UAE a “natural hub” for region’s start-up sector
Zaen Hamid, AstroLabs head of operations, says UAE is a natural hub for the Middle East’s start-up sector.
The UAE is a natural hub for the Middle East’s start-up sector, AstroLabs head of operations Zaen Hamid said.
Hamid explained: “The UAE’s jurisdiction is transparent; it’s safe, it’s got the right tools in place. There’s a lot of focus from the government on innovation and technology. So it’s also the natural hub for the region. If you draw a 4.5 hour flight radius around Dubai that’s a 2.2 billion people market. It’s a massive market, so Dubai’s a natural gateway for the region.”
AstoLabs is the official Start-Up Setup Partner at GITEX Technology Week. The company helps entrepreneurs set up businesses in the UAE by offering subsidised licences in partnership with DMCC.
“We can get start-ups to register themselves in Dubai, start a business and pay a monthly fee instead of an upfront cost, which would typically be AED 50,000 to get a business registered here. We have a dedicated relationship manager and the entire process is digital. You could be in the US, Europe, and Africa and you just have to digitally sign a contract with us, provided you meet our criteria. We waive the entire registration fee, so you pay a monthly fee it sort of facilitates that early stage growth and cash flows that are pretty important for entrepreneurs at that stage.”