Riding the Business Boom Wave
Business is thriving in the UAE, and as more and more entrepreneurs travel to the region to start a business, other foreign investors are taking notice. In fact, according to The Global Entrepreneurship Index, the UAE was one of the best places to start a business in 2022.
This boom continues, thanks to business-friendly regulations, relaxed tax responsibilities, and a streamlined business setup process. From Free Zone business setup to operating as a Mainland company, there are plenty of opportunities for the right investor in the UAE.
So, what is the right investor? Well, there are plenty of them, and in this blog, we’ll explore a few of them. If you’re considering traveling to the UAE to start a new business and want to know more about the process, this blog is for you.
Eight Types of Investors and Entrepreneurs Entering the UAE Market
In this dynamic and cosmopolitan landscape, we encounter a diverse array of business minds, each with a unique approach to entrepreneurship. Let’s explore eight distinct types of entrepreneurs in the UAE:
The Traditionalist entrepreneur in the UAE upholds time-honored values and often engages in businesses deeply rooted in the nation’s rich cultural heritage. These entrepreneurs may focus on traditional crafts, hospitality ventures, or local trading businesses that have been part of the UAE’s identity for generations. Embracing the country’s heritage, they play a vital role in preserving cultural integrity while contributing to its economic growth through their ventures.
The International Go-Getter
In contrast, the Global Go-getter sets their sights on conquering the international market. Leveraging the strategic location of the UAE and its world-class infrastructure, these entrepreneurs establish businesses with a global outlook. They may engage in export-import trades, establish international franchises, or run multinational companies with operations spanning across continents.
The Enterprising Entrepreneur is constantly looking for innovative opportunities and groundbreaking ideas. They thrive on the UAE’s vibrant startup scene, where innovation and creativity are celebrated. From tech startups to renewable energy initiatives, these forward-thinkers disrupt industries and drive progress while benefiting from the supportive entrepreneurial ecosystem provided by the UAE.
The Side Hustler
The Side Hustler is a versatile entrepreneur who adeptly juggles multiple ventures and income streams. Often starting with a full-time job, they explore the UAE’s business setup options to initiate their passion projects on the side. These ventures could range from e-commerce stores to consultancy services, and the UAE’s ease of offshore business setup provides them with flexibility and low overhead costs to test new waters.
The Roaming Entrepreneur
The UAE’s appeal extends beyond its borders, attracting a unique breed of entrepreneur known as the Nomad Entrepreneur. Embracing the location-independent lifestyle, they establish businesses while traveling or managing operations from afar. The UAE’s offshore business setup allows them to benefit from tax advantages and financial privacy while accessing a stable and supportive business environment.
The Backup Specialist
The Plan B Guru approaches entrepreneurship as a backup plan, safeguarding against uncertainties. While successful in their primary careers, these entrepreneurs opt to establish businesses as a contingency. UAE’s mainland business setup appeals to them, providing a reliable and stable business environment as they diversify their income streams and build a secure future.
The 10-Year Planner
Strategic planning defines the 10-Year Planner entrepreneur. With a long-term vision, they embark on ventures with carefully charted milestones. These individuals benefit from the UAE’s forward-thinking policies, advanced infrastructure, and investor-friendly climate, allowing them to create sustainable and prosperous businesses over the years.
Lastly, The Forward Thinker entrepreneur anticipates future trends and consumer demands, positioning themselves ahead of the curve. Whether in technology, sustainability, or emerging industries, these visionaries capitalize on the UAE’s readiness to embrace innovation and push the boundaries of what’s possible.
Starting a Business? Let MSZ Help You Get the Most Out of Your Investments
From Mainland business setup in UAE to forming E-commerce companies, MSZ is proud to be a trusted business consultancy with years of experience helping entrepreneurs find their way in the Emirates. Our knowledgeable business consultants have the in-depth knowledge to assist you with licensing, visa applications, office spaces, PRO services, and more.
So, if you’re ready to make the most of your investments, call the experts at MSZ Consultancy. We’ll be happy to help you streamline your day-to-day activities and make operating a successful business in the UAE easy. Call today at +971 52 544 1248 and let our expert consultants help show you the way.