When it comes to the process of business setup in the UAE, women entrepreneurs need not procrastinate as now is the best time to start a venture. Many of the free zones and some of the mainland licensing authorities have come up with affordable business setup packages, incentives and other opportunities to make the environment of company formation in the UAE easier for women investors and entrepreneurs.
Some free zones have been offering packages specially curated for women entrepreneurs while other offers seem appealing for women due to their cost-effectiveness. Selecting the right free zones or a cost-effective package need not be a hurdle as business setup consultants in the UAE can assist you.
Let’s find out some of the incentives and opportunities that make 2021 the right time for women entrepreneurs to start a business in the UAE.
RAKEZ Businesswomen Package
The Businesswomen Package by Ras Al Khaimah Economic Zone (RAKEZ) is the first exclusive licensing package for women introduced by a free zone authority in the UAE. The package starts from AED 6,200 per year and includes a selection of office spaces and support services to a range of unique incentives. The license will be issued for activities such as e-commerce, media, education, services, general trading, commercial, professional etc.
The RAKEZ Businesswomen Package comes with eligibility for a residency visa and the option for opening a zero balance bank account. You can also add two free additional activities to the license. The payment can be done in instalment plans for 1 and 3-year packages. Consult with the business setup consultants in the UAE to know more about the requirements and benefits of this package.
Women Package at Sharjah Research, Technology & Innovation Park
The Sharjah Research, Technology & Innovation Park (SRTIP) free zone is ideal for entrepreneurs who wish to establish scientific or research-based businesses in the UAE. The free zone offers, “Women in Innovation” Package that starts from AED 9,000. Additional benefits are Unlimited access to the Innovation Lounge at SRTI Park, private areas exclusively for women, access to professional networking events, access to University City students and researchers and access to local, regional and international markets. Sophisticated office spaces and laboratory spaces are the major features of the free zone that makes it stand out.
Women Entrepreneurship Package in Masdar City, Abu Dhabi
Masdar City Free Zone, Abu Dhabi has rolled out a special package for women entrepreneurs ahead of the Emirati Women’s Day on the 28th of August. The package is exclusively for women entrepreneurs to support the growth of women-led businesses in the UAE. The package starts from AED 7,000 with the inclusion of a single UAE visa. You can choose up to four activities under this package which enhances the appeal of this exclusive license package.
Masdar City Free Zone is strategically located in Abu Dhabi, which is the capital of the UAE and the largest emirate. The free zone is home to a diverse, innovative and ambitious group of companies, ranging from start-ups to SMEs and multinationals. As an economic free zone, Masdar City provides a hassle-free environment of business setup in the UAE due to which the companies can easily incorporate and grow.
Further Opportunities of Business set up in the UAE for Women
Women constitute about 70% of the UAE’s university graduates and 44% of the total workforce and hence they are key to the country’s economic future. With a surge in women entrepreneur support groups and increased funding for new businesses, there have never been better entrepreneurial opportunities for women to start businesses in the UAE than now. Some of the other opportunities designed for some are given below:
- A business environment that supports gender equality
- The Khalifa Fund for supporting UAE women entrepreneurs by securing funds and providing legal support
- The Dubai Business Women Council (DBWC), provides education, training, and funding opportunities to UAE-based businesswomen
- The Abu Dhabi Business Women Council (ADBWC) provides an integrated and Innovative Business Incubator for women
- The Dubai Women Establishment (DWE) hosts an annual Women Leadership Exchange Programme to guide sustainable leadership practices and offers great networking opportunities
Business Setup Consultants in the UAE support Women Entrepreneurs
Women are a key force that drives the economy of the UAE with their various business ventures. The UAE has been providing ample opportunities for women entrepreneurs in the form of business support packages, funding and networking. Among such stimuli, the incentives provided by the free zones make the process of business setup in the UAE more flexible and affordable for women entrepreneurs.
In the post-Covid-19 era, such initiatives are a boon for women entrepreneurs who struggle for a better start. More importantly, business setup consultants in Dubai such as Jitendra Business Consultants (JBC) provide the required legal know-how and company formation services for women who wish to make their mark in the business world. We are a team of highly qualified consultants dedicated to making the company formation process easier for aspiring entrepreneurs. Consult with JBC today to incorporate a company in the UAE without any hassle.