Once more Dubai manages to break all the records in terms of technologies, as it was named the City of the Future by one of the oldest and most prestigious magazines in the world. Dubai now has the Government of the Future which integrated digital technology in all the services it offers to the population, whether we are talking about the citizens or the companies in Dubai. Our company incorporation consultants in Dubai can assist foreign investors interested in starting a business here.
A recent report issued by the International Monetary Fund (IMF) announces one of the highest growth rates for the UAE economy this year which will be mainly driven by Dubai’s economic performance. IMF representatives described the initiatives of the Dubai government in terms of job creation as bold, even so these will most likely trigger a 4% increase in the emirate’s economy. Our company formation consultants in Dubai can assist foreign investors interested in starting a business in this emirate.
The long-anticipated value added tax (VAT) has finally taken a form and the Ministry for Finance of the UAE has announced workshops will be held in order to prepare companies for the implementation. The ministry also announced that program according to which the VAT and the excise tax will be implemented. Our Dubai company formation consultants can offer more information on the introduction of the VAT.
Dubai is not only a leader of the financial sector in the Middle East region, but it is also one of the largest cities when it comes to the global Shariah economy through its free zones. Dubai’s free trade zones have brought 55 billion USD to the Islamic economy in 2015, the UAE becoming this way the first country in the world sustaining this economy. Our company formation agents in Dubai can assist foreign investors interested in starting businesses in the free zones of the emirate.
Knowing how important the internet has become for companies in Dubai, the Department of Economic Development (DED) issued the first regulations on carrying out business activities on the internet through social media. The regulations have double standards: the first implies transparency when doing business and the second one is intended for the protection of the consumers. Our company incorporation consultants in Dubai can assist foreign enterprisers seeking to open companies in the emirate.
At the end of 2016, the UAE obtained the appreciation of foreign entrepreneurs, according to a report issued by the Mara Foundation and Opinium Research which drafted the Global Entrepreneurship Index. The UAE ranks 16th, surpassing some of the largest financial centers in the world. Foreign investors interested in starting a business in the Emirates, can rely on our company incorporation agents in Dubai.
After several banks have cut lending or increased their charges for small and medium-sized enterprises (SMEs) in the UAE, the Central Bank has intervened and issued a set of rules to make banks start lending to companies once more. At the moment, the new regulations are still in the draft more and can still receive amendments. Foreign investors seeking to open companies in the UAE, can rely on our company incorporation agents in Dubai.
2016 was a very good year for the solar power industry in the UAE, as the country dominated this market in the Middle East and North Africa (MENA) region. Moreover, the UAE undertook most of the large-scale projects in the solar power sector which seems to continue unfolding in 2017 also. If you are interested in starting a business in this industry, you can rely on our company incorporation consultants in Dubai.
Recently released, the 2017 Economic Freedom Index shows an impressive improvement among Gulf Cooperation Countries (GCC) and countries in Middle East and North Africa (MENA) region in the ranks. The two freest economies in region this year are the UAE and Qatar. At the same time, one of the largest foundations in the world announces private companies in the UAE to play an important role in the economic freedom displayed by the country. Our company registration agents in Dubai can assist foreign investors interested in starting business here.
Two international organizations have commended the UAE for its business environment in 2016. Dubai ranked as one of the best emirates in terms of ongoing economic and social transformation, reaching a 2.7% real economic growth in the past year. Foreign investors interested in opening a company in Dubai can rely on our company registration agents.
Dubai SME, one of the most important governmental agencies in the emirate signed a memorandum of understanding through which they will support innovative companies with patent protection and legal assistance related to intellectual property rights. The agreement comes after the Dubai SME launched a new incubator for innovative companies in Dubai. Foreign investors interested in opening a company in the emirate, can receive assistance with the company registration procedure from our Dubai company formation agents.
Small and medium-sized enterprises (SMEs) are considered the engine of the economy in all countries which have started recovering after the economic crisis and the UAE is no exception. The number of this types of companies in Dubai has exploded in the last several years enabled by the incentives offered by the Government. 2017 brings another challenge for the local authorities in Dubai: to implement the Emiritization Program in the SME sector. Our company formation consultants in Dubai can assist foreign investors who want to open a company in the emirate.
It is a well-known fact that the UAE is one of the most prolific countries in the Middle East and many foreign entrepreneurs are now seeking for other investment opportunities than oil and gas. The developed infrastructure has made them consider investing in real estate and apart from Dubai, Ajman is one of the emirates in which foreign citizens can now buy properties thanks to newly built real estate for residential and office purposes. Our company registration agents in Dubai can offer more information on the procedure for buying office space in the Emirates.
The Umm Al Quwain Free Zone (UAQ) is one of of the newest free trade zones in the UAE. With a remarkable development during the last few years, the free zone offers foreign investors many investment opportunities, however the local government is currently trying to address new challenges. Our company formation agents in Dubai can assist foreign investors who want to open companies in Umm Al Quwain Free Zone.
The Dubai government is committed in investing the research and development (R&D) industry which is why it has launched the Dubai Future Accelerators program in collaboration with a local foundation. At first, the program will start several pilot projects which will target innovation in various industries in Dubai. Our company formation agents in Dubai can assist foreign investors who want to start businesses in the R&D sector.
2017 finds Dubai still helping small and medium-sized enterprises (SMEs) which are starting to become popular among investors. This time, the local government launched a portal meant to assist Dubai companies seeking to participate in public procurement programs. If you want to open a company in Dubai, our company formation consultants can assist you with the registration procedure.
The end of 2016 brought very good news for the UAE’s trading sector: the country continues to remain one of the world’s most important trading economies and the first in the region, according to the World Trade Organization (WTO). Our company registration agents in Dubai can assist foreign investors who want to start businesses in the trading sector.
The UAE plans to focus on the tourism industry in the “post-oil economy”, as the Minister of Economy called it. Tourism will play in important role in the development of Dubai and Abu Dhabi’s local economies and it will become one of the main supporters of the non-oil economy in the UAE. If you want to open a company in the tourism industry in Dubai, our company registration agents can help you.
The Dubai Chamber of Commerce comes from releasing a report which shows Dubai was more innovative in 2015. Dubai now occupies the 15th place in the Innovation Index out of 22 cities in the world where the report applies. Among the factors leading to this increase, the Chamber of Commerce indicated significant funding and investment in innovation programs. If you want to open a company in Dubai and need assistance, you can rely on our company registration agents.
Companies in the UAE are seeking to attract investments in the industrial branches of the economy worth a total of 70 billion US dollars, according to a recent report issued by the Government. Between 2017 and 2021 industrial companies will undergo what the authorities have named “digital transformation”. If you want to open a company in Dubai and need assistance, our company registration agents can provide it to you.
Dubai remains an attractive middle-eastern city for foreign citizens seeking to relocate and buying a property here. Real estate prices remain low compared to the living standards imposed by such city and the industry is expected to register a new increase on the background of these lower prices. This is also the time for those seeking to set up a real estate agency in the Emirate. However, foreign investors will need the assistance of Dubai company formation agents for the incorporation process of the company.
The yacht charter market in Dubai is afloat, favored by the economic situation in the area but also the Emirate’s great geographical position, allowing for good access to the Persian Gulf. The demand to rent a yacht in Dubai is fueled by the large concentration of high-net-worth individuals in the UAE area. The market includes both standard yachts but also luxury yachts and super-yachts.
Every large investor in Dubai, who wants to organize an important corporate event, knows how high can be the expectations of his guests who come from aboard in one of the most luxurious cities in the world.
For five years now, Dubai ranks among the most visited cities and most important international shopping destinations in the world. In 2016, Dubai ranked second after London in the retail index realized by one of the most prestigious magazines in the field. Our company registration agents in Dubai can assist foreign investors seeking to set up a business in the retail industry in the Emirates.
The UAE and India have always had good trading relations; however, their cooperation was pretty much limited at that until recently. At the end of the May, leaders of both countries have met in order to enhance these relations and create new investment opportunities for investors in both countries.