UAE Plans 2 Million Companies by 2031
- 26.09.2025
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE government announced plans to increase registered companies from 1.2 million to 2 million by 2031. This 67% growth target shows strong government support for business expansion and creates practical advantages for companies considering setting up in Dubai.
SMEs Drive the Growth Strategy
SMEs (Small and Medium Enterprises) currently represent the majority of companies in the UAE and contribute over 60% to the non-oil economy. The government is counting on this segment to achieve the 2031 target, which means continued policy support and infrastructure development for businesses of this size.
If you are planning to establish an SME, you will benefit from an environment specifically designed to support companies like yours. The track record is solid – existing SMEs have already proven they can thrive and contribute meaningfully to the economy.
Key Industries Getting Priority
The growth plan focuses on technology, renewable energy, advanced manufacturing, food processing, and financial services. Companies in these sectors can expect targeted support, specialized business zones, and streamlined approval processes.
This sectoral approach means the government is not just increasing numbers but building expertise in areas with strong global demand. Your business setup in these industries aligns with both local priorities and international market trends.
License Types for Key Growth Industries
Each priority sector has specific licensing options designed to support the 2031 growth plan.
Technology companies can choose from a variety of licenses for IT services or software, as well as general trade licenses for hardware businesses.
Renewable energy firms typically require industrial licenses for manufacturing or specialized trade licenses for equipment distribution.
Advanced manufacturing businesses need industrial licenses, which are now available with 100% foreign ownership.
Financial services firms have multiple options, including professional licenses for consultancy or specialized permits for regulated activities.
The licensing process has been streamlined through digital platforms, reducing setup time from weeks to days in many cases. This efficiency is essential for achieving the ambitious company formation targets.
However, the right license type depends on your specific business activities and structure. General guidance cannot replace a detailed assessment of your business purpose, operational model, and compliance requirements. A professional consultation is recommended to determine the optimal licensing approach for your specific case.
Market Timing Considerations
The 2031 target provides confidence that the UAE government remains committed to business-friendly policies. You are not just choosing current conditions but investing in a market with clear growth plans and the policy framework to achieve them.
Your business setup now positions you within a growing ecosystem rather than a mature, saturated market. The timing aligns with government investment cycles and policy optimization.
Comprehensive UAE Business Solutions
Our comprehensive services are designed to support you every step of your business journey in the UAE:
- Company Formation: We guide you through all aspects of setting up your company, whether in a free zone or on the mainland, ensuring you choose the best option for your business.
- Visa and Emirates ID Services: We streamline the process of securing visas and Emirates IDs for you and your employees, allowing you to focus on your business operations.
- Accounting: Our team ensures your business stays compliant with local financial regulations, which is crucial for maintaining good standing in Dubai’s business community.
- Tax: We help manage Dubai’s tax environment, ensuring your business remains compliant while optimizing your tax position.
- Business Consulting: Leveraging our deep understanding of Dubai’s market, we provide valuable insights and help you develop effective strategies to succeed.
Visit our services page to learn more about everything we do.
