What Are Crypto Portfolio Trackers Used For?
It’s hard to get a bird’s-eye view of your crypto portfolio with a crypto portfolio tracker. As you invest in crypto, you will be able to keep better track of cryptocurrency trends and any coins you’ve got your eye on.
When you know where your money is going and how it’s performing, you’ll take your profits to new heights. You’ll know when to rebalance, take profits, or hold (hodl).
The crypto market can be volatile at times. Since technology is ever-changing, your crypto portfolio will reflect that. The crypto markets operate 24/7/365 too.
A diversified crypto portfolio is one way to set yourself up for success. Crypto tracking apps help to maintain a well-balanced and well-diversified portfolio. Without one, you’ll never know well or poorly your crypto assets are performing at any given time.
Why start a business in Dubai?
Dubai and the UAE are incredibly welcoming and supportive business environments. In fact, over 20,000 new businesses launched in Dubai last year alone. Not surprisingly, many of these were registered by overseas entrepreneurs. Somewhere between 80% and 90% of the UAE workforce are foreign nationals.
There are many compelling reasons why thousands of entrepreneurs the world over flock to the UAE and Dubai to start a business. The main benefits are:
- Low tax: The UAE proudly boasts 0% tax on both personal and corporate incomes. The only significant tax to be aware of here in the Emirates is VAT – introduced in January 2018 – which stands at a flat 5%.
- Vibrant economy: The Emirates is home to the second largest economy in the Arab world. With a GDP of around AED 692bn, it sits behind only Saudi Arabia. It is equally diverse as it is large. You can start a business in numerous industries, from healthcare and hospitality to technology and trade.
- Great quality of life: The UAE placed 23rd in the Best Countries Index, only slightly behind Spain and Ireland and ahead of Portugal and Greece.
- Startup support: The Emirates is home to many startup incubators and funding initiatives designed to accelerate business growth.
The future of business in Dubai is looking very bright too. According to the International Monetary Fund (IMF), the UAE is expected to lead economic growth in the Arabian Gulf this year, increasing by 2.5%. This is significantly ahead of the region’s biggest economy, Saudi Arabia, which is forecast to grow by 0.4%.
3. Choose your company name
The UAE has some strict naming conventions, so before you commit to a company name, make sure it is legally acceptable.
Any names that include offensive language are forbidden, as are any company names that refer to Allah, Him or any other religious, sectarian or political groups such as the FBI or Mafia. If you choose to name your business after a person, that person must be a partner or owner of the company and their full name must be used – no initials or abbreviations.
DO: Dress right, play nice and smile
Yes, Dubai residents love their brands but it should also be noted that people here have also become very savvy about subtlety and sophistication. And while Dubai is very Western in some regards, it has strong Islamic roots. Add these factors together and it’s clear that whether you’re male or female, being smart, stylish and modest in your dress is a must. For example, a suit and tie is more or less compulsory for men attending meetings, especially if you’re in the process of looking for a local sponsor.
Happy, positive energy is also a major characteristic of social, entrepreneurial and even corporate trends in Dubai. No one moves here to immerse themselves in gloom. So top your outfit off with a smile.
When learning how to start a business in Dubai, it’s important to understand how to deal with local Emiratis. Firstly, you should know that it is customary to treat any introductions in meetings with utmost respect. You might not immediately know the ranks of the people in the meeting room so best be aware of etiquette when it comes to addressing people and social interaction: For example, never shake hands with the opposite gender unless they extend their hand first, and always use your right hand.
Finally, don’t dive too quickly into business matters. While you may be in a hurry, spending some time to enquire about a person’s day, health, and family will pay dividends. A good tip is to wait for the other party to start the business chat and keep any European corporate bluntness at bay. Small talk is more than just courtesy; it’s a non-intrusive way of finding out whether someone would be a suitable business partner.