On the 53rd anniversary of Eid Al Etihad, these entrepreneurs tell us why they have made the UAE a home for their startups.
Since its establishment in 1971, the UAE has burst into vibrant celebration every year on December 2 for Eid Al Etihad, the country’s National Day. It’s more than just a public holiday; it serves as a reminder of the country’s transformation from a group of individual emirates to a unified federation.
Today, the UAE is a global business hub for entrepreneurs and startups, thanks to its strategic location linking Asia, Europe, and Africa, alongside its modern infrastructure and free zones that offer perks like full foreign ownership and tax benefits. In addition, government initiatives like the UAE’s Vision 2031 emphasize innovation and sustainability, which help create a supportive environment for businesses.
Plus, the country’s diverse population and the steady influx of tourists make it an ideal testing ground for products and services, allowing entrepreneurs to gain valuable insights from a wide range of perspectives before expanding globally.
In honor of the UAE’s Eid Al Etihad, Inc. Arabia spoke to founders of a diverse range of startups in the country to find out why they set up shop here, and how the local business environment continues to drive their success. Here are their stories – as well as their tips – for those of you considering the UAE as a place to build your businesses.
Amreen Iqbal, founder, Piece of You Amreen Iqbal is the founder of the Dubai-based Piece of You, a fine jewelry brand specializing in personalized creations using 18kt gold and diamonds. “We transform your cherished mementos into timeless jewelry pieces meant to be treasured for life,” she explains.
When asked about the motivation behind setting up her business in the UAE, Iqbal replies, “The UAE is not just where I live but a place I proudly call home – a country I deeply cherish and strive to contribute to in every possible way. My family's business, Pure Gold Jewelers, was also founded here in 1989, making the UAE an integral part of our journey and success.”
According to Iqbal, the UAE offers many advantages when it comes to building a business. “The advantages of the UAE are countless, particularly regarding its exceptional business environment,” she says. “As a hub for international consumers and entrepreneurs, the UAE offers unparalleled support and encouragement to individuals – whether they are residents, small and medium enterprise (SME) owners, or leaders of large businesses. Inspirational leaders in the UAE are both irreplaceable and impeccable, fostering a thriving entrepreneurial ecosystem. Operating in the UAE is seamless for those who uphold ethical standards and adhere to the country's regulations.”
Looking ahead, Iqbal sees her business growing alongside the nation. “As the UAE continues its unstoppable journey of growth and progress, I like to believe that a part of this unstoppable spirit lives within each of us,” she says. “We aspire to grow alongside this incredible nation, guided by the values, ethics, and vision instilled by its exceptional leaders and their teams. The UAE's unparalleled development is not only transforming the nation but also empowering its residents and businesses to achieve new heights and milestones, setting an inspiring example for the world.”
For those considering launching a business in the UAE, Iqbal’s tips are simple but powerful. “My key advice is to always remain ethical, honest, and genuine in everything you do,” she says. “Adhere to the laws, rules, and regulations designed to support your business and foster your growth. Embrace the guidance provided by our visionary leaders, government entities, and the frameworks they have established. Draw inspiration from their leadership, and strive not only for personal success but also to contribute to the pride and progress of your nation.”
Source - https://en.incarabia.com/five-founders-on-why-they-chose-the-uae-for-their-businesses-700303.html