UAE is an active startup hub

The UAE is no doubt one of the best global startup hotspots in the world. Even developed countries such as Singapore, New Zealand, Japan, Germany, and the US have a hard time competing with what the UAE has to offer. If you ever plan to set up company in Dubai or other emirates of the UAE, you would be happy to know how its government supports startups like yours.

Because of UAE’s goal to make its country a place for startups, you would be surprised that more than 90% of all enterprises in the country is made of small and medium-sized enterprises (SMEs) and startups. This explains how coworking space Dubai become more and more popular because of the different small grassroots companies emerging across the country.

There are different programs and initiatives the UAE puts forward to encourage startups to invest in UAE and support their growth. One of these is the Khalifa Fund for Enterprise Development. It is a non-profit agency that helps in setting up SMEs and putting up programs to foster innovation among small companies.

Dubai, one of the wealthiest Emirates of the UAE, offers government reforms headed by the Department of Economic Development (DED) to achieve sustained economic growth. The reform includes the plan to allocate funds for SMEs to start, grow, and expand their business. Thus, it is not surprising to see that a lot of entrepreneurs are turning their head to the UAE for government support.

Aside from direct backing of the UAE government to startups, there are also other indirect ways the UAE is encouraging people to start businesses and companies in the country.

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