The UAE is a promising market for first-time entrepreneurs, creating a modern economy, attractive to first-time foreign expatriates. These foreign entrepreneurs can succeed as founders of entrepreneurial companies because the benefits they receive for the starting up of their businesses are significant. Further, the government offers the support of several federal and local entities in its endeavors to encourage foreign entrepreneurs. Furthermore, most of them provide easy, affordable office space rental to new and old foreign businesses. Though starting a new business in the UAE may not be challenging, it does require dedication. The government is constantly encouraging entrepreneurs to keep new businesses running smoothly. Moreover, they should also not spend too much time doing paperwork on small issues, such as opening bank accounts. Business licensing Process As a first step, you will have to go to the Dubai Finance Corporation to take your necessary business licenses.