How Smart Zone is Shaping the Future of UAE’s Economy?

10x Industry

Mokshita P.
10x Industry
Published:

How Smart Zone is Shaping the Future of UAE’s Economy?

Smart Zone has launched 1,200 new businesses in H1 2024, aiming for 10,000 by 2025. Their 96 percent client retention and AED 500,000 investment drive significant economic growth.

Let me tell you about Smart Zone and their incredible impact on the UAE's entrepreneurial scene. In just the first half of 2024, they’ve helped over 1,200 new small and medium-sized businesses get started. That’s a huge achievement, especially considering they've been instrumental in setting up more than 30,000 companies in the UAE since they started.

Smart Zone isn’t just about getting businesses up and running; they offer a full suite of services, including residency visas, bank account setups, tax and accounting support, and more. Their goal is ambitious—they want to assist over 10,000 new businesses by the end of 2025.

Their client retention rate is impressive, standing at 96 percent, and their contributions to the UAE’s economy are significant. They’ve played a key role in sectors like e-commerce, real estate, general trading, and FMCG, which are crucial for the UAE’s economic diversification and growth.

In the first half of 2024 alone, Smart Zone has facilitated over 5,000 corporate tax registrations and helped set up more than 800 bank accounts for their clients. On top of that, they’re investing over AED 500,000 this year to enhance their services and improve the client experience.

Varoon Sinha, the Founder of Smart Zone, sums it up well. He says, “The UAE is buzzing with entrepreneurial energy, sparking a thrilling wave of innovation that’s transforming our economy. Every new venture is not just contributing to growth but shaping the future of our vibrant nation.”

He also highlights the booming real estate market, noting that it's now contributing 5.5 percent to the GDP. This growth is not just about numbers; it’s about reshaping the UAE’s skyline and economy. Sinha believes that with the rise of visionary entrepreneurs, they’re not just experiencing a boom but actually creating the future.

In essence, Smart Zone is a key player in helping businesses get started and grow in the UAE, and their efforts are making a substantial impact on the country’s economic development.