introduction to uae & dubai (economic)
Why Dubai?
Dubai offers the best business environment and is a perfect choice for entrepreneurs looking to establish new business as well as a global company wishing to relocate regional offices or set up a branch in the Middle East; or a skilled professional considering joining one of the emirate's many blue chip companies.
Key Factors
A Strategic Location in a Large Market
Access to a large untapped regional market of over 1.6 billion inhabitants - covering the Middle East to the Subcontinent, and from North Africa to the Caspian region.
Moreover, more than 544 million people living within the Middle East and have a GDP per capita income above $1000. Dubai's strategic position is centrally located in a high growth-rate regional emerging market and is recognized as the center for new economy business in the area.
Stability and Government Support
Dubai is an established regional hub that has long enjoyed political and economic stability. Investors and entrepreneurs will benefit from guaranteed 100% foreign ownership in specially created economic "free zones". Fast-track administration with no red-tape, hassle-free visas and a streamlined labour process, simplify licensing and applications. There are no taxes on sales, income or capital gains, with the exception of corporate tax for financial institutions.
A Distinctive Soft Infrastructure
Dubai guarantees a straightforward framework of laws, legal procedures and filing processes. A rigoruous licensing filter screens for selection of key sectors and reputed players only. Currency stability, convertibility and 100% cross-border mobility are assured. Employers will find access to a bank of highly skilled, low-cost knowledge workers in a city boasting a critical mass of world-class companies, professional service firms and financial institutions.
A World Class Hard Infrastructure
Dubai has an enviable communications infrastructure offering high bandwidth with competitively priced telecommunications. With state-of-the-art office space and flexible leases, Dubai Technology, E-Commerce and Media Free Zone Authority (TECOM) offers an environment for world-class call centers, customer relationship management and back office processing facilities and services First-rate housing, medical, education and transport facilities are available.
Quality of Life
These four factors contribute to an overall quality of life which makes Dubai one of the most sought-after places to live and work. A virtually crime-free, tolerant society, with world class hotels and entertainment facilities, excellent value shopping, enviable sports and leisure all combine to make living and working in Dubai a pleasure.
