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WHY SHOULD YOU SET UP A COMPANY IN UAE?
As the UAE continues to thrive as a global business hub, economic zones and free zones remain crucial players in supporting the business ecosystem. The UAE continues to attract investment in the country, driving entrepreneurs and SMEs to set up locally-based businesses, adding to the national economy.
The National Agenda for Entrepreneurship aims to establish the UAE to become an entrepreneurial nation by 2031. The National Agenda includes 29 initiatives aimed at enhancing the business environment and entrepreneurial mindset in the UAE, and an integrated package of incentives that will enable the country to increase the number of its start-ups to reach one million, incubating ten unicorn start-ups, and achieve a strong partnership between the public and private sectors.
As part of its national entrepreneurship agenda, the UAE aims to become the entrepreneurial nation of choice reaffirming its commitment to further improving the start-up ecosystem and paving the way for success.
With a world-class environment to support the entrepreneurship sector, the UAE presents an integrated system of initiatives and legislation that serves as a growth engine for the country’s GDP. In the last few years, the UAE revealed pioneering measures, including a change to local ownership laws now allowing 100% UAE foreign ownership (outside of a free zone) as well as more flexible visa schemes aimed to attract further foreign investors and entrepreneurs to the region.
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