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| Why Invest in Dubai? |
| United Arab Emirates | |||
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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 & 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.
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