Are you based in Dubai, Uae? Consider relocating your business to Dubai even for a year. Ernst and Young are reporting significant increases in the number of registered small and medium incorporated businesses in the UAE. Smart Zone refers to itself as the best in doing business services in UAE ever since the client came into the business.
As of today, the company has reportedly set up in the UAE over 30,000 companies along with Residency Visas, Bank Account Opening, Tax & Accounting and more supporting services making it easier to do business in the region for start-up companies and SMEs. In order to enhance the existing startup ecosystem in the UAE, the company has set an ambitious goal of servicing more than 10,000 new businesses by the year 2025.
With a phenomenal 96% client retention rate and with Smart Zone having already launched over 1200 new businesses, this company is a major force in economic development in the United Arab Emirates. Smart Zone is creating the foundation for the country’s economic growth across the country’s most important industries that are key to the diversification of the UAE economy and increase in its GDP – such as ecommerce, general trading, real estate and FMCG.
UAE’s strategy to diversify the economy has also benefited companies such as Smart Zone, which have eased the efforts of businesses beginning operations in the country.
In the first half of 2024 alone, Smart Zone has managed to do over 5,000 Corporate Tax registrations and opened over 800 bank accounts for their clients in the UAE, thus, the immense contribution to the startup ecosystem in UAE. Smart Zone will also further invest more than AED 500,000 in service enhancement in 2024 aiming at improving services to start-ups and customers alike.
“Beneath the arid sunlight, the UAE is alive with entrepreneurial fever and this creates an exhilarating wave of creativity that is changing the landscape of our economy. As daring undertakings take root, it is not only growth they are stimulating, they are also actively contributing to the vibrancy and dynamism of the UAE. I am thrilled to be a part of the epic journey that cannot be brought to a standstill as any other new business is a brick in this amazing edifice of the great success of our nation,” Varoon Sinha, Founder of Smart Zone, commented.
Sinha also added, “Rising to new levels, real estate in the UAE covers 5.5% of the GDP which is a very slim pie that is causing a great wave to the changing skyline and the economy of the country. With globalization, a new breed of entrepreneurs has come up and we are not just seeing the upsurge, we are building the future. This is also a very strong enabler of the UAE as it brings in stability and innovation across the economy.
Smart Zone is focused on assisting entrepreneurs while also enhancing the development of the economy of the UAE. The firm plays a significant role in the steady rise of the Gross Domestic Product (GDP) of the UAE by helping businesses in key sectors to set up and grow in the country.
About Smart Zone
Smart Zone is an aspired business setup company in UAE working towards giving the complete overview to the business owners who wish to set up their businesses. With the objective of providing excellent service provision and services, Smart Zone has a variety of services that includes Company formation, tax and accounting services, marketing services, and Concierge services. Owing to transformation and youth in the business, Smart Zone has won many bankable clients from start-ups to established businesses。”
