|
Dubai is known for zero corporate and personal taxes,
that attracts more companies & individuals to invest
their money.
Dubai has developed rapidly from an oil and gas based
state to a broadly based market economy.
The success of the Dubai economy is the result of
dynamic and visionary leadership, an ultra-modern and
efficient infrastructure, the absence of government
bureaucracy, and a diversely skilled, well educated,
multi-cultural and multi-lingual workforce. All this has
made it one of the fastest growing cities in the region,
and one of the world's most prominent centres for
business and leisure.
The Dubai International Financial Centre, creating a
world-class financial market for the region, is a
logical development in the context of all of Dubai's
other recent achievements. More than 500 International
Financial Institutions and Banks have already opened
their regional offices in Dubai International Financial
Center , providing investment services to the region.
www.difc.ae
Dubai is the world’s fastest growing global financial
hub, and was declared open for business in 2004.
|
| |
|
Dubai has a well-diversified economy
based on international trade, banking and finance,
information and communication technology, tourism and
real estate.
According to John Ridding, Chief Executive of the
Financial Times, during the Financial Week “Dubai is
inspirational,” he said, “and is quickly becoming a
leading global financial hub.”
Dubai also boasts a modern infrastructure including
state-of-the-art airport, road network and
communications facilities, buildings and hotels. By the
end of the year 2008, Burj Dubai is scheduled to be
completed, which is the world's tallest structure, has
now reached a height of 604.9 metres (1985 feet) with
159 floors completed.
|
 |
| |
 |
Dubai is a leading
regional commercial hub with its strategic
location and consistently strong economic
outlook, Dubai is the ideal base for
multinationals targeting markets in Central
Asia, the Middle East, Africa, the Asian
Subcontinent and the Eastern Mediterranean.
The liberal nature of Dubai, coupled with
unprecedented investment and year round sunshine
has turned this emirate into a popular tourist
destination as well as an essential place to do
business.
|
|
International companies setting up in
Dubai can obtain significant cost advantages not
generally available internationally. The major factors
are:
- No foreign exchange controls,
- No trade barriers or quotas,
- Competitive import duties (4% with many
exemptions),
- Competitive labor costs – labor force is
multi-lingual and skilled,
- Competitive energy costs,
- Competitive real estate costs,
- Competitive financing costs and high levels
of liquidity.
- No corporate profit or personal income taxes
(except for oil companies and branches of foreign
banks).
This makes Dubai the most sought after place and
definitely the first choice for conducting the Middle
East Money Summit.
|
|
