Shawn Green, founder of water filtration business Sprudel, says he trusts himself more than anybody else with his money. So, he keeps it simple and saves his money in a simple savings account. Photo: Reem Mohammed / The National
Shawn Green, founder of water filtration business Sprudel, says he trusts himself more than anybody else with his money. So, he keeps it simple and saves his money in a simple savings account. Photo: Reem Mohammed / The National
Shawn Green, founder of water filtration business Sprudel, says he trusts himself more than anybody else with his money. So, he keeps it simple and saves his money in a simple savings account. Photo: Reem Mohammed / The National
Shawn Green, founder of water filtration business Sprudel, says he trusts himself more than anybody else with his money. So, he keeps it simple and saves his money in a simple savings account. Photo:

Money & Me: ‘Taking a pay cut was worth it to help save the planet'


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Shawn Green is managing director of Sprudel, a subscription-based eco-friendly water company he founded to reduce reliance on single-use plastic bottles.

British-born, he moved to the UAE in 1992, then went to Germany for almost 10 years where he experienced plastic-free water consumption.

Mr Green, now 37 and living in The Springs, Dubai, started Sprudel in 2014. It installs filtration machines in corporate offices, restaurants and cafes, bringing cost and environmental savings.

What brought you to the UAE?

My father was in construction in the UK. The industry took a turn for the worse in the 1990s and he lost his job. Then, it was a toss-up between Bahrain or Sharjah. Dad came to the UAE to make money for the family, initially for six months. We followed as a family that summer and loved it. I was nine. It was a small compound where everyone knew each other. It was like a prolonged holiday for us. We were in Sharjah for three years and then moved to Dubai.

How did your upbringing shape your attitude towards money?

We weren’t the richest family, never been big spenders, but my parents took me and my elder brother on vacations. We came here with about Dh500. It had to be done, financially. That’s how we survived. I’m lucky to have had the upbringing I had here. I learned about sacrifice for survival. You do what you’ve got to do, especially for family.

How much were you paid in your first job?

Dad was a mobile cranes mechanic and I followed in his footsteps. From when I was six, I used to go to work with him at weekends where I fell in love with the industry. I said I wanted to work with Liebherr, a company that manufactured cranes.

At 20, I went to Germany to do an apprenticeship in mechatronic engineering, then did service engineer training. My first pay cheque was €520 (Dh2,250). I budgeted. I had rent to pay, but you also want some fun.

What brought you back to the UAE?

Initially construction, in 2010. The company my dad helped build was, and is, thriving. The plan was always to come back to work there, under him. I had a good three years, training people, using my knowledge and skills and started thinking about setting something up myself. Sprudel has been going six years and I’ve been with it full-time for three.

Why did you choose the drinking water sector?

In Germany, they live very differently when it comes to drinking water. They are a lot more sustainable and environmentally focused. We are capable of doing the same thing here (without plastic bottles).

In my previous job, going to corporate offices for meetings, you see they’re one of the larger culprits. Putting together a solution for them to go more sustainable was the key factor in setting up Sprudel. I’m a firm believer that if a human being has the correct education and knowledge, they will make the right decision.

Mr Green says his best investment is an apartment he bought 11 years ago in Germany. He bought it for €120,000 and it’s now worth €300,000. Photo: Reem Mohammed / The National
Mr Green says his best investment is an apartment he bought 11 years ago in Germany. He bought it for €120,000 and it’s now worth €300,000. Photo: Reem Mohammed / The National

Does everyone understand it?

The biggest frustration is when you sit opposite a restaurant manager and say, ‘We’ve got solutions where you can take your restaurant plastic-free’ and they laugh and say, ‘But I buy bottles of San Pellegrino for Dh2 and sell it for Dh48’.

The reason we do mainly corporates is that we can make a bigger impact in a shorter amount of time. I’d rather influence 300 people in one hit than waste petrol going door-to-door. We don’t slap a machine in and that’s it, we also do talks on health and environmental benefits.

Did you take a pay cut to run Sprudel?

Yes. Construction pays pretty well, especially with that qualification I got in Germany; it’s very niche, a maximum 80 people worldwide have that. I used savings for my company, initially founded as a side hustle. I was getting paid for my day job and investing into this until it got to the stage we’d grown quite well.

But I’m not interested in the money side. We’re in it for the right reasons … to help save the planet. I believe in what we do, that it’s worth taking a pay cut.

What is your attitude towards spending and saving?

I’ve always lived well within my means. I’ve never been one for splashing out, not on silly things. That comes back to my parents. I’m very capable of saving, I should save a lot more, but I’d rather invest it back into the business.

I've never been one for splashing out, not on silly things. I've never understood the materialistic thing

Where do you save?

Savings account … I try and keep it as simple as possible. I trust myself more than somebody else with my money. They might be able to get me 0.5 per cent more, but I like to be in control.

What has been your best investment?

When I was in Germany, I bought an apartment 11 years ago. Lucky timing. I bought it for €120,000 and it’s now worth €300,000. I’ve got that to fall back on.

What treats do you enjoy spending on?

The trips my partner and I have are very special. Life experiences I’m fortunate to be able to afford … that’s how you grow and appreciate what you have. We go to nice places, but not super expensive.

Do you have a philosophy towards money?

If it’s used in the right way, for good, and your energy and focus are going towards the right way, then it’s a very positive thing to have. We’re doing a lot of good for the planet … if we didn’t have the money, it wouldn’t be as possible. So, money’s a tool to make me happy through action, but I’ve never understood the materialistic thing. I drive my mum’s old 2004 model Lexus, 170,000km and still going. It’s just a mode of transport.

I’ve seen what money does to some people; become super rich, and someone I don’t want to associate with.

Is there anything you regret spending on?

I made the mistake of getting us a stand for a two-day hotel exhibition. It cost close to Dh30,000. That was six years ago and we wanted to get into that hotel world, but they weren’t ready. I put it down to experience.

How has the pandemic impacted your lifestyle?

I found that I was quite good at baking and put on six kilos. Then we bought a spinning bike, so I’ve lost four of those. We increased the use of local produce – spent considerably less, bulk bought – and also ordered directly from local restaurants instead of delivery apps. Home cooking isn’t necessarily cheaper than going out. If I spend over Dh20 on an Indian meal, I’m annoyed.

Do you have a retirement strategy?

My plan, since I can remember, is to retire at 45. Whether I achieve that, we’ll see, but that’s the focus. I’m investing short-term in myself and the company to grow to become the biggest sustainable company in Dubai, to then be able to pass it on to somebody else to carry the baton. I’ll happily sit in the back seat and be driven.

I imagine myself being 70, sat on a golf course chilling and looking back at the decisions I made.

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid