Why Invest in Dubai?
As a leading regional commercial hub with a state-of-the-art infrastructure and a world-class business environment, Dubai provides investors with a unique and comprehensive value-added platform that make Dubai the logical place to do business.
Dubai has a ' Pro Business Attitude'
 Dubai believes that “if its good for business, its good for Dubai”
Sophisticated fast track business initiatives (business set up in 20 minutes in free zones)
139 of the G500 MNCs in Dubai, 9 out of top 10 present in Dubai
Robust economic clusters including technology & Internet hub, media hub, finance hub & healthcare hub.
World class free zones
The Best Regulatory Environment
No Corporate Tax -The only exceptions to this are oil producing companies & branches of foreign banks.
No Income Tax
100% Ownership in Free Zones
No foreign exchange controls, trade barriers or quotas
No restrictions on capital repatriation
Strong investor incentives and protections
Easy access to key decision makers
Relatively Low Cost Work Environment
Access to low cost regional talent
State of the art telecommunications
Competitive energy costs
Competitive real estate costs
Competitive import duties (5% with many exemptions)
Since the formation of the United Arab Emirates in 1971, Dubai has developed rapidly from oil and gas based state to a broadly based market economy. A 30 year development plan provided for substantial investment in education and infrastructure (transport and telecommunications) and has led to rapid growth in trade and inward investment. Dubai offers a world-class airline (Emirates Airlines), world-class tourism (over 30 five-star hotels and the world’s first seven-star
hotel, Burj Al Arab) and world-class sporting events: The Dubai World Cup (the world’s richest horse race), the Dubai Desert Classic (golf ) and the Dubai Rugby Sevens. Dubailand is a huge development located towards the desert. It consists of 6 themed worlds & comprising over 200 individual projects it will soon become the biggest, most varied leisure, entertainment & tourist attraction on the planet. approximately seven projects will finish by 2008 forming the 1st operational phase of Dubailand. Dubailand expects to employ 300,000 and attract 200,000 visitors a day!
The Dubai International Financial Centre (DIFC) is a specially created financial district for the whole of the Middle East. It has been set up to accelerate the repatriation of $1 trillion, which is currently invested & managed outside the region. Located between the London & Hong Kong stock exchanges it is a unique free zone with its own laws.
In recent years, Dubai has established Dubai Internet City and Dubai Media City, providing the regional hubs for IT (notably Microsoft and HP) and media businesses (Reuters and CNN). In September 2003, Dubai hosted the 2003 Annual Meetings of the Board of Governors of the World Bank Group and the International Monetary Fund.
This information in this section is indicative only and has been compiled from external sources. |
