Scality is the latest offering from Dubai Airport Free Zone (DAFZA) that aims to provide a flexible way of business setup in Dubai for tech startups. Billed as the region’s most exciting growth space, Scality operates on a pay-as-you-go arrangement which is a blessing for startups in the ideation or pre-funding period. By setting up a business in Scality, the tech startups can also get access to DAFZA’s facilities and benefits. To know more about how to set up a business in Scality, talk with the best business setup consultants in Dubai.
In the meantime, we will guide you through the mission, vision, benefits and salient features of Scality through this blog. Read ahead.
Target Business Sectors in DAFZA’s Scality
Scality is aimed at providing a platform for tech startups to incorporate, grow or scale. In the aftermath of the COVID-19 pandemic and the subsequent digital transformation efforts, the demand for tech-based services and products has surged dramatically. DAFZA is catching up with the trend by providing a platform of business setup in Dubai for tech startups through Scality in the following sectors:
- Education Tech (Edtech)
- Cyber Security
- Ad tech
- Agri tech
- Deep tech
- Gaming / E-sports
- Health tech
- Property tech
- Travel tech
- Social Network & Communication
- Logistics & transportation
- Professional Services
- Food tech
Many of these target industries reflect the pulse of the new-age business landscape. This means DAFZA is aiming to attract startups that come up with unique, innovative and in-demand business ideas. The Scality program offers many activities that no other free zone in the UAE provides, which is why it is generating much buzz among the industry players and entrepreneurs.
A Unique Subscription Program
Scality’s unique subscription program is an innovative solution that is relatively new in the region. The subscription-based program includes lease and licensing fees (during setup and the lifecycle of company operation), the opportunity to scale a team, a modern workspace that houses like-minded people.
Apart from these, the entrepreneurs can benefit from a suite of partnerships that enable them to grow and scale their business. These cover partners from verticals such as tax, legal, talent, cloud solutions, banking partners, payment providers, digital marketing etc. Through this program, Scality aims to support tech entrepreneurs building digital products & solutions across different industries, that cater to the MENA region. Entrepreneurs are required to either have an idea, MVP or product, to be part of the Scality program.
A Flexible Solution to Scale up the Startups
Scality can be described as a flexible and easy-to-use launchpad that enables you to form your company and scale in a seamless, flexible, lean, and agile manner, via its competitive pay-as-you-grow model. This unique model allows you to pay per employee-per-month, letting you optimize capital allocation moving away from a real estate-focused model to a business setup. The process of business setup in Dubai is now as easy as signing up for any music streaming subscription with no minimum commitment thereby reducing the risks in the journey to entrepreneurship.
How can Startups Join the Scality Program?
Tech startups who wish to set up a business in Dubai’s Scality must have a minimum viable product (MVP) or market-fit solution that caters to the Middle East and North Africa (Mena) region. The process of joining Scality is simple and can be completed in the following steps.
- Prepare a solid business plan
- Select two to three names for the startup
- Identify business activity
- Select a legal structure
- Submit application and relevant documents
- Obtain business license & workspace leasing
- Start operations
How can Jitendra Business Consultants Help You?
The UAE government has always been at the forefront when it comes to providing affordable business setup opportunities for SMEs and startups. Many free zones operated by the government have also pledged their support for startups by creating a flexible platform of business setup in Dubai. Startups and SMEs were hit the hardest when the COVID-19 pandemic started spreading. This where DAFZA’s tech incubation program Scality gains relevance in a post-pandemic world.
Entrepreneurs who are uninformed about the laws of company formation in Dubai May find it hard to launch their firms. Fortunately, business setup consultants in Dubai such as Jitendra Business Consultants (JBC) offer robust solutions for aspiring entrepreneurs. JBC’s highly qualified team will take care of your requirements such as visas, drafting of documents, bank account opening, tax, accounting etc. If you have a sound business plan, leave the rest to us and enjoy a seamless company formation in Dubai.