Dubai SME supports entrepreneurs secure competitive legal services

The Hamdan Innovation Incubator (HI2) in Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed a Memorandum of Understanding (MoU) with the International Consultant Law Office (ICLO) with the aim of providing competitive and specialised legal consultancy to SMEs and creative entrepreneurs.

Dubai SME stated that the MoU reflects its keenness to accomplish the vision and strategy of the government in developing SMEs in Dubai and supporting them to attain the highest levels of sustainability and competitiveness across all levels.

The agreement was signed by Abdulaziz Al Mazmi, Director of Business Incubators at Dubai SME, and Saleh Al-Obeidli, Partner at the International Consultant Law Office, at the Hamdan Innovation Incubator in Business Village, Dubai.

“At Dubai SME, we seek to provide a package of advisory and development services at preferential prices for entrepreneurs in order to support their journey, and as part of continuously upgrading our services to the highest levels of quality and competitiveness,” Al Mazmi said.

“Our partnership with the International Consultant Law Office is an added value for our support teams and members as they will have access to expert legal services, especially in preparing agreements, drafting contracts, and reviewing the terms and conditions for projects initiated by members of the Hamdan Innovation Incubator and Dubai SME,” Al Mazmi added.

HI2 supports innovative projects and provide valuable services to creative and ambitious youth, most notably the provision of legal advice in areas critical to enterprise growth in the early stage and across life cycle.

Saleh Al Obeidli, Partner at the International Consultant Law Office (ICLO) said “Through this collaboration with Dubai SME, we are keen on providing quality support to entrepreneurs in the Emirate of Dubai through our specialised department at ICLO that is exclusively focused on Startups & SMEs, for providing them with innovative legal support and with a vision to promote entrepreneurship and the development of SMEs in UAE and in particular in the Emirate of Dubai.”

“We offer a comprehensive package to support the establishment and continuity of the Startup & SME businesses. Our aim is to achieve common goals that are in the interest of the entrepreneurial community, including complimentary (introductory) sessions for SMEs, legal services including the establishment of companies, formulation and preparation of all contracts and agreements that will guide and support entrepreneurs & SMEs.”

“We will also be guiding them on the preparation of Shareholders Agreements, Share Purchase/Subscription Agreements, Supply Agreements, terms and conditions for electronic platforms, investment agreements, and other innovative services.”

Dubai SME, an agency of Dubai Economy (Department of Economic Development - Government of Dubai) aims to foster an entrepreneurial culture and develop a competitive SME sector for the Emirate of Dubai.”

The key strategies adopted by Dubai SME are: advocate a pro-business environment for developing entrepreneurship and SMEs, seed innovative start-ups and groom promising SMEs.

Dubai SME’s vision is to make Dubai the centre for innovative SMEs to start, grow and expand their businesses, thus adding greater value to the economy of Dubai.

The International Consultant Law Office (ICLO) is a duly licensed independent law firm based in Abu Dhabi and delivering quality legal services in the UAE and abroad in many languages.

In ICLO, we provide legal services to foreign and local companies and businessmen in all sectors of business. Our core practice areas include arbitration, litigation, corporate, investment law and legislative drafting.

We have successfully advised, and continue to support, government, government-owned entities, local, regional, and international companies and financial institutions along with both international and regional law firms.