Dubai was the first emirate to pioneer the free zone model, offering foreign businesses attractive concessions and a number of investment incentives, including 100 percent ownership of a subsidiary and zero taxation. There are currently 22 free zones in operation, developed for specific sectors and industries including ICT, media, finance, gold and jewellery and health care. Jebel Ali Free Zone is now one of the world’s largest free zones allowing for 100 percent foreign ownership with no recruitment or sponsorship restraints. There is full corporate tax and customs duty exemption on imported raw materials and equipment, with no levy on exports and imports.
The major freezones in Dubai are:
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Moving to Dubai? Wondering what life is like living in Dubai? This video is the perfect intro to give you an insight of what to expect living in Dubai. I try covering most common questions such as;
– Is Dubai a country?
– Do you speak Arabic?
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New buildings and structures are being erected in the UAE with each passing day. This opens a huge door of opportunities for engineers and other professionals in the building and construction sector. Similarly, investors can set up businesses that manufacture or sell raw materials used in building and construction.
2. Oil and gas
This has been the mainstay of the country’s economy for several years. And much of the riches presently enjoyed by the UAE can be attributed to the country’s oil sector. Despite being exploited for years, the oil sector still has enough room to accommodate new investors. Interested entrepreneurs can start their own businesses from scratch or partner with existing businesses. Continue reading …
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Do you want to start a business in Dubai? And searching for profitable business ideas in Dubai with low investment? According to quora, Dubai is considered as the commercial capital of United Arab Emirates and has the favourable economy for business investment. This is the main business hub amongst Arab countries. The UAE is a country, consisting of seven smaller ‘emirates’ which are similar to states. The seven states are Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras al Khaimah and Umm al Qaiwain. Here in this post, I intend to explore the current economy overview for small business in Dubai and a list of 30 legitimate small business investment opportunities in Dubai. Continue reading …
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