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Showing posts from January, 2021

Here’s Why It’s Still A Good Time To Start A Business In Dubai

  Despite the COVID-19 crisis, here’s why it’s still a good time to start a business in Dubai , Abu Dhabi, or in any part of the UAE: Cheaper Business Processing Fees For those who have always wanted to be their own boss, there is no better time. It is now more affordable for start-ups to get set up as processing fees have been slashed. In fact, costs for new license registrations and administration fees for businesses already operating in the free zone have gone down by up to 70 percent. This move is beneficial for both existing businesses and those looking to set up operations within the free zone. SME Credit Guarantee Scheme Even before the pandemic, loans can be difficult to secure. To help start-ups overcome financial challenges, the government has provided a range of financing solutions. For instance, businesses in the industrial and commercial sectors in Dubai and Abu Dhabi can expect an enhanced credit environment. National banks are encouraged to facilitate loan pr...

Ways A Business Center Can Promote Productivity

Seamless flow of ideas Being in a business center allows you to work around other like-minded professionals who have unique skills and talents. Whenever you get stuck with a project, you have enough people to consult within the coworking space. Just the everyday interaction you do in common areas can help you brainstorm and learn new concepts. In the long run, you become more knowledgeable, and the new skills you gain will lead you to complete tasks faster than usual. Happier employees The workforce of today value work-life balance more than anything. It’s an essential aspect of a healthy work environment that helps reduce stress and burnout. Business centers in Dubai prioritize work-life balance by making personal connections possible, so members feel more engaged and less lonely. The sense of belonging they get in a coworking space can be a source of motivation to report to work, enhancing productivity. Boosts work-life positivity Freelancers who work from home often find ...

Some Global Companies That Began In A Coworking Space

  1. Uber This transportation service was born in 2009 on a winter night in Paris when two young men failed to get a cab after attending a tech conference. A few people know that the founders started Uber in a shared office space in New York and continued to operate from a coworking space in San Francisco a few years later. Today, the company has become a global necessity, serving customers in over 10,000 cities. The app downloads reached 6.4 million in the US alone. 2. Spotify Spotify was developed as a response to the growing piracy problem in the music industry. It allows users to listen to songs of their choice by paying a monthly subscription. This Swedish audio streaming service has origins that are humbler than most corporations. They started as a small start-up in a tiny office-cum-apartment, then moved to a shared office space rental above a coffee shop a few years later. It has grown into a company that is worth over £20 billion. 3. Indiegogo This crowdfunding ...