"Advantages of doing business in Dubai"
Dubai’s progress continues to make global headlines and its attraction as a destination for tourists and businesses alike is now legendary. In less than 40 years, Dubai has transformed itself from a local trading community into one of the most inspirational, exciting and successful cities in the world.
Enriched with cultures of more than 190 Nationalities and a quality of work and life, Dubai offers its residents and businesses a unique environment. It is a bustling metropolis with a combination of Emirati heritage, Arabic vitality, Western spontaneity and Asian ambition. The tax- free policies and penalty – free repatriation of earnings have enormous benefits on both a personal and business level, with outstanding opportunities for personal savings and professional profits.
Competitive advantages and Economy overview
Dubai is well established as Middle East’s prime destination for the regional headquarters of Multi-national Corporations. The growth of the city continues through its reputation as a wealth generator.
The inspirational and innovative businesses which establish themselves in Dub
Dubai is well established as Middle East’s prime destination for the regional headquarters of Multi-national Corporations. The growth of the city continues through its reputation as a wealth generator.
The inspirational and innovative businesses which establish themselves in Dub
ai are supported by the Emirate’s overwhelming ambition to drive technology, pioneer new innovation and foster thought leadership. The strategic location, World class infrastructure and ease of business philosophy make Dubai the choice for local and international organization to either begin operations or expand into the Middle East.
Under the guidance of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the Emirate has strived to implement and develop a strict code of business ethics, a transparent and open marketplace and a will to succeed. These essential ingredients for success, combined with political stability and a vision to play a key role in the future global economy have made Dubai one of the most attractive business propositions anywhere in the world. And its innovative policy initiatives mean that building a business in Dubai is consistently straightforward and constantly supported with advice, guidance and hands-on help from Dubai FDI.
Under the guidance of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, the Emirate has strived to implement and develop a strict code of business ethics, a transparent and open marketplace and a will to succeed. These essential ingredients for success, combined with political stability and a vision to play a key role in the future global economy have made Dubai one of the most attractive business propositions anywhere in the world. And its innovative policy initiatives mean that building a business in Dubai is consistently straightforward and constantly supported with advice, guidance and hands-on help from Dubai FDI.
Free zones
Dubai has more than 20 free zones providing to specific service and industry markets to ensure that both start-up companies and established corporations maximize their competitiveness in the Middle East.
The free zones cover the entire spectrum of business sectors from technology and media to finance and biotechnology and everything in between. For example, Dubai International Financial Centre operates under a unique legal and regulatory framework to optimize financial sector growth, and Jebel Ali Free Zone, incorporating one of the largest commercial ports in the world, offers companies an unrivaled logistics base. Dubai Healthcare City provides prime opportunities for elite medical professionals to conduct business with some of the most progressive facilities available, and Dubai Studio City, designed to accelerate the growth of the broadcast, film, television and music production industries, is the perfect launch pad for companies looking to break into one of the world’s fastest growing media markets.
Foreign companies are entitled to 100% ownership in free zones and are provided with world class infrastructure catered to their specific needs.
Dubai has more than 20 free zones providing to specific service and industry markets to ensure that both start-up companies and established corporations maximize their competitiveness in the Middle East.
The free zones cover the entire spectrum of business sectors from technology and media to finance and biotechnology and everything in between. For example, Dubai International Financial Centre operates under a unique legal and regulatory framework to optimize financial sector growth, and Jebel Ali Free Zone, incorporating one of the largest commercial ports in the world, offers companies an unrivaled logistics base. Dubai Healthcare City provides prime opportunities for elite medical professionals to conduct business with some of the most progressive facilities available, and Dubai Studio City, designed to accelerate the growth of the broadcast, film, television and music production industries, is the perfect launch pad for companies looking to break into one of the world’s fastest growing media markets.
Foreign companies are entitled to 100% ownership in free zones and are provided with world class infrastructure catered to their specific needs.
Financing
According to the City of London’s Global Financial Centre’s Index, Dubai has the most developed financial services industry in the region. Being well capitalized, UAE banks are more active in lending to private businesses than their regional counterparts and offer greater variety and sophistication of financing products and services.
According to the City of London’s Global Financial Centre’s Index, Dubai has the most developed financial services industry in the region. Being well capitalized, UAE banks are more active in lending to private businesses than their regional counterparts and offer greater variety and sophistication of financing products and services.
Intellectual Property Rights
The UAE is a regional leader in the protection of Intellectual Property Rights, with ever evolving enforcement copyright, trademark and patent laws.
The UAE is a regional leader in the protection of Intellectual Property Rights, with ever evolving enforcement copyright, trademark and patent laws.
Administration
In accordance with its World Trade Organization membership, the UAE has made huge strides in reducing bureaucracy surrounding the foreign investment approval process. Online applications, tracking and enquiries mean that starting a business in Dubai is easier than ever.
In accordance with its World Trade Organization membership, the UAE has made huge strides in reducing bureaucracy surrounding the foreign investment approval process. Online applications, tracking and enquiries mean that starting a business in Dubai is easier than ever.
Infrastructure and logistics
The city’s business infrastructure second to none, state-of-the-art telecommunications and unparalleled connectivity, all servicing a range of clients from the most established multinational corporations to start-up SMEs
The city’s business infrastructure second to none, state-of-the-art telecommunications and unparalleled connectivity, all servicing a range of clients from the most established multinational corporations to start-up SMEs
Accessibility
While the vast majority of business may be conducted remotely via email or telephone, Dubai’s travel and transport network and location as a link between Europe and Asia makes face-to-face meetings simple. An extensive independent MasterCard survey showed that over eight million tourists and business travelers stayed in Dubai in 2011, that’s more than New York, Hong Kong and Tokyo, proving that businesses based in Dubai are not only internationally viable but also globally accessible.
While the vast majority of business may be conducted remotely via email or telephone, Dubai’s travel and transport network and location as a link between Europe and Asia makes face-to-face meetings simple. An extensive independent MasterCard survey showed that over eight million tourists and business travelers stayed in Dubai in 2011, that’s more than New York, Hong Kong and Tokyo, proving that businesses based in Dubai are not only internationally viable but also globally accessible.
Logistics
Dubai is the third largest re-export hub in the world and home to Jebel Ali port, one of the top ten busiest worldwide. Dubai World Central Airport will become the world’s largest airport upon completion. The airport will have capacity to handle over 200 million passengers and 16 million tonnes of cargo annually.
Dubai is the third largest re-export hub in the world and home to Jebel Ali port, one of the top ten busiest worldwide. Dubai World Central Airport will become the world’s largest airport upon completion. The airport will have capacity to handle over 200 million passengers and 16 million tonnes of cargo annually.
Events and Exhibitions
Dubai is also the Middle East’s number one business tourism destination, hosting leading industry events and exhibitions to millions of trade visitors looking to source local goods and services each year. In its own right, the Meetings, Incentives, Conventions and Exhibitions (MICE) industry drives millions of dollars of revenue for service providers, hotel owners and retailers among many others.
Dubai is also the Middle East’s number one business tourism destination, hosting leading industry events and exhibitions to millions of trade visitors looking to source local goods and services each year. In its own right, the Meetings, Incentives, Conventions and Exhibitions (MICE) industry drives millions of dollars of revenue for service providers, hotel owners and retailers among many others.
Dubai is known throughout the world as one of the most attractive commercial and residential destinations. It is not just an iconic city in its own right, it has set a global benchmark for ambition, achievement and economic growth that is unprecedented in recent history.
Millions of expatriate business owners and residents in Dubai have seized upon the chance to be a part of this incredible journey and contribute as well as gain from its astonishing success. Tax free incentives, ease of business, access to many of the fastest emerging markets and quality of life that is ranked among the best in the world, makes Dubai a Commercial oasis in a desert of international uncertainty.
Millions of expatriate business owners and residents in Dubai have seized upon the chance to be a part of this incredible journey and contribute as well as gain from its astonishing success. Tax free incentives, ease of business, access to many of the fastest emerging markets and quality of life that is ranked among the best in the world, makes Dubai a Commercial oasis in a desert of international uncertainty.
No comments:
Post a Comment