The Dubai Chamber of Digital Economy, one of three chambers operating under the Dubai Chambers umbrella, has published a comprehensive guide for startups that aims to simplify the process of setting up a company in Dubai.
‘Building your business in a dynamic city: The entrepreneur’s guide to business creation in Dubai’ is designed to guide aspiring entrepreneurs through the complexities of the emirate’s dynamic business landscape, equipping them with the information they need to make informed decisions.
Launched as the chamber prepares to host Expand North Star, the world’s largest startup event, the guide is packed with essential information for anyone considering setting up a new business in Dubai’s rapidly growing digital economy ecosystem.
The United Arab Emirates has outlined an ambitious strategy to double the digital economy’s contribution to national GDP to 19.4% over the next decade and reach a value of $140 billion by 2031. Dubai Chamber of Digital Economy aims to support these goals by empowering aspiring entrepreneurs with the knowledge they need to unlock the vast potential of the emirate’s digital economy.
The new guide is available to download for free and has been developed based on extensive research and feedback from the business community, which highlighted the need for a convenient reference tool to help ambitious innovators who want to be part of the history of Dubai success.
With Dubai Chamber of Digital Economy Gearing up to host this year’s Expand North Star, the event provides the perfect platform to release the guide. This historic gathering will attract the global technology community to the emirate and connect venture capitalists with unicorns, scale-ups and startups, further strengthening Dubai’s position as a leading hub for global digital capital.
Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy commented:
“The launch of this informative guide supports our ongoing efforts to attract and assist entrepreneurs in digital industries to set up shop in Dubai, in line with the chamber’s drive to achieve the goals of the Dubai Economic Agenda (D33).”
Al Gergawi aggregate:
“Ambition alone is not enough to establish a startup: it requires a deep understanding of the local business ecosystem, legal and regulatory frameworks and the broader economic landscape. The publication of this guide represents an advanced step in our journey to help entrepreneurs around the world successfully establish their businesses and take advantage of the exciting opportunities emerging in Dubai’s digital economy.”
The guide begins with a section highlighting interesting facts and statistics about Dubai’s vibrant economy, its future strategies, its diverse talent pool and its fastest-growing sectors, before diving into useful information on the ecosystem’s key enablers, including accelerators and incubators.
This is followed by a visual guide for top investors covering the pre-seed and pre-growth stages. The publication also guides entrepreneurs through the process of how to open a business account in the emirate and features a useful list of startup-friendly local banks. The guide continues with a section dedicated to the diverse range of free zones in Dubai, including a map of the 28 duty-free zones, a brief summary of the various business structures available, and an explanation of the different visa types.
The guide concludes with a series of comprehensive one-page setup guides for key sectors of the digital economy, including Fintech, Digital Assets, Metaverse and Web3, AI, Cybersecurity, Software and SAAS, Health Technology, 3D Printing and Educational Technology . These include step-by-step setup guides; accelerators, incubators and testing environments for specific sectors; regulations that business owners should know; and a list of relevant conferences and events.
Dubai Chamber of Digital Economy is committed to building the economy of the future and supporting the emirate’s dynamic startup ecosystem. The chamber is working to create the world’s most advanced digital infrastructure, enhance the contribution of digital industries to the national economy and attract businesses, talents and investors to Dubai.
News source: Dubai Press Office