A 10-year visa is what Dubai’s start-up scene needed | GulfNews.com

A 10-year visa is what Dubai’s start-up scene needed | GulfNews.com:

More innovation in both regulation and technology seems to be the leitmotif of the Dubai Government, and the introduction of the 10-year visa clearly reflects that. While start-ups can reasonably expect further encouragement to help them in their journey, it is the return of investment that will enable start-ups to foster an entrepreneurial spirt and drive growth. Getting a positive return on investment as a new business can be difficult and very often seems like pushing a heavy rock up a hill when someone’s timing you. Similarly, raising investments is time consuming, and there is the constant fear that you’ll run out of money and be forced to close up. With this new rule, start-ups will have time to prove their mettle, while encouraging investors to fund their businesses. When an entrepreneur puts time, money and effort in a business, it is fair that they expect a return. In our experience, start-ups need at least three years to get to $1 Million and then at least two to three more to consolidate that growth, and this new move provides for stability during that period. It will not only give start-ups a chance to to align their practises, but also their profits.