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Asset Publisher
-
- Who We Are
- Strategic Objectives
- Organisational Structure
- Senior Management
- Departments and Sectors
- Excellence Awards
- Quality Certificates
- Strategic Partners
- Innovation
- Sustainable Development Goals
- Integrated Management System (IMS) Policy
- Risk Management System Policy
- Asset Management System Policy
- Business Continuity Management System Policy
- Governance Policy
-
- Investor Navigator
- Investment Environment
- NextGen FDI
- UAE Africa Gateway
- UAE National Cluster Strategy
- UAE Lifestyle
- Investment Incentives
- Promising Sectors
- Foreign Investment Inflow
- Future Economy
- Competitiveness Indicators
- Free Zones
- Legislative Environment
- Establishing Businesses
- Set up companies via Basher
- UAE Export Development
- Investment Support Entities
- Talent Attraction & Retention
- FAQs
- Success Stories
- Exhibitions and Events
- Business Forums
- Investment Publications
- Contact Us
-
- Cooperative Associations and Strategic Stock of Food Commodities Legislations
- Companies' Legislations
- SMEs' Legislations
- Certificate Of Origin and Anti-Injurious Economic Practices Legislations
- Regulation of competition legislations
- Commercial Transaction Legislations
- Intellectual Property Legislations
- Commercial Agency Legislations
- Consumer Protection Legislations
- Auditors Legislations
- Anti-Money Laundering Crimes Legislations
- Cabinet Resolution on the Organisational Structure of the Ministry of Economy
- Cabinet Resolution on MoE Service Fees
- Common Contracts Projects
- تشريعات تنظيم المنافسة
Breadcrumb
Goals
The National Entrepreneurship Agenda
- The UAE will become the entrepreneurial nation by 2031
- Home to 10 unicorns start-up companies by 2031
- One of the top 3 countries in the Global Entrepreneurship Index
Supportive Environment for Entrepreneurship in the UAE
The UAE enjoys a world-class environment that supports and regulates the entrepreneurship sector, with an integrated system to incubate entrepreneurial projects and accelerate their growth. The concerned government entities are developing initiatives and programmes that serve as growth engines and major contributors to increasing the UAE's GDP. The entrepreneurship ecosystem in the UAE has been greatly enhanced through several decisive measures and decisions taken at the federal level, which include allowing full foreign ownership of companies in all activities, providing golden visas for entrepreneurs, in addition to dozens of promising advantages and incentives. Over the past two decades, specialised free zones have also contributed to establishing a solid foundation for entrepreneurship in the UAE. With its supporting strategies, the Ministry of Economy seeks to increase the number of SMEs in the UAE and enhance the contribution of this sector to the GDP.
Enablers of the Entrepreneurship Sector
- National Agenda to support entrepreneurs
- 10+ key government programmes
- 11+ accelerators for entrepreneurship and startups
- 100% foreign ownership of companies
- Golden visa for entrepreneurs
- Free zones and integrated business communities
Entrepreneurship is a priority
in the "Fifty Economic Plan"
The "Fifty Economic Plan" represents our vision for the economic framework in the UAE for the years 2021-2030. Its main pillars aim to stimulate entrepreneurship and small and medium enterprises, spread the culture of entrepreneurship among future generations and establish the position of the UAE as a global hub and destination for entrepreneurship, especially in the areas of innovation and technology. The Fifty Economic Plan falls under the umbrella of the "Year of Preparation for the Next Fifty" strategy, which is the largest national strategy of its kind in preparation for the next fifty years at all levels of the federal and local state.
UAE Retains First Place in the Global Entrepreneurship Index for Two Consecutive Years, 2021 and 2022
The UAE has managed to retain its position as the global leader in the Global Entrepreneurship Index for two consecutive years, 2021 and 2022. This achievement underscores the national efforts that have been intensified over the past few years to improve the business environment and elevate its competitiveness on a global level. The Ministry of Economy is currently focusing its efforts on enhancing the business environment in the country to ensure that it meets the needs of the small and medium-sized enterprises sector, considering it a driving force for the national economy.

Competitiveness Indicators
Entrepreneurship sector in the UAE
4th Globally
Venture Capital Availability
World Economic Forum
2022
5th Globally
Innovative Business Growth Index
World Economic Forum
2020
6th Globally
Business Growth and Venture Capital
Digital Competitiveness Index
Competitiveness Yearbook 2020
1st Globally
Global Entrepreneurship Index
Global Entrepreneurship Monitor
2021-2022
17th Globally
Business Efficiency
Competitiveness Yearbook
2022
Our current plans
Improving the entrepreneurial ecosystems
Diversify of financing
options and facilitate
banking procedures

Reduce
business costs
for SMEs

Expand the scope of
incentives and facilities
related with government
procurement

Upgrade to Entrepreneur
Residence Visa

Support innovative
businesses

Strengthen digital
transformation

Exclusive benefits...
Golden Visa for Entrepreneurs
Experienced entrepreneurs from all over the world can apply for a golden visa to establish businesses in the UAE. These long-term residence visas will be grated to them and their families to be a part of the UAE’s success story. Investors and entrepreneurs can apply for a golden visa provided that they meet the specific conditions and requirements. The Golden visa is issued for a period of 5 or 10 years depending on the type and category of the visa, without the need to of a national sponsor. The duration of the residence visa for the entrepreneur and his family members is five years, subject to renewal. The entrepreneur may obtain visas for service workers, and nominate three CEOs and their family members to obtain the golden visa, provided that they commit to working with the entrepreneur for the duration of the residency permit.

Future plans for the sector
SMEs in the
next ten years
No of companies in 2022
558 thousand companies
Target 2030
1 million companies
An overview...
Micro, small and medium enterprises sector in the UAE
- Micro-enterprises: 395 thousand -70.9%
- Small enterprises: 150 thousand - 26.8%
- Medium enterprises: 13 thousand - 2.3%
In numbers...
SME Sector Achievements in the UAE
- 63.5% SME sector’s contribution to non-oil GDP in 2020
- 37.5% Average growth in funding per deal for start-ups in 2020
- 10.2% Increase in the number of Emirati-owned companies in 2022
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Ministry of Economy's Unified Number
800 1222
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Page was last updated on:
14 Feb 2025 12:53:06 PM