DUBAI: A new study shows that the United Arab Emirates (UAE) is one of the top destinations in the world for entrepreneurs looking to set up start-up companies in 2024.
Among the 52 countries surveyed, the UAE ranked third in the Business Name Generator ranking, confirming its attractiveness for startups.
The analysis considers several factors including GDP growth forecasts, tax rates, cost of living, WiFi speed and happiness index to determine the best location to start.
Linus Näslund of Business Name Generator emphasizes the importance of choosing the right location to start and shows the impact on the availability of resources, market demand and competition.
Applicants are advised to carefully assess the economic, demographic and cultural aspects of potential locations, including the legal and regulatory environment, including taxes, labor laws and zoning regulations. This comprehensive assessment is critical to the success or failure of a business.
