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Dubai
دبي
� وسهًال أهًال�Ahlan Wa Sahlan!
Fayha Sultan
Marketing Manager
Commerce
Presentation at a glance
Investment Incentives
Economic Overview
Economic Diversification
InvestmentLaws
Free Zones
Moving forward
Dubai
• Dubai is one of seven emirates that make up the United Arab Emirates
• Dubai is the tourism, commercial and trading hub
• Population 1.93• Active population 3 million
Dubai
Abu Dhabi
Ajman
Umm Al Qaiwain
Ras Al Khaimah
Fujairah
Sharjah
Recent news
A study by A.T. Kearney found UAE
second most attractive Apparel
Retail hotspots
FDI Magazine finds Dubai the city of the
future in 2011
Emirates ranked largest airline in 2011 making 23
consecutive years of profit
World Economic Forum 2011 report
classified UAE at top of innovation driven
economy
IIF finds Dubai a safe haven in the
Arab World in 2011
with the best infrastructure
DP World posted 10% increase in cargo volume
worldwide this year
DXB 4th busiest Airport in
international passengers
according to Airports Council Int
Dubai Ranked 9 as top tourist
destinations for 2011 London is no 1 New
York is no 12
Rated no 1 in Foreign Direct
Investment in 2009 in the Middle East by
FDI magazine
HSBC survey revealed UAE ranks fifth in top financial
locations
Law abolishing minimum capital for
LLC has been introduced
World Economic Forum Report ranks UAE 3rd in security
and 4th in infrastructure
Budget for 2011Balancing Economic & Social
43%Economic
Sector
24%Social and
Public Spending
22%Security
and Justice
11%Gov
Excellence
Economic overview
• Non-oil accounts for 96% of GDP
• Services sector 74%
• GDP £62 Billion in 2010
Future focusDubai Strategic Plan (DSP) 2015
Economic
Social
Public Sector Excellence
Security, Justice and Safety
Infrastructure, Land and
Environment
Advantages for investment
• Zero corporate & income tax
• Repatriation of capital
• Liberal business laws
• 5% customs duties on imported goods
• Well qualified competitive staff market
Investment incentives
Aiming for a knowledge based economy
Economic
diversification
Shopping centre for the
Middle East
Gateway for Asia,
Africa & Europe
Conference & Exhibition Facilities
Political, economic and
social stability
State of the art infrastructure
Investment laws
UAE companies 51% UAE owned and 49% Foreign
owned (Law is being revised)
100% ownership for branches of
foreign companies.
Must appoint a UAE service agent
100 % ownership for Professional
companies
Starting a company
Simple Application ProcedurePartnership
with UAE Sponsor
Free Zone Outside Free Zone
Outside free zones
Licensing Registering
Register your company with the Dubai
Chamber of Commerce
Permission from the relevant ministry
Licence from the Department of Economic Development
Commercial agency law
Selling directly to established dealers and distributors
Direct trade
Commercial agencies
100% UAE owned
Commercial Agency agreement
Free zone incentives
100% foreign ownership and
control
Customs Duty free
Renewable guarantee of no
taxation
100% repatriation of capital/profit
Simple setting up procedure
Flexible investment
options
Efficient transport & distribution
facilities
Full administrative & recruitment
support
Business-enabling physical and technological
infrastructure
Rich with networking
opportunities
Access to a large pool of skilled
workers
Straightforward laws and
regulations
Housing facilitiesRecreational
facilities
Cities for like-minded people
Examples of free zones
Dubai Airport Free Zone
Dubai Car & Automotive Free
Zone
Dubai Flower Centre
Dubai International
Financial Centre
Dubai Healthcare City
Dubai Internet City
Dubai
Media City
Knowledge Village
Dubai Investment Park
Jebel Ali Free Zone
Environment laws
• Green is mandatory
• Regulation 161 issued for green buildings in line with the Dubai Strategic Plan
Economic diversification
Retail
Construction
Finance
Health
Infrastructure
Education
Trade
Manufacturing
Tourism
Retail
Dubai Marina MallDubai Mall
Mall of ArabiaMall of the Emirates / Mirdiff Mall
Biggest retail centre in the world
once major retail developments are completed
Tourism
Dubai flagship projects
Burj Khalifa
The World
The Palm Islands
Dubailand
Dubai Marina
Festival City
Ski Dubai
Sports City
• Major aviation and logistic centre• Two major airports• Dubai World Central• Metro system• JAFZA biggest man made port• DP World largest marine terminal
Infrastructure
Other allocations
Infrastructure
Exports• Dubai exports 82% of UAE’s total exports• Re-exports account for 85%
82%of UAE total exports
Trade - exports
75%Of UAE total imports
ImportsDubai imports more than 3/4 of the
UAE’s consumable goods
Trade - imports
Trade - statistics
Main exports from the UK are:
• Telecommunications• Power generating machinery • Electrical goods• Transport• Office machinery • Interior and retail goods • Non-metallic mineral manufacture
20092010
There was a 22.4% increase in UAE re-exports
UAE exports to UK saw 47% increase
20092010
UK exports to UAE increased by 9% in 2010
20092010
Future developments
• The Palm Jumeirah • The Palm Jebel Ali• The Palm Deira• The World• Dubai Waterfront
THE PALM JUMEIRAHTHE PALM JEBEL ALIDUBAI WATERFRONT THE WORLD THE PALM DEIRA
Financial services
Dubai International Financial Centre
• Aiming to become a world-class financial centre
• DIFC has attracted top financial services
• Companies grew from 744 in 2008 to 859 in 2009
• Free zone regulated by the (DSFA) Dubai Financial
Health
• Private hospitals & clinics, Moorefield, Mayo• Research Centre, Harvard Medical• Pharmaceutical offices• Spas & rehabilitation• Residential and hotels around a Lake• Health tourism • Dubai Healthcare City
Education
• Training Centres• HR Companies• 32 International Universities• Middlesex University
Manufacturing
• Light manufacturing
Opportunities for UK companies
Environment / Alternative
Energies
Education & Training
Construction
Financial Services
Power
Mass Transport
Healthcare
(Identified by UK Trade & Investment)
Moving forward
• Attend seminars• Contact trade associations• Contact your local business link• Government associations (DTCM
/ UKTI)• Do your own market research• Attend trade shows & exhibitions• Establish an office• Hire a legal firm to carry out the
procedure
Comments and opinions
Dubai is in a perfect location – right at the
crossroads between East and West – with a near to
perfect, and ever improving, infrastructure.
Logistics, communication and
transportation are world-class and the emirate
has a hugely beneficial tax regime, all of which
combine to make Dubai a desirable hub for UK and international businesses
John Martin St Valery CEO
The potential of this market is huge.
Dubai is an investment gold mine with no real
disincentives
Sean AllisonTechnical Director
The Dubai Mall and Marina Mall are
undoubtedly among the most exciting and innovative retail
developments in the world. They are set to
become important retail centres, building on
Dubai's growing reputation as the
international shopping destination
Mark Price Managing Director
Dubai is an open market and
competition is tough … [we have seen]
more British companies, especially
Small and Medium Sized Enterprises (SMEs) to come to
Dubai to invest and to use Dubai as the base from which to target the markets of the
region
John HawkinsFormer British Consul
General
Dubai continues to be the envy of the Gulf in its ability to expand its non-oil sectors.
Oliver CornockRegional Editor
شكراThank You!
Fayha Sultan
Marketing Manager
Commerce
Contact us
Government of Dubai Department of Tourism & Commerce Marketing (DTCM)4th Floor, Nuffield House41- 46 PiccadillyLondon, W1J 0DS
Tel: 020 7321 6110Fax: 020 7321 6111Email: dtcm_uk@dubaitourism.aeWeb: www.definitelydubai.com
Dubai UPdate website & monthly newsletterwww.definitelydubai.com
Commerce Dubai UPdate• Setting up business• Government departments• Free zones• Case studies
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