Life gave crypto businessman Ilman Shazhaev lemons when he got stuck in Dubai in the wake of the COVID-19 lockdowns. However, like the old adage, he “made lemonades” by recognizing the opportunities in the country.
“At first, it was a coincidence — I got stuck in Dubai during the lockdown. Soon enough, I realized that this is the best place to conduct international business: very lucid business regulations plus an excellent environment for entrepreneurs.” Apart from this, the businessman also mentioned the advantages of IT-related businesses when it comes to taxes. “For me, the best news is that since the government is strongly interested in helping the IT-sphere evolve, such companies are exempt from taxes,” he said.At first, the entrepreneur has also faced several difficulties while doing business in the region. Being a multi-cultural location, Shazhaev says it took some effort to adapt.
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