Reasons for launching a startup in the UAE. Part 1

10 / 09 / 2020

In this article, we will look at the reasons why it is more profitable to open a startup in the United Arab Emirates than in other countries. In part one, we'll cover two of the five benefits.

If you analyze countries for the same advantages as in the UAE, you can see that the number of such places is very limited.

Even if we take the list of opportunities provided by Singapore, New Zealand, Sweden and Norway, the United Arab Emirates still holds the lead in attracting international businessmen.

Countries with very satisfactory conditions for businessmen, such as Japan and Germany, cannot compete significantly with the UAE in terms of growth rates, extraordinary dynamism, technological level, favorable location and involvement of civil servants who introduce new ideas to further develop entrepreneurship in general.

1 - A startup in the United Arab Emirates is a combination of taking advantage of the technological and economic sectors;

The United Arab Emirates has already achieved recognition in the world as a technological hub. At the moment, the United States ranks as the most technologically advanced country in the world, but the United Arab Emirates is closing the gap every day. This fact is confirmed by research conducted by the Fletcher School, USA.

The United Arab Emirates offers an economically developed environment with great financial opportunities, and it is worth considering the comprehensive support of the authorities in developing a fruitful environment for entrepreneurs from around the world.

Two companies consider the UAE as their home, the conversation is about the companies "Souq.com" and "Careem".

According to Digital Planet, the three highly developed countries driving innovation are the United Arab Emirates, New Zealand and Singapore. These are countries that have learned to create and make the best use of advantages in the global and local markets.

The top priorities for these three are the constant implementation of new technological solutions and the generation of new demand. This is where the United Arab Emirates is beating the competition, thanks to the large technology sector innovation programs that are being worked on right now, and also due to the ease of implementation.

If we talk not about the whole world, but only about the Arab region, then the Emirates take the iron first place. The UAE has established research and technical institutions to promote creativity, research and innovation.

2 - Support for startups by the UAE authorities;

The United Arab Emirates offers a ton of incentives for startups in a variety of industries. According to statistics, 95% of companies in the United Arab Emirates are small, medium-sized businesses and startups. Do you still have questions, why is the UAE the best country to start a startup?

Such a high percentage speaks of a business-oriented economy, a ready-made set of promising clients in the face of small, medium and large businesses. The Department of Economic Development, headquartered in Dubai, continually improves and implements new reform packages that stimulate the competitiveness and sustainability of the economic sector in Dubai.