Dubai, UAE

The Star Business Centre, offering state of the art fully furnished offices for new investors, business people and those international companies seeking suitable ready-made fully furnished plug-and-play workplaces, has announced that it is now ready to accept cryptocurrencies – especially Bitcoin – as a mode of payment for its services.

The company’s commercial tenants are now able to pay rents and service charges by using digital currency along with the traditional payment systems, which saves time and effort.

The digital payment system will allow Star Business Centre customers – who are multinationals and SMEs – from various industries, to focus on their business growth and expansion, without having to go through the time-consuming manual processes. Star Business Centre, part of Dubai-based Samana Group, is one of the few licensed commercial premises, service provider and diversified business conglomerate active in the UAE who have embraced the cryptocurrency payment system.

The cryptocurrency is a digital currency or virtual payment that uses cryptography (computer coding, algorithm), to operate, secure and make digital payments. The system uses decentralised control as opposed to centralised electronic money and central banking systems, which uses blockchain transaction database. One Bitcoin equals Dh51,276.07 on an average.

Keeping abreast with the digital revolution in the financial technology, Dubai has launched its own cryptocurrency in 2017 – emCash – through Dubai Accelerators programme.

Mr. Imran Farooq, Chief Executive Officer of Star Business Centre, and Group CEO of Samana Group, commented: “I am pleased to announce that Star Business Centre is ready to process transactions in cryptocurrency as the new financial technology is changing the way customers make payment. Our customers can now make their payments through cryptocurrency that reduces hassles and allows them to focus on their core activities.

“We have recently been watching the cryptocurrency revolution and how Dubai is leading the way in GCC in embracing futuristic technologies that encouraged us to enhance our business capability and align them with our business offerings. Accepting cryptocurrency from our customers in Bitcoin is the latest facility. The fundamental of our business strategy is to make our clients’ businesses and life much easier –saving time, effort and money, and eventually help them to focus on their business growth and expansion plans.”

Not only Bitcoin, there are 800 digital currencies out in the world. The current cryptocurrency market is valued at Dh1.1 trillion (US$300 billion) in 2017, according to recent reports.

“Star Business Centre is among pioneers in using cryptocurrencies in private sector of UAE. The centre is equipped with state-of-the art office facilities in two of the Dubai’s major business districts – Jumeirah Lake Towers and Business Bay. The Centre frees up business owners from time-taking feasibilities, leasing and office setup,” said Imran Farooq.

Samana Group’s Star Business Centre is helping the start-ups to boost their business with finest serviced office suites put together by the top architects, designers, and ergonomic specialists in the country who were pooled together to create the perfect meeting point for businesses. It reduces the cost and burden on start-ups.

It empowers them to take advantage of many investment opportunities in Dubai. In addition, the centre also provides start-ups with many types of assistances - such as helping complete the required business incorporation documentation, secretarial services, stat-of-the-art IT setup and coffee shops.

Star Business Centre – dealing in mainland and freezone business set-ups - is a cost-effective, one-stop-shop for new businesses, multinationals, SMEs and the companies who are planning for re-structuring – with zero hidden charges. 

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About Star Business Centre:
The Star Executive Business Centre and Star Business Centre DMCC are modern facilities situated in Business Bay and JLT, the country’s business hub, and houses state-of-the-art, fully-equipped serviced offices. It allows companies and start-ups to set up their offices at the facility that reduces the hassles that come with renting a traditional office space. It’s literally plug and play for new business owners – who could rely on the best services to new investors. The finest serviced office suites put together by the top architects, designers, and ergonomics specialists in the country who were pooled specifically to create the perfect meeting point for businesses as well as an excellent range of top-notch services and support facilities, can help reduce the cost of start-ups and the burden to set up offices.

About Samana Group:
Samana Group of Companies is a Dubai-based well-diversified and well-established business conglomerate comprising of eight companies engaged in immigration consultancy services, investment advisory, real estate development, property brokerage and asset management, playing their role in the UAE and GCC economies. Each company is a full-fledged professional and business entity, with proper business model, state-of-the-art facilities and managed by fully dedicated professional staff.

Samana Group offers diversified services to its clients. Samana Group’s strength is in its highly professional and transparent approach. The group companies render Business Management, Immigration Services and Real Estate investment and Development services with outstanding professional approach. Samana Group includes Premiers International, Star Business Centre, Global Migration Services, AAA Associates, Samana Developers, Capital Investment Company Limited and Reliance Star Properties.

© Press Release 2018