Interesting facts:
Full versionThe small and medium enterprise (SME) sector plays a key role in the UAE economy and is one of the priorities of government policy. It is not a secret that economic stability and growth are impossible without a developed small and medium business sector. Given the importance of this economic sector, the UAE government has identified it as having the highest priority within the framework of implemented public policy.
Such initiatives by the country primarily affect the investment climate and the opportunities for organizing and developing small enterprises. It's worth noting that small businesses in the UAE gain access to a favorable business environment, developed infrastructure, and international markets. Key advantages of doing business in the UAE include:
Development of small and medium businesses—as part of diversification strategy
According to international economic experts, small businesses in the UAE are vitally important for the country's economic policy, aimed at getting away from oil dependency and diversifying the national economy. The choice of such a strategy has become a landmark for the small business sector, turning it into the most important area of the country's economy.
Small businesses in the UAE are predominantly engaged in market segments such as the manufacturing and trade of consumer goods and the provision of professional services, retail trade and tourism. Some major sectors having the leading role in such segment include catering, services and hotel industry.
Currently, according to forecasts, it is expected that the number of enterprises involved in such market segments will grow rapidly. Registering new companies helps create jobs and develop the economy.
Official figures:
Small businesses account for over 60% of the UAE's Gross Domestic Product. Small and medium-sized enterprises (SMEs) account for a significant portion of registered companies in the UAE (approximately 90%). A significant portion of the workforce (over 90%) is employed in the SME sector.
The Government of the United Arab Emirates understands that for the active growth of small business development it is not sufficient to provide only passive assistance. To this end, the UAE has programs to support entrepreneurship, including initiatives from the UAE Ministry of Economy SME programs, Dubai SME, Khalifa Fund, Hub71, accelerators (such as DIFC FinTech Hive), as well as preferential regimes and infrastructure support provided by free economic zones and mainland jurisdictions.
Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:
Our consulting company provides comprehensive support for setting up a business in the UAE, both in free zones and on the mainland.
We help determine the optimal location for registration, taking into account the type of activity, licensing requirements, tax regime, and planned business structure.
We support clients through all stages—from choosing a jurisdiction to launching operations and subsequently with accounting and reporting. Our specialists will ensure transparency, regulatory compliance, and an effective business structure.
More articles from "Dubai & UAE business news":
