Like a latter-day Phoenix, Dubai’s economy has risen from the ashes and is soaring high and fast. So strong is the take-off that the crucial revenue-earning tourism sector has achieved a rare trio of simultaneous plusses – rising hotel rates, an increasing number of visitors and a growing quantity of hotel rooms.
The recognition of small and medium-sized enterprises (SMEs) as generators of jobs has become a proven fine art in Dubai, with the establishment of a dedicated agency inside the Department of Economic Development (DED). Between 1000 and 1200 would-be entrepreneurs approach the agency annually seeking advice, help and sometimes practical assistance...
This chapter contains an overview of the draft of the new companies law, which clarifies rules for investment and covers a number of important exemptions in the law. There is also an explanation of the new competition law, which was recently enacted by the UAE government.
This chapter contains a viewpoint from Michael Kerr, Regional Managing Partner, Dentons.
This chapter contains a rundown of taxation in Dubai, with explanations of the situation regarding income tax, municipal and property tax, and tax treaties, among other topics. It also contains an analysis of the Dubai International Financial Centre.
This chapter contains a viewpoint from Mahmud Merali, Managing Partner, MERALI’s.
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