Mindless Musings

I’m in the process of starting up my first company!  Exciting times I know, but also a bit hectic.  One thing I’ve come to find out is that this is a task that requires more time than I expected.

Creating Apps??

Actually first let me explain that I’m currently developing an application for the iPhone and iPad.  While I was “wasting away” in Iraq and Afghanistan this last summer, I used my iPad for hours on end.  I started thinking of different apps that could be useful and figured that I could create these myself.

I then took a months vacation in Italy and one day when I was floating in the Mediterranean down in Positano, I said to myself, I need to start focusing on how I can really start to build a better life.  A life that could include me taking several months of vacation in Italy (haha).   Anyways, I went back to work re-energized and was focused that I’d start spending my spare time working towards that goal.  I began planning out what I wanted the app to do and what kind of website and database would be needed to support this effort.

So that brings me to where I am now; with an idea, a blue-print to create this and drive to make it happen.  But I’m stuck a bit.  I’m weighing the pros and cons of opening a company in my homeland of the US, or opening this up as a company in Dubai in the Free-Trade Zone.

There are trade-offs for both scenarios, with Dubai’s biggest draw being that my profits are 100% tax free!  Of course, I can’t write of any of the expenses that come with starting/having a company, and that is the big draw of opening up in the US.  In the US, I can write of company expense on tax returns vs just having to use my own money for these expenses in Dubai.

So if anyone reading this blog has any insight or suggestions for me, I’d be thrilled to hear them.