European Centre of Tourism and Business Promotion in Dubai
+971 55 2222 455

Business and investments

 

Dubai is the fastest developing metropolis in the world. Very low taxation, or even no taxation in some cases, a wide range of attractive investment offers, stable economy, highly-developed telecommunication sector and highly-skilled staff make Dubai one of the most desirable business centres in the world.

So far the basis of the economy of the United Arab Emirates has been oil. Today Emirates' economic structure is undergoing transformations and instead of extraction and sale of oil the financial transactions start to play a dominant role in the economy, building industry is developing (hotel and residential market) and new technologies are developing. This country was affected by the world crises, however not as significantly as Europe, so Dubai still offers possibilities of profitable investments and a guarantee of profits, which is predicted to last for several more decades. However, it is very important to invest in a wise and safe way, with assistance offered by reliable and professional companies, such as the European Centre of Promotion of Tourism and Business in Dubai, which cooperates closely with companies in the territory of the United Arab Emirates and plans to open its agency in Dubai at the turn of May and June.

The United Arab Emirates and in particular Dubai are not only a rapidly developing and stable market, but also an attractive tourist destination with optimal, holiday climate (average temperatures range from 20 degrees Celsius in December to 34 degrees in July) and perfectly developed hotel architecture.

Other assets include political stability, safety and liberal economic policy. These are the factors that make Dubai a regional financial centre where money is invested by residents of nearby countries, gaining wealth from oil but not possessing a stable political and economic situation.

What is an incentive for investors is the fact that in Dubai no taxes are paid and there is a guarantee of free movement of capital. Inflow of a big number of well-educated immigrants from all over the world and high competitiveness on the banking market ensure a high-quality offer of financial services. Special economic zones, such as Jebel Ali Free Zone and Airport Free Zone, provide additional relieves and privileges (exemption from duty) and very beneficial conditions of conducting production and distribution activities. Another thing worth mentioning is permanently expanded and developed infrastructure, meeting the highest world standards.