National Agenda for Entrepreneurship and SMEs
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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 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
- Competition and Anti-Dumping 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
Breadcrumb
Entrepreneurship Strategic Framework
The National Agenda for Entrepreneurship and SMEs
The National Agenda for Entrepreneurship aims to establish the UAE to become the entrepreneurial nation by 2031. The National Agenda includes 29 initiatives aimed at enhancing the business environment and entrepreneurial mindset in the UAE, and an integrated package of incentives that will enable the country to increase the number of its startups to reach one million, incubating ten unicorn startups, and achieving a strong partnership between the public and private sectors.
4 Major Directives of the National Agenda for Entrepreneurship and SMEs
Strengthening the UAE’s status as a destination for global business and entrepreneurship
Enabling entrepreneurial
and SME projects to
achieve accelerated
growth
Encouraging SMEs and
the entrepreneurship
sector to innovate and
increase productivity
Enhancing the culture of entrepreneurship amongst different sectors of the society
7 Themes within the National Agenda for Entrepreneurship and SMEs
Themes within the National Agenda for Entrepreneurship and SMEs
Ease of doing business
Reviewing and developing legislation and policies to facilitate doing business
Innovation
Stimulating innovation in priority economic sectors
Business Support
Providing solutions to support SMEs and increasing their efficiency
Digital transformation
Building a supportive environment and developing incentives that support digital transformation
Funding
Providing various channels for financing start-ups and SMEs
Human capital
Encouraging various segments of society to enter the field of entrepreneurship
Increasing demand
Enable SMEs to access different markets
Growth of the SME Sector
Our Work Directives
Accelerating the Growth of the SME Sector
Constant review of business environment based on requirements of startups
Facilitating the process of establishing small and medium-sized enterprises in the UAE
Providing knowledge, inspiration for future generations to start own businesses
Supporting the productivity of SMEs and improving their performance
Giving priority to Emirati-owned companies in government contracts
Increasing the contribution of SMEs to the GDP
Attracting international technology startups
Accelerating the transformation of startups into public joint stock companies
Achievements in numbers...
Increase in Demand for Launching Pilot Projects
Efforts to spread the culture of entrepreneurship among the youth and university graduates of the UAE have begun to yield results as statistics indicate that university graduates of various nationalities who have established start-up companies increased to 43 percent. Startups established by graduates were based in Abu Dhabi, Dubai and Sharjah. The number of registered companies owned by nationals increased by 9.5 percent in 2020 compared to 2019, while the number of UAE graduates who established entrepreneurial projects increased by 54 percent over the past three years.
- 9.5% Registered companies owned by UAE nationals
- 43% University graduates of different nationalities who have established start-ups
- 54% Percentage of Emirati graduates who have established entrepreneurial projects
Classification of companies
Micro, Small and Medium Companies
Trade
Micro
Small
Medium
Total revenue
(AED million)
< 3
< 50
< 250
Or Number of
Employees
< 5
50 - 6
200 - 51
Industry
Micro
Small
Medium
Total revenue
(AED million)
< 3
< 50
< 250
Or Number of
Employees
< 9
100-10
250-101
Services
Micro
Small
Medium
Total revenue
(AED million)
< 3
< 50
< 200
Or Number of
Employees
< 5
50 - 6
200 - 51
Learn About
Classification of Small and Medium Enterprises
First, SMEs are classified into sectors according to the economic activities they engage in, namely, the trade sector, the industrial sector and the service sector. Then, the businesses affiliated with each sector are classified into three categories depending on their size: Micro, small and medium-sized companies. The company size is then determined according to the number of its employees and annual revenues.
Enterprises with less than 5 employees or annual revenues of less than AED 3 million are classified as micro-businesses, while companies with less than 50 employees or annual revenues of less than AED 50 million are classified under the category of small enterprises, while companies with less than 200 employees or annual revenues of less than AED 250 million are classified as medium-sized enterprises.
Industrial companies with less than 9 employees or annual revenues of less than AED 3 million are classified under the category of micro-manufacturing enterprises. Industrial enterprises with less than 100 employees or annual revenues of less than AED 50 million fall under the category of small industrial companies. Industrial enterprises with less than 250 employees or revenues of AED 250 million fall within the category of medium industrial companies. Service enterprises with less than 5 employees or annual revenues of less than AED 2 million are classified as micro-service companies, while enterprises with less than 50 employees or revenues less than AED 20 million are classified under small service companies. Enterprises with less than 200 employees or annual revenues of less than AED 200 million are classified as medium-sized service companies.
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Page was last updated on:
19 Sep 2024 5:27:44 AM