Useful Information
Useful Information
- Year round sunshine
- Tax-free environment
- Cosmopolitan community
- One of the world's highest standards of living
- Low inflation
- One of the safest cities in the world
- Low cost of living
- Stable currency
- Peaceful co-existence of ethnic groups
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
- Robust economic clusters including technology and internet hub, media hub, finance hub and healthcare hub
- 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 MNC`s in Dubai, 9 out of top 10 present in Dubai
- 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 protection
- Easy access to key decision maker
- 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 in 2001
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 (less than 2.5% from 1991 & 2000)
- 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 degree holding candidates
- World-class land, sea, air cargo infrastructure
Strong Foreign Trade
- Third most important re-export centre in the world (after Hong Kong and Singapore)
- Ongoing effort to become a 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 the best in the world
- World class restaurants, beaches and tourist attractions
Cosmopolitan Work Environment
- Over 185 nationalities
- Expatriates comprise of more than 75% of the UAE population
- Strong work ethic
- World-class international schools
- Excellent facilities for leisure, sports shopping and healthcar
- 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 23rd in 2002 Index of Economic Freedoms
Dubai Business Properties Tax
Business properties pay a municipal tax set at 10% (2006) of annual rental value.