Over time, female entrepreneurs have emerged as important figures in the UAE's growth and prosperity plan. The world is starting to react to the increasing number of women starting their own businesses by giving them the means essential to make the process go smoothly.
In particular, the UAE is passionate about giving women the best chance to advance into industry experts and launch their dream businesses. Women make up 44% of the workforce in the United Arab Emirates. This means that the UAE's economic future hinges substantially on women. There have never been greater opportunities for women to launch businesses in the UAE considering a rise in female entrepreneur support groups and more funding accessible to startups. We cover every factor that makes the United Arab Emirates the ideal location for female entrepreneurs to launch their own businesses in this article.
Of all the countries in the region, the UAE offers the highest level of gender equality. In 2017, the Emirates made a $50 million pledge to the Women Entrepreneurs Finance Initiative fund. By 2018, 64% of the gender gap in the UAE workforce had been eliminated. In fact, compared to other countries surveyed, 33% of female-owned businesses in the UAE were making $100,000 or more in revenue. As the number of women owning limited liability companies in the United Arab Emirates rises, the trend is definitely in the right direction
The government of the United Arab Emirates is acting to advance gender equality. Numerous programs are in place to support the success of female entrepreneurs. Some of these are:
The United Arab Emirates is praised for cultivating a diverse and inclusive business environment. Women are strongly encouraged to work in a variety of fields, shattering stereotypes and breaking down barriers. The business environment fosters growth by acknowledging and appreciating the distinct viewpoints and contributions of female entrepreneurs.
UAE offers a variety of locations and affordable business setup costs. The locations of the Free Zones are a huge benefit for businesses operating in the UAE. Free zones provide easy setup procedures, an abundance of workspace or office options, and one-stop resources for government services. Although setting up a business on the mainland is slightly more expensive, there are many advantages, such as the ability to conduct business throughout the United Arab Emirates. You could still establish a Mainland business in one of the less expensive Emirates if you're trying to save money. Prices on the Mainland vary depending on the area.
The free zones in the United Arab Emirates provide a wealth of benefits for business owners, and women are not excluded. With complete ownership rights, reduced company setup procedures, and tax exemptions, these zones offer an environment that is conducive to business. This translates into more freedom and flexibility for female entrepreneurs, allowing them to easily launch and expand their companies.
To sum up, the United Arab Emirates presents a plethora of opportunities for female entrepreneurs, including a welcoming environment, strong government backing, enticing free zone benefits, joint venture opportunities, and the guarantee of sustained stability via visa packages. The UAE beckons as a place where empowerment meets limitless possibilities for those looking to realize their entrepreneurial dreams. Take the risk, and let the epicenter of innovation and opportunity fuel your company's growth.