Small and Medium Enterprises in Dubai

Small to Medium Enterprises or SMEs are business entities defined by their size and capacity. The elements that define these metrics can be categorized based on the number of employees, assets, gross revenues or mixture of one or more. These factors are further associated with the type of industry the company operates in. We will discuss how business setup in Dubai is facilitated with the help of UAE’s laws.

Why SMEs are Important to Economies

All and all, SMEs contribute a major percentage, making up majority of businesses in most economies. As an international hub bustling with business activity, Dubai is a renowned destination for entrepreneurs and investors from all around the globe. Sound policies, incorporation benefits and tax free zones are among the major attractions for SMEs in this part of the world. 

SMEs in UAE

Generally, SMEs are more versatile, easily incorporated and company setup cost is lower than larger ventures. Since these companies dominate Dubai’s business sector, the government of UAE takes special care of these legal entities with lucrative laws and specific incentives to encourage more investment in the region. 

For decades, SMEs in Dubai have served as anchors, driving job creation, innovation, business models and prototypes. They account for an overwhelming 95% of enterprise population in Dubai and take on 43% of the total workforce. To ensure these companies remain intact and prosperous, the UAE government has taken certain measures to help growth and expansion of this sector in the most effective means possible. With the World Expo 2020 closing in, SMEs are expected to surge further more in Dubai.

Source:https://ibgme.jimdo.com/