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.