The United Arab Emirates (UAE) has completely transformed itself as a business hub, and with that, the country has also seen millions of dollars worth of investment. The Free Zones cater to multinational companies, with the trend continuously growing with each passing day.
One of the most innovative ideas the UAE business community came up with was the introduction of the Flexi desk, which is also known as either a hot desk or a co-working space facility. This flexible structure was very well received by the business community because it provides you with a modern office setting where you can operate your business from.
The UAE Free Zones typically assign the Flexi desk or the co-working spaces and facilities once the entrepreneurs set up their business. The common trends tell us that investors are keener on opting for co-working spaces because of their cost-effectiveness and the flexibility that it provides.
The co-working space remains a popular choice when it comes to startup entrepreneurs and freelancers, there are still a number of challenges that come along with it. The benefits might include cost-effectiveness but perhaps the biggest drawback would be the troubles you face while opening a bank account for your business with a co-working license in Dubai.
Each business decision will have its pros and cons and as a business owner, it becomes your responsibility to assess things, weigh the weight of pros against the cons and then come up with a solution that is best suited to the needs and demands of your particular business.
At Rizmona, we have compiled this guide to give you an in-depth review of all the advantages and disadvantages that need to be taken into account with Flexi desk.
Advantages of Flexi Desk in Dubai
As pointed out earlier, the Flexi desk has been a popular choice for many businesses and they prefer it over the traditional office setup. Setting up a Flexi desk can be a challenging task for some and they need to be aware of all the benefits they will be getting out of it, and here is a brief overview of these benefits:
When we talk about Flexi desk, the first thing that pops into our minds is the flexibility that the solution provides. Flexi desk, opened in any of the free zones, offers the ability to improve space utilization. The Flexi desk has the ability to accommodate many people in a relatively smaller because of how they are designed. This is one of the key reasons why businesses are inclined to opt for this option as it accommodates a number of people without the price-tag of a traditional office which essentially does the same thing.
Speaking of cost, the Flexi desk’s other main attraction is that it is a relatively but significantly cheaper option. The Flexi desks in Dubai are offered at very affordable prices to businesses that are still in their initial stages and finding their feet. The shared workspace requires you to pay a monthly fee along with the license fee; through this, the entrepreneurs can avoid a number of overhead charges and keep their costs low. This is a huge comparison when it comes to the traditional office setup where you might not be able to avoid these overhead charges and ultimately end up spending much more than you would like. The charges are already defined which saves a lot of time when it comes to arguing over things like lease terms, maintenance costs, furniture fitting, utilities, and other things like you would with a traditional office space.
Although this is something which would be subjective to your employees if we generalize the situation, it has been proven that employees often fall into a monotonous routine when they are working out a traditional office space. This results in not only a loss in productivity but also creativity; this has the potential to impact your business which is why you need to come up with a reliable solution that can be practically implemented. Flexi desk allows the employees to work in a relaxed and flexible environment, which reduces the chances of limiting their potential.
Freedom to Switch
For any new business, there is a huge cost attached to opening a new office space and not have the guarantee that things would pan out for the better or not. Flexi desk has been identified as a viable option to do a dry run of the business first and foremost. The investors test the water and utilize Flexi desk as an option. If the business yields good results then they have the option to easily move to a traditional office. This ease of switching is a huge benefit that most people seem to undervalue at times.
Drawbacks of Flexi Desk in Dubai
Every business has its own demands and Flexi desk provides a unique experience for businesses that know exactly what they are looking for. Even if Flexi desk is your choice, there are still some drawbacks attached to it that cannot be overlooked very easily. Here are the disadvantages of Flexi desk:
Bank Account Opening
The first and foremost problem related to Flexi desk is the troubles you face while bank account opening in Dubai. The United Arab Emirates has strengthened its laws and KYC procedures to comply with the updated Anti-Money Laundering (AML) guidelines. Oftentimes, banks require a physical address to your business and that can be a problem because of the AML guidelines. This is a foundational step for almost all businesses which is why it needs to be mentioned as a challenge that you will need to overcome if you opt for Flexi desk as an option for your business.
Another potential disadvantage or challenge that you need to be prepared for is the lack of control you might experience over your workers. The Flexi desk offers great e-offices in Dubai and although they offer flexibility, which we have already covered, they also are difficult to manage in terms of introducing discipline. It changes the entire concept when it comes to manager-subordinate, which is very common in a traditional office setting. Those who want to maintain complete control over their teams, need to think long and hard before opting for Flexi desk.
Flexi desk promises a different and unique experience, something many employees might not have experienced before. For some, this change can be a problem and they might not adapt to the shared workspace. They might also experience that their work rhythm is being disrupted as well. In order to make your business a success, you need to focus on small details such as these and plan accordingly.
Why Choose Rizmona?
It is important to make the right decisions for your business and there are many certified companies that specialize in this field. It is always better to take advice beforehand than to reflect on the situation after you have made a decision that has proved counterproductive. This is where Rizmona comes in.
The business landscape in Dubai has been evolving at a rapid pace and Rizmona is keeping up with all these changes to better help its clients across the UAE. At Rizmona, we have qualified people working day and night to ensure that your business remains afloat, and pushing to achieve the best possible results.
Rizmona’s qualified team has helped thousands of clients already in various free zones of UAE. Rizmona remains committed and true to the cause of helping businesses irrespective of whatever position they are in. Choose wisely, choose Rizmona!