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Showing posts from November, 2020

Office Ready Workspaces

At some point, every entrepreneur will be facing the dilemma of whether to lease a conventional office or opt for a modern shared workspace. One has to consider all options and costs related to securing an office. But if your business is operating in a city like Dubai, renting an office-ready workspace can be more beneficial. With all its pro-business initiatives, the UAE government has made the process of renting an office simple for investors. Below are some of the advantages of instant offices:   Impressive design and layout One of the misconceptions about an office-ready workspace is that it consists of small cabins with members squeezed tightly. That is not the case with business centers in Dubai . Serviced offices are spacious, creative hubs with flexible features that let users work in a collaborative environment. The space is designed to be inviting and energizing to improve productivity. Space could also be transformed to accommodate companies of different sizes, fro...

How Shared Workspaces Can Help Startup Entrepreneurs

Low capital expenditure It’s not always possible for startups to secure a traditional office due to high rental fees. Lease contracts can go from 2 to 10 years for which a deposit is generally required. Also, furniture, decor, technology, and maintenance costs can add up quickly and put a dent in your working capital. A co-sharing workspace provides startups with cost-cutting abilities as it is fully-equipped to handle daily business operations.     Flexibility beyond timing In a shared workspace, companies still in their formative years can go for a couple of hot desks until they expand. They will have access to facilities similar to what a full-fledged corporate building can offer. Then, if they are ready to take their business to the next step, they can upgrade to a larger, dedicated space.   Access to all-included service A coworking space gives startups access to an all-inclusive service, which they can pay in increments according to their membership ...

Here’s why you need a business setup consultant

Laws & Ownership The onshore sector has restrictions on foreign ownership and is dominated by local business interests. On the other hand, the offshore sector consists of several free zones that are governed with unique sets of laws and regulations. The violation of these laws can lead to heavy fines. It would be best if you had professional intervention to ensure full compliance with the existing rules.   Legal Process & Structures To set up a company in Dubai Mainland, free zone, or offshore involves different legal forms and structures. Having a business setup consultant will allow you to understand what legal formalities and government regulations apply to your chosen company type. This can ensure that your setup process will go smoothly.   Finding Business Partners A reliable business setup consultant will be able to identify a trustworthy local sponsor or partner for your company. Sponsors are mandated by law to hold either a share in your company ...