UNITED ARAB EMIRATES
The United Arab Emirates is formed by 7 Emirates and each Emirate is governed by its visionary Ruling Family. The country runs under the federal system as well as under local laws and decisions.
Out of all the 7, Emirate of Dubai spearheaded its own economic development and was the 1st of its kind in the Arab World called the MENA region TO stimulate healthy economic competition amongst the Emirates and other countries.
Out of all the 7, Emirate of Dubai spearheaded its own economic development and was the 1st of its kind in the Arab World called the MENA region TO stimulate healthy economic competition amongst the Emirates and other countries.
Their Highness, the Past and Present Rulers of the UAE
LATE H.H. SHEIKH ZAYED BIN SULTAN AL NAHYAN, RULER OF ABU DHABI
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LATE H.H. SHEIKH MAKTOUM BIN RASHID AL MAKTOUM, RULER OF DUBAI
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H.H. SHEIKH KHALIFA BIN ZAYED AL NAHYAN, RULER OF ABU DHABI
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H.H. SHEIKH MOHAMED BIN RASHID AL MAKTOUM, RULER OF DUBAI
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H.H. SHEIKH DR SULTAN BIN MOHAMMAD AL QASIMI, RULER OF SHARJAH
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H.H. SHEIKH HUMAID BIN RASHID AL NUAIMI, RULER OF AJMAN
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H.H. SHEIKH SAUD BIN RASHID AL MU'ALLA, RULER OF UMM AL QUWAIN
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H.H. SHEIKH SAUD BIN SAQR AL QASIMI, RULER OF RAS AL KHAIMAH
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H.H. SHEIKH HAMAD BIN MOHAMMED AL SHARQI, RULER OF FUJAIRAH
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PEOPLE IN UAE
UAE nationals are down to earth citizens upholding their culture and values and have a excellent sense of economic development. Population of UAE is approx 8 million with almost 80% expats of numerous nationalities.
UAE nationals are employed in banking and government sector.
DoInG
BusInEss IN DUBaI
&
UaE
SHEIKH ZAYED GRAND MOSQUE - ABU DHABI
UAE offers:
- 100% ownership of business in free zones
- No foreign exchange restrictions
- NO corporate and personal income taxes (except for banking, insurance and oil companies)
- Fixed rate of 1 USDollar = 3.675 UAE Dirhams (hence no exchange losses)
UAE offers:
- 5% import duty (nil in free zones)
- Competitive power supply for manufacturing units
- 100% ownership of residential and commercial real estate outside the free zones in designated areas
- Long lease of land in free zones, own construction allowed
UAE offers:
- State of the art modern infrastructure, vibrant seaports, airports, metro rail
- Computerized and highly efficient government departments
- Multi cultural environment, excellent tourism, services and robust retail sector
- Elegant and risk free ultra modern life style, highly skilled expat manpower
UAE offers:
- Competitive cost of manufacturing, probably manpower cost could be more compared to home country but would offset considerably against ZERO corporate taxes and higher volume of business
- Low cost finance available from local and foreign banks from the 3rd year
SHARE CAPITAL
requirements
vary from
AED 50,000/-
to
AED 1,000,000/-
Hence:
Setup production facilities in UAE, supply the finished goods to customers in the Middle East and North Africa region including India and South Asia (more than 25 countries).
Wholly Owned Subsidiaries can very efficiently operate in UAE free zones and its income would be taxed in the parent’s country only when WOS remits dividends to its parent.
The WOS can also incorporate subsidiaries in other parts of the world thereby building up a multinational corporate.
Setup production facilities in UAE, supply the finished goods to customers in the Middle East and North Africa region including India and South Asia (more than 25 countries).
Wholly Owned Subsidiaries can very efficiently operate in UAE free zones and its income would be taxed in the parent’s country only when WOS remits dividends to its parent.
The WOS can also incorporate subsidiaries in other parts of the world thereby building up a multinational corporate.
NATURE OF BUSINESS
Dubai and the UAE significantly thrives on Tourism, Trade and Real Estate business.
An expat or a foreign corporate can setup business virtually in any sector viz., manufacturing, high end retail, construction, hotels, education, trading, logistics, shipping, banking, insurance, restaurants, professions, etc
A permitted business can be setup in any of the Emirates. Free zones mainly allow trading, services, manufacturing.
EQUITY
Free zones offer 100% ownership of business whereas non-free zone areas stipulate 51% shares to held by a UAE national in a business.
LAND
Land can be owned in designated areas in Dubai, UAE.
Commercial, Residential and Industrial buildings can be developed on leased land or freehold land in designated areas by expats.
RESIDENCE VISAS
Expat employers, employees and their families are given a 2 year residence visa ( 3 years in free zones)
BANKING
UAE Banking sector is well developed and quite automated with more than 50 banks - both local and foreign competing each other.
Interest rates on term loans vary from 5% to 8% pa.
Interest on Working capital facilities are at 9% to 11%.
Interest on Mortgage loans for residential property are at 5% to 6% pa.
Credit facilities are given to new expat businesses from their 3rd year onwards.
FREE ZONES
in
DUBAI and UAE
Free Zones in Dubai, UAE
- Dubai International Financial Center
- Jebel Ali Free Zone
- Jebel Ali Offshore ( for real estate etc)
- Dubai World Central Free Zone
- Dubai Airport Free Zone
- Dubai Silicon Oasis
- Jumeriah Lake Towers Free Zone
- Dubai Multi Commodities Free Zone
- Dubai Media City
- Dubai Internet City
- Dubai Academic City
- Knowledge Village
- Dubai Studio City
- Dragon Mart ( for Chinese)
Other Free Zones in UAE:
Masdar City Free Zone, Abu Dhabi , UAE
KIZAD Free Zone, Abu Dhabi, UAE
Sharjah Airport International Free Zone, Sharjah, UAE
Hamriya Free Zone, Sharjah, UAE
RAK Free Trade Zone, Ras Al Khaimah, UAE
RAKIA Free Zone , Ras Al Khaimah, UAE
Ajman Free Zone, Ajman, UAE
Fujairah Free Zone, Fujairah, UAE
Umm Al Quwain Free Zone, Umm Al Quwain , UAE
SPEED
Business with staff and family can be setup
quickly in a span of 1 to 2 months.
DUBAI and UAE ........
luxurious, traditional yet modern, dream city........
different....plush cars......
high end residences....... superior quality of life........
elegant faces ....... tourism.......INNOVATIVE...
camels, desert.......horse races, golfing........ beaches....
yachts.........high end malls...... nightlife.........
high standard international cuisines..... freedom
amazing parks...... seaports ....... FASCINATING......
...................................the Glitterati of the Arab World........
AND still a long way to go............................
...... come to your IInd Home in the UAE .....