Onjo Simson

  The UAE's ascent to becoming one of the best countries in the world to launch a new business in 2024 is a testament to its unwavering commitment to fostering a conducive environment for entrepreneurship. Ranking 12th overall on the prestigious IMD World Competitiveness rankings, the UAE has made significant strides from its 17th position last year. This remarkable improvement underscores the country's competitive business landscape and robust economic growth, defying global challenges and uncertainties. Several factors have contributed to the UAE's high ranking on the IMD World Competitiveness index. Notably, the nation boasts low startup costs, well-developed infrastructure, and favorable tax rates, making it an attractive destination for budding entrepreneurs. Moreover, access to funding, coupled with extensive government support for entrepreneurs, has further bolstered the UAE's appeal as a business-friendly economy. Additionally, the presence of a skilled multinat...