Smart Zone Fuels UAE Startup Growth with 1,200 New Businesses in 2024

UAE, 30 August, 2024 :  Smart Zone, a leading business setup company, registered over 1,200 new small and medium-sized enterprises (SMEs) in the UAE during the first half of 2024. Since its founding, the company has helped establish more than 30,000 businesses in the UAE, offering services like residency visas, bank account opening, and tax support. Smart Zone aims to assist over 10,000 new businesses by the end of 2025.

With a 96% client retention rate, Smart Zone is driving economic growth in key sectors such as e-commerce, real estate, and FMCG, contributing to the UAE's economic diversification. The company facilitated over 5,000 corporate tax registrations and set up more than 800 bank accounts in 2024, playing a critical role in the UAE's evolving startup ecosystem.

Founder Varoon Sinha highlighted the UAE's thriving entrepreneurial environment, noting the significant impact of new businesses on the nation's economic landscape. Smart Zone plans to invest over AED500,000 in 2024 to further enhance its services and customer experience, reinforcing its commitment to supporting the UAE’s dynamic growth.

Source : www.zawya.com