Dubai is boosting startups and SMEs – Are you capitalising?

Spectacular skyline of Dubai, UAE. Futuristic modern architecture of a big city at sunset. Aerial view.

By Neil Petch

In this article, the author outlines the latest and most exciting entrepreneur-friendly initiatives from the Dubai Department of Economic Development (DED), and summarise how they can help catalyse your business activities in the UAE.

It’s good to know that the UAE government continues in its determined push to make it as easy as possible for entrepreneurs to start and grow an enterprise. Proof of this proactivity is in the avalanche of new initiatives aimed at cutting red tape and fostering growth. There are also services available like this accelerator program Dubai as well, aimed at startups.

Commenting on the World Economic Forum website, Dr. Aisha Bin Bishr, Director General of the Smart Dubai Office explained: “We have established an international reputation as an economic and investment centre. And we have achieved this success by diversifying our economy through vast development in sectors such as tourism, real estate, retail, travel, logistics, and finance.”

In fact, the city’s Department of Economic Development (DED) has gone into overdrive to help entrepreneurs start and grow their ventures.

There’s a wealth of information out there, so to help out, I’ve pulled together the latest and most exciting  entrepreneur-friendly initiatives from the Dubai DED (below), and I’ve summarised how they can help catalyse your business activities in the UAE.

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About The Author

Neil Petch is the Chairman of Virtugroup. With a history of business successes, he is well known in the UAE and beyond as a visionary entrepreneur with a passion for helping others establish and grow their own businesses. He founded Virtuzone in 2009 and quickly established it as the region’s leading company formation expert, before launching Virtugroup, a holding company that has a wider mandate of supporting startups from establishment; to successful market entry; and all the way through to exit.

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.