Why Invest In Dubai?
In summary it's:
- Tax-free
- 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
- Sunshine all year round
Dubai Means Business
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 makes 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 health care 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 MNCs 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 protections
- Easy access to key decision makers
Consistently Strong Economic Outlook
- 10 year GDP Growth 8%
- Diversified economy - oil only contributes 10% to GDP
- Stable currency – pegged to US$ at AED3.67:US$
- 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 the World Trade Organisation (WTO)
- Trade ccounts for 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's GDP is invested in tourism
- Hotels rank amongst top in world
- Over 2.8 million tourists visited Dubai in 2000
- World class restaurants, beaches and tourist attractions
- Internationally renowned sports facilities including rugby, 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 health care
- 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
