Factors Assoicates with Increasing Entrepreneurship in the...

Factors Assoicates with Increasing Entrepreneurship in the...

Entrepreneurship in the UAE
Overview The UAE has been known to be a pioneer of change, economic flourishing especially in its openness to foreign direct investments. As of 2011, the share of the self–employed among the employed population is 3%, which is considerably low in comparison to countries in the region such as Jordan (16%) and Lebanon (35%) (17). Almost 93% of the Emirati population are working in the public sector 28% of whom are women with the majority being male employees (17). Another important GCC specific element to put in mind when discussing employment is the percentage of non–nationals who contribute to the working population. This explains why the majority of entrepreneurs in the UAE are not Emirati nationals (18). With the high number of employment in the public sector given many incentives such as high salaries, job security, benefits and flexibility entrepreneurship remains the path less crossed due to the risks involved with taking the initiative (17). In the UAE, there are three important entities that have a strong influence on the progress of entrepreneurship and they are the government, the educational institutions, and the private sector. Another UAE specific element of doing business is the legal bureaucracy that pushes non–local entrepreneurs especially to set up their start ups in the many free zones which in turn require high business license fees, along with restrictions on the number of visas given (18). The government of the UAE has

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