What is the best way for a woman to start a business in the UAE? The management of the RAKEZ Free Zone in Ras Al Khaimah has a solution to this question, thanks to their Businesswomen Package, which is designed specifically for businesswomen. So, let’s look at what it is and how it can assist you in being a successful women entrepreneur.
RAKEZ Free Zone has launched a new product called the Businesswomen Package, which is a one-of-a-kind offer for UAE businesswomen. In this free zone, it is now easier than ever for a woman to start a business. A woman can establish her own small business with a wonderful idea and a beginning capital of only 6,200 AED (the minimal government costs of a one-year package). There are two types of possibilities available here: one year and three years. A three-year package is even more cost-effective than a one-year plan because it includes one foreign investor visa (government costs are about 4000 AED). Commercial, E-Commerce, General Trading, Service, Educational Media, Individual, and Freelancer licenses are available, depending on the requirements. All local infrastructure becomes available to young women entrepreneurs, just like in other RAKEZ free zone offers – workstations, offices, warehouses, land plots, and so on. On RAKEZ’s official website, https://rakez.com/promotions/
The process of registering a small business and creating a new corporation for women entrepreneurs appears to be rather straightforward:
It should be emphasized that you can complete the entire process on your own, including selecting a bank with which to create an account, submitting paperwork, and applying for a visa and a license. It will take a long time because you will have to deal with all of the issues, and you may make errors in the process and documentation, which will further slow down your registration. As a result, it is preferable and safer to commit this to a consulting firm. Our firm assists clients by informing businesses and acquiring permits in free zones such as RAKEZ. You can reach out to our experts by filling out this form or requesting a callback.
Women are underrepresented in the Middle East commercial sector for historical reasons, but the administrators of the RAKEZ Free Zone have taken steps to change that. Women can and will do business in our country because all of the necessary conditions have been created. To address this issue, the free zone’s administration hosted special events attended by young female entrepreneurs. Their mission was to discover and research the challenges that young businesswomen encounter. They presented a Businesswomen package based on the findings of their research, which aims to maximize the potential of women in business. There is a gender imbalance in business in the Middle East, which will persist for some time, but reforms are already underway, with the RAKEZ Businesswomen package being one of them. Moreover, various organizations, such as the Abu Dhabi Business Women Council, founded by Sheikha Fatima Bint Mubarak, offer programs for female entrepreneurs.
The UAE has routinely ranked first in global ease of doing business rankings. Local governments have been working hard to provide the most appealing environment for investors from all over the world, and they have now focused their efforts on attracting active and entrepreneurial women to the country. The businesswomen package includes all of the same benefits as the usual package for a corporate investor, but the fees of forming a business are lower, giving women a competitive advantage. As you can see, being a woman is helpful for doing firm in this country. The most popular forms of activities traditionally held by women entrepreneurs are covered by affordable types of licenses. Even a stay-at-home mom with a child can simply start her own modest online business based on an exciting idea after receiving a freelance license and having an interesting idea.
The businesswomen bundle includes commercial, E-Commerce, General Trading, Service, Educational Media, Individual, and Freelancer licenses. As a result, it is most beneficial to engage in these kinds of activities in this location. Women entrepreneurs are subject to general standards in other fields of business, which, by the way, differ favorably from other UAE free zones in terms of price-opportunity ratio.
After obtaining the required license, a businesswoman has access to the free zone’s whole infrastructure, including office space, warehouses, parking spaces, stores, and numerous services. A female entrepreneur, like any other inhabitant of the free zone, is free to conduct business inside the jurisdiction as well as with other countries. You can also utilize local financial services while you’re here. The investor is granted a resident visa, which allows him or her to freely move around the nation and travel overseas. All of this, along with a stable and predictable business environment, as well as the constant growth of the local market, creates good chances for women entrepreneurs in the UAE.