The Dubai Chamber of Digital Economy, one of the entities within Dubai Chambers, has released an extensive guide for startups to streamline the business setup process in Dubai. Titled ‘Navigating Business Setup in Dubai: An Entrepreneur’s Comprehensive Guide,’ this resource is crafted to provide valuable insights and empower aspiring entrepreneurs with the knowledge necessary for well-informed decision-making within the dynamic business environment of the emirate.
Launched in anticipation of hosting the Expand North Star, the world’s largest startup event, this guide is a valuable resource for individuals contemplating the establishment of a new business within Dubai’s flourishing digital economy ecosystem.
The UAE has set forth an ambitious strategy to bolster the digital economy’s contribution to the national GDP, targeting a 19.4% increase within the next decade, with a projected value of US$ 140 billion by 2031. The Dubai Chamber of Digital Economy is dedicated to supporting these objectives by equipping aspiring entrepreneurs with the knowledge required to tap into the immense potential of the emirate’s digital economy.
This new guide is readily available for free download, meticulously crafted through extensive research and valuable feedback from the business community. This feedback emphasized the demand for a user-friendly reference tool to support aspiring innovators who aspire to be part of Dubai’s thriving success story.
As the Dubai Chamber of Digital Economy prepares to host the upcoming Expand North Star event, it presents an ideal opportunity to introduce this guide. This significant event is poised to draw the global tech community to Dubai, facilitating connections between venture capitalists, unicorns, scaleups, and startups, thus solidifying Dubai’s prominent role as a global digital capital hub.
Saeed Al Gergawi, Vice President of the Dubai Chamber of Digital Economy, expressed:
“The release of this informative guide reinforces our continuous commitment to attract and facilitate entrepreneurs within the digital sectors looking to establish themselves in Dubai. This aligns with the Dubai chamber’s dedicated pursuit of realizing the objectives outlined in the Dubai Economic Agenda (D33).”
Al Gergawi further emphasized:
“Having ambition is just the beginning when it comes to establishing a startup. It necessitates a comprehensive grasp of the local business ecosystem, legal and regulatory structures, as well as the broader economic panorama. The launch of this guide marks a significant stride in our mission to assist entrepreneurs from around the world in effectively launching their businesses and harnessing the promising opportunities within Dubai’s digital economy.”
The guide kicks off with an informative section that presents intriguing insights and statistics about Dubai’s dynamic economy, its forward-looking strategies, the rich talent pool, and the fastest-growing sectors. Subsequently, it delves into valuable details concerning pivotal ecosystem facilitators, such as accelerators and incubators.
A visual guide highlighting major investors across pre-seed to growth stages follows suit. Furthermore, the publication provides entrepreneurs with a comprehensive overview of the process for opening a business account in the emirate and a practical list of local banks that are startup-friendly. The guide proceeds with a dedicated segment devoted to the diverse array of free zones in Dubai, including a map featuring the 28 tax-free business zones, a concise overview of available business structures, and an explanation of various visa types.
The guide wraps up with a comprehensive series of one-page setup guides for key sectors within the digital economy, encompassing Fintech, Digital Assets, Metaverse & Web3, AI, Cybersecurity, Software & SAAS, Healthtech, 3D printing, and Edtech. These guides provide step-by-step setup instructions, sector-specific information on accelerators, incubators, and sandboxes, insights into pertinent regulations entrepreneurs should be cognizant of, and a curated list of relevant conferences and events.
The Dubai Chamber of Digital Economy maintains a steadfast commitment to shaping the economy of the future while bolstering the vibrant startup ecosystem in the Emirates. The chamber’s mission centers around establishing the world’s most advanced digital infrastructure, augmenting the digital industries’ contribution to the national economy, and drawing businesses, talent, and investors to Dubai, thereby propelling the emirate into the forefront of the global digital landscape.