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Investing in Dubai - Business Set up

One of the world's fastest growing economies, Dubai has established itself as one of the best cities in the world to invest in. Its rapid economic growth, increase population, increase in various tourists from all over the world, a very reasonable price per square meter in real estate, a friendly climate, low dollar rate and high standard of living have even made Dubai to attract foreign investors to start business set up in Dubai.
The past couple of years have seen an amazing growth throughout all sectors of the Dubai economy. Its government is continually working to better its commercial limpidity and employ dynamic policies that help the formation of small and medium enterprises (SMEs) and is capable to react to financial struggles.
Unlike before, Dubai's economy is no longer dependent on oil, but it is more diversified, depending more on trade, finance and services sectors. To make it the capital of Islamic economy, Dubai has enforced a technique. It has several strategic commandments being the Islamic economy's global leader. It includes economic education, fashion, arts and design, Islamic digital economy, family friendly tourism, halal food, Islamic finance and Islamic standards and certification. In addition with that, Dubai plans to be the world's center of issuance of Islamic corporate bonds.
With a good economic and geographic position between European and Asian markets, Dubai did all necessary things to be an integral part of the global trade mechanism. Its central position in the globe trade has also permitted Dubai to be a faddish and penetrative tourist destination.
Business set up in Dubai has been atypically optimistic and visioning to a much smooth-running electronic services system for business set up procedure through the use of internet.
Free zones established in Dubai are also the reason of blistering economic growth which main function is to attract more business set up in Dubai from foreign investment. Free zones follow peculiar laws regarding labor, ownership and taxation. Free zones businesses can have full foreign ownership different from other parts of Dubai which require more than half or at least 51% ownership of UAE citizen. Statutorily, free zones companies are weighed "offshore" making them unqualified to trade within the jurisdiction of the city without the presence of a distributor or agent.
Repairing, manufacturing, construction and trade are the four sectors that make up 74 percent of the non-oil GDP of Dubai. Services sector constitutes the largest percentage of the city's GDP and be divided into personal and business services, transport and real estate. For the last decade, the services industry has always been the fastest growing sector in the city. Upgrading Dubai's e-commerce infrastructure is one of the factors that help the ascending of the services industry.

This is also submitter in wordpress.com
impacttbusiness.wordpress.com/2015/08/05/investing-in-dubai-business-set-up/