Reasons to be an Entrepreneur in the UAE

Becoming an entrepreneur is making a crucial decision that will change your life and bring you many benefits. In some cases, it’s uncertain if it’s a good idea to choose entrepreneurship over a regular job. However, there are several reasons to be an entrepreneur in the UAE and here you will discover them.

In this article, you will learn everything you need to know about being an entrepreneur in the UAE. For example, here you can find information about the benefits it can bring and how to become an entrepreneur. Besides, you will also discover some top reasons why being an entrepreneur in this country is favorable. Let’s observe:

What is an Entrepreneur?

Entrepreneurs are people who create their own profitable businesses in a specific location, and in this case, the UAE. They come up with ideas for a good or service and sell their products or services to different consumers. In some other cases, entrepreneurs also make improvements upon an existing service or product, generating competition in the market.

But why is entrepreneurship important to the UAE? Thanks to the many successful entrepreneurs, the UAE and other countries made their economies stronger and more stable. In other words, the existence of good entrepreneurs is a vital element in the society and economy. Because of them, all people have access to many innovative services and products.

Being an entrepreneur has its advantages, which are the main reasons to be an entrepreneur in the UAE. However, a person should have certain skills in order to become a successful entrepreneur. For example, all entrepreneurs must be innovative, problem solvers, change-makers, and must not be afraid of failure.

There are many ways in which entrepreneurs can impact the economy of a country. For instance, they increase employment since their creations can also help other people to find a job. Subsequently, that fact decreases poverty in society since many individuals can get employment, which is thanks to entrepreneurs.

Ways in which entrepreneurship impacts the economy of a country.

Besides increasing employment and reducing poverty, entrepreneurship can benefit the economy in many other ways. For example, entrepreneurs can create new businesses, and thanks to that, it’s possible to open up new markets. When new markets are opened up, it stimulates the national economy, helps it grow, and keeps it balanced.

Another good way in which entrepreneurship helps the economy grow is by increasing the national income. The gross national income (GNI) is the total amount of money that the people and businesses of a nation earn. If entrepreneurs help to increase employment, it also increases the national income as consequence.

And lastly, entrepreneurship can also push the economy in new directions every day. This is because entrepreneurs develop new products and services that replace the old and obsolete ones. Besides, they can also identify weak spots in society and contribute to the reduction of these weak spots by bringing more awareness to them.

Why Should You Become An Entrepreneur in the UAE?

Besides being a benefit for the country’s economy and society, entrepreneurs also benefit themselves in a country like the UAE. Those advantages and benefits that they obtain can be valid reasons to become an entrepreneur. You can find many reasons to be an entrepreneur in the UAE, and here we’ll briefly explain some of them.

Before we get started, you must be aware that some of these reasons are benefits that the country offers. For example, tax exemptions, world-class infrastructure, efficient facilities, and many other similar elements are benefits provided by the UAE. Nonetheless, other advantages are created by the entrepreneurs themselves, such as having a flexible routine, personal goals, etc.

Here are some of the reasons to be an entrepreneur in the UAE that we’ll explain below:

• Entrepreneurs can enjoy favorable tax policies in the UAE.
• A wide range of available licenses, free zones, and company formation options.
• A strategic business location that ensures a profitable business.
• Efficient infrastructure and facilities to manage a company correctly.
• Access to high-qualified professionals to hire.
• Power to create wealth and build a legacy.
• Freedom to be your own boss and make your own business decisions.

Entrepreneurs Can Enjoy Favorable Tax Policies in the UAE.

One of the main reasons why entrepreneurs decide to set up in the UAE is because of tax exemptions. If you choose a UAE free zone as your business location, you can enjoy several of these tax exemptions. For example, you will not need to pay corporate tax, income tax, or personal income tax.

Even if you choose to set up in the UAE Mainland, you will not have to pay personal income tax. Due to these tax policies, the UAE is a successful business place with one of the best tax systems. Subsequently, there are new entrepreneurs and investors every day looking forward to reaching success in this country.

A wide range of available licenses, free zones, and company formation options.

Among the reasons to be an entrepreneur in the UAE, you can also find different options to establish a company. Firstly, entrepreneurs can choose between many business locations to set up their businesses, including free zones and mainland areas. After deciding to become an entrepreneur in this country, you can choose any of the 45 free zones available.

Besides, you are free to select your type of company formation after selecting your business location. For example, if you chose a free zone, you can choose between an FZE, an FZC, and a branch office. On the other hand, if you chose a mainland, you can set up an LLC or a branch office. Furthermore, all entrepreneurs can freely choose their business activities and licenses.

A Strategic Business Location that Ensures a Profitable Business.

Another reason why it’s worth it to be an entrepreneur in the UAE is because of the geographical location. The UAE is basically the center of global trade since it’s located in the middle of Asia, Africa, and Europe. At this very point, the UAE has a global reach and entrepreneurs can do business with millions of potential customers.

Besides, this country is also a very popular touristic destination, which means that many businesses are profitable here. For example, food-related businesses and tourism agencies are very successful in the UAE. Other industries and sectors are also profitable in this country, like the textile industry and many others.

Efficient infrastructure and facilities to manage a company correctly.

The UAE authorities also guarantee the best infrastructure, so entrepreneurs can enjoy it and run their companies efficiently. This is possible since the UAE government is an investor-friendly authority, and it develops new technological advancements every day. Moreover, entrepreneurs can also request warehouse services, office space, and many other similar elements to fulfill their business requirements.

As for the facilities that entrepreneurs can access, there are efficient mass transport systems available to corporate spaces. Besides, they can also access several health centers, business parks, and many other facilities to fulfill their needs. On the other hand, there is also the advantage of having advanced telecommunication systems to operate a business better.

Access to High-Qualified Professionals to Hire.

Another reason why entrepreneurs choose the UAE as their business location is the easy access to employees. Recruiting new workers is a task that can take valuable time, but it can be easier in this country. All entrepreneurs will find countless high-qualified professionals to hire to operate their businesses in a more efficient way.

Besides, they can also find several recruitment agencies that help them complete this task easily. For instance, let’s say that you’re building your company and you don’t have time to hire employees. In this case, you can request the services of this type of agency to do this activity without wasting your time.

Power to Create Wealth and Build a Legacy.

This country has indeed the advantages that all entrepreneurs need to boost their businesses and make them profitable. Therefore, these benefits can ensure a bright future for all companies and industries in the long term. In other words, you will create a long-lasting wealth with a profitable business that can become your own legacy.

The more your company grows, the greater the impact it will have on society. You can even create a whole empire after laying the foundation stones. One of the impacts that your legacy can have on society is creating employment for hundreds or thousands of people. Besides, a successful entrepreneur can also become a brand recognized globally.

Freedom to be Your own Boss and make your own business decisions.

Among other reasons to be an entrepreneur in the UAE, you will not have to report to anyone. This is because you’ll be your own boss and no one will tell you how to reach your goal. Besides, you’ll also have a flexible routine and a greater enthusiasm for work, but that doesn’t mean you won’t work.

Many success stories of UAE entrepreneurs also reveal that entrepreneurs can freely make their own decisions. However, you must think carefully about your alternatives before making decisions because your company’s future will depend on it. That is the main reason why entrepreneurs must have decision-making skills, so they can decide the direction of their businesses.

How can Connectfz help you to become an entrepreneur in the UAE?

If these reasons to be an entrepreneur in the UAE have convinced you, you can start building your company today. You can count on Connectfz to complete all the business setup process in your desired free zone. Besides, you will get the guidance you need to make your business more profitable and successful.

Firstly, we will help you to select a free zone that suits your kind of business and fulfills your needs. After that, you’ll be able to choose between different packages that we offer, which contain licenses, visas, and facilities. Once you choose your options, the company setup process will start and we’ll be there to support you.

Besides, you can request our other support services after setting up your company in the UAE. For example, if you request our recruitment services, we will hire new employees for your company in an efficient way. Among other services, you can find business trade license in UAE, Visa Service in UAE etc.

Would you like to contact Connectfz to obtain more information about the advantages of being an entrepreneur in the United Arab Emirates? If you have any questions, call us on +97143316688. You can email us at info@connectfz.ae, and you will talk to one of our representatives who will answer your questions.