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The Best Regulatory Environment |
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- No Corporate Tax
- No Income Tax
- 100% Ownership in Free Zones
- No foreign exchange controls, trade barriers or quotas
- No restrictions on capital repatriation
- Strong investor incentives and protections
- Easy access to key decision makers
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Relatively Low Cost Work Environment |
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- Access to low cost regional talent
- State of the art telecommunications
- Competitive energy costs
- Competitive real estate costs
- Competitive import duties (5% with many exemptions)
- Less expensive than Singapore, Hong Kong, Cairo and Bahrain
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The Best Connected Location in the Region |
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- Ultra modern airport handling 13.5 million visitors in 2001 connecting to over 140 destinations
- Emirates Airlines consistently ranks among the top 5 airlines in world
- Over 1,800,000 tons of air cargo handled in 2003
- 125 shipping lines with 140 million tons of cargo visited Dubai’s world class ports in 2004
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Consistently Strong Economic Outlook |
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- GDP/Capita over $20,000 among highest in the year
- 10 year GDP Growth 8%
- Diversified economy - oil only contributes 10% to GDP
- Stable currency – pegged to US$ at AED3.67:US$
- Very low inflation (less than 2.5% from 2001 – 2003)
- Non-oil GDP growth of 9.6% per annum from 1990 – 2003
- Only 1.7% of active population unemployed
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Easy Access to Regional Markets |
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- Total region population of 180 million.
- Access to huge talent pool of 13.8 million skilled degree candidates
- World-class land, sea, air cargo infrastructure
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Strong Foreign Trade |
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- Third most important re-export centre in the world
(after Hong Kong and Singapore)
- Member of WTO *
- Trade makes 16.4% of GDP compared to 14.5% for Singapore
- 9.2% growth in non-oil trade between 1989 and 1999
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Thriving Tourist Destination |
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- 11.6% of Dubai GDP invested in tourism
- Hotels rank amongst top in world
- Over 2.8 million tourists visited Dubai in 2000
- World class restaurants, beaches and tourist attractions
- Internationally renowned sports facilities including golf, tennis,
water sports, horse riding, dune driving and sand skiing.
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Cosmopolitan Work Environment |
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- Over 185 ethnic nationalities
- More than 75% of UAE population expatriate
- Strong work ethic
- World-class international schools
- Excellent facilities for leisure, sports shopping and healthcare
- Progressive, tolerant and multicultural society
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