CITY FOCUS | DUBAI
STARTUPS CAN FEASIBLY BECOME CASH FLOW POSITIVE IN DUBAI WITHIN A MATTER OF WEEKS
Dr David von Rosen-von Hoewei Founder of Lottoland and VonRosen
the best place in the world to start and grow a business , particularly in the tech sector .”
Something he argues is in stark contrast to the policy frameworks in Europe and North America , which are “ simply too archaic and cumbersome ”.
David insists that western countries can ’ t compete with Dubai ’ s agile approach to regulation and policy and with the sheer speed Dubai is moving .
“ Dubai feels today how business hubs like San Francisco , Berlin , Singapore , and New York felt ten years ago .”
Take Dubai-headquartered Telegram , the social media company founded by tech mogul and self-made Russian billionaire , Pavel Durov .
“ When the startup decided to move out of Russia , they first tried Berlin as their new base . But there were too many speed bumps in the process of relocating a business to Germany and it turned out to be more of a bureaucratic hassle than it was worth ,” explains David .
118 September 2023