Starting a business in Dubai would be ideal for any entrepreneur. The city is known to be UAE’s commercial capital and has transformed itself from a small-time trading place to a diversified hub. Business startups take advantage of the enormous commercial prospects and innovative business modules offered by the city. But, is its safe place to start a business in Dubai and consider residing here?
The answer to that is YES! Starting a business in Dubai is better than most developed countries in the world. There are multiple reasons to prove this, however, in this article we will explore some of the most recent ones.
- Dubai fall under SDG 11 of the UN’s 2030 agenda
A panel discussion on sustainable and resilient cities held by the top governmental executives of Dubai, reportedly stated that the city has achieved the majority of sustainable development goals that fall under SDG 11 of the UN’s 2030 agenda.
Reportedly at the third annual UAE Public Policy Forum (PPF) speakers noted that Dubai’s accomplishments as a city in the areas of healthcare, transportation and essential public services. SDG 11 focuses on making cities and human settlements inclusive, safe, resilient and sustainable that further confirms that Dubai is a safe place to start a business as per UN civil standards.
- Dubai SME and their initiatives
Dubai SME is an initiative made by the Dubai government to uplift small and medium enterprises in the city. Most of the economy is generated by SME companies in Dubai. Hence, the government through Dubai SME offers initiatives and perks to the small and medium businesses in Dubai. The also create opportunities for such entrepreneur to start a business in Dubai.
- DED Dubai and DED Ajman signed an MoU
Reportedly, the Department of Economic Development in Dubai along with DED of Ajman have signed a Memorandum of Understanding (MoU) with Dubai SME. The aim is to employ various programs so that they can enhance support to the entrepreneurs. The MoU seeks to implement programs for SMEs such as offering concessions, providing training and helping through marketing of the company. Also, other such initiative where taken into consideration in the MoU, making it easy for SME’s to start a business in Dubai.
- Dubai AIM Startup
Organised by the UAE’s Ministry of Economy – Dubai AIM is a startup investment event in the region. AIM Startup is the ideal stage for startup companies looking to raise capital, expand into new marketplaces and create commercial networks. Dubai AIM Startup event will see major investors, business leaders, representatives of international institutions and government entities, as reported.
- Sustainable Business Modules
Sustainability Business Modules is not just a buzz word but a vision in today’s UAE market. A range of agreements, plans, strategies and projects have been launched understanding the need of commercial entities. The Dubai government focuses on utilities that have already successfully transformed businesses and purposes the integration at various levels.
- The Commercial Law of UAE
UAE has been known for alluring every business opportunist due its efficient licensing rules, infrastructure, and ease of setting up a business in the region. But the commercial law of UAE is also one of the most sort after commercial laws applied to the companies. Although, there are several misconception rounding the commercial law of UAE, the law ensures to protect each of the shareholder / partners involved in the process of company formation in UAE.
Do you need to know more about company formation in Dubai and the commercial laws associated to it? Are you still not sure if Dubai is safe to start a business?
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