Economy Country January 22, 2025

Challenges Faced by SMEs in UAE

A recent report by Sole Online reveals that small and medium enterprises (SMEs) in the UAE are confronting seven key challenges that threaten their growth and sustainability.


Challenges Faced by SMEs in UAE

How the company "Sol Online", specializing in accounting services, small and medium enterprises in the Emirates faces seven main problems. Among these challenges are the fragility of financial discipline, issues with access to financing, difficulties in hiring and retaining personnel, non-compliance with tax requirements and normative acts, a lack of clear understanding of financial data, the absence of automated processes and risk management, and also limitations in accessing technologies and innovations. Additionally, as communicated by a representative of "Sol Online", it is important for entrepreneurs to recognize these problems and be ready to seek solutions, including through contacting specialized companies like "Sol Online". "We are ready to provide comprehensive support and consulting in the field of accounting and tax legislation, helping businesses successfully overcome complexities and develop," emphasized the representative of the company.