone, to some extent.

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The Middle East is growing up

There was a time, a few years ago, when the get-rich-quick tales from Dubai were true.  You could go out there, have a Ferrari within a year, and get a penthouse and a boat the year after.

Those times are gone.

They are gone because all that was built on credit.  They are gone because Dubai, as part of the UAE, has grown-up.

They are even introducing VAT in 2018, but personal and corporate income will remain tax-free for the time being.

Because it’s matured, the opportunities are still there but they are more of a long-game than a quick win.

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Grown-Up Solutions to launch in the Middle East

Grown-Up Solutions will be opening an office in Dubai in November to better serve our existing client base and to support new business opportunities in the UK and Middle East.

Launched in the UK in 2014, we have worked with a range of clients including a Premiership football club where we introduced processes that increased hospitality sales volume by 14% and spend per head by 26%.

The Grown-Ups have also acted as intermediaries for merger and acquisition discussions, carrying out due-diligence work and representing one party as local agent.

The company is currently working with a celebrity chef, ensuring the behind-the-scenes management structure is in place to support his future career.

As Director Mike Smith explains, ‘With my background in the Middle East it’s a natural extension to establish a presence in Dubai.  The event and hospitality sector is already used to working internationally but with Brexit coming up there is an increasing opportunity for businesses in this sector to explore new opportunities and trade links.  Opening the new office will enable us to offer enhanced services to our existing clients as well as giving us the opportunity to support new clients in the region.’