As the world moves toward closing the gender gap, women entrepreneurship can be seen taking a dramatic upward trend globally. Women from all walks of life are venturing into business fields conventionally dominated by male entrepreneurs. The last few decades have seen more and more women taking the entrepreneurial path in the UAE. Thanks to the female-friendly business environment of the UAE, these self-made women have made a mark in diverse industry sectors. Some leading enterprises like Huda Beauty, Mumz World, and Tashas Group are examples of successful ventures owned and run by female entrepreneurs.
The UAE has always upheld gender equality with women in the nation enjoying the same legal rights as men for health, education, property inheritance, and professional practice. Besides, the UAE constantly excels in global rankings for female safety and is seen as the ideal business destination for a woman to pursue entrepreneurship.
Government Initiatives For Women Entrepreneurs
- The Dubai Business Women Council (DBWC) – DBWC is a non-profit organization that strives to bring women to the forefront of sustainable development and nation-building through education and training programmes and networking opportunities.
- The Abu Dhabi Business Women Council (ADBWC) – With the aim of encouraging women to take up entrepreneurship, ADBWC provides business incubation and consultancy services along with training and educational programmes.
- NAMA Women Advancement Establishment – NAMA was founded in 2015 with the aim of facilitating gender equality, and to encourage women involvement across economic and social sectors.
- The Dubai Women Establishment (DWE) – DWE’s initiatives are aimed at developing technical and leadership skills among women. In the past, DWE has also launched initiatives advocating amendment of laws governing aspects like maternity leaves.
RAKEZ BusinessWomen Package
Alongside the government, several free zones have taken up initiatives to empower women entrepreneurs, and lately, special packages tailored for women entrepreneurs have been launched in the UAE. Of these, the BusinessWomen package by RAKEZ (Ras Al Khaimah Economic Zone) emerges as the one with the most substantial benefits for women. The package has been designed to offer the best of advantages to women entrepreneurs.
The BusinessWomen package offers as many as eight (8) different license types:
- General Trading
Benefits of RAKEZ BusinessWomen Package
The BusinessWomen Package offers some attractive benefits exclusively for women entrepreneurs.
Through the BusinessWomen package, women entrepreneurs can have their trade license at a modest price. Moreover, they get the added benefit of a 25% discount on employee and dependent visas.
Payment in Instalments
The BusinessWomen package is available as a one-year plan or a three-year plan. The payment for these plans can be made in instalments rather than a full payment upfront.
Eligibility for Zero-Balance Bank Account
Women entrepreneurs have the exclusive benefits of opening a zero-balance business account with RAKBANK.
Those opting for the BusinessWomen Package can have their service requests processed on priority at One Stop Shop (OSS) Centres of RAKEZ.
Special Benefits for Ras Al Khaimah
Residents of Ras Al Khaimah are eligible for a 10% cashback (T&Cs Apply) with RAKEZ BusinessWomen package.