The notion of getting an entrepreneur never crossed Elena Agaragimova’s mind until she came to the Emirates. Having been effective with a number of organisations in the US, the skill development professional chose to bring the plunge to release the own personal company of her in 2019.
As the founding father of Agar Global Services, a knowledge and development firm, she joins a growing league of females working in little to medium sized companies (SMEs) in the UAE.
When it comes to programs for females in business, the UAE is actually a world leader.
Nowadays, females make up seventy per cent of the country’s faculty graduates, 46.6 per cent of the workforce and ten per cent of the leadership within private industry companies, based on stats from the Ministry of Finance. These’re indicators that are specific that they’re a vital portion of the UAE’s social and economic future.
Globally, research from Boston Consulting Group (BCG) discovered that if female business owners received as assistance that is much as male entrepreneurs, the world’s economic climate might go through up to a five dolars trillion boost. This’s information that is amazing as the presence of even more women led companies in the UAE will even further bolster the economy. At present, the contribution of the SME industry to the UAE’s GDP is actually believed at fifty three per cent and also plans are afoot to boost this to sixty per cent by 2021.
pporting females entrepreneurs From a surge in female entrepreneurs and support groups to increased funding for new business organizations, there is never been a much better time for a female to launch a company in the UAE.
When Agaragimova made the decision to release the businesses of her, she selected Ras Al Khaimah Economic Zone (RAKEZ), a thriving hub for start ups and that’s much less than an hour’s journey from Dubai.
“I shopped around, and I believe price wise what they’ve for females business owners is actually appealing and affordable,” she says. “The method of setting up was transparent and easy, and there was no secret charges.”
As part of its commitment to motivate more females to pursue the entrepreneurial dreams of theirs, RAKEZ began to offer three-year and one-year business packages devoted to females for the very first time in the UAE in August.
The RAKEZ BusinessWomen packages start from Dh6,200 and also add a completely free zone licence, a shared workstation, eligibility for a UAE residency visa and different assistance services, like priority and business cards at RAKEZ service centres. The three year offer comes with the extra advantage of 1 completely free investor visa, that typically costs Dh3,950.
“The customer service they provide is great and the offer I chose fitted the spending budget of mine and really needs. Also, RAKEZ has offices in Emaar Square, and that is quite advantageous for someone based in Dubai, like me, therefore I did not have to commute.”
Getting around formalities Monica Marinho is actually the Founder of 20 III Design, a studio which focuses on interior design for high end hospitality, residential, F&B and retail clients. Having arrived in the UAE with the goal of launching the personal business of her, the Brazilian expat’s primary problem was getting around the procedure of company set up in the nation.
She was also worried about discovering a neighborhood sponsor to launch the business. “The package with RAKEZ gave me hundred per cent ownership rights for the business. I chose the BusinessWoman system since it was simply perfect for my needs.”
“Signing up was effortless. Each time I needed info, they replied in under twenty four hours. The entire process from the day I sent documents and received my licence, took a bit less than 2 weeks.”
For business owners that are a novice to the land, it’s essential to search for the best partner they are able to trust, she says. “RAKEZ gave me that trust. I am going to recommend it to my anyone or maybe close friends anybody who must pursue their small business dreams,” she adds.
Dubai-based Jazz artist and soul singer Carrie Gibson has been in the entertainment industry for over twenty years. Her jazz band Nuvo Soul, a funky four piece act, was nominated in 2018 for a Time Out Nightlife award and dubai Music.
“My demand for a licence was all about visas,” she says. “Most musicians in Dubai are actually freelancers, but that licence just provides an one-time visa. I needed to have an additional visa to use various other musicians.”
“The business package dedicated to females entrepreneurs was most suitable for the desires of mine. Additionally, they get an office environment here in Dubai, that made it much easier for me.”
RAKEZ has a one-stop-shop concept, and that is extremely useful when you’re beginning a brand new business, says Injy Guenena, Founder and Owner of Pearl Homes. Having lived in Ras Al Khaimah in the past 6 years, she released her very own property start up this year.
“We specialise in helping individuals with their property investments and also help support the expat group with their leasing needs,” she says.
“I got into real estate industry as a result of broad interest in several individuals and homes seeking assistance when searching for a house. The UAE and Ras Al Khaimah, particularly, have made it very simple for us to create the online business – they take care of everything.”
She chose to set up the business of her under the RAKEZ BusinessWomen package. Once again, reduced set up costs played a vital role in the choice.
“When we watched there was savings that are great for females as a [business] owner, we chose to choose it.”
“The startup price was important for us, and we could lease the office environment area from their website. Furthermore, the program provides me enough visas for myself as well as my potential staff.”
With simplified set up processes, fast track visa, ongoing business and licence issuance assistance services, RAKEZ is actually focused on supporting females entrepreneurs like as Guenena to underpin Ras Al Khaimah’s and the UAE’s thriving economy.
Such attempts by the federal government of Ras Al Khaimah along with other federal entities mean the UAE has climbed ten areas to 11th place in the World Bank’s annual ease of doing business very last year, and that is ahead of several standard stalwart countries in Western Asia and Europe, making it the simplest area to do business in the Middle East. The nation also offers an ambitious goal to be only one of the top twenty five on the planet for gender equality by 2021.
There is never been a good time for females to get a company in the UAE, says Pearl Homes’ Guenena. The UAE’s supporting laws and business ecosystem are ripe for planting start ups.
“I would suggest in case you would like to launch a company, do it right now. There’s never going to become a [more] perfect time.”