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Hi Dubai
17-07-2025
- Business
- Hi Dubai
Top Government-Backed Business Support Platforms in Dubai: A Guide for Entrepreneurs and SMEs
Dubai has long positioned itself as a leading hub for entrepreneurship in the region, and that's not just a marketing slogan—it's backed by real infrastructure, funding, and government commitment. According to the UAE Ministry of Economy, small and medium enterprises (SMEs) represent more than 94% of all companies operating in the country and contribute over 60% to the national GDP. So, what's powering this growth behind the scenes? Beyond funding and free zones, Dubai offers a variety of officially backed networking platforms designed specifically to connect entrepreneurs, founders, and SME owners with the right people, resources, and opportunities. Could a single conversation at a government-backed forum unlock your next big client, supplier, or investor? With the competitive pressure of Dubai's fast-moving business environment, staying connected isn't just helpful. It's often essential. These structured forums do more than facilitate introductions. They offer access to government support programs, exclusive workshops, procurement opportunities, and regional exposure that's difficult to replicate through informal channels. How else can a startup founder get direct access to policymakers or corporate decision-makers? In this article, we explore the top official business networking groups and forums in Dubai, highlighting who they're for, how to join, what they cost, and what kind of support entrepreneurs can realistically expect. Dubai SME (Department of Economy and Tourism) Dubai SME, a division of the Department of Economy and Tourism (DET), was established in 2002 to support UAE National entrepreneurs through every stage of their business journey. Formerly known as the Mohammed Bin Rashid Establishment for SME Development, it offers guidance, funding, and streamlined access to government services. Its integration within DET reflects a long-term commitment to SME growth, ensuring alignment with Dubai's economic goals and simplifying official procedures for business owners. Best for: New entrepreneurs launching businesses. UAE/GCC nationals aiming for long-term business growth. Existing SMEs needing scale-up support. Enterprises targeting government contracts (10% of contracts are allocated through Emirati Supplier Programme). Dubai-based businesses (including select free zones). Membership Requirements (for UAE/GCC nationals): UAE or GCC nationality with valid documents. Max 5 trade licenses per applicant (fully/partially owned). Must reside and operate in Dubai. Fees: AED 1,000 (Years 1–3), AED 2,000 (Years 4–5), or AED 1,050 flat for new/renewed license (excluding federal fees). Government Procurement Program: 100% UAE-owned and managed. Dubai-based business and residence. Must meet Ministry of Finance's SME criteria. Requires trade license, passport, signature authorization, and audited report (if 5+ years old). Funding Services: Enterprise must be 100% UAE-owned and Dubai-based. Applicant must actively manage the business (ages 21–65). 20%+ capital contribution, with consent-based appointments for key roles. Dubai Chambers (Commerce, International & Digital Economy) Dubai Chambers operates under a three-chamber model—Commerce, International, and Digital Economy—established through Law No. 1 of 2022 to boost Dubai's non-oil trade and global business appeal. The Dubai International Chamber focuses on attracting foreign investment and helping local businesses expand internationally. This shift from a single entity to a multi-chamber structure reflects Dubai's commitment to economic diversification and offers more targeted support to businesses based on their specific needs and growth goals. Best for: Mainland and free zone companies in trade, industry, or services. SMEs aiming for international expansion (e.g., via Dubai International Chamber's 'New Horizons'). Foreign investors and international companies. Businesses involved in trade needing COOs, Carnets, or attestations. Companies looking for local/global networking and industry insights. Membership Details: Open to all business types (sole, local, foreign, or free zone). Documentation varies by business structure but typically includes a trade license, a passport/Emirates ID, an MOA, and a POA (if applicable). Fees & Tiers: Handicrafts/e-traders: AED 50–300 Bronze : AED 49/month (basic access and listings) : AED 49/month (basic access and listings) Silver : AED 199/month (premium networking, advisor, reports) : AED 199/month (premium networking, advisor, reports) Gold : AED 999/month (global reach, market research, featured listings) : AED 999/month (global reach, market research, featured listings) Dubai SME members enjoy a 5-year fee exemption. Ministry of Economy – National SME Programme The National SME Programme, under the Ministry of Economy and established by Federal Law No. 2 of 2014, serves as the federal arm of SME support in the UAE. It empowers Emirati entrepreneurs through coordinated efforts with the government and private sectors, offering marketing, funding, and training support. Focused on sustainable development and national competitiveness, the program plays a key role in promoting locally made products and fostering a new generation of Emirati business leaders. Best for: UAE nationals (18+ years old). Businesses less than 3 years old or with fewer than 4 existing trade licenses. 100% UAE-owned, registered, and compliant with National SME classification. Entrepreneurs in trading, services, or industrial sectors. Companies seeking participation in exhibitions, training, or market insights. Requirements: Valid documents (passport, family book, ID, license, photo). Must be tax registered and insured. Manufacturers need an ISO certification. Cost & Validity: Membership is free. Valid for 2 years post-trade license renewal. Dubai Economic Development Department (DET) The Department of Economy and Tourism (DET), formerly DED, is the main body shaping Dubai's economic strategy. It supports the emirate's shift toward a diversified, service-based economy through agencies like Dubai SME and Dubai Exports. DET handles mainland licensing, drives export growth, and promotes foreign investment. Its rebranding reflects the integration of tourism into Dubai's economic priorities, creating a unified support system for both traditional businesses and the hospitality sector. Entrepreneurs should note that DET governs mainland licensing, while free zones have separate authorities. Best for: Entrepreneurs setting up mainland businesses. Companies needing license renewals, trademarks, and permits. Exporters seeking new markets (via Dubai Exports). SMEs looking for FDI opportunities or government procurement. Business Setup Process: Choose legal form and jurisdiction. Register trade name, submit documents, apply for the appropriate license. Provide lease/NOC, passport copies, and any required plans or forms. Export Support: Register via eServices portal. Update profile, request services. Programs like trade missions require separate eligibility. Free Zone Interaction: DET does not regulate free zones, but free zone entities must follow DET procedures to operate branches on the mainland. Required documents include trade name certificate, agent agreements, and Ministry of Economy registration (AED 15,000 fee). Emerging Official Platforms for Business Growth Dubai SME Learning Hub The Dubai SME Learning Hub is a digital platform launched under the D33 agenda to support entrepreneurs with AI-powered, expert-led courses. It offers tailored learning for every stage of business growth, helping turn ideas into successful ventures. By focusing on Dubai-specific needs, the Hub supports a future-ready SME ecosystem and aligns with the city's long-term economic goals. Best for: Entrepreneurs in or entering the Dubai market. Busy individuals seeking flexible, localized business knowledge. Founders needing guidance in finance, innovation, and marketing. Anyone looking for certifications after completing courses. Key Details: No registration required (though UAE Pass/email enhances access). Available in English and Arabic. Free and mobile-compatible. Area 2071 (Dubai Future Foundation) Area 2071, launched in 2017 by the Dubai Future Foundation, is a purpose-built innovation hub designed to help Dubai become the world's leading city of the future by 2071. More than just a co-working space, it connects startups, researchers, and government entities in a shared environment focused on breakthrough ideas. With licensing, visa facilitation, and access to labs, accelerators, and flexible workspaces, it streamlines startup growth. The platform prioritizes ventures with proven traction, offering them resources to scale and contribute to Dubai's long-term innovation agenda. Best for: Entrepreneurs, researchers, and startups working on transformative ideas. Growth-stage startups with traction, GCC relevance, and international ambitions. Public-private innovation partnerships. Facilities & Support: 3-year business licenses and Golden Visa pathway. Community access to labs, investors, and collaborative networks. Launchpad program for startups with: USD 500,000+ annual revenue. Institutional capital raised. Willingness to move the global HQ to the UAE. Dubai's government has built a well-rounded support system for entrepreneurs and SMEs, offering targeted resources for every stage of business, whether you're launching locally through Dubai SME, expanding globally via Dubai Chambers, or innovating within future-ready spaces like Area 2071. Each platform is purposefully designed to meet specific business needs, from funding and training to global networking and digital transformation. By aligning with these official forums, entrepreneurs can navigate Dubai's business landscape with greater clarity, access, and confidence, making it easier to grow, connect, and thrive in one of the world's most business-forward cities. Also read: Protect Your Ideas: Trademark Registration in Dubai Learn how to register a trademark in Dubai with this step-by-step 2025 guide. Understand eligibility, costs, legal benefits, and common mistakes to protect your brand effectively in the UAE. Why Summer is the Best Time to Digitally Transform Your Business in Dubai Summer in Dubai offers the ideal time to upgrade systems, train teams, and prepare your business for a stronger, more efficient Q4. Everything You Need to Know About Local SEO in Dubai Explore why local SEO matters, how to implement it effectively, and how to track your success. By the end, you'll have a clear roadmap to boost your visibility and attract the right customers in Dubai's competitive digital landscape. DIFC Enacts Legislative Amendments to Strengthen Data Protection and Clarify Financial Laws DIFC enacts new amendments to key laws, including enhanced data protection rights and clarifications to insolvency, security, and employment laws, aligning with international best practices.
Business Times
23-05-2025
- Business
- Business Times
RedBird Capital agrees to a £500 million deal to buy UK's Telegraph newspaper
[LONDON] RedBird Capital Partners, the US fund that bought Britain's Telegraph newspaper in partnership with UAE-owned IMI, will take control of the publication after agreeing a deal that values the enterprise at £500 million (S$868 million). The ownership of the right-leaning broadsheet has been in flux after the Abu Dhabi-backed RedBird IMI bought the Telegraph and the Spectator magazine in 2023, before Britain's then government moved to ban foreign state investment in British newspapers, forcing it to sell. The move followed an outcry among some politicians over the independence of the media and whether foreign states would be able to buy political influence. The current government's decision last week to allow foreign state-owned investors to own up to 15 per cent of British newspaper publishers helped unlock a deal. RedBird Capital, which provided a quarter of RedBird IMI's funding for the initial deal, will become the sole control owner and is in talks with 'select UK-based minority investors with print media expertise', it said in a statement. IMI will participate as a minority investor subject to Britain's legislation on foreign state-backed ownership. 'We believe the UK is a great place to invest, and this acquisition is an important part of RedBird's growing portfolio of media and entertainment companies in the UK,' Gerry Cardinale, the founder of the US private equity firm, said in a statement. The Telegraph said no final agreements were in place and there would be regulatory hurdles to clear. RedBird Capital Partners was formed in 2014 and is investing in sports, media and financial services companies. It manages about US$12 billion in assets globally, according to its website. RedBird's investments include AC Milan, Skydance Media and its pending merger with Paramount Global. REUTERS
Saba Yemen
22-05-2025
- Saba Yemen
Iranian Navy Denies Reports of Hijacking Oil Tanker
Tehran – Saba: The Iranian Navy denied on Thursday reports alleging that it had hijacked a UAE-owned, Panamanian-flagged oil tanker near Iran's Jask port. In a statement, the Iranian Navy said that the report by the security firm Embry about the ship's hijacking was baseless, stressing that no similar incident had occurred in waters under its jurisdiction. Whatsapp Telegram Email Print more of (International)
Yahoo
20-05-2025
- Business
- Yahoo
Ports demand £120m for ‘obsolete' Brexit border posts
Britain's ports are demanding £120m in compensation after Sir Keir Starmer's EU trade deal removed the need for costly post-Brexit border posts. The request for taxpayer-backed compensation has been made after the new UK-EU agreement meant that new refrigerated inspection sheds, warehouses, car parks and roads would become surplus to requirements. The Prime Minister's agreement will remove the need for border checks on plant, animal and food imports from the EU, wiping out the fee revenue that ports were banking on to recover the hefty capital cost of setting up the new checkpoints and inspection facilities. The ports' demands could add an unforeseen taxpayer cost to the UK-EU deal, putting further pressure on the Government's already stretched finances and offsetting some of the deal's benefit. It would also be controversial, given Britain's ports are owned by Middle Eastern and Chinese investors. Some of the recipients would include UAE-owned DP World and the Hong Kong-based conglomerate CK Hutchison. 'We've prepared these facilities in good faith, and now they're not going to be used,' said Richard Ballantyne, chief executive of the British Ports Association. 'Some of them may be eventually demolished, or at least modified. The Government should cover the full costs of these white elephants and put this episode behind us.' In 2020 the government doled out £200m to 41 ports across Britain in payments ranging from under £100,000 to more than £20m. The money was to be spent on infrastructure designed for inspections and spot checks on trucks from the EU carrying farm and food produce. But the Port Infrastructure Fund was not large enough to meet demand, leaving the ports to foot up to £120m of the bill – much of which was incurred during the pandemic, when construction costs soared. Once built, a typical large border control post costs around £200,000 to maintain, with running costs including energy, security, business rates, cleaning and repairs. The plan was for the ports to recoup at least the operating costs of the facilities, if not the capital and opportunity costs, from charging levies or fees on the EU-origin trucks that used them. Up to 40pc of Britain's trade with Europe is in agri-food or related products. But the UK-EU deal will set up a 'common sanitary and phytosanitary area' that will remove the need for the checks and inspections – and for the revenue and infrastructure that supports them. 'It's quite impressive infrastructure. But it could be largely redundant now,' Mr Ballantyne said. It could be more than a year until the UK-EU deal on animal and plant products is implemented. Mr Ballantyne said this would give the Government and industry time to set up any compensation mechanism. 'Based on our experiences last time, it's got to be quite flexible. The conditions that were placed on ports last time were too onerous,' Mr Ballantyne said. The Government was contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Telegraph
20-05-2025
- Business
- Telegraph
Ports demand £120m for ‘obsolete' Brexit border posts
Britain's ports are demanding £120m in compensation after Sir Keir Starmer's EU trade deal removed the need for costly post-Brexit border posts. The request for taxpayer-backed compensation has been made after the new UK-EU agreement meant that new refrigerated inspection sheds, warehouses, car parks and roads would become surplus to requirements. The Prime Minister's agreement will remove the need for border checks on plant, animal and food imports from the EU, wiping out the fee revenue that ports were banking on to recover the hefty capital cost of setting up the new checkpoints and inspection facilities. The ports' demands could add an unforeseen taxpayer cost to the UK-EU deal, putting further pressure on the Government's already stretched finances and offsetting some of the deal's benefit. It would also be controversial, given Britain's ports are owned by Middle Eastern and Chinese investors. Some of the recipients would include UAE-owned DP World and the Hong Kong-based conglomerate CK Hutchison. 'We've prepared these facilities in good faith, and now they're not going to be used,' said Richard Ballantyne, chief executive of the British Ports Association. 'Some of them may be eventually demolished, or at least modified. The Government should cover the full costs of these white elephants and put this episode behind us.' In 2020 the government doled out £200m to 41 ports across Britain in payments ranging from under £100,000 to more than £20m. The money was to be spent on infrastructure designed for inspections and spot checks on trucks from the EU carrying farm and food produce. But the Port Infrastructure Fund was not large enough to meet demand, leaving the ports to foot up to £120m of the bill – much of which was incurred during the pandemic, when construction costs soared. Once built, a typical large border control post costs around £200,000 to maintain, with running costs including energy, security, business rates, cleaning and repairs. The plan was for the ports to recoup at least the operating costs of the facilities, if not the capital and opportunity costs, from charging levies or fees on the EU-origin trucks that used them. Up to 40pc of Britain's trade with Europe is in agri-food or related products. But the UK-EU deal will set up a 'common sanitary and phytosanitary area' that will remove the need for the checks and inspections – and for the revenue and infrastructure that supports them. 'It's quite impressive infrastructure. But it could be largely redundant now,' Mr Ballantyne said. It could be more than a year until the UK-EU deal on animal and plant products is implemented. Mr Ballantyne said this would give the Government and industry time to set up any compensation mechanism. 'Based on our experiences last time, it's got to be quite flexible. The conditions that were placed on ports last time were too onerous,' Mr Ballantyne said.
