Ways to Get Paid as a Freelancer or Consultant in UAE

What’s simply the distinction between being self-employed and being a freelancer?

So you’re doing contract work for an association. You’re not their worker, yet does that make you self-employed, or a freelancer? The distinction can be befuddling. In case you’re independently employed, that implies that you in fact possess your very own business. Be that as it may, it’s solitary independent work on the off chance that you do it in the interest of another organization or association, not state, a free handyman working for private property holders. That is the reason freelancers can lead their business under their very own name, instead of a brand name. All freelancers are independently employed however not all independently employed individuals are freelancers.

Can I legitimately freelance in Dubai if I’m not a citizen or resident?

As a rule, you should either be utilized by a UAE organization or wedded to a legitimate UAE inhabitant to work from Dubai. Be that as it may, for sure sought after businesses, the UAE government issues impermanent work visas for unique, charge absolved “free zones” inside the city. Each free zone is a geological territory that enables foreign freelancers to build up organizations for a particular business area, for example, structure, improvement, and media. The accompanying free zones permit freelancers.

  • Dubai Media City
  • Dubai Studio City
  • Dubai Production City
  • Dubai Knowledge Park
  • Dubai Design District
  • Dubai International Academic City
  • Abu Dhabi Twofour54
  • Fujairah Creative City

To turn into an authorized freelancer, you should initially enroll your venture as a business and apply for a Trade License that relates to your business division from the Department of Economic Development. An independent exchange permit conveys a one-time charge of roughly 16.000 dirhams, or around €3850 ($4350).

Beside the fundamental Trade License expense, every one of Dubai’s sans 27 zones has its very own enlistment systems and charge structure. Some additionally require a business person to have a base measure of startup capital.

You can endeavor to get your freelance business on its feet all alone, yet it’s astute to counsel with a business improvement expert. Numerous who do, find they’re ready to start freelancing snappier and with less headaches after consulting a specialist.

Your Trade License may expect you to lease some measure of office space. In case you’re filling in as a solo freelancer as opposed to building a business with a full staff, you might need to investigate a cooperating space. Cooperating spaces work like workplaces, yet as opposed to being controlled by a solitary organization, freelancers pay a month to month expense for access. They can be a reviving break from the tedium and depression of telecommuting.

How would I get paid from abroad?

QR code, payment link, Payment gateway to accept payments anywhere. Foloosi suits business of any size. Get Foloosi accepted in your online store, offices, restaurants and more. Also it can be customizable to fit your needs and thus grow your business

Create. Share. Get Paid instantly with Payment Links

Create and share payment link via an email, SMS, messenger etc, and get paid

  • Create a payment link
  • Share link with customer
  • Customer Pays
  • Get instant alerts
Foloosi Technology - Payment Gateway UAE

To get payment and have the biggest sum left over when you gather, out TransferWise an attempt. That way, your cash will be changed over at the genuine swapping scale – a similar one you’ll discover on Google – and that should return more cash to your pocket.

The Transfer Wise multi-cash Borderless record is most likely most appropriate to your necessities. A borderless record enables you to have “nearby bank” status in either the EU, UK, or US, yet dwell in an alternate nation, and send, oversee, or get cash through the record in many monetary standards, including Emirates dirhams.

Do’s and Don’ts s of freelancing in UAE

  • Do get officially licensed
  • Do find a working environment that works for you
  • Do enjoy the flexibility
  • Don’t forget to keep on top of your cash flow
  • Don’t bow to pressure to put in extra hours
  • Don’t be afraid to ask for a down payment

Foloosi – New Update in Design

With this update, Foloosi aims to substantially grow its money transfer business

At a time when the digital payments space is undergoing major changes in UAE, Foloosi has revamped its website/ app to make it more user-friendly and intuitive.

The new update personalizes the app experience for the user, showcasing frequent use cases at a customized level. As a result of the upgrade, payments are now simpler and faster.

Foloosi helps the retailers in UAE to accept payments using QR code without the need of any POS machine. Folossi provides the following for the retailers.

  • No payment fee
  • No Setup fee
  • No need of any infrastructure
  • No annual fee

We have revamped the website and presented all the information in snapshots. We are very excited to introduce the new revamped interface on Foloosi App/ website. In continuation of our constant effort to provide our customers with the best user experience, the new design is refreshing and has upgraded to some of the most important flows.

We have introduced the first and foremost payment option called “Payment Link” which can be benefitted by the merchants and individuals to get their payments using payment link though they don’t own any website to sell their products.

Foloosi Technology   Payment Gateway UAE   Online payment Gateway   Merchant Services

Our offline payments have also scaled as we pioneered Foloosi QR, enabling merchants to accept payments directly into their bank accounts by scanning the QR code. Also Foloosi helps retailers in UAE to accept payments via Foloosi payment gateway.

Thus we have revamped the website aiming at exponential growth and spreading the digital space throughout UAE.

This improves the shopping experience and consequently customer loyalty and retention.

Fintech firms to benefit from DIFC $100m fund

Fintech Fund (DIFC)

Dubai:  Dubai International Financial Centre’s (DIFC) new $100 million (Dh367 million) FinTech fund, which will come from internal resources, will support Fintech Hive start-ups in Artificial Intelligence, blockchain, robotics, DIFC governor Essa Kazim said on Tuesday.

He was speaking at the Global Financial Forum, which was opened by Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai and the president of DIFC.

DIFC thinks that fintech is “underserviced” and the allocation of funding going into this new business is “very very limited” in the MEASA region, accounting to less than 1 per cent of the total.

DIFC Fintech Fund

“We are ready to spend the money. But it will depend on opportunities and if it makes commercial sense,” Kazim told reporters. “We want to consolidate the position of the DIFC and to be at the forefront of the changes that may happen in the financial sector.”

The fund can grow bigger, Kazim said.

“We have been talking with some government departments at federal level, or local level. If the interest materialises into anything then definitely the structure of the fund will be different,” he said.

“We don’t mind having other entities mainly government or semi government entities to participate in this fund. Today the fund is sufficient to support our own initiatives whether it is development of Fintech hive, the type of companies that are going to be supported by accelerator,” Kazim added.

Importance of Fintech

The 2024 strategy, which was a 10-year plan of the DIFC to triple its size, was launched 3 years ago, but Kazim didn’t envisage that Fintech would have been a part of the strategy, when the announcement was made.

“There is a new order that global financial services industry needs to navigate … the new alliances are being forged. The rapid emergence of advanced technology in all areas of finance is creating shifts like never before in the industry,” Kazim said.

Updating on the achievements made so far in the 10 year strategy rolled out in 2015, Kazim said “We are on track (in terms of meeting targets for the 10 year strategy). In certain areas we have passed our targets, but other areas we are lagging behind in area of employment. Although the number of licenses are on track attracting companies, but there is a little lag (not significant) in terms of employment,” said Kazim.

Falling oil prices has not been a negative for the center to attract businesses. Before the drop in oil price, the DIFC licensed 150 companies a year on an average, after that the average jumped to 300 companies.

“That (funding) element has encouraged banks to really expand their balance-sheet and provide credit to regional governments. Governments have been active in issuing bonds and sukuk and that also encouraged financial activities in the DIFC,” Kazim said.

DIFC also hopes to attract more asset managers, financial institutions from India and China.

Regarding competition from other financial centers, Kazim said “competition is always there. The UAE was built on competition and on market forces. We have 5 airports, and 7 ports, and financial activity is one of those things. We don’t fear competition, and it is always good.”

Source :
https://gulfnews.com/business/markets/fintech-firms-to-benefit-from-difc-100m-fund-1.2124444

UAE-based payments start-up Foloosi has launched offering cashless transactions through a digital wallet

Foloosi says it will let users complete their daily transactions without having to reach for their physical wallets. The idea is to act as a mobile wallet so users can carry their credit card or debit card information in a digital form.

In an interesting use of words, Foloosi explains that it provides gateway solutions to online businesses through its “progressive and award-charming technology”.

This gateway connects the buyer and agent for any online payment transaction. The value stored on the wallet can be paid in exchange for any goods or services purchased online.

Along with businesses, the start-up is targeting the “student” market. It seems the firm means children.

Foloosi says parents can send and track money to their “kids”. Features include a family allowance application to track stipends – “power to kids, no pestering for parents!”

There are also money-handling tips and child friendly stores. The latter will display kids’ toys and books, so they can spend their allowances under the parents’ control.

The company was founded by Omar Bin Brek. He is also currently listed as an entrepreneur at the Sharjah Entrepreneurship Centre in the UAE. Albreki says he is “refining and developing” Foloosi at the Sheraa incubator programme.

Prior to Foloosi, Bin Brek founded iDeliver2 in London. This was an “on-demand 24-hour delivery service” – such as for documents or food.

Bin Brek confirmed to FinTech Futures that the name Foloosi is a reference to “faloos” – Arabic for “money”.

Source : https://www.bankingtech.com/2018/06/uae-digital-payments-start-up-foloosi-fires-up/

Foloosi – Middle East and Digital Wallet

Middle East and Digital Wallet

Regardless of whether it was an internet browser that recollected that you credit card or a millennial customer purchasing an espresso with their cell phone, chances are you’ve most likely run over some type of Digital wallet amid your shopping in the previous year. Digital wallets are proceeding to pick up footing all inclusive just as in the Middle East and it’s gradually changing the manner in which we consider payments.

In this blog we are going to see about digital wallet and what’s happening in the right now that may lead to a digital wallet revolution in the coming years.

What is a digital wallet?

  • An application on the mobile phone that processes electronic payments
  • A mobile device that has a secure element associated with it that allows important financial and personal data to be stored on the phone
  • A service that lets users integrate payment, loyalty, account history, and financial instruments all in one application
  • A service that is usually targeted to cardholders, although some offers do focus on merchants

A digital wallet is basically precisely what it sounds like: a “wallet” that lives on an digital platform, (for example, a cell phone or internet browser) rather than in your pocket or tote. The innovation gives an advantageous method to arrange your installment strategies and eventually pay for merchandise and ventures without the need to convey anything over your cell phone.

How do digital wallets work?

A customer can utilize all of their stored information simply by opening an app on their phone, entering in a PIN, password or fingerprint and then selecting the information they need to access. The app then utilizes information transfer technology such as Near-Field Communications (NFC) to interact with mobile wallet ready payment terminals.

  • Mobile wallets store your credit or debit card securely
  • They may also store your loyalty cards, coupons, tickets, etc
  • They communicate with terminals using a variety of technologies

That’s where you come in as a small business owner. Without a device that receives mobile wallet information, you won’t be able to take advantage of this increasingly popular payment mechanism.

Digital wallets and Middle East

When taking a gander at the ascent of digital wallets internationally, there are three fundamental factors that are at present driving interest: innovation, socioeconomics and development. For Middle Eastern markets, these variables are especially fascinating the same number of nations in the locale is seeing sensational changes over each of the three that will majorly affect the digital wallet use in the coming years.

As far as innovation, the significant main thrust is the expanding infiltration of top of the line cell phone gadgets. As almost all cutting edge cell phones can go about as a digital wallet, this pattern has prompted almost universal portable wallet entrance, regardless of whether numerous buyers are not utilizing (or even mindful of) the component. At this stage the test is more about shopper training and boost than access to the innovation.

Notwithstanding the positive innovative move, socioeconomics are additionally pushing toward expanded digital wallet use. As recent college grads and Gen Xers progressively expect their cell phone to control their lives (think internet based life, web based shopping, voyaging, and work), merging installments into a similar gadget turns into an alluring and legitimate subsequent stage.

Foloosi Pay

The third factor, development, is likewise grabbing hold over the area with an expanding populace of business visionaries who are anxious to take care of old issues by utilizing new innovation.

Finally, while the innovation is still at the early selection stage, digital wallets have just considerably affected different parts of the payment scene. For retailers and E commerce platforms alike, digital wallets are turning into a basic device for overseeing payments.

For high-recurrence organizations, similar to basic needs and petroleum stations, quicker payment handling and a decrease in real money exchanges can possibly improve effectiveness. In eateries, advanced bill conveyance and payment can quicken table revolution and decrease staffing necessities. For retail, digital wallets take into account simpler to execute dependability programs and can even consider progressively nitty gritty purchaser conduct following.

Digital wallets offer a range of benefits to both consumers and the business communities

Foloosi Technology, a payment gateway UAE brings to you easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

Foloosi Payment

Foloosi Technology, online payment gateway UAE provides a convenient way for a user to make in – store payments and can be used at business listed with the Foloosi Technology service provider.

Scan and pay instant using Foloosi app!

List of Payment Gateways For UAE

What is Payment Gateway?

Payment gateways are a standout amongst the most essential highlights of any online internet business store. The principle inspiration driving the achievement of any online business is, the means by which well clients are changing over. Presently for clients to really purchase anything from your site, first they need trust in your store. Payment gateways can assist you with developing that trust. As indicated by Woocommerce having an appropriately set-up payment gateway door framework makes dependability as well as essentially drops the relinquished truck rate.

To get your bit of pie it is critical for you to invest some energy in choosing which payment gateways passages you should offer on your store. There are such a significant number of choices for payment gateways entryways that it winds up hard to pick one as you need to see your own comfort just as clients. We have recorded beneath probably the best Payment gateways with their upsides and downsides, this will assist you with deciding what you need and what you don’t.

In UAE, payment gateway is provided only for those who owns a business or run a reputed website/ app. Payment gateway will not be provided for the individuals, merchants who run a business without a website.

List of Payment Gateways in UAE

1. Foloosi

Foloosi Technology, a payment gateway UAE brings to you easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

Foloosi - Logo

For Android :
https://play.google.com/store/apps/details?id=com.foloosi.customer&hl=en

For iOS :
https://itunes.apple.com/us/app/foloosi/id1424241732?ls=1&mt=8

Foloosi Technology, online payment gateway UAE provides a convenient way for a user to make in – store payments and can be used at business listed with the Foloosi Technology service provider.

2. Telr

At first known as Innovate Payments, it was once considered as a standout amongst the best new businesses of UAE. Telr offers its administration in excess of 120 monetary forms around the world. One of the remarkable highlights of Telr is that they offer their administrations in creating nations like Indonesia and Pakistan. Their yearly support cost is $ 95, $27 and $13.5 for section, little and medium dimension accounts separately.

There is additionally no charges on the settlement to the trader represent the section level arrangement. Their administration charges are referenced underneath: