Spotify a November 2012 report suggested strong momentum for the company. In 2011, it reported a near US$60 million net loss from revenue of $244 million, while it was expected to generate a net loss of $40 million from revenue of $500 million in 2012. Another source of income was music purchases from within the app. This service was removed in January 2013. In May 2016, Spotify announced "Sponsored Playlists", a monetisation opportunity in which brands are able to specify the audiences they have in mind, with Spotify matching the marketer with suitable music in a playlist. That September, Spotify announced
SFM Corporate Services its headquarters to Dubai. There, the company continued to offer services like international tax planning and corporate structuring (among others). In April 2015, SFM collaborated with officials from the Ras al-Khaimah emirate on a roadshow in Geneva. SFM is a member of the International Tax Planning Association and the International Financial Management Association. Services include obtaining UAE residency, corporate structuring, opening bank accounts, and others. SFM acts as a resident agent in order to register companies in onshore and offshore jurisdictions. Most of SFM's services are provided online through its different websites, "Dubaicompany" or "SFM Offshore." SFM Corporate Services SFM