The Intrigue Begins
Written by Roman on May 17, 2007 – 3:40 pmEverything started in February 2005 when a colleague of mine from one of the previous jobs, let’s call him Tom, asked me about what I thought starting up my own business.
It was Friday, wet evening, as it is normal in Gothenburg, Sweden. We were sitting with Tom in a coffee shop chatting about everything. Suddenly he asked me if I was interested to start up our own business. I thought why not, it sounded like something really cool. The only question was what to do.
I thought Tom was talking about our own business in Sweden, but he went much further – he was talking about starting up a company in Dubai, United Arab Emirates. At that time I was not sure I knew exactly where Dubai was located geographically – somewhere in the Middle East. The only thing I knew about Dubai was rumors about booming development and growing opportunities for any kind of business. I got a week-end to think about Tom’s proposal.
Over the week-end I realized I got nothing to loose. Even in case of total failure, I would be probably paying my debts for several years, but the experience we were about to get might be considered as the second high education.
So we started to learn about how to start the company in UAE and more important – what we want to do in Dubai.
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May 22nd, 2007 at 3:45 pm
but what were primary advantages / reasons for starting the business in Dubai rather than in Sweden / EU?
May 23rd, 2007 at 12:21 am
At that time we saw the main advantage as the fact the country was not developed so well as Sweden, so you might get projects or products that makes no sense to develop in Europe or US. Another advantage was no tax policy of UAE government.
Now I see that these advantages are not very critical if you wanna start the software company - but this might be a good subject for one of the future posts.