UAE: Best place to start business in 2022

HLB HAMT News Team

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    The UAE has topped the list of best countries for entrepreneurs, as per the Global Entrepreneurship Monitor’s (GEM) 2022 report. The country has been successful in outperforming other leading nations such as Netherlands and Finland.

    The Global Entrepreneurship Monitor analyzes the business environment for entrepreneurs across 50 countries, every year and prepares an assessment report. The reports intends to rank nations on the basis of the encouragement they provide to new businesses, which are of interest to not just entrepreneurs, but policymakers as well. The research also throws light on the significance of the rule of law and education systems in encouraging entrepreneurship.

    The UAE bagged the title of best place to start a business in 2022, by obtaining an NECI core of 6.8. The other countries that closely followed are Netherlands, Finland, Saudi Arabia, and Lithuania. The UAE has shown immense improvement in 11 of the 13 framework conditions. “This could be due to a combination of reasons, including the country hosting high-profile entrepreneurship promotion events such as Expo 2020,” the GEM report stated.

    There are numerous methods a country can adopt to enhance entrepreneurship and some of the major ones are supporting new business during hard times and providing required help to women entrepreneurs. UAE has helped new businesses via various initiatives during Covid-19 pandemic and they have come up with different business packages for women entrepreneurs as well. This, along with many other business strategies, has helped the country emerge as the best destination to do business in 2022.

    While the country provides all the required assistance to new businesses, the role of business consultancy firms in UAE in ensuring smooth company formation should not go unnoticed. There are numerous business consultancy firms in UAE, but finding a reliable one is a challenging process. HLB HAMT is equipped with a team of business consultants who have helped thousands of entities form their base in the country. Contact us if you are planning to set up your business in UAE.

     

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    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
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    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
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    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
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    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
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    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
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    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
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    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
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    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
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    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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