The United Arab Emirates has once again been crowned the best place in the world for entrepreneurs, topping the Global Entrepreneurship Monitor (GEM) Report 2024/2025 for the fourth year running.
Outperforming 56 economies, the UAE has cemented its status as the ultimate hub for startups and small businesses, thanks to pro-business policies, easy access to funding, and a thriving investment scene.
UAE Leads in Business-Friendly Policies
The report reveals that the UAE ranks No.1 among high-income countries in 11 out of 13 key areas, including:
- Access to finance – Securing business funding has never been easier.
- Government backing – Tax benefits, reduced red tape, and strong policies to support startups.
- Education & training – Top-tier entrepreneurial learning from school to university.
- Market access – Fewer regulatory hurdles mean faster business growth.
- Tech & innovation – Cutting-edge research and development support.
Leadership’s Vision for a Global Business Hub
Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, hailed the UAE’s achievement, calling it proof of the country’s bold vision and leadership’s commitment to making it the best place for businesses to start, scale, and succeed.
She highlighted that the UAE is not just leading the region but making waves on the global stage, with ambitious plans under the “We the UAE 2031” vision to become the world’s premier destination for SMEs and the new digital economy.
What’s Driving the UAE’s Success?
The report credits several game-changing policies and investments, including:
$8.7 billion poured into innovation and SME growth under the Projects of the 50 initiative.
100% foreign ownership of businesses – making the UAE a magnet for global entrepreneurs.
Record-breaking foreign investment in 2023, proving confidence in the UAE’s economy.
Entrepreneurial spirit is alive and kicking:
- 67% of adults know an entrepreneur or believe they have the skills to start a business.
- 70% of Emiratis see strong opportunities for launching their own ventures.
- 78% of new entrepreneurs prioritise social and environmental impact.
- 75% of startup founders plan to hire at least six employees in the next five years.
- 80% aim to go digital, keeping up with the latest business trends.
- 55% of UAE entrepreneurs already serve international customers, strengthening the UAE’s status as a global business powerhouse.
UAE Officially the Best Business Environment
On top of ranking first in the GEM report, the UAE also topped the National Entrepreneurship Context Index (NECI), proving it has the most supportive environment for startups and businesses.
(Source: Wam)
