Dubai دبي. أهلاً وسهلاً Ahlan Wa Sahlan! Fayha Sultan Marketing Manager Commerce.

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: [email protected]: www.definitelydubai.com

Dubai UPdate website & monthly newsletterwww.definitelydubai.com

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