Emirates NBD Seed Capital loans are available up to a maximum of AED 2 million with easy qualification and repayment terms. The move by Emirates NBD comes at a time when self-employed nationals are increasingly recognised for their contribution to the UAE economy and the government plans to introduce a new law to help streamline and speed-up the process of setting up new businesses.
“Small businesses account for 46 per cent of the country’s GDP and new business start-ups make a significant contribution to this,” said Jamal Bin Ghalaita, Group Deputy Chief Executive Officer, Emirates NBD. “Our aim is to inspire more UAE nationals to develop their entrepreneurial ideas into fully fledged business enterprises, which are of vital importance to the growth and prosperity of our economy.
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Author: CPI Financial
