Female entrepreneurship has seen tremendous growth globally in recent years, with women making their mark across various industries. While the surge in women-owned businesses is promising, challenges remain, particularly when it comes to starting new ventures. RAKEZ (Ras Al Khaimah Economic Zone) has recognised these challenges and developed the BusinessWomen Package, offering targeted support to female entrepreneurs eager to start their entrepreneurial journey in the United Arab Emirates (UAE). This blog post explores the current landscape of female entrepreneurship, the key features and benefits of RAKEZ's BusinessWomen Package, how it addresses common challenges and why it stands out compared to other business set-up packages in the region.
Female entrepreneurship is an increasingly powerful force, with women globally setting up businesses at an unprecedented rate. However, despite the rise in numbers, women still face several obstacles that hinder their growth potential. These challenges often include securing funding, balancing family and work commitments and navigating the legal and financial requirements of starting a business. In the UAE, the government's focus on creating an environment conducive to business growth has led to greater opportunities for female entrepreneurs. Yet, even with supportive initiatives, there are still complexities in the process, particularly when it comes to legalities, banking and operational set-up.
RAKEZ’s BusinessWomen package has been crafted with the specific needs of female entrepreneurs in mind, offering a unique blend of flexibility, expert support and access to a comprehensive suite of services. Here are some key features that make it stand out: • Affordable business set-up The BusinessWomen package offers an affordable solution for female entrepreneurs looking to set up their businesses in the UAE. This cost-effective package for female entrepreneurs is designed to reduce the financial strain of getting a business off the ground, ensuring that women can focus on what truly matters: their business idea and growth. • Tailored support for women entrepreneurs Recognising the distinct needs of female entrepreneurs, RAKEZ offers dedicated support throughout the entire business set-up process. From licensing to legal documentation, RAKEZ provides expert guidance at every step, ensuring that the complexities of starting a business are handled efficiently. • Banking services A business bank account is essential for any entrepreneur. RAKEZ simplifies this process by offering expert support for both business and personal bank account openings in the UAE. The package includes guidance on documentation and a streamlined process for successful bank account applications. • VIP Bank Account services For those seeking a more personalised approach, RAKEZ offers VIP banking services that ensure a hassle-free account opening experience. This level of service is ideal for women who are looking for a smoother journey with direct support from a dedicated team of experts. • Comprehensive value-added services Beyond business registration, RAKEZ offers a wide range of value-added services designed to support the ongoing success of female entrepreneurs. These include: • Tax, Accounting, and Compliance: Essential services to manage the financial and legal aspects of running a business. • E-commerce services: Customised support for online businesses to optimise their operations and reach. • Labour Banking and Financial solutions: For those managing teams, RAKEZ offers innovative financial solutions for labourers. • Self-Storage services: Cost-effective storage solutions for businesses that require extra space for equipment or inventory. • Industrial and Transportation services: Support for businesses in logistics and operations, offering solutions for warehouse management, cleaning and transportation. • Networking opportunities and coworking space: The BusinessWomen package includes membership in a coworking centre, providing female entrepreneurs with access to a professional and collaborative working environment. This is complemented by invitations to business networking events where women can connect with other entrepreneurs and potential partners.
The BusinessWomen package directly addresses several challenges that female entrepreneurs often face when setting up a business: • Access to finance Opening a business bank account is one of the most important steps when starting a company, and RAKEZ makes it easier by guiding businesswomen through the entire banking process. RAKEZ’s support in obtaining a bank account, coupled with VIP banking services, simplifies financial management, ensuring that entrepreneurs can focus on growing their business without the stress of banking complexities. • Documentation and legal complexities Navigating legal documentation can be daunting for any entrepreneur, especially for women who may be unfamiliar with local requirements. RAKEZ’s expert team assists in preparing the necessary documents, ensuring compliance and a smooth registration process, ultimately reducing the chances of delays. • Work-life balance Female entrepreneurs often juggle multiple responsibilities. The BusinessWomen package alleviates some of the pressures by offering efficient and streamlined services, which allows female entrepreneurs to focus on running their businesses while RAKEZ handles the administrative and operational set-up. • Building a supportive community Networking is crucial for entrepreneurs, but it can be challenging to find the right people and resources. Through RAKEZ’s coworking space and networking events, female entrepreneurs have the opportunity to build connections and learn from other successful businesswomen in a supportive environment.
When compared to standard business set-up packages, the BusinessWomen Package offers several advantages tailored specifically for female entrepreneurs. While typical packages provide the basics, RAKEZ’s offering includes additional services such as VIP banking, a focus on women-specific challenges, and an enhanced support system. These features go beyond the basic requirements of setting up a business and provide a holistic approach that is particularly beneficial for female entrepreneurs looking to thrive in a competitive landscape. Moreover, the flexibility of the BusinessWomen package allows female entrepreneurs to scale their business as needed, with up to five shareholders and five business activities included in the package. This flexibility is especially beneficial for women who may be starting small but have plans for significant growth.
The BusinessWomen package is ideal for female entrepreneurs from various sectors, including: • Commercial Traders: Those engaged in the buying and selling of goods or services. • Consultants: Women in consultancy services who want to establish a professional presence. • Media and E-Gaming: Female entrepreneurs in the fast-growing media and gaming industry. • E-commerce: Women who wish to start an online business or expand their existing e-commerce ventures. • Educational Services: Those involved in offering educational services or training programmes. Whether you're starting a small consultancy or a large trading business, the BusinessWomen package by RAKEZ provides the tools and services needed to turn your entrepreneurial dreams into a reality. Explore the RAKEZ’s BusinessWomen package now and take your first step with the right support behind you.
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