Uae Startup Funding Ecosystem Toolkit - 1

UAE STARTUP
TOOLKIT
07.10.2021
UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 1

CONTENTS
About World Expos and Expo 2020 Dubai 3

About the UAE 4 Investment Ecosystem 42
UAE Startup Ecosystem 6 • Abu Dhabi 42
• Dubai 44
List of entities 7
• Sharjah 47
Legal Framework and Guidelines 36 • Ras Al Khaimah 48
• Company structure/legal form 37 • Ajman 50
• Company name and activity 37 • Umm Al Quwain 51
• Trade licence 38 • Fujairah 52
• Company registration 39
Handling Legal Issues 53
• Certificates 39
• Banking and Finance 40
• Visa 40
• Taxation 40

ABOUT
WORLD
EXPOS AND
EXPO 2020
DUBAI
Since the first Great Exhibition of 1851
welcomed millions of visitors and
showcased the latest inventions, including
the microscope and the steam engine,
World Expos have been inflection points for
global progress and innovation, offering a
platform for governments and citizens to
converge and forge enduring partnerships
and connections.
Taking place across 182 consecutive days,

from 1 October 2021 to 31 March 2022, Expo
2020 will bring together 200+ participants,
including nations, educational institutions,
businesses and multilateral organisations, as
well as millions of visitors, to join the making
of a new world.
Under the theme ‘Connecting Minds,

Creating the Future’, Expo 2020 will be the
world’s most impactful global incubator for
new ideas, catalysing an exchange of new
perspectives and inspiring action to deliver
real-life solutions to real-world challenges

ABOUT
THE UAE
In the 50 years since its
establishment as a nation,
the UAE has risen to global
prominence as a cross-
continental gateway,
strategically located between
East and West, North and South,
with a proven track record in
sustainable economic growth,
facilitating partnerships, creating
opportunities and maximising
business value. Home to
more than 200 nationalities,
it is a nation built on a spirit
of inclusivity, tolerance and
collaboration.

ABOUT
THE UAE
The UAE is a nation formed on partnerships – Dubai The UAE has been ranked 16th globally and first in the Emerging markets account for roughly half of global GDP,
used to be known as ‘Al Wasl’ meaning ‘the connection’ region in the World Bank’s Doing Business report for up from just 15 per cent in the 1980s. Dubai is already
in Arabic – and has long recognised the importance of 2020. The UAE enjoys an open, transparent regulatory acting as a gateway to China (its largest trading partner),
collaboration in driving development. The UAE’s rich and framework and continues to develop a robust system India (its second-largest trading partner), Africa and Latin
diverse business environment offers a unique opportunity of governance in line with international best practice, America. Sitting at the heart of the vast MEASA region,
to form broad networks that represent a variety of offering a safe and secure business environment. the UAE also offers access to one of the world’s youngest
different geographies and industries, across the public populations and strategically important markets.
and private sectors.
The UAE’s state-of-the-art infrastructure includes Jebel The UAE has long facilitated the development of The UAE economy performed better than expected in
Ali Port – the largest port outside of Asia, located within entrepreneurship and SMEs, which account for more 2020, despite the challenges brought about by COVID-19,
minutes of the Expo site – four international airports, than 50 per cent of non-oil GDP (Ministry of Finance, highlighting the effectiveness of the proactive economic
including Dubai International (the world’s busiest by January 2021). The UAE ranked 25th in the world and first measures and incentive packages rolled out by the UAE
international passenger numbers), and Dubai Metro (the in the Arab World in the World Economic Forum’s Global Government and demonstrating the country’s speed and
first fully driverless system in the world, with direct access Competitiveness Report 2019. flexibility in responding to global changes, as well as its
to Expo 2020) constant efforts to promote economic diversification
(Ministry of Economy, May 2021).

UAE STARTUP VENTURE CAPITAL
ECOSYSTEM
Venture capital (VC) is a form of private equity and a
type of financing that investors provide to start-up
companies and small businesses that are believed
to have long-term growth potential. Venture capital
BUSINESS INCUBATOR generally comes from well-off investors, investment
Business incubators are specially designed programmes banks and any other financial institutions. However, it
to help young start-ups innovate and grow. They usually does not always take a monetary form – it can also
provide workspaces, mentorship, education and access be provided in the form of technical or managerial
to investors for start-ups or sole entrepreneurs. These expertise. Venture capital is typically allocated to small
resources allow companies and ideas to take shape companies with exceptional growth potential, or to
while operating at a lower cost during the early stages companies that have grown quickly and appear poised
of business incubation. Incubators require an application to continue to expand.
process to join and usually require a commitment for a
specific amount of time. An incubator concentrates its
effort on helping innovative and fast-growth start-ups
that are likely to have a significant impact on the local
economy.
BUSINESS ACCELERATOR
Business accelerators are programme that give
developing companies access to mentorship, investors
and other support that help them become stable, self-
sufficient businesses. Companies that use business
accelerators are typically start-ups that have moved
beyond the earliest stages of getting established.
They have basically entered their “adolescence”,
meaning they can stand on their own two feet, but
need guidance and peer support to gain strength. In
addition to mentorship and investment opportunities, a
business accelerator gives growing companies access
to logistical and technical resources, as well as shared
office space. An accelerator will also connect companies
to networks of peers whose experience they can learn
from. An accelerator programme can last anywhere
from two to six months. The goal is for companies
to emerge ready to run on their own, with strong
positioning to claim a share of their target markets.
HUB71 Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator
SECTORS OF FOCUS
• Fostering entrepreneurship
• Helping startups specialised in all sectors and all tech specialties grow
from Abu Dhabi to the world
CORE OFFERING
• Incubation Period: 2 Years
• Access to ADGM investor and customer network
• Expert mentorship
• Incentive Program offers seed companies up to 100 percent free housing
• Market opportunities
• WeWork x Hub71 office space
• Health insurance for two years
• Fifty percent subsidies for three years for emerging companies, worth
approximately AED 1 million (USD 270k)
CRITERIA
• High-growth tech company
• Providing transformative technologies or business models
• Targeting a large user base or potential pool revenue
• Added requirement to have secured VC funding in the last three years
and set up a meaningful presence at Hub71
https://hub71.com/
Contact name: Reem Bin Alshaikh

Fadi Abu Ghali
Email: [email protected]
[email protected]
Contact Number: +97126324123 UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 7
| 1
MA’AN SOCIAL INCUBATOR Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator / Government Investment Arm
SECTORS OF FOCUS
• Social sector
• Government
• Social Entrepreneurship
• Energy & Environment
• Agriculture
CORE OFFERING
• Training, mentorship - part of incubator program for now.
• Grants - cohort based (once or twice a year)
• Market access support - priority to our start ups
• Office spaces - limited spaces
www.maan.gov.ae
Contact name: Mohamed Ahmed Baobaid
Contact Number: +97127775555
+971551154060
| 1
AREA 2071 Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Government Investment Arm
SECTORS OF FOCUS
• Multiple sectors
CORE OFFERING
• Physical and Digital Innovation Ecosystem
• Access to government decision makers and entities for pilot
opportunities
• Access to the wider ecosystem of incubators, accelerators, private
sector talent pools and investors
• Co-working spaces inclusive of government entities and startups
www.dubaifutureaccelerators.com/
Contact name: Natasha Malik
[email protected]
| 1
THE CO-DUBAI Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator
SECTORS OF FOCUS
• Retail
• Technology
CORE OFFERING
• Business Incubation
• Educational and Mentorship Programs
• Trade Licence Application
• Golden Visa Nominations
• Coworking space
www.theco-spaces.com/
Contact name: Shahzad Bhatti
| 1
BEDAYAT - BUSINESS INCUBATOR Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator
SECTORS OF FOCUS
• Sustainability in the built environment
• Corporate sustainability
CORE OFFERING
• On-site incubation (sustainable business planning, coaching, etc.)
• Pilot projects in The Sustainable City
• Co-working spaces
www.bedayat.ae/
Contact name: Karim El-Jisr
| 1
BRITISH CENTRES FOR BUSINESS Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator
SECTORS OF FOCUS
• Multiple Sectors
CORE OFFERING
• Business Set-up
• Trade / commercial support
• Market Introductory Service
• Market Research
• Market Visit and Engagements
• Site Selection
www.bcbuae.com/
Contact name: Joe Hepworth

| 1
ZTARTUP Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator /Accelerator / Venture Capitalist
SECTORS OF FOCUS
• Mobile Apps
• Health Tech
• Financial Tech
• Trade Tech
• Legal Tech
• Real Estate Tech
• Medical Tech
• Emergency Tech
• Digital Media
• AR & VR Tech
CORE OFFERING
• Business Incubation
• Market Access and Acceleration
• Workspace
CRITERIA
• Investment opportunities are available on case by case basis
www.ztartup.com
Contact name: John Francis
| 1
DUBAI TECHNOLOGY ENTREPRENEUR
CAMPUS (DTEC)
Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator / Accelerator
SECTORS OF FOCUS
• Technology start-ups
• Entrepreneurs
CORE OFFERING
• Helping start-ups set up
• Providing accelerator programs
• Funding arm - Early stage VC Investor
• Networking events
CRITERIA
• Access to start-up funding
• Early stage Tech companies
• Consumer and enterprise software technology companies
www.dtec.ae/
Contact name: Omar Alfheem
| 1
INTELAK Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
SECTORS OF FOCUS
• Aviation
• Travel
• Tourism
CORE OFFERING
• Incubator Programme - Programme for early stage start-ups to move
their business through the launch stage
• Accelerator Programme - takes viable business solutions to the next
level by offering start-ups growth and scaling opportunities, along with
intimate access to principal partner mentoring, investors, and alumni
and networking platform
• Idea Lab Cohort 5 - Supporting to launch and grow the aviation, travel
and tourism ideas
www.intelak.com/
Contact name: Mia Jafari
| 1
MIDDLE EAST VENTURE PARTNERS Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Technology
CORE OFFERING
• VC Investments (Series B and Growth stage)
• VC Asset Management.
CRITERIA
• Investment opportunities in the equity of early stage fast growing
technology companies in MENA, Turkey and Pakistan
www.mevp.com/
Contact name: Rabih I. Khoury
+97145584535
| 1
GLOBAL VENTURES Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
CORE OFFERING
• Funding
• Networking
• Talent and Recruitment
• Reports
• Tactical Documents
• Processes
CRITERIA
• Investment opportunities in emerging-market founders on a mission to
change the world
www.global.vc/
Contact name: Yasmin Al Mostehy
Basil Moftah
[email protected]
Contact Number: +97145807254 UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 17
| 1
NUWA CAPITAL Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Tech or tech-enabled companies across SaaS, Retail
3.0, and rapidly digitizing industries such as proptech,
edtech, fintech, healthtech, foodtech, agritech, etc.
CORE OFFERING
• Funding - primarily targets rapidly growing markets in MENA
• Invest from seed to Series B
CRITERIA
• Founder-backed businesses
• Capital efficient scalability
• Cross-functional management team large addressable market
• Defensible value proposition
https://nuwacapital.io/
Contact name: Stephanie Nour Prince

| 1
VENTURE SOUQ Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Fintech
• Impact (Conscious Investing)
CORE OFFERING
• Helping early stage companies to scale
• Personnel hiring
• Entry to the new markets
• Providing education content around venture investing delivered via a
number of programs throughout the region
CRITERIA
• Early-stage (Seed +, Series A)
• Strong founding team
• Revenue generating
https://www.venturesouq.com
Contact name: Sonia Gokhale
Contact number: +971566867301

| 1
IMENA Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Marketplaces
• SaaS
• Fintech
CORE OFFERING
• Build start-ups that become regional champions and global winners
in their respective categories
• Backing founders with the ambition, focus, and energy to drive their
teams to build great companies
• Play an active, hands-on role in contributing clear mechanisms for
providing value by guiding and helping them as needed along their
journey
CRITERIA
• Investment in innovative start-ups that advance economies and
improve lives
https://www.imena.com/
Contact name: Sarah Barkawi

| 1
EQ2 Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Emerging digital economy in the MENA region
CORE OFFERING
• Growth capital for innovative companies in B2C products and
services
• Advertising tech
• Education tech
• Digital content
CRITERIA
• Stage: Seed – Series B
• Geography: Middle East & Africa
www.eq2ventures.com
Contact name: Patrick Thiriet

| 1
RE-URBAN Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator
SECTORS OF FOCUS
• Design
• Interior design
• Architecture
• Fashion design
CORE OFFERING
• Advisory, co-working space, licence, Ejari, investment funds.
• Start-up packages:
• Basic package: visual identity
• Medium package: visual identity + business plan and marketing
strategy for 3 months
• Advanced package: visual identity + business plan + feasibility study
and marketing strategy for 6 months
CRITERIA
• All companies related to design industry can apply for the investment
funds support.
www.re-urbanstudio.com
Contact name: Mashael Al Ali

| 1
THE MODERN INCUBATOR Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator
SECTORS OF FOCUS
• Innovation
• Teen Start-ups
CORE OFFERING
• Fabrication Lab
• Robotics and AI Lab
• Coding Facilities
CRITERIA
• Social Impact
• Impact Scale
• Shall solve a problem
www.modern-incubator.com
Contact name: Eriyat Lakshmi Devi

| 1
AUD’S ENTREPRENEURSHIP AND
INNOVATION CENTER INCUBATOR
Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator
SECTORS OF FOCUS
• Education
• Technology
• Design
CORE OFFERING
• Startup Pathway Courses
• Mentoring
• Business Model Development
https://www.aeic.aud.edu/
Contact name: Dr. Sunitha Singh
Thakur Kshatriya
[email protected]
Contact Number: +9714399000 Ext: 327

| 1
TJAARZ BUSINESS INCUBATOR CENTER Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator
SECTORS OF FOCUS
• Developing business leaders from new generation
• Creation of innovative trademarks
• Deliver investing to starters
CORE OFFERING
• Advisory
• Specialised Training
• Coaching & Mentoring
• Office space and co work space
• Licence
• Building business model
• Business plan development
• Marketing
• Incubation and Accelerator program
• Funding & investment in collaboration with third party
• Networking
• Access to Market
CRITERIA
• Subscribe to Tjaarz membership that gives you access all business projects
that need Investors
• The investor picks and chooses freely and unlimited picks.
tjaarz.vip
Contact name: Fahad Bin Thani
+971542400008
| 1
THE ARABIAN LUXURY GROUP (TALG) Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
TALG
SECTORS OF FOCUS
• Consumer Goods
CORE OFFERING
• Incubation and acceleration of the early stage companies
• Sharing multiple services with the candidates: consultation,
mentoring, marketing, logistics, sales, accounting, inventory and
funding
CRITERIA
• Early stage companies
• Emerging brands with different backgrounds including menswear,
womenswear, perfumery, leatherwear, shoes, leather goods, beauty, and
any other consumer goods
• Presence in UAE or KSA (Dubai or Riyadh)
www.talg.ae
Contact name: Marwan Al Serkal
+971502887777

| 1
FASTER CAPITAL Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator/Accelerator
SECTORS OF FOCUS
CORE OFFERING
• Helps fund and develop a sustainable tech startup ecosystem in
which tech startups can develop their ideas
• Refine their products and scale their ideas to the next level with main
programs that include helping entrepreneurs to build and develop
their products
• Helping first-time entrepreneurs in starting their businesses
• Growth and scaling programs and capital-raising programs
https://fastercapital.com/
Contact name: Bashar Hamood
Sally Yazji
Faisal Khamees
[email protected]
[email protected]
| 1
SCALITY Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator/Accelerator
SECTORS OF FOCUS
• Technology
CORE OFFERING
• Monthly subscription per employee, entrepreneurs can set up their
startups and gain access to a network of reliable partners, enabling
business growth and regional scale
CRITERIA
• Technology based
• Scalable
https://www.scality.ae/
Contact name: Hassan Waheed

| 1
HOF CAPITAL Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• FinTech
• Enterprise Software
CORE OFFERING
• Support companies all the way from idea to IPO and beyond in all
of the mission-critical areas of company-building (including revenue
generation, team-building, and fundraising)
• Leveraging our global network, deep pools of capital, and decades
of expertise
CRITERIA
• Investment seed - series b
• Disruptive
• Strong team
https://www.hofvc.com/
Contact name: Tala Al Jabri


| 1
STV Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Digital Technologies
CORE OFFERING
• Active Venture Capital
CRITERIA
• Quality of the team of founders
• Traction of KPIs
• Scalability
• TAM
https://stv.vc
Contact name: Elisa Arrigoni

| 1
PRIVITY FZ LLE Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
CORE OFFERING
• Advisory and consulting services
• Helping companies to develop and grow
CRITERIA
• Partial to 0-1 technologies
• Focused on innovative & disruptive technologies
www.privitylle.com
Contact name: Sleem Hasan

| 1
PLUS.VC Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Tech-enabled startup in seed to Series A stage
CORE OFFERING
• Investing in seed to Series A startups in the MENA region and its
diaspora
CRITERIA
• Tech-related
• Generating revenues/having some form of traction
• MENA based
https://plus.vc/
Contact name: Zainab Al Sharif

| 1
FOUNDER INSTITUTE UAE & GCC Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Pre-Seed Accelerator (Hybrid)
SECTORS OF FOCUS
• Sector Agnostic
CORE OFFERING
• Silicon Valley Curriculum & Structure for Program
• Fundraising Support
CRITERIA
• Launch and Growth Stage Startups
https://fi.co/
Contact name: Sameer Sortur

| 1
PHOENICIAN INVEST LTD Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Fintech
CORE OFFERING
• Investment
• Strategic and operational support
• Talent retention and acquisition
CRITERIA
• Fully dedicated and passionate founding team
• Scalable product solving a problem
• Large addressable market
• Scalable product-solving problem
http://phoenicianfunds.com/
Contact name: Jad Salame

| 1
MINDSHIFT CAPITAL Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Venture Capitalist
SECTORS OF FOCUS
• Foodtech
• Edtech
• Health/wellness tech
• Fintech
CORE OFFERING
• Invest in women-led early stage technology start-ups in the Middle
East & globally
• Target the Rise of the Zillenial - new values that are driving new
business models & innovation
CRITERIA
• Gender lens - company needs to have at least 1 female founder or
cofounder who is operational in the business
• Early stage - post seed/angel round (bridge/Series A)
www.mindshiftcapital.com
Contact name: Heather Henyon, Founding Partner


| 1
TURN 8 Abu Dhabi Dubai Sharjah Ras Al Khaimah Ajman Umm Al Quwain Fujairah
Incubator Accelerator Venture Capital
SECTORS OF FOCUS
• Health Tech • Smart Cities
• FinTech • AI
• EdTech • Mobile cloud
• Transportation and • Multiple Technological
Logistics Innovations
• SaaS Platforms
CORE OFFERING
• Develop a winning venture strategy for your company

• Design a unique corporate innovation accelerator
• Build a venture studio to commercialize internal IP and turn ideas
into startups
• Deploy your own corporate venture capital (CVC) fund and co-invest
with leading angel networks, VCs and likeminded corporates
• Benchmark with leading corporates who developed similar venture
models
CRITERIA
• Seed and Series A
• Technology-based startups
https://turn8.co
Contact name: Kamal Hassan

| 1
LEGAL FRAMEWORK
AND GUIDELINES
The UAE is the 25th most competitive economy globally
as per the Global Competitiveness Report 2019, leading
the MENA region and works to enhance this status by
diversifying its national income. Features of the UAE’s
solid economy include:
• Strategic location
• Strong financial reserves
• Large sovereign wealth funds
• Healthy international relations
• Consistent government spending on infrastructure,
digital transformation and innovation
• Progressive policy of economic diversification
• Multi-specialty free zones
• Increased foreign direct investments (FDIs).
Attractive investment incentives include:

• Up to 100 per cent foreign ownership in free zones
• 100 per cent foreign ownership in 122 economic
activities across 13 sectors
• 100 per cent profit repatriation
• An effective visa system allowing for renewable 10-
year residence visa
• Competitive financing costs, high levels of liquidity
and strong banking system
• No foreign exchange controls
• Strong appreciation and fully convertible currency
• Low inflation
• Low customs tariffs (0 to 5 per cent for almost all
goods).
COMPANY STRUCTURE/LEGAL FORM APPLY FOR YOUR TRADE LICENCE REGISTER YOUR COMPANY
Choosing the legal form for your company is an important There are four types of trade licences in the UAE, also Company registration and licensing is a simultaneous
decision when starting a business in UAE. It sets the tone called business licences, that you can choose from: process. However, the entire process of documentation
and structure for dealing with profits and losses and how • Commercial Licence and approvals goes through various stages. In this step,
you should organise your resources and assets. Decide • Professional Licence you will have to get all the approvals from relevant
the legal form or your company structure during the • Industrial Licence government authorities as requested by the Department
initial stages of planning. This will help provide a layout • Tourism Licence of Economic Development. The documents required are
for your company. You cannot apply for your business different for each company type and activity.
licence unless you decide your company’s legal form. You can apply for any of these trade licences if
The following are some of the legal forms or company you plan to start a business in UAE mainland. The The new UAE Companies Law (comprising amendments
structures under which you can register your business in licensing structure in UAE free zones is different and to the UAE Commercial Companies Law No. 2 of 2015)
the UAE: is dependent on the business activity your company removes specific requirement that a minimum of 51 per
decides to undertake. cent of the shareholding in onshore entities be held by
• Limited liability company (LLC) UAE nationals (cancelling the old FDI positive list in place
• Sole establishment since 2018). New thresholds for UAE ownership (if any)
• Civil company will be determined by the UAE Federal Cabinet, following
• Local company branch recommendations from an inter-emirate committee
• GCC company branch (comprising members of a number of governmental
• Foreign company branch departments from each emirate). The committee was
• Free zone company branch established to propose which economic activities/sectors
• Holding company shall permit 100 per cent foreign investor ownership
and which economic activities/sectors are of a ‘strategic
impact’ such that 100 per cent foreign ownership will not
GET APPROVAL FOR YOUR COMPANY NAME AND be permitted.
ACTIVITY
The Department of Economic Development (DED) must GET YOUR EXTERNAL APPROVALS
approve the trade name for your company before you DED may request additional approvals from other
can move ahead and start the process of your company government or non-government agencies, depending on
set-up in the UAE. Along with your company name, your your business activity. For instance, some businesses may
selected business activity also goes through approval be asked to get approvals from the municipality, specific
during this stage. Once you receive the approvals, you will banks, embassies etc.
have to submit documents to apply for your UAE trade
licence. DRAFT YOUR MEMORANDUM OF ASSOCIATION
It is important to understand the complexities of a
Memorandum of Association (MoA) to start a business
in Dubai. Therefore, before drafting the MoA, make sure
to get expert advice. The MoA should be drafted in
accordance with the UAE Government’s mandates and
must also take into consideration your business interests.
COLLECT YOUR TRADE LICENCE
To get your UAE trade licence, you will have to submit the Business licences are provided mainly depending
following: on the nature of the business activity and the
• Memorandum of Association (MoA) jurisdiction of the business. The most prominent
• Trade licence application licences for business setup in UAE are: commercial
• Relevant government forms licence, industrial licence and professional licence.
• Trade name reservation certificate It takes about one week or more to get the trade
• Initial approval certificate licence from the time you receive your initial
• External approvals (if any) approval. This mainly depends on the business
• Tenancy contract activity and the external documentation. Here is the
• EJARI registration certificate general list of documents and certifications that are
• Passport copies of partners required for business setup:
• NOC for partners (if any)
• Other requirements by the DED (if any)
• Licence application
• Attested LLC agreement
• Governmental forms
• Name reservation certificate
• Initial approval certificate
• External departments approval
• Tenancy contract
• EJARI registration certificate
• Passport copies partners and NOC for partners
(if any)
• Chamber of Commerce and Industry registration
• Endorsements from governmental agencies (for
oil and gas companies)
• UAE Central Bank approval and licence (for
financial institutions)
• Finance Ministry and Industrial certification (for
manufacturing companies)
• Economy and Commerce Ministry certification
(For insurance companies)
• Health Ministry certification (for medical &
pharmaceutical companies)

SOME OF THE IMPORTANT CERTIFICATES
Emirates Quality Mark (EQM) License to use Halal National Mark

Emirates Authority for Standardization & Metrology The licence to use Halal National Mark is issued for
(ESMA) grants the Emirates Quality Mark (EQM) to products according to the technical requirements of the
products that can demonstrate compliance with Cabinet Resolution No. 10 for the year 2014.
the relevant UAE national standards, regional and/
or international standards, and are manufactured by Tax registration certificate
an organisation implementing an effective Quality The tax registration certificate is issued by Federal Tax
Management System. Authority to VAT-registered businesses according to
the registration criteria. Before having this certificate,
Accreditation of Conformity Assessment Bodies companies receive a tax registration number which enable
ESMA grants this to bodies that are technically competent them to charge tax and register for tax return.
to perform specific tasks described in the accreditation
scope document. Value Added Tax (VAT) certificate
The Ministry of Finance issues valued added tax certificate
Registration of Conformity to eligible companies and individuals to claim exemption
ESMA grants this to licensed laboratories that meet from value added tax.
minimum requirements of competence.
Certificate of Origin
Tax Domicile Certificate The Ministry of Economy issues a Certificate of Origin
The Ministry of Finance issues tax domicile certificate to to companies to prove the origin of a product and claim
eligible government entities, companies and individuals to exemption from Customs authorities.
claim exemption from being taxed on income earned in
the UAE.
Other business certificates issued by the Ministry of Economy are:
Industrial Patents and Business licences Trademarks Intellectual

licences industrial designs and business registration property
name availability

BANKING AND FINANCE
The details of banking and finance will be detailed in each
emirates section.
VISA
The UAE’s long-term visas include three categories: the
10-year Golden visa, the Specialised Talent visa, and the
five-year Investor and Entrepreneurial visa. This includes
people and researchers in the fields of science and
knowledge such as doctors, specialists, scientists and
inventors. It is also open to talented creative and sporting
individuals and business, start-up and real estate investors
in the emirate.
• Eligibility for a 10-year visa without a sponsor

1. Investors in public investments of at least
AED 10 million
2. Persons with specialised talents
• Eligibility for a 5-year visa without a sponsor

1. Investors in a property in the UAE
2. Entrepreneurs
Long-term visas are issued directly through the General

Directorate of Residency and Foreigners Affairs in the
respective emirate for a period of five or 10 years and will
be renewed automatically.
TAXATION
The UAE does not levy income tax on individuals.
However, it levies corporate tax on oil companies and
foreign banks. Excise tax is levied on specific goods that
are typically harmful to human health or the environment.
Value Added Tax is levied on a majority of goods and
services.

ABU DHABI
Today’s business Recent legislative changes have allowed for 100 per cent Two of the region’s largest banks, First Abu Dhabi Bank
foreign ownership across a wide array of businesses (FAB) and Abu Dhabi Commercial Bank (ADCB), are
landscape in Abu Dhabi and sectors. When combined with Abu Dhabi’s strategic headquartered in Abu Dhabi, while 24 foreign banks have
is thriving and will location at the intersection of Africa, Asia and the Middle branches in the emirate, including HSBC, BNP Paribas,
continue to do so as East, it is easy to see why the emirate is considered an Credit Agricole, Standard Chartered and Citibank.
attractive and preferred investment destination for some
we enact policies that
of the world’s most recognisable companies. SMEs are an integral part of the government’s drive to
balance short-term empower the private sector as it diversifies its economy.
growth with long-term Industries such as agtech, fintech, healthcare and ICT are To support the growth of SMEs, the government, in
success, providing a growing rapidly in Abu Dhabi thanks to business-support partnership with local banks, has introduced several
initiatives, a transparent regulatory environment, access initiatives to attract investors.
stable environment where to world-class talent and a strong focus on innovation.
businesses can achieve a Abu Dhabi is supporting the emergence and growth of SME CREDIT GUARANTEE SCHEME
bright future. new and existing sectors through its robust infrastructure As part of the Abu Dhabi Government’s Ghadan 21
and business ecosystem. accelerator programme, the Abu Dhabi Department of
Finance has signed agreements with three Abu Dhabi
Establishing a business venture in one of Abu Dhabi’s five banks: FAB, ADCD and Abu Dhabi Islamic Bank (ADIB)
free zones is an attractive option for foreign investors. to offer a financing scheme for SMEs that provides
They provide many benefits, such as: 100 per cent foreign guarantees to the banks in case of default.
ownership, a low-cost operational environment, full
repatriation of capital and profits, and exemption from KHALIFA FUND
import, export, corporate and personal taxes. Khalifa Fund is a small-medium enterprise development
organisation of the Government of Abu Dhabi. Khalifa
• Abu Dhabi Global Market (ADGM) Fund seeks to build a prosperous and innovative
• Khalifa Industrial Zone Abu Dhabi (KIZAD) entrepreneurial ecosystem, encourage innovation
• Masdar City and aid the establishment of SMEs in the UAE. The
• Abu Dhabi Airport Free Zone (ADAFZ) organisation aims to raise entrepreneurs and SMEs’
• twofour54 efficiency through building capacity, unlocking finance
and integrating them with prominent stakeholders.

EMIRATES DEVELOPMENT BANK SME CREDIT Abu Dhabi Investment Office (ADIO) is the government
GUARANTEE: hub supporting investment in the emirate of Abu Dhabi.
Emirates Development Bank (EDB) announced the ADIO enables opportunities for domestic and foreign
launch of an AED 100 million Credit Guarantee Scheme in investors aligned with Abu Dhabi’s economic priorities.
support of SMEs. Under this scheme, EDB provides credit ADIO offers a range of targeted programmes for private
guarantees to partner banks to offer up to AED 2 million sector entities including competitive cash and non-cash
financing to start-ups where EDB guarantees their loan up incentives, small to medium enterprise (SME) enablement
to 85 per cent and up to AED 5 million financing to existing and public-private partnerships.
SMEs where EDB also guarantees up to 70 per cent of
their loan. ADQ is an investment management company based in
Abu Dhabi that holds a broad portfolio of major
INVESTOR ECOSYSTEM enterprises spanning a range of sectors. It provides direct
Abu Dhabi is also home to a growing number of start- and indirect investment to innovative companies to
up communities that provide entrepreneurs with office support their growth and that of the Emirate of Abu Dhabi.
space, business advice and funding for innovators.
Mubadala Investment Company is a sovereign investor
The most notable of these is perhaps Hub71, a flagship managing a global portfolio, aimed at generating
initiative of Abu Dhabi’s AED 50 billion Ghadan 21 sustainable financial returns for the Government of Abu
accelerator programme. Dhabi. Mubadala’s portfolio spans five continents
with interests in multiple sectors including aerospace, ICT,
Hub71 is a global tech ecosystem located at ADGM that semiconductors, renewable energy, oil and gas,
offers subsidised housing, health insurance and the petrochemicals, healthcare and medical technology.
WeWork x Hub71 office space for global start-ups looking Mubadala is a trusted partner, an engaged shareholder
to scale to the MENA region and use Abu Dhabi as a and a responsible global company that is committed to
springboard to grow their businesses. world-class standards of governance.

DUBAI
Dubai is the commercial Dubai has gained international prominence as Under Dubai Creative Clusters Authority:
the economic hub of the Middle East. Its strategic • Dubai Internet City
capital of the UAE, provides geographical location providing easy connectivity to • Dubai Media City
vast business opportunities suppliers in the Gulf, Asia as well as the Africa. Ninety • Dubai Production City
and innovative commercial per cent of the city’s population comprises expats from • Dubai Studio City
all over the world. Dubai’s excellent infrastructure, safe • Dubai Outsource City
modules for enterprises
living environment, tax-friendly policies and visionary • Dubai Knowledge Park
from around the world. leadership that supports technology and innovation • Dubai International Academic City
International exposure create highly conducive for entrepreneurs to thrive. • Dubai Science Park
and an investor-friendly Business jurisdictions in Dubai are segregated zonally • Dubai Design District
to increase the competence as well as productivity of
government are two of a business. Dubai offers mainland business set-ups, Under Dubai Multi Commodities Centre Authority:
the factors that motivate free zone company formations and offshore business • Dubai Multi Commodities Centre (DMCC)
entrepreneurs to start a establishments. Opting for the right jurisdiction depends • Jumeirah Lakes Towers (it is now part of DMCC)
on the business activity and the nature of the business
business in Dubai. Start- you would like to conduct. Others:
ups in Dubai also get perks • Jebel Ali Free Zone (Jebel Ali Free Zone Authority)
on investments and tax In Dubai, you can set up shop either on mainland or • Dubai Airport Free Zone (Dubai Airport Free Zone
in one of the many free zones. Mainland: Operating a Authority)
advantages when compared company on Dubai Mainland allows you to trade within • Dubai Silicon Oasis - (Dubai Silicon Oasis Authority)
to other countries. the local markets as well as trade internationally. The • Dubai HealthCare City - (Dubai Healthcare City
process of company formation is quite systematic. You Authority)
can get a business licence within a day. • International Humanitarian City
• Dubai Maritime City - (Dubai Maritime City Authority)
Free zones: Setting up a business in a free zone is quite • Gold and Diamond Park
reasonable and favourable for new businesses. Some of • Dubai South
the most prominent free zones in Dubai include: • Dubai International Financial Centre
• Meydan
• Dubai CommerCity (DCC) free zone • National Industries Park (TechnoPark)

INVESTOR ECOSYSTEM early funding, working spaces, training programs and
Dubai Foreign Direct Investment (FDI) offers essential workshops, networking events and access to investors.
information and invaluable support to foreign companies Dubai currently boasts several enabling platforms for
that intend to invest in Dubai. Dubai FDI guides, advises entrepreneurs and start-ups, such as TechStars Dubai,
and provides practical assistance with all aspects of Turn8, In5, FinTech Hive, and AstroLabs.
business decisions and management, starting from
determining the best legal structures to identifying the The recently launched Nasdaq Dubai Growth Market, is a
appropriate business activities. landmark initiative helping young businesses and small
and medium-sized companies achieve the next phase of
The Mohammed bin Rashid Fund, the financial arm of their expansion by raising capital through an initial public
Dubai SME, aims to finance innovative pilot projects, offering (IPO). The Nasdaq Dubai Growth Market will
both small and medium enterprises, through dedicated enable fast-growing companies to achieve a streamlined
efforts and a devoted focus on studying the project and cost-effective listing on the region’s international
and providing appropriate assistance for start-up and exchange. As part of the Dubai Future District project, the
expansion. Growth Market will welcome not only companies in the
UAE, but also list companies from around the world to
Dubai Future Accelerators (DFA), an initiative by Dubai help them expand in the region and internationally.
Future Foundation, facilitates the collaboration between
government entities and private sector organisations with The Dubai Angel Investors (DAI) is a fully capitalised
start-ups, scale-ups and innovative SMEs from around the investment company, where angels range from seasoned
world to co-create solutions for future challenges. investors, tech entrepreneurs, venture fund partners,
senior executives of successful companies and one
Overseen by Dubai Future Foundation, Area 2071 is a institutional investor. DAI leverages their collective
unique ecosystem that nurtures global talents to start experience, as well as their extensive network of contacts,
and grow their business in the UAE. Members of Area to add value to investees, through their ability to open
2071 have access to a network of strategic partners, doors and mentor them.
entrepreneurs and investors.
Dubai hosts a large network of incubators enabling

start-ups to scale from an idea to a fully-fledged
business. Incubators create the perfect environments
for small and medium emerging businesses, offering

DUBAI INTERNATIONAL FINANCIAL CENTRE a mandate to explore diverse legal technology topic
AUTHORITY (DIFC) areas and to provide research and thought leadership on
DIFC Authority oversees the strategic development, promoting and encouraging contemporary methods of
operational management and planning of the Dubai greater accessibility and efficiency to court users across
International Financial Centre. It is also responsible for the the globe.
development and administration of laws and regulations
other than those related to the financial services. This think tank has enabled the DIFC Courts to streamline
its major legal technology projects under the Court of the
DUBAI FINANCIAL SERVICES AUTHORITY (DFSA) Future, pooling talent and resources from global partners
DFSA is an independent regulator of financial and related and experts across the fields of law, technology, IT and
services conducted in or from the Centre. The DFSA business, assembled to help legal systems accommodate
supervises regulated companies and monitors their the accelerating growth of technology.
compliance with applicable laws and rules. The Regulatory
Law, DIFC Law No. 1 of 2004 grants the DFSA its powers
as a financial services regulator.
DIFC COURTS
Operating within a common law framework to ensure
the highest international standards of legal procedure
and dispute resolution. The DIFC Courts acts as an
independent administration of justice for resolving all civil
and commercial laws.
In 2017, the Courts of the Future was launched by the

DIFC Courts and Dubai Future Foundation (DFF) with

SHARJAH
Over the years, Sharjah The variety of biomes found in Sharjah provide INVESTOR ECOSYSTEM
exceptional opportunities for investors, developers Sharjah Investment and Development Authority
has grown into a centre and entrepreneurs to create unique offerings that have (SHUROOQ) launched the Sharjah FDI Office (Invest
for arts and culture, as well yet to be seen or experienced in the region. Whether in Sharjah) to promote a diverse set of investment
as a leading industrial hub. businesses require exclusive locations off the beaten opportunities in the emirate. Sharjah FDI Office helps
path, densely populated areas with a steady flow of investors to fully understand processes, investment
The emirate takes a holistic
pedestrian traffic or expansive plots for light industry, advantages and insights on key sectors that fit their
and balanced approach Sharjah is bound to have the perfect location. business profiles.
to economic and social
development by creating Some of the most prominent free zones in Sharjah Sharjah Investors Services Centre (SAEED) is a dynamic
include: entity created specifically to help investors and
human-centric experiences • Sharjah Airport International Free Zone (SAIF) entrepreneurs set up their business in the emirate of
in conjunction with the • Hamriyah Free Zone (HFZA) Sharjah with speed and efficiency. A first-of-its-kind in the
development of physical • Sharjah Media City (SHAMS) emirate, SAEED offers a complete range of government
• Sharjah Publishing City Free Zone (SPC-FZ) solutions to investors, all under one roof.
assets and infrastructure. • Sharjah Healthcare City (SHCC)
• Sharjah Research, Technology and Innovation Park Sharjah Chamber of Commerce and Industry was
(SRTI) established according to the Emiri decree issued in
1970 by His Highness Sheikh Dr Sultan bin Muhammad
Al Qasimi, Member of the Supreme Council and Ruler of
Sharjah. The purpose of founding this organisation was
to have an active and vital establishment that organises
the economic prosperity of its commercial, industrial
and professional sectors at all levels in cooperation with
competent institutions and local authorities.

RAS AL KHAIMAH
The emirate of Ras Al This development and growth have come as a result Based in the heart of Ras Al Khaimah, RAKEZ is one of the
of efforts and support of wise leadership with a clear leading investment hubs in the UAE that offers solutions
Khaimah has witnessed vision, driven by an economy that supports initiatives to free zone and non-free zone businesses.
significant development and and overcomes difficulties, together with the continuous From freelancers and startups to SMEs and industrialists,
prosperity as a part of the government efforts that aim to improve the business the economic zone’s multinational community of over
environment through developing rules, regulations and 14,500 companies is flourishing in over 50 industries.
overall development in the
institutions that support Ras Al Khaimah’s position as a RAKEZ, a world-class economic zone, is aimed at offering
UAE. The emirate maintains unique investment destination. highly customised facilities and services within an efficient
one of the most diversified ecosystem in the emirate of Ras Al Khaimah.
economies in the region, Free zone in RAK: Foreign Investors wishing to set up Limited Liability
• RAK Free Trade Zone Companies within the Non-Free Zone area of RAKEZ must
with an increasing number have a UAE national partner whose shareholding shall not
of dynamic sectors, such INVESTOR ECOSYSTEM be less than 51 per cent of the company’s capital, and the
as tourism, manufacturing, Ras Al Khaimah Economic Zone (RAKEZ) is an authority professional-type Individual Establishment can be owned
established by the government of Ras Al Khaimah in by an individual of any nationality provided that a Local
technology and retail, as the United Arab Emirates to oversee, regulate and Service Agent holding UAE nationality must be appointed.
well as a growing nascent consolidate the services, facilities and zones of RAK Free Non-Free Zone Foreign Branches require a Local Service
specialised industries sector. Trade Zone (RAK FTZ) and RAK Investment Authority Agent.
(RAKIA), as well as serve their respective clients.
RAK Chamber of Commerce and Industry was the second
chamber of commerce commissioned in the UAE, as the
late Sheikh Saqr bin Mohammed Al Qasimi issued His
High Decree for the incorporation of the Chamber on 22
October 1967, so that it may become the cornerstone for
a more optimal regulation of the commercial affairs of
the emirate. The Chamber is a public interest organisation,
possessing a legal personality and administrative and
financial independence within the scope of law, the
Chamber’s Articles of Association and its resolutions,
along with the other regulations in force in the emirate of
Ras Al Khaimah.

The Chamber adopts the spirit of innovation and
creativity, strong leadership and initiative to support
and develop business sectors to achieve excellence
and become pioneers, focusing on clients, investors
and business by meeting their needs and offering them
added value. The Chamber is keen to create and develop
a system of sustainable enterprise relations, and it also
works to provide a business environment and practices
that enhance the culture of group work by working in a
spirit of a unified team – along with responding to internal
and external changes by providing information, data,
procedures and laws for all concerned categories.
RAK International Corporate Centre (RAKICC) is a

corporate registry operating in Ras Al Khaimah. RAKICC
is the consolidation of two company registries in Ras Al
Khaimah – RAK International Companies (formerly a part
of RAK Free Trade Zone) and RAK Offshore (formerly a
part of RAK Investment Authority). RAKICC was formed as
per the Decree No.12 of 2015 and as amended by Decree
No.4 of 2016.
Ras Al Khaimah Incubator and Accelerator “TechTown

RAK” is a hub for start-ups and early-stage companies
in the region. TechTown RAK reflects a true partnership
between public and private sectors to build a start-up
ecosystem in the emirate of Ras Al Khaimah. TechTown
Holding, in partnership with the Department of Economic
Development, Ras Al Khaimah Government, launched Ras
Al Khaimah Incubator and Accelerator “TechTown RAK”.

AJMAN
The emirate of Ajman Ajman also combines an ancient heritage and the The free zone puts the development of physical and
present time, in which it is seeking to achieve the most digital infrastructure at the forefront of its strategic
enjoys high value-added modern and growing forms of development. priorities. This is visible in its current projects such as
features that are ideal for the completion of the second phase of the Robotic
help in doing business, The most promising sectors in Ajman: Process Automation (RPA) system and the wide variety
• Advanced agriculture (aquatic, vertical, photovoltaic, of electronic and smart services aimed at promoting
such as lower operational organic) happiness and enhanced well-being of the Ajman
costs, providing promising • Renewable energy activities community.
investment opportunities, • Specialised medical industries and services
• Aerospace industries The Ajman Department of Economic Development (Ajman
especially in the industrial,
• Organic and halal food and beverage industry DED) drives the emirate’s sustainable development at a
tourism, and service sectors, • Research and development centres local level by creating an attractive investment landscape
plus the availability of skilled • E-commerce for businesses keen to invest in Ajman and take advantage
labour and other features. • Distance education and training of the growth opportunities available in the emirate. It
• Advanced electronic software (3D printing, artificial provides all the important information, latest economic
intelligence [AI] and similar activities) data and activities, as well as investment opportunities
• Advanced and satellite communication technologies in the emirate. Ajman Free Zone’s partnership with the
and services activities department in number of business support projects such
as consumer right and allowing companies licensed by
Free zones in Ajman Ajman DED to operate and lease from AFZ.
• Ajman Free Zone (AFZ)
• Ajman Media Free Zone The Ajman Chamber offers an ideal platform for the
private sector in Ajman to network and establish
INVESTOR ECOSYSTEM connections among various sectors, including the
An attractive investment destination with world-class commercial, industrial and agricultural markets. It
smart services, Ajman Free Zone (AFZ) continues to raises awareness about the development of trade and
increase its global presence in the international market commerce and provides a gateway for international
as a leading economic, investment and commercial businesses interested to invest in Ajman to establish their
platform which supports the ambitious expansion connection and explore key prospects for growth in the
plans of investors and major national, regional and emirate.
multinational companies. The free zone has established
a strong portfolio of integrated services, innovative
solutions and attractive incentives that meet the needs
of today’s businesses.
UMM AL QUWAIN
The emirates of Umm Al Amid the rapid modernisation of the UAE and the It works to facilitate the contacts of the associates with
diversification of the nation’s economy, Umm Al Quwain local references and foreign embassies, resolving disputes
Quwain is located between has kept a fascinating harmony between globalisation between associates through reconciliation or arbitration,
Sharjah and Ras Al Khaimah, and staying true to its roots: to this day, the emirate and giving certificates of origin or source of goods
and is characterised by its remains the country’s main fishing hub, while also and certification on invoices, notes and signatures of
opening its doors to foreign investors interested in registered members, in addition to providing information
nature, culture and heritage. accelerating the development growth of the emirate, on the location and dates of international exhibitions.
and in helping shape its future, as partners. As well as
generating a significant portion of its GDP from fishing, UAQ FTZ is an ideal location for micro businesses, SMEs
including by exporting seafood throughout Europe and conglomerates to do business in a safe and secure
and the Middle East, the Government of Umm Quwain free trade zone environment, and it is one of the most
introduced several policies to improve its trade and attractive places for your effective investment in the
investment ecosystem, incentivising entrepreneurs region. Our professional services make the registration
and investors to join the emirate in its bid to acquire a and licensing process quick and easy.
stronger and more diversified economy.
Free zone in UAQ:

• Umm Al Quwain Free Trade Zone (UAQ FTZ)
INVESTOR ECOSYSTEM
The UAQ Chamber represents, in general, the interests
of merchants and manufacturers, and provides the
government departments and their affiliates with
information, suggestions and projects aimed at
developing the economy in the emirate of Umm Al
Quwain.

FUJAIRAH
Fujairah is located on the Its position, about 70 nautical miles south of the The Fujairah free zone has an area of four million square
Strait of Hormuz – one of the world’s most important metres, which includes two districts and the industrial, plus
east cost of the UAE, and chokepoints deemed critical to global energy security – multiple goods storage areas.
is the country’s gateway also provides Fujairah with a strategic advantage.
to the Indian Ocean. The Fujairah Chamber of Commerce, Industry and Agriculture
The establishment of the Port of Fujairah – one of the is an independent institution for public benefit. Its purpose
strategic location of Fujairah few natural deep-water ports – and the reputation is to represent the private sector and regulate commercial
makes it a prominent choice it has built in a little more than three decades are of interests and industry, protecting and developing them to
for trade and investment, paramount significance to the economic growth of achieve the interests of its members.
Fujairah, transforming the emirate into a strategic
given its direct access
energy hub. The Fujairah Centre for Small Enterprises Support was
to and facilitation of the established in the emirate of Fujairah by Emiri Decree
buoyant maritime trade In Fujairah, there are 18 banks operating and providing No. (3) of 2007 issued by His Highness Sheikh Hamad bin
and navigation in the Indian banking facilities locally and internationally. The Licence Mohammad Al Sharqi, Member of the Supreme Council
of Fujairah Free Zone entitles you to immediately open and Ruler of Fujairah, to be attached to the Fujairah
Ocean. an account in any bank of your choice. Please note Chamber of Commerce and Industry, and works to
that banks in Fujairah look strongly at the feasibility of provide everything necessary for the advancement of the
the project, securities and guarantees, and in the initial small-enterprise sector.
stages.
Among the most important programmes launched by
Free zones in Fujairah: the centre is “Bedayah”, which provides an integrated
• Fujairah Free Zone Authority environment of privileges for entrepreneurs in the emirate,
• International Free Zone Authority (IFZA) such as location services and direct sponsorship that help
• Creative City in the success of projects and small businesses; contribute
to the development of the business sector; and provide
INVESTOR ECOSYSTEM assistance in supporting and developing small projects.
Fujairah free zone was established by Emiri Decree
dated 28 July 1987 and is a local governmental body
Fujairah aims to attract foreign investment by providing
investment facilities and licences and miscellaneous
administrative help to raise domestic output to Fujairah.

HANDLING
LEGAL ISSUES
There are three primary sources of the UAE law:
• Federal laws and decrees (applicable in all emirates)

• Local laws enacted by the individual emirates
• Sharia (Islamic law)
Arbitration centres established by the individual emirates’

Chambers of Commerce and Industry, specialised in
reconciling commercial disputes before going to the
courts, can also be employed.
Useful information:
• Abu Dhabi Commercial Conciliation & Arbitration
Centre – Abu Dhabi Chamber
• Dealing with legal issues – Dubai Government portal
• Dubai International Arbitration Centre (DIAC) – Dubai
Chamber
• Tahkeem – Sharjah International Commercial
Arbitration Centre
• Ajman Arbitration Centre – Ajman Chamber
• RAK Reconciliation & Commercial Arbitration Centre –
Ras Al Khaimah Chamber


Uae Startup Funding Ecosystem Toolkit - 1

Uploaded by

Copyright:

Available Formats

Uae Startup Funding Ecosystem Toolkit - 1

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Uae Startup Funding Ecosystem Toolkit - 1

Uploaded by

Copyright:

Available Formats

UAE STARTUP

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 1

About World Expos and Expo 2020 Dubai 3

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 2

Taking place across 182 consecutive days,

Under the theme ‘Connecting Minds,

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 3

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 4

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 5

Contact name: Reem Bin Alshaikh

Incubator / Government Investment Arm

Government Investment Arm

Contact name: Joe Hepworth

Contact Number: +971563546277

Incubator /Accelerator / Venture Capitalist

Contact name: Stephanie Nour Prince

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 19

Contact number: +97144489205

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 21

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 22

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 23

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 24

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 26

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 28

Contact name: Tala Al Jabri

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 29

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 30

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 31

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 32

Pre-Seed Accelerator (Hybrid)

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 33

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 34

Contact name: Heather Henyon, Founding Partner

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 35

Incubator Accelerator Venture Capital

• Develop a winning venture strategy for your company

Contact name: Kamal Hassan

Attractive investment incentives include:

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 39

Emirates Quality Mark (EQM) License to use Halal National Mark

Other business certificates issued by the Ministry of Economy are:

Industrial Patents and Business licences Trademarks Intellectual

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 40

• Eligibility for a 10-year visa without a sponsor

• Eligibility for a 5-year visa without a sponsor

Long-term visas are issued directly through the General

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 41

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 42

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 43

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 44

Dubai hosts a large network of incubators enabling

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 45

In 2017, the Courts of the Future was launched by the

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 46

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 47

UAE STARTUP FUNDING ECOSYSTEM TOOLKIT | 48

RAK International Corporate Centre (RAKICC) is a

Ras Al Khaimah Incubator and Accelerator “TechTown