# data[].attributes.headline
His Excellency Abdullah bin Touq Al Marri, Minister of Economy, announced that the number of small and medium enterprises in the Emirates reached 557 thousand by the end of 2022, which is consistent with the ambitious future plan to reach their total number to one million by 2030, noting that the small and medium enterprises sector contributes 63.5%. in non-oil GDP, and a 10.4% increase in the number of companies owned by Emiratis in 2022.

# data[].attributes.subject
His Excellency Abdullah bin Touq Al Marri, Minister of Economy, announced that the number of small and medium enterprises in the Emirates reached 557 thousand by the end of 2022, which is consistent with the ambitious future plan to reach their total number to one million by 2030, noting that the small and medium enterprises sector contributes 63.5%. in non-oil GDP, and a 10.4% increase in the number of companies owned by Emiratis in 2022.

# data[].attributes.headline
Federal Law No. 2 of 2014 for small and medium enterprises

# data[].attributes.subject
Federal Law No. 2 of 2014 for small and medium enterprises

# data[].attributes.body
Federal law stipulates that federal agencies are obligated to contract with small and medium enterprises in the country at a rate of no less than 10% of the total contracts in order to meet their purchasing, service and consulting needs.

The commitment of companies in which the federal government owns no less than 25% of its capital to contract with small and medium enterprises in the country for no less than 5% of the total contracts in order to meet their purchasing, service and consulting needs.

# data[].attributes.headline
As of mid-2022, the number of small & medium enterprises in the UAE was 557,000. SMEs contribute as much as 63.5 percent to the non-oil GDP. It is forecasted that there will be 1 million SMEs in the UAE by 2030. (1)

# data[].attributes.subject
As of mid-2022, the number of small & medium enterprises in the UAE was 557,000. SMEs contribute as much as 63.5 percent to the non-oil GDP. It is forecasted that there will be 1 million SMEs in the UAE by 2030. (1)

# data[].attributes.headline
 In Dubai alone, SMEs account for nearly 95% of all businesses, employing 42% of the workforce and contributing roughly 40% of Dubai's GDP

# data[].attributes.subject
 In Dubai alone, SMEs account for nearly 95% of all businesses, employing 42% of the workforce and contributing roughly 40% of Dubai's GDP

# data[].attributes.body
The number of small and medium-sized enterprises (SME) operating in the UAE at the end of 2022 totalled 557,000, in line with the country’s ambitious plan to drive this number to 1 million by the end of 2030.

reference: https://www.zawya.com/en/smes/operations/smes-total-557-000-in-the-uae-by-2022-end-teysuuvl

# data[].attributes.attachment_link.readable_text
The number of small and medium-sized enterprises (SME) operating in the UAE at the end of 2022 totalled 557,000, in line with the country's ambitious plan to drive this number to 1 million by the end of 2030.

Against this backdrop, Tally Solutions, a leading business management software provider, is all set to host 'MSME Honours', an annual event to recognise micro, small and medium (MSME) enterprises in the region.

The initiative aims to identify and celebrate MSME Heroes that exemplify excellence and have made significant contributions to their communities and industries.
MSMEs account for 90pc business
The United Nations General Assembly designated June 27 as 'Micro-, Small, and Medium-sized Enterprises' to raise awareness of the tremendous contributions of these enterprises. MSMEs account for 90% of businesses, 60 to 70% of employment and 50% of GDP worldwide. As the backbone of societies, they contribute to local and national economies and to sustaining livelihoods, in particular among women, youth, and groups in countries that are developing.

"At Tally, we are committed to supporting and recognising the efforts of MSMEs globally. We understand the importance of MSMEs in driving economic growth and are proud to celebrate the achievements of these MSME Heroes in the region. We are excited to host the third edition of the MSME Honours and encourage people to participate in this initiative," said Vikas Panchal, General Manager Middle East, Tally Solutions.

This year, Tally's MSME Honours will be recognising outstanding MSMEs across categories globally, including Middle East, India, Africa, Bangladesh, Nepal, and Indonesia. The initiative takes into account the diversity of businesses and aims to recognise them at a hyper-local level. The honours will be awarded to entrepreneurs, creators, small and new business owners, or independent business leaders.
Outstanding businesses
Tally's MSME Honours awards outstanding businesses across four categories. The categories are Wonder Woman, E-preneur Icon, Tech Transformer and Business Maestro.

Wonder Woman recognises women entrepreneurs who have redefined businesses

E-preneur Icon acknowledges rising solopreneurs based in UAE who creatively deliver to clients

Tech Transformer awards businesses that are agile with modern technology adoption yielding better results

Business Maestro hails stalwarts who have withstood the test of time and continue to grow

"The stability, effectiveness, and reliability of the UAE's government, combined with its business-friendly operating environment and transparent taxation framework, have made it a desirable destination for businesses worldwide to expand their global footprint. The country's relaxed visa laws and regulations have also played a significant role in attracting businesses. Furthermore, the UAE's vision for innovation-led growth, along with its supportive programmes and subsidies, make it an attractive destination for businesses of all sizes. As we celebrate MSME Day, we are proud to be operating in this country and acknowledge the efforts put in by businesses in the region," added Panchal.

Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

# data[].attributes.attachment_link.title
SMEs total 557,000 in the UAE by 2022 end

# data[].attributes.attachment_link.description
This year, Tally's MSME Honours will be recognising outstanding MSMEs across categories globally, including Middle East, India, Africa, Bangladesh, Nepal, and Indonesia

# data[].attributes.headline
Souq.com, Talabat, and Careem (SMEs Strengthening the Entrepreneurial Ecosystem - News | Khaleej Times)

# data[].attributes.subject
Souq.com, Talabat, and Careem (SMEs Strengthening the Entrepreneurial Ecosystem - News | Khaleej Times)

# data[].attributes.body
Loans:

incubation:

# data[].attributes.body
Small businesses in the UAE are commonly characterized by having fewer than 100 employees, and a turnover of less than or equal to AED 100 million.

# data[].attributes.body
Smart Services Portal by Mohammed Al Mazrouei

# data[].attributes.body
SMEs serve as the backbone of the UAE's economy, with around 557,000 of them operating in the country as of mid-2022. Their presence plays a vital role in fostering economic diversification and growth. These enterprises constitute over 94% of the total number of companies in the UAE and are responsible for employing more than 86% of the private sector workforce. Notably, SMEs contribute significantly to the non-oil GDP, accounting for a substantial 63.5%. Their pivotal role underscores their importance in driving the nation's economic landscape towards resilience and sustainability.

# data[].attributes.body
(SMEs Strengthening the Entrepreneurial Ecosystem - News | Khaleej Times)

# data[].attributes.body
InvoiceMate. (2023, November 27). SME landscape in the UAE. https://www.invoicemate.net/sme-landscape-in-the-uae/#:~:text=AED%2010%20million.-,A%20small%20business%20is%20any%20enterprise%20with%20less%20than%20or, equal%20to%20AED%20250%20million

# data[].attributes.body
Emirates Development Bank is fully owned by the UAE Government and was established to meet the goals of the national agenda to create and offer financing solutions with flexible terms for SMEs. It officially began its operations in 2015, and since then, EDB has been playing a major financial role in supporting the small and medium enterprises and achieving diversification. EDB provides a wide range of solutions to support emerging businesses and enable them to achieve their full potential.

# data[].attributes.body
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.

# data[].attributes.body
·  Access to Finance

·  Competition

·  Skilled Labor Shortages

·  Regulatory Complexity

·  Market Saturation

·  Cash Flow Management

·  Cost of Living and Doing Business

Technology Adoption

# data[].attributes.headline
3.	At the federal level, the UAE government implements legislative reforms and provides financial support mechanisms to SMEs, aiming to streamline processes and enhance access to funding. 

# data[].attributes.subject
3.	At the federal level, the UAE government implements legislative reforms and provides financial support mechanisms to SMEs, aiming to streamline processes and enhance access to funding. 

# data[].attributes.headline
at the local level, initiatives such as training programs, and procurement opportunities are tailored to meet the specific needs of SMEs within each emirate, fostering entrepreneurship and economic development on a more localized scale.

# data[].attributes.subject
at the local level, initiatives such as training programs, and procurement opportunities are tailored to meet the specific needs of SMEs within each emirate, fostering entrepreneurship and economic development on a more localized scale.

# data[].attributes.body
In the mid-2022, UAE had approximately around 557,000 small and medium enterprises (SME)

These SME's contribute significantly, constituting 63.5% of the non-oil GDP. Forecasts suggests a growth to 1 million SME's by 2030.

# data[].attributes.headline
4.	At both federal and local levels, the private sector in the UAE is instrumental in driving economic growth through investments, job creation, and innovation. Government policies and initiatives aimed at supporting and incentivizing private sector participation further amplify its contributions to national and local economies, promoting diversification and sustainability.

# data[].attributes.subject
4.	At both federal and local levels, the private sector in the UAE is instrumental in driving economic growth through investments, job creation, and innovation. Government policies and initiatives aimed at supporting and incentivizing private sector participation further amplify its contributions to national and local economies, promoting diversification and sustainability.

# data[].attributes.headline
	Small businesses in the UAE face challenges such as high competition, limited access to financing, and navigating complex regulations. Additionally, cultural differences and workforce-related issues can pose obstacles to their growth and sustainability.

# data[].attributes.subject
	Small businesses in the UAE face challenges such as high competition, limited access to financing, and navigating complex regulations. Additionally, cultural differences and workforce-related issues can pose obstacles to their growth and sustainability.

# data[].attributes.body
Sustainability and Environmental Concerns

# data[].attributes.body
Small businesses in the UAE usually have fewer than 50 people working and make less than about AED 50 million a year.

# data[].attributes.body
Small businesses are very important in the UAE. They create a lot of jobs and help the country's economy grow by making up a big part of the business activity.

# data[].attributes.body
Medaf Studio, founded by Alia Lootah and Noora bin Kalban with the support of Dubai SME

# data[].attributes.body
The UAE government, both at the national and local levels, has plans and programs to help start and grow small businesses. They give money, advice, and make rules easier to help these businesses succeed.

# data[].attributes.body
In Dubai, SME's are the backbone, constituting nearly 95% of all business. They employ 42% of the workforce and contribute approximately 40% to Dubai's GDP.

# data[].attributes.body
The UAE SME Council develops strategic plans and policies for SMEs.

MBZ Incubation and Entrepreneurship Center (MIEC)

Sharjah Entrepreneurship Foundation (Ruwad)

Mohammed Bin Rashid Establishment for SME Development — Dubai SME  (

Reyada Program - Ajman

Taziz Program for SME Development – Ajman

# data[].attributes.body
Big companies in the UAE also help small businesses. They work with them, buy from them, and sometimes invest in them, which helps these smaller businesses grow and do well.

# data[].attributes.body
Khalifa Fund for Enterprise Development

Creating opportunities to boost the UAE’s entrepreneurial ecosystem

Mohammed Bin Rashid Establishment for SME Development (Dubai SME)

Supporting entrepreneurs in all phases of development

Sharjah Foundation to Support Pioneering Entrepreneurs (RUWAD)

Promoting a culture of leadership

Enhancing the development of SMEs in Ajman

Encouraging entrepreneurship and creating job opportunities among young people

Saud Bin Saqr Establishment for Youth Enterprise Development

Integrated services and facilities for entrepreneurs

Sharjah Entrepreneurship Centre (Sheraa)

Developing an incubator environment for entrepreneurship in Sharjah

Mohammed Bin Rashid Innovation Fund

Supporting innovative entrepreneurs from around the world

Mohammed Bin Rashid Innovation Fund

Supporting innovative entrepreneurs from around the world

# data[].attributes.body
Hub71, Abu Dhabi's global tech ecosystem

# data[].attributes.body
CEO Salem Ali AlHefeiti <3

# data[].attributes.body
Federal level: The UAE government has launched various initiatives to foster SME growth, including streamlined registration processes, access to finance, and business support service.

Local Initiatives: local governments in various Emirates provide tailored support and incentives for SME's, such as reduced license fees, access to infrastructure, and networking opportunities.

Private sector contributors: private sector entities in the UAE often collaborates with SME's through mentorship programs, funding support, and partnerships, enhancing their growth prospects.

# data[].attributes.body
Examples include the following:

Careem, Souq.com , Bayt.com

# data[].attributes.body
1.

https://u.ae/en/information-and-services/business/crowdfunding/the-impact-of-smes-on-the-uae-economy

2.

https://www.thenationalnews.com/business/economy/2023/04/06/sme-numbers-in-the-uae-exceeded-half-a-million-by-the-end-of-2022/

3.

https://u.ae/en/information-and-services/business/small-and-medium-enterprises

4.

https://humloghr.com/humblog/hr-challenges-faced-by-smes-in-uae/

5. https://focus.world-exchanges.org/articles/challenges-developing-uaes-sme-market

# data[].attributes.attachment_link.title
HR Challenges faced by SMEs in UAE - HumLog

# data[].attributes.attachment_link.description
SMEs in the UAE face a number of human resources (HR) challenges, including: There are a number of things that SMEs can do to overcome these challenges, such as: By addressing these challenges, SMEs can improve their HR practices and create a more successful and sustainable business.

# data[].attributes.body
1. Government support: The "Fifty Economic Plan" represents our vision for the economic framework in the UAE for the years 2021-2030. Its main pillars aim to stimulate entrepreneurship and small and medium enterprises, spread the culture of entrepreneurship among future generations and establish the position of the UAE as a global hub and destination for entrepreneurship, especially in the areas of innovation and technology. The Fifty Economic Plan falls under the umbrella of the "Year of Preparation for the Next Fifty" strategy, which is the largest national strategy of its kind in preparation for the next fifty years at all levels of the federal and local state.

# data[].attributes.body
The SMEs employed over 86% of the private sector’s labor force and comprised over 60% of the GDP.

# data[].attributes.body
Corporate Social Responsibility (CSR) Initiatives: Some private companies engage in CSR initiatives supporting local communities and businesses. This can involve funding community projects or supporting SMEs as part of their social responsibility efforts

# data[].attributes.body
Challenges:

1. Financing: Getting loans from banks is tough for small businesses because they're seen as risky.

2. Talent Recruitment: It's hard for small companies to hire and keep good employees because of the competitive job market.

3. Cultural Diversity: Managing workers from different cultures and languages is challenging.

4. Training: There's not much money to spend on training employees, which means they might lack important skills.

5. Employee Issues: Problems like workplace conflict or discrimination can happen and are hard to fix.

6. Emiratisation: It's difficult for small businesses to meet the government's goal to have more local citizens working.

# data[].attributes.body
Abdulaziz Almulhem launched a platform (Packman) specialized in providing e-commerce services for entrepreneurs, as it provides ready-made forms for online sales, payment and delivery services within one day of requesting the service. It was able to attract more than 250 local companies, and reached up to 10,000 requests, while the monthly turnover exceeded 500,000 dirhams.

# data[].attributes.body
https://sme.ae/Page/en/pack_man

# data[].attributes.attachment_link.readable_text
Abdulaziz Almulhem launched a platform (Packman) specialized in providing e-commerce services for entrepreneurs, as it provides ready-made forms for online sales, payment and delivery services within one day of requesting the service. It was able to attract more than 250 local companies, and reached up to 10,000 requests, while the monthly turnover exceeded 500,000 dirhams.

The idea of the platform came as a solution to the e-commerce problems that faces the entrepreneurs such as the lack of technical expertise, high costs of creating new websites which leads the SMEs to prompt their companies using the social media programs in an irregular way wasting efforts and time.
Dubai SME has provided all possible forms of support, such as issuing a trade license, providing guidance, along with all the required information.

# data[].attributes.body
Local authorities collaborate with federal agencies to create a helpful environment for SMEs.

# data[].attributes.headline
Restricted to a limited geography (typically within a country)

# data[].attributes.subject
Restricted to a limited geography (typically within a country)

# data[].attributes.body
1. Retail and Trading:

Grocery stores

Fashion and accessory shops

Electronics and automotive retail

General merchandise stores

2. Services:

Hospitality and tourism

Professional services (law, accounting, consulting)

Health and wellness services

Educational services

IT and software services

3. Manufacturing:

Food and beverage production

Textile and apparel manufacturing

Cottage industries (handicrafts)

Construction and building materials

Electronics manufacturing

# data[].attributes.body
Retail and Trading: Small and medium-sized retail businesses, including shops, boutiques, and trading companies, are prevalent in the UAE, catering to the diverse consumer base.

# data[].attributes.body
Trading SMEs:

These businesses engage in buying and selling goods, both domestically and internationally.

Service SMEs:

Service-oriented SMEs provide various services to individuals, businesses, and organizations.

Manufacturing SMEs:

These enterprises are involved in production and manufacturing processes.

# data[].attributes.body
Real estate

Vehicle rentals

Brokerage

Logistics

Manufacturing

Refining

Consulting

Carpentry

Agriculture

Tourism

Craftsmanship, etc.

# data[].attributes.attachment_link.readable_text
I have witnessed the remarkable transformation of Dubai, UAE, into one of the best places for aspiring entrepreneurs to start their businesses. Dubai's economy is booming, thanks to the increasing number of people who are pursuing their dreams of setting up their SMEs (Small and Medium-Sized Enterprises) in the city. An SME is any business that has less than 250 employees. As a business setup consultant since 1999, I have helped many SMEs establish and grow their ventures in Dubai."

You must know SMEs are the backbone of innovation and economic boost in Dubai, as they add diversity and increase the scope of employment in the city. Moreover, they also play a major role in developing the local communities.

Around 95% of all business establishments in the city of Dubai are SMEs! Not just that, but comparing the economic contribution, SMEs are responsible for contributing to around 40% of the total GDP, alongside 42% of overall employment.

With these statistics, you might now have clarity on how productive and profitable it is to start a business in Dubai and scale it to the optimal level.

So, if you want to start a profitable SME business in Dubai, you ought to keep in mind some integral steps and considerations. If it is the first time you are planning on setting up a business in such an economically booming city, this article will act as your guide to help you take note of the essentials.

Why Set up an SME Business in Dubai?

As the statistics speak for the SME culture in Dubai, in elaboration to those facts, you must know that SMEs tend to play the central role in scaling the private sector of the UAE economy. In 2009, when the UAE experienced a downturn in its economic growth, the country went into some form of financial crisis.

To overcome it, business communities were segregated, and entrepreneurship was catagorised. Thus, it led the country to foster innovation and creativity, encouraging all knowledge-based business ideas to get established in all of UAE.

The entrepreneurs were then encouraged to start their companies in the country, and most individuals chose Dubai to be their main office center. With the majority of the country's SMEs being registered in Dubai, it was concluded that this city understands the credibility of budding entrepreneurs, making it an ideal place to start a business.

Some of the reasons that will convince you to start a SME business in Dubai are:

In Dubai, you will get to attend a lot of high-profile exhibitions or events, which can be a great platform for you to seek investments or sales opportunities, supporting your substantial growth.

Both the private sector as well as governmental agencies are creating a reserve for supporting the SME businesses in Dubai. As per some reports, it is stated that the Emirates Development Bank is all set to approve around AED 30 billion to support SME and large corporate financing by 2026 across 5 major industrial sectors.

Dubai SME tends to offer some conveniences for all the entrepreneurs to start their businesses in Dubai. You will be provided with flexible interest rates, relaxation of laws, and easy instalments.

How to Start a Small Business in Dubai?

Now that you feel convinced about starting an SME business in Dubai, the next important thing to consider is the steps you must implement to get started with the quest. So, the well-curated steps to assist you with setting up your SME business in Dubai include:

Do a Thorough Market Research to Pick Your Niche

When you tend to start your business in Dubai, don't focus on market research. It is because you must be able to choose the right business domain, ideal for your success. There are several business domains in Dubai, ideal for you to start your SME.

You must do your market research and decide on which sector would be thriving for your quest. Some of the domains that would be profitable for your SME business are:

Choose the Name for Your SME Business

The next step is to choose the perfect name for your new business, which will align with the market as well as the industry segment you will operate in. You must pay emphasis upon checking if your business name complies with the local regulations or laws.

It will help you filter out the names that are already being used or are similar to some of the existing companies. In addition to that, some of the terms are considered derogatory in Dubai, which must be avoided, too. Once you satisfy all the name criteria, you will be one step closer to getting the business licence in Dubai.

Choose a Location

Now, you must find a location to operate your business from. When in Dubai, the potential SME entrepreneurs have two options for forming a company, one is the free-trade zone, and the other is mainland.

Remember, if you decide to operate in the free zones of Dubai, you won't be liable for paying corporate or personal tax. For the SMEs or startup businesses, the tax-free zones are considered better.

You must go with mainland Dubai to set up your business only if you intend to provide business-centric services to the clients or customers. This way, you will be able to provide high-ticket services and keep your profits, even after paying off the minimal taxes.

Get Those Initial Approvals

Here, you will be getting your approvals for acquiring the business licence. First, you must get the 'No-Objection' from the DET (Department of Economy and Tourism) of Dubai by applying for the same online or by hiring experts. Following that, depending on the business type, you will be asked to submit a set of documents which includes:

Exhaustive business strategy.

MOA (Memorandum of Association)

Photocopies of partners' passports.

Certificate of Trade Name Reservation

Copy of VISA

Initial certificate of approval

Emirates ID

Government forms as applicable

NOC of shareholders

Copy of tenancy contract

Remember, these documents are not all mandatory to be produced for select types of SMEs. You will be prompted to produce only the relevant ones for your specific case. Once you have all of the above documents ready, you must cross-verify to see if your company requires any additional approvals for specific licences.

Once all the documents are acquired for select verifications, you can then send the same to DET for approval, along with the fees. Once the payment voucher is generated over the site, you should transfer the amount within 30 days. Otherwise, the transaction will be cancelled.

Upon successful validation of the documents by DET, you will be provided with the business licences. Upon acceptance by DET, you will be provided with the MOA, Incorporation Certificate, and all other legal papers. Once you have them, the next step is to apply for work permits, lease agreements, VISAs, and other things as required.

Start Your Business Bank Account in Dubai

Once the registration and licence-acquiring process is completed, you can now open your corporate bank account in Dubai. All foreign entrepreneurs must have their respective corporate bank accounts while operating the business in Dubai, because the UAE follows some strict laws associated with money laundering.

What are the Benefits of Starting a SME Business in Dubai?

Some of the benefits associated with starting a SME firm in Dubai are:

Embrace the Perks of Running a Business in Commercial Capital:

Dubai is among the top cities in the world with a booming commercial hub. It offers a lot of benefits for new businesses, including liberal taxation rules, better administrative infrastructure, and others.

Immense Tax Benefits:

The UAE government has proposed several regulations to make the country business-friendly for both locals as well as foreign investors to avail tax benefits. Foreign investors don't have to pay any capital gains or personal taxes in Dubai and have just VAT of 5% being implemented.

Easy Aviation Connectivity:

For all the budding entrepreneurs who want to start a business in Dubai might feel the necessity to fly to & for more often, for the city offers seamless aviation connectivity.

How Much Does It Cost to Start a Small Business in Dubai?

The actual cost of starting a SME business in Dubai might vary depending on your specific considerations and choices. But on average, setting up an SME in the free zones of Dubai will cost somewhere around AED 4000. The traditional, industrial or service licence will cost you in a range of AED 10,000 to 50,000 every year.

Start your SME business in Dubai with Kiltons!

Now that you have gone through the steps on how you can set up an SME business in Dubai, you are ready to take the approach. But for fresh entrepreneurs, following these steps might be overwhelming, as a simple mistake in the application or the sourcing of documents can get your application rejected at DET.

Therefore, as you plan your business initiation and growth in the booming city of Dubai, why not let experts handle your registration and setup aspects? Well, this is where Kiltons come to play! We will be providing you with an all-around service proficiency to get your legalities done right for acquiring all required licences. You just have to focus on starting and running your business while all the backend jobs will be done by us.

# data[].attributes.attachment_link.title
How to Start a SME business in Dubai, UAE

# data[].attributes.attachment_link.description
Learn how to start a SME business in Dubai, UAE, with this comprehensive guide. Find out the benefits, steps, requirements, and opportunities for SMEs in Dubai.

# data[].attributes.body
1. Do a Thorough Market Research to Pick Your Niche. ...

2. Choose the Name for Your SME Business. ...

3. Choose a Location. ...

4. Get Those Initial Approvals. ...

5. Start Your Business Bank Account in Dubai.

# data[].attributes.body
make sure your work is eligible for a copyright. Then, file your completed application along with the application fee, and finally file a copy of the copyrighted material.

# data[].attributes.headline
Requirements and Deliverable of Trademark Registration

# data[].attributes.subject
Requirements and Deliverable of Trademark Registration

# data[].attributes.body
Trademark in PDF & Image file

Trade License Copy

Passport copy of Authorized Signatory

Power of Attorney (Notarized by the Notary Public & legalized by the UAE)

# data[].attributes.body
1. Size

2. Flexibility and agility

3. Innovation and technology adaptation

4. Within the country

5. Limited reach (restricted area of operation)

6. Youth Engagement ( The youth population in the UAE is actively involved in entrepreneurship, with many young individuals starting their own businesses).

7. Level of Access to Finance

8. Scalability Potential

9.  Ofer new products or services – these businesses intend to focus their efforts on product-based innovation, entailing new product development, enhancements in product/service features

# data[].attributes.body
1. Identify the Nature of Your Business Activity

2. (The UAE offers 6 main types of economic licenses: occupational, tourism, industrial, commercial, agricultural, and professional. )

3. Determine Your Company’s Legal Structure

4. Register the Trade Name

5. Apply for Initial Approval

6. Create LSA or MOA

7. Choose Your Business Location

8. Apply for Additional Government Approvals

9. Submit Required Documents

10. Pay Fees and Collect License

# data[].attributes.body
HQ Production is a digital and social media management firm started by two Emiratis, Haitham Ahli and Saood Bushalat, made possible by the support of Hamadan Innovation Incubator (HI2) who incubated the business for a period of three years. Through HI2’s guidance & support, Haitham and Saood were able to develop a precise business plan that guaranteed the success of their enterprise. High Quality Production strives to provide only quality content and information and additionally supports its clients with idea generation and intellectual property protection.

# data[].attributes.body
The Emirati entrepreneur Mohammed Al Mazrouei launched a global Emirati travel and tourism platform, which is the first of its kind in the world called “Smart Services Portal”. It is specialized in the electronic brokerage in the tourism and travel sector, which provides its services through "Fambo" website and application, which is the first of its kind in the country, to connect service providers with customers all over the world.
The site offers multiple services such as airline and hotel reservations, as the site contains more than 100,000 hotels, and it also includes car rental services.

Al Mazrouei innovated virtual tour services around the worlds since traveling is very difficult due to Covid-19 pandemic. The tour can be done by booking through the Smart Service Portal platform, and the tours are held under the supervision of tour guides.

Mohammed Al Mazrouei started his business in 2019 by issuing a trade license from Dubai SME. He participated in GITEX Technology Week 2020, and presented his platform and services to all visitors to promote it and to benefit from their feedback and experiences.

# data[].attributes.attachment_link.description
Apply Trademark Online Guaranteed Registration is One Click Away. No Extra Charges and No Hidden Fees Starts @ AED 7499 Starts @ AED 7499 How To Get A Trademark Certificate?

# data[].attributes.body
1. Select a trade name: Select complies with the UAE's naming conventions. Ensure the name is not already registered by another business and does not violate any trademark or copyright laws.

2. Register the Business

3. Obtain necessary permits and approvals

4. Arrange for office space

5. Open a corporate bank account

6. Recruit employees

7. Comply with tax obligations

8.  Maintain compliance

# data[].attributes.body
1. File the application (Ministry of Economy)

2. Submit the documents (detailed descriptions and information)

3. Make the Payment (7500 AED)

4. Wait for Examination and Final Granting of the Application (for 1 month)

5. Granting Patent Status (no more than 20 years)

# data[].attributes.body
The UAE government, in hopes to increase accesibilities for SMEs, created the Ministry of Possibilities, and under it, the Government Procurement department that works to ensure that supplier relations between domestic SMEs and their government are faster and more approachable. (Small and Medium Enterprises | the Official Platform of the UAE Government, 2019)

Small and Medium Enterprises | the official platform of the UAE government. (2019, April). https://u.ae/en/information-and-services/business/small-and-medium-enterprises

# data[].attributes.body
This Padlet represents a repository of resources to Entrepreneurs in general and in UAE more specifically to tap into valuable resources identified below:

# data[].attributes.body
In 2025, small and medium-sized enterprises (SMEs) are a major economic force in the UAE, making up approximately 95% of registered businesses in Dubai and contributing significantly to non-oil GDP, although exact national figures for 2025 are not yet available. Their contribution is seen as crucial for achieving the UAE's economic diversification goals, with growth supported by initiatives like the Dubai Economic Agenda (D33) and a thriving entrepreneurial ecosystem. (Top 16 Small Businesses to Start in Dubai under USD 5,000 in 2025 - LFL International Group - Dubai Business Formation, 2025)

Growth and outlook

Startup growth: In the first half of 2025, Dubai saw over 45,000 new company registrations, a 15% increase from 2024, showing a booming entrepreneurial spirit. (U.AE, 2024)

Government goal: The UAE's goal is to have one million SMEs by 2030, with continued government support driving this growth. (U.AE, 2024)

# data[].attributes.headline
A website to support starting a business

# data[].attributes.subject
A website to support starting a business

# data[].attributes.body
1. Government-Backed Financing

Emirates Development Bank (EDB)
– Required to allocate 10% of annual financing to SMEs.
– Part of Operation 300bn, financing 13,500 SMEs.

Khalifa Fund for Enterprise Development
– Provides financing and support (seed funding mentioned in cases).
– Capital increased to AED 2 billion.

Dubai SME (Mohammed Bin Rashid Establishment)
– Provides training, support, and financing.
– Referred to multiple times in success stories.

National SME Programme
– Offers training, technical and administrative support.

Federal procurement rule
– Government allocates 10% of federal purchases to UAE-citizen-owned SMEs.

# data[].attributes.body
1- Visit the Basher website and sign in

2- Reserve your trade name

3- Select your business activity

4- Upload required documents

5- Submit the application online

6- Receive your business licence

7- Proceed with follow-up formalities

# data[].attributes.body
In 2019, AREA 2071 hosted 20 global startups worth AED42.2 million. Area 2071 is an incubator founded by Sheikh Mohammad bin Rashid in 2017 as an effort to create a space for fostering new innovative ideas, providing the space and guidance for both residents and guests to honour the UAE's hopefully century's worth of innovation. (Basheer, 2022)

Basheer, S. (2022, March 16). AREA 2071 hosts 20 global startups worth AED42.2 mln. Dubai Future Foundation. https://www.dubaifuture.ae/area-2071/area-2071-hosts-20-global-startups-worth-aed42-2-mln/

# data[].attributes.body
In 2025, SMEs in the UAE face challenges including economic pressures from increased operational costs (like fuel and electricity), cash flow issues due to delayed payments from large contracts, and regulatory complexities despite simplification efforts. Other hurdles include talent acquisition and retention in a competitive market, the need for continuous innovation to stand out, and managing cybersecurity risks and digital transformation.

Economic and financial challenges

Rising operational costs: Global inflation is driving up expenses for electricity, fuel, and transportation, increasing the cost of doing business.

Delayed payments: Small businesses often face cash flow strain because of delayed payments on large contracts, which hinders their ability to manage daily operations and growth.

Financing access: Despite government initiatives, challenges like collateral requirements, high interest rates, and a lack of credit history can still make it difficult for SMEs to access financing.

# data[].attributes.attachment_link.title
MENA’s SME Accounting Nightmares: 5 Challenges Only Regional Business Owners Understand | Simpla

# data[].attributes.attachment_link.description
Stop drowning in regulatory chaos and cash flow stress. See how regional SMEs are using AI-powered accounting to overcome MENA’s unique financial hurdles while getting nights and weekends back.

# data[].attributes.body
1. Green & Sustainability SMEs

Businesses focused on environmental solutions:

solar panel installers

waste-upcycling workshops

eco-packaging producers

carbon-tracking software startups

# data[].attributes.body
"The total number of companies operating in the UAE rose to 1.4 million by the end of 2025, representing a growth of 119 percent since mid-2021. Our target for the next decade is reaching 2 million companies." — His Excellency Abdulla bin Touq Al Marri, Minister of Economy.

https://economymiddleeast.com/news/250000-new-companies-enter-uae-market-in-2025-says-bin-touq/

# data[].attributes.attachment_link.title
250,000 new companies enter UAE market in 2025, says bin Touq

# data[].attributes.attachment_link.description
Abdulla bin Touq Al Marri, Minister of Economy and Tourism, revealed on Tuesday that 250,000 new companies joined the UAE market in 2025

# data[].attributes.body
Very small business

Few employees

Example: small online shop or freelancer

# data[].attributes.body
E-commerce SMEs

Sell products or services online only by using websites, apps, or social media

For example:

Instagram businesses

Shopify stores

Online marketplaces

Logistics & Transportation SMEs

Handle delivery, shipping, and movement of goods

For example:

1. Courier services

2. Delivery apps

3. Transport companies

# data[].attributes.body
SMEs play a major role in the UAE economy. They make up more than 94% of all companies and contribute about 63.5% to non-oil GDP. They also provide over 86% of private sector jobs, supporting employment in many sectors and helping young people gain work experience. In recent years, SMEs have also played an important role in digital transformation, with many businesses adopting e-commerce and online services. Additionally, the UAE government continues to support SMEs through funding programs, training, and initiatives that encourage innovation and entrepreneurship, helping these businesses grow and compete in the global market.

Small and Medium Enterprises | The Official Portal of the UAE Government.

https://u.ae/en/information-and-services/business/small-and-medium-enterprises/small-and-medium-enterprises

# data[].attributes.headline
Digital Transformation of SMEs in the UAE

# data[].attributes.subject
Digital Transformation of SMEs in the UAE

# data[].attributes.body
Digital transformation is one of the main factors helping SMEs grow in the UAE. Many small businesses are now using e-commerce, online payments, and digital marketing to reach more customers.

Studies show that 83% of SMEs say digital transformation is key for growth. This helps reduce costs, increase efficiency, and expand to international markets.

The UAE government also supports digital transformation by providing strong internet infrastructure and fintech solutions. https://thefintechtimes.com/mastercard-identifies-how-digitisation-is-impacting-the-uae-sme-sector/?utm_source=chatgpt.com

# data[].attributes.attachment_link.title
Mastercard Identifies How Digitisation is Impacting the UAE SME Sector | The Fintech Times

# data[].attributes.attachment_link.description
Mastercard’s ‘SME Confidence Index’, shows that 91% of firms show optimism about their 2025 outlooks with the aim of improving digitisation.

# data[].attributes.attachment_link.title
250,000 new companies enter UAE market in 2025, says bin Touq

# data[].attributes.attachment_link.description
Abdulla bin Touq Al Marri, Minister of Economy and Tourism, revealed on Tuesday that 250,000 new companies joined the UAE market in 2025

# data[].attributes.body
UAE Government. (n.d.). Small and Medium Enterprises (SMEs). Retrieved from https://u.ae