Buying a franchise can be an investment in your future. But as with any major decision, you should thoroughly research the franchise industry, the franchise model and the pros and cons of owning a franchise. That’s why the International Franchise Association has developed this resource full of tips and information to help you get started. Congratulations on taking the first step towards being in business for yourself, but not by yourself.
The Association is to be pioneering in nurturing, supporting and diversifying the areas of franchising activities in the UAE.
The Association seeks to streamline entrepreneurship in the UAE, to cement close ties with the world’s franchise associations and frameworks, to provide support, services and assistance for entrepreneurs for purposes of expanding and diversifying the franchising base in order to span all sectors in the UAE, to set up a favourable climate for achieving effectiveness and efficiency in all that which is related to franchising and protecting the rights, as well as to raise awareness of franchise’s role in developing the national economy.
The Emirates Association for Franchise Development (FAD) is a new breakthrough for the UAE economy into wide areas within business and investment sectors through a franchise model, which generates expertise in technology and business administration and also materializes the development of local initiatives, while opening the door before them to go global.
The FAD seeks to bring closer the ties with world franchise associations and to concentrate on diverse sectors in industry, health, education, tourism and the like. It aims at rendering supporting, consultancy and assistance services for franchising initiatives in the UAE as it helps set up the environment, structures, systems and the fair legislative framework which would keep the rights of parties to a franchise, providing protection for people in possession of local initiatives in franchising through providing them with awareness, knowledge and information, not to mention holding events, workshops and exhibitions plus encouraging participations in international activities of franchising.
Furthermore, the Association is going to be the main destination which provides the right frameworks for resolving disputes so as to safeguard practices in the areas of franchising, for there is a code of ethics to which members should be committed with a view to establish right, rational practices in franchising.
The existence of franchising companies on the Association’s membership would be conducive to regulating this important sector, to providing information on it, to both bringing about cooperation frameworks and making use of exchanging expertise, as well as to creating successful agreements.
Similarly, it would enhance the UAE’s strategic and economic trends in terms of expanding the private sector’s contribution to sustainable development. This would deepen and add to continuous successes of our economy and its robust presence on the world’s economic map.
His Excellency Mohamed Helal Al Muhairi,
Chairman, Emirates Association for Franchise Development (FAD)