Business setup in Dubai Free Zones. www.dubaibusinesskey.com
The United
Arab Emirates, abbreviated as the UAE, or shortened to “the
Emirates“, is a country situated in the southeast of the Arabian
Peninsula in Western Asia on the Persian Gulf, consisting of seven
emirates. The constituent emirates are Abu Dhabi, Ajman, Dubai,
Fujairah, Ras al Khaimah, Sharjah and Umm al-Quwain. The capital is AbuDhabi. Contact us, info@dubaibusinesskey.com
Abu Dhabi – The capital of the emirates, and its second
largest city, Abu Dhabi industrialized rapidly and is a centre for political,
industrial and commercial activity. Accounting for 15% of the Emirates GDP Abu
Dhabi enjoys a reputation as one of the more westernized Arab cities. Although
less accessible than Dubai, the market offers lucrative rewards for people with
the time, patience and knowledge to penetrate the market. SKYPE: Legal .
Business 1
Dubai - Perhaps the most well known of the emirates, the
rapid expansion and its reputation for entrepreneurial innovation has made the
state one of the highest profile destinations on the planet, with an open
market and attractive tax incentives cementing its reputation as an economic
centre. With 88% of UK investors in the emirates choosing Dubai, its reputation
speaks for itself. With year-round sunshine, intriguing deserts, beautiful
beaches, luxurious hotels and shopping malls, fascinating heritage attractions
and a thriving business community, Dubai receives millions of leisure and
business visitors each year from around the world. These visitors can benefit
from a range of services and a local infrastructure that help make any trip to
Dubai smooth and hassle-free. www.dubaibusinesskey.com
Dubai has a
warm, sunny climate that is ideal for tourism, with mild temperatures for most
of the year and a low rainfall. Summer temperatures in July and August can
reach highs of around 45ºC (113ºF) with high humidity, making this the least
comfortable time of year to visit in terms of climate. However, Dubai is well
geared up for high temperatures, and public transport, shopping malls, hotels,
restaurants and visitor attractions are all air conditioned.
www.dubaibusinesskey.com English is
widely spoken in Dubai, and as all restaurant menus, road signs and other
information is usually presented in both English and Arabic, visitors who speak
English will have no trouble making their way around. Many tour operators and
travel professionals will also be able to offer services to French, Russian and
German speaking visitors.
The local
currency is the dirham, which is pegged to the dollar at Dhs 3.67. Dubai offers
a sophisticated network of banks, currency exchanges and ATMs, making it easy
to access money across the city.
Dubai is
tolerant and cosmopolitan and all visitors are welcome. However,
Islam is a way of life in the city, and therefore tourists should adopt a
certain level of cultural and religious sensitivity for the duration of their
stay. While dress codes are fairly liberal, swim wear should only be worn on
beaches or at swimming pools, and when visiting shopping malls and other
attractions, tourists should wear clothing that is not too tight or revealing.
Certain attractions, such as mosques or religious sites, usually have stricter
dress codes, requiring both men and women to cover up bare shoulders, arms and
legs, and women to wear headscarves.
Despite
being governed by Islamic laws, alcohol is available to tourists in licensed
bars and restaurants (these are almost always located inside four and five star
hotels), and in airport duty free shops. Drinking in public places (such as
beaches) is not permitted, and being drunk and disorderly in public can result
in stiff penalties.
Sharjah – The Emirates third largest state, Sharjah
offers low taxation and trade duties as an incentive to attract investment. It
also boasts fast procedures for the licensing economic activity.
Ajman – With foreign investment up 100% on last
year and the state cementing its reputation as a sound real estate investment
prospect, on account of its strong protection laws, Ajmans profile continue to
grow.
Umm al-Quwain – The least populated of the federation, Umm
al-Quwain offers similar tax and trade incentives to Dubai for foreign
investors.
Ras al-Khaimah – Meaning the top of the tent and covering
just 656 square miles, Ras al-Khaimah has concentrated on building its industry
and is now the UAEs biggest producer of cement.
Fujairah – With a flourishing free trade zone,
replicating the success of the Dubai Free Zone Authority, Fujairah is keen
attract foreign investors. Tourism is also a growth industry in the state.
Free Zone
means a designated area in which companies are taxed very lightly or not at all
in order to encourage economic activity.
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