The International Monetary Fund (IMF) released the last Regional Economic Outlook report for 2017 for the Gulf Cooperation Council (GCC) region, with very good news for the UAE economy. 2018 is expected to bring a 3.4% increase for the UAE, according to the IMF. Foreign investors who want to open companies in the Emirates can rely on the services provided by our company registration consultants in Dubai.
At the end of October, the Dubai Investment Agency organized the Dubai Investment Week 2017, a forum during which several partnerships were signed. Also, various business ideas and programs for promoting investments were discussed. Innovation was at the core of this year’s Investment Week. Our company formation consultants in Dubai can assist foreign investors who want to open companies in the UAE.
The Dubai government is the first authority in the world to have launched a state-sponsored cryptocurrency, according to a recent press release. The digital coin will enable UAE citizens to pay for various types of services, including the ones offered by the government. Our Dubai company formation consultants can offer information on the legislation related to cryptocurrency available in the country.
As 2018 is approaching, the UAE government is starting to clarify the appliance of the value added tax, as part of the agreement signed by all Gulf Cooperation Council (GCC) states. The government recently announced that air travel, school and doctor’s fees will be exempt from the VAT, in order to not burden UAE residents. Our company formation agents in Dubai can offer more information on the taxation system applicable in the UAE.
The Dubai International Financial Centre Free Zone, simply known as the DIFC, is the most prolific free zones of the emirate, according to a recent survey which shows the number of companies registered here during the first half of the year rose by 6.2%. Foreign investors who want to open companies in the DIFC can rely on our Dubai company formation consultants.
The fintech sector has slowly made its way in the Dubai economy and the number of startups has soared in the last several years thanks to the new developments which enables to operate in emerging industries in the emirate. One of the most common issues of startups is funding which is why the Dubai Financial Services Authority (DFSA) has just introduced new regulations through which small and medium-sized enterprises (SMEs) and startup can raise money through crowd funding. Our company registration agents in Dubai can offer information on the legislation related to the financial technology sector.
The Expo 2020 Show is expected to be one of the greatest events held by Dubai in the coming years which is why preparations have started a while ago. The first phases of the project implied the construction of various buildings which serve as commercial units or conference rooms for the attendants. The construction of the project now continues with creating the environment for companies participating to the show. At the beginning of July, the representatives of the show announced the opportunities for food and beverages (F&B) companies in the emirate. Our company formation agents in Dubai can assist investors who want to start F&B businesses.
According to recent statistics, the UAE remains one of the best countries for retailers to set up shops, despite the slowdown registered by these types of businesses all over the world last year. Moreover, there is a place for doing business for both renowned as well as emerging brands from all countries. Foreign investors who want to set up a store should look towards the UAE, as it was ranked 5th among the emerging retail markets of 2017 according to the A.T. Kearney’s annual Global Retail Development Index. Our Dubai company formation agents can help you register a company here.
The recently released IMD World Competitiveness Index places the UAE on the 10th position this year. The middle-eastern countries climbed 5 places in this year’s report thanks to a lower dependence on oil revenues and on a higher reliance on the private sector. Foreign investors interested in investing in the UAE can rely on our Dubai company formation advisors if they want to start businesses here.
Investors seeking for new business opportunities on the global real estate market can now turn towards Dubai rather than New York in terms of affordability. And when speaking of the real estate market in Dubai, one could refer to the luxury residential market which sought by the richest individuals in the world. Our company incorporation agents in Dubai can assist foreign investors interested in starting a business in the real estate industry in this emirate.
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.