6 Reasons to Enter the United Arab Emirates Market

The United Arab Emirates is a rapidly growing economy, making it an attractive destination for companies looking to expand their business. With a diverse culture, a thriving business environment and modern infrastructure, the United Arab Emirates has become a hotspot for startups from all over the world.

With a well-developed infrastructure, attractive tax incentives, a thriving marketplace and a growing economy, the United Arab Emirates is a great place for startups to establish their operations and grow their business

Furthermore, companies can gain great benefits by entering United Arab Emirates, some of which we have listed below:

Stepping Stone into MENA

The UAE leads the MENA region with their innovation policies and active commitment to developing the market. Currently around 50% of investment and activity in the MENA region takes place in the UAE. Startups entering here will be able to access the entire MENA market.

Ease of doing Business

The UAE ranks 16th globally, and 1st in the MENA region for ease of doing business, thanks to their open, transparent regulatory framework. The nation places high value on partnerships, and connecting with the broad networks within the country allows companies to do business with ease in both the public and private sectors.

Focus on a Variety of Industries

There are multiple projects within the region driving development and growth in different industry sectors in order to diversify the business portfolio of the country. These include, but are not limited to, AgTech, FinTech, HealthTech, ICT, Education, Sustainability, eCommerce and Supply Chain.

Dynamic and growing Startup & SME Community

The UAE has spent a lot of time and effort to develop their Startup and SME Communities. These communities provide support and a variety of incentives to enable companies to enter and grow smoothly.

Attractive Policies for Foreign Companies

The UAE has a variety of different legislations to support and smoothen the process for companies to enter the market. This includes allowing 100% foreign ownership for multiple economic activities in specialised sectors, providing a tax-free system and clear governing laws in English.

Leader for VC funding in the MENA region

Investors from the MENA region and have poured $4.2B into the scaleup economy so far, with the majority of the funding happening in the UAE. Funding in the UAE reached a value of $579M in 2020 through 129 deals.

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