Course contents
- Introduction to Dubai United Arab Emirates
- The economy of United Arab Emirates
- Foreign
Direct Investment (FDI) in Dubai. Why Invest in Dubai?
- How to Set up
Business in Dubai United Arab Emirates
-
Doing Business in Dubai United Arab Emirates
- Al Jazeera
Available Languages :
Learning Unit Summary:
Today, Dubai is an important tourist destination and a hub for service
industries such as IT and finance, with the new Dubai International
Financial Centre (DIFC). Oil income represents a small proportion of the
emirate's income.
Dubai presents international business with a wide range of opportunities
for different activities and operations, including: Trade,
transport and
distribution, Manufacturing and processing or Regional offices.
As the leading regional trading hub, Dubai offers access to a market of
outstanding potential for overseas companies in a wide range of sectors.
Among its key characteristics are:
- A large market - more than $17 billion in domestic imports annually;
gateway to a $150 billion p.a., 1.4 billion population regional import
market;
- A growing market - Dubai's imports have more than doubled since
1989; regional economic growth and liberalization is set to boost
demand;
- A prosperous market - strategic location at the heart of one of the
world's richest regions;
- A diversified market - wide import requirements; opportunities for
suppliers of most products; An accessible market - served by more than
170 shipping lines and 86 airlines; An open market - no exchange
controls, quotas or trade barriers.
Dubai offers foreign companies a wide choice of business options,
including:
- Direct trade - selling directly to established dealers and
distributors.
- Commercial agency arrangements - appointee must be a UAE national or
company; agreement to be registered with Ministry of Economy and
Commerce.
- Branch or representative office - 100% foreign ownership permitted;
local agent (sponsor) must be appointed; Economic Development Department
license required.
- Limited liability company - foreign ownership restricted to 49%;
Economic Development Department license required.
- Special free zone investment incentives.
The economy of the United Arab Emirates (UAE) is 62.8 percent free,
according to 2008 assessment of Heritage Foundation, which makes it the
world's 63rd freest economy. The UAE is ranked 7th out of 17 countries in
the Middle East/North Africa region, and its overall score is higher than
the regional average. The UAE is a regional financial hub, but its financial
sector is subject to considerable government interference.
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