- March 13, 2018
- Posted by: MSZ Consultant
- Category: Business Setup, Dubai
Dubai SME offers complete ownership to turn your idea into a successful business!
As per the recent advancements of Dubai SME, an agency of DED (Dubai Economic Development), for the growth of small and medium enterprises/business in the country. The new regulations provide a legal form for incubators to universities, colleges, venture capitalists and entrepreneurs according to CEO, Dubai SME
Dubai SME grants complete ownership to small and medium entrepreneurs who can gain Dubai SME’s business incubator license. Previously, foreigners could only avail 49% business ownership in Dubai mainland and 100% foreign ownership in free zones.
Good news is here, innovative and novel small and medium entrepreneurs and students alike will be able to gain complete, 100% ownership. The authorities will also check the feasibility and execution of the idea. If you are a small or medium business startup with a novel and innovative idea; then you can apply for a Dubai SME’s business incubator license.
Information & Communication Technology (ICT) and e-Commerce/m-Commerce are important sectors with start-ups in the country. Therefore, it is expected that this initiative by Dubai SME’s will benefit these sectors the most. However, only a novel business idea is not sufficient to gain the license.