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Dubai: Good for Business
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. The Most 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 and internet hub, media hub, finance hub and healthcare hub. - World class free zones The Best Regulatory Environment - No Corporate Tax - 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 (4% with many exemptions) - Less expensive than Singapore , Hong Kong, Cairo and Bahrain The Best Connected Location in the Region - Ultra modern airport handling 13.5 million visitors in 2001 connecting to over 140 destinations - Emirates Airlines consistently ranks among top 5 airlines in world - Over 800,000 tons of air cargo handled in 2008 - 175 shipping lines with 82 million tons of cargo visited Dubai ’s world class ports in 2008 Consistently Strong Economic Outlook - GDP/Capita over $20,000 among highest in the year - 10 year GDP Growth 8% - Diversified economy (oil only contributes 10% to GDP) - Stable currency, pegged to US$ at AED3.67:US$ - Very low inflation ( - Non-oil GDP growth of 9.6% per annum from 1990 – 2000 - Only 1.7% of active population unemployed Easy Access to Regional Markets - Total region population of 1.8 billion ($1.5 trillion of combined GDP) - Access to huge talent pool of 13.8 million skilled degreed candidates - World-class land, sea, air cargo infrastructure Strong Foreign Trade - Third most important reexport center in the world (after Hong Kong and Singapore ) - Member of WTO - Trade makes 16.4% of GDP compared to 14.5% for Singapore - 9.2% growth in non-oil trade between 1989 and 1999 Thriving Tourist Destination - 11.6% of Dubai GDP invested in tourism - Hotels rank amongst top in world - Over 6 million tourists visited Dubai in 2008 - World class restaurants, beaches and tourist attractions - Internationally renowned sports facilities including golf, tennis, water sports, horse riding, dune driving and sand skiing. Cosmopolitan Work Environment - Over 185 nationalities - More than 75% of UAE population expatriate - Strong work ethic - World-class international schools - Excellent facilities for leisure, sports shopping and healthcare - Progressive, tolerant and multicultural society - Island of Calm in a Turbulent Region - Stable economy with relatively low volatility - Continuous political stability since its inception in 1971 Dubai has long been the pre-eminent business center in the region. Its geographical proximity to the talent and markets of the Middle East, Northern and Southern Africa, the Indian Subcontinent and the CIS, combined with the most sophisticated logistic infrastructure between Europe and the Far East, make Dubai the location of choice for businesses serious about the region.|
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