RSSWith growing international reputation as a commercial and finance centre, Dubai is the ideal location to reach more than 1.8 billion people across the Middle East, Africa, South Asia and CIS countries. An economic and tourism powerhouse, Dubai is an ideal investment venue and offers a multitude of attractions for the investor. Investing in Dubai is lucrative when it comes to location, tax efficiencies, leisure, quality of life and vision, an ambition where Dubai sees itself in the future.
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The following factors make Dubai an ideal place to invest or set up a business: |
• 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 630,000 tons of air cargo handled in 2001
• 125 shipping lines with 47 million tons of cargo visited Dubai’s world class ports
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 re-export 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 2.8 million tourists visited Dubai in 2000
• Over 5 million tourists expected this year
• 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
• Ranked 23 in 2002 Index of Economic Freedoms
