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Steady economic growth of the UAE has made startup incubators an important element of the entrepreneurial ecosystem. Even for the most experienced businessperson, setting up a business from scratch can be a mammoth task. Today, with so many people from around the world coming to the UAE to explore the enormous opportunities, business incubators are not only useful but necessary. Many advantages of startup incubators make it the best option for businesses which are just starting up. They are just like a platform where bright minds come up with the most innovative ideas, which they turn into successful businesses later. Such platforms often provide a complete plug-and-play setup which let startups start with their work after purchasing the membership. Thus, they let entrepreneurs focus on the core tasks of refining their ideas. Not just a workplace, but incubators also play the role of learning hubs, nurturing creative & tech minds under the same roof. Incubators act as a medium for private investors & governments to attract potential startups that are ready to begin. Startup incubators in the UAE provide world-class facilities with state-of-the-art infrastructure for flawless functioning of your businesses. Support of such incubators can be very helpful to startups from different sectors. The information regarding setting up a business incubator is as follows:
Business Incubator Activity Details
- Activity Code: 7020029
- Activity Group: Real estate
- License Type: Professional
- Activity Description: It’s a venue designed to house start-up entrepreneurs and enterprises where they can enjoy an array of business support and guidance. This involves the provision of office spaces and technical and administrative services, innovative ideas and counselling, marketing and business potential planning, bank finance options, coordinate interaction with the business community outside the incubator to build relations
Requirements to start a Business Incubator in the UAE
- To be a UAE citizen
- Business 100 % owned and managed by a UAE National
- Business is located in Dubai
- During the exemption period, only one license will be issued
- If the application is for an existing business, it should not exceed three years since startup
- The number of trade licenses issued per applicant prior to submitting the membership application should not exceed 4
Documents Required to start Business Incubator
- CV
- Diploma or Certificates in case of consultancy license only
- UAE Passport/Family Book
