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Business support programmes in the UAE
The United Arab Emirates is not only luxurious resorts and high-rise skyscrapers, but also a real oasis for entrepreneurs, where the government actively supports the development of small and medium-sized businesses. In this article, we will break down how to take advantage of the benefits and assistance offered by the UAE government.
Government support:
- The Entrepreneurial Nation. This platform is a veritable treasure trove of free programmes, workshops and training courses for entrepreneurs. Register on the site and get access to valuable knowledge and resources.
- Government Funds: The UAE is actively investing in small business development, offering tax incentives, financial support and free expert advice.
Key funds and programmes:
1. MBRIF (Mohammed bin Rashid Innovation Fund)
The fund aims to support innovation in key sectors including renewable energy, transport, education, IT, health and water. MBRIF funds both regional and global organisations that offer promising innovative solutions.
2. Innovation Accelerator Programme
This programme is designed for entrepreneurs at the initial stages of business development. You will be selected by submitting a video describing your innovative product or service. The programme will help you to develop a business model, find customers and employees.
3. Guarantee Scheme
The programme provides an opportunity to get a loan for business development on favourable terms. It is necessary to pass several stages of selection.
4. Mohammed Bin Rashid Establishment for SME Development
This is a division of the Ministry of Economic Development (DED) in Dubai, which offers comprehensive support for small and medium-sized enterprises.
What it offers:
- Training on trade licences, financing, investment, product promotion, rating systems, government procurement, etc.
- The Ztartup accelerator enables start-ups to accelerate their development and get to the next level.
It is also worth bearing in mind additional opportunities: the UAE offers many free economic zones with flexible rules and tax incentives for entrepreneurs. It is also possible to interact with business incubators and accelerators. Startup support centres are actively developing in the Emirates, providing workspace, advice and access to investment.
How to maximise the benefits:
- Explore information: visit the websites of government funds and programmes to find out about current offers and terms of participation.
- Contact experts: contact small business support centres for advice on legal, funding and business promotion issues.
- Participate in events: attend business forums, conferences and exhibitions to learn about new opportunities and make valuable contacts.
The Emirates provides entrepreneurs with exceptional conditions for business development. Government support, a comfortable business climate and modern infrastructure make the Emirates an ideal place to realise your entrepreneurial ideas.
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