Reduce business costs with a shared office in Dubai If you want to start a company in Dubai but cannot afford the high rent of a dedicated office, using a floating office (flexi desk) is a practical and economical solution. This option is particularly suitable for novice entrepreneurs and startups to have an affordable workspace before increasing revenue. What are Fixed and Floating Offices? Office centers in Dubai offer two types of workspaces: Fixed Offices: A dedicated space used exclusively by one company, allowing for the company name to be displayed on the desk and the use of dedicated equipment. Floating Offices (Hot Desk/Flexi Desk/Shared Desk): A shared workspace allocated to several companies on a scheduled basis, typically part of the startup package for the initial setup of the company. Ghaith Al-Daker, General Manager of the DUQE Free Zone, says: "A floating office allows startups to have a legal address and basic facilities including internet and administrative services at a lower cost." What Types of Businesses are Suitable for a Floating Office? Mohammad Montaser, CEO of Global Link, provides a list of criteria for selecting a floating office: - The company should be newly established and require a temporary physical address. - Access to basic facilities such as electricity and water should be available. - They should be temporarily looking for a suitable workspace until their needs are met before renting a permanent office. - There should be opportunities for collaboration and networking with other individuals and startups. How to Have a Floating Office? Location: Choosing a suitable location in Dubai or free zones is essential. The floating office should be located in an area where the company license has been issued. Contract: Review the contract details before signing. Some contracts have time limits or specific days and offer different facilities. Facilities and Costs: The cost of a floating office varies depending on location, office space size, and services provided, and may range from 4,000 to 16,000 dirhams annually. Required Documents for Setting Up a Floating Office: - Copy of passport, visa, and Emirates ID - Copy of the company trade license for the applicant and shareholders - Business Plan - Certified birth certificate Advantages and Disadvantages of a Floating Office Advantages: - Cost-effective for startups - Possibility to upgrade the contract and add a new desk or room as the company grows - Opportunities for collaboration and networking with other professionals - Flexibility in working hours and location Disadvantages: - May not be sufficient for opening a bank account - Limited dedicated workspace and needs to be shared with others - Companies without a fixed address cannot apply for residency visas Conclusion: A floating office in Dubai is a cost-effective and flexible option for startups and newly established businesses seeking a legal address and initial workspace. This type of office helps you start your activities without the high cost of renting a dedicated office and gradually cover your workspace needs by upgrading the contract. By reviewing the location, contract, and facilities, you can choose the right office for your company and launch your business while saving costs.