Newsletter – December, 2012.
Incorporation of the company in Dubai, UAE – PROS AND CONTRAS.
Incorporation of the company in Dubai, UAE – PROS AND CONTRAS. Company in UAE. Exotics or clear and beneficial solution for business structuring? In the present publication our advisors give the answers to the most frequently asked questions we receive in respect to the UAE companies. On the companies in United Arab Emirates we often hear from our customers: “There is the requirement to have the local partner being the local citizen when registering the company in Dubai or other emirates of UAE company and I’m not
Dubai has released the world’s tallest hotel
Dubai has released the world’s tallest hotel In spite of the fact that Dubai is already one of the leading countries of the Guinness World Records including the tallest building- Burj Khalifa, the tallest residential building – Princess Tower, the largest shopping centre The Dubai Mall, the largest indoor ski-resort –Ski Dubai. Dubai continues to hold the growing list of the world records. In the beginning of 2013, Dubai has officially announced the opening of the newly built the 355-metre JW Marriot Marquis Hotel,
Latest Update on the UAE Manufacturing Sector Growth
Latest Update on the UAE Manufacturing Sector Growth In an increasingly globalised business climate, worldwide expansion of trade and manufacturing has become imperative. The UAE is no exception to this rule and has already recognized the benefits of boosting its manufacturing sector. In fact, contribution of the industrial sector to the GDP currently stands at 14 per cent and the UAE has chalked out plans to increase this to 25 per cent in the next 15 years, In particular, significant investments will be made in
Dubai’s biggest rise in economy for the past 5 years.
Dubai’s biggest rise in economy for the past 5 years. Dubai’s economy hit the biggest expansion over the five years as the result of the rise in tourism and trade industry. The Emirate’s gross domestic product price has risen by 4.1 percent in the first half of 2012 to 161.5 billion dirham’s (44 billion dollars). The hotel and restaurant industries have also grown by more than 16 percent, whereas manufacturing expanded to 10.4 percent. According to the Gulf News, the economy of Emirate has grown by 18.1 percent
The world’s largest Mega City in Dubai costing 10 billion dirhams.
The world’s largest Mega City in Dubai costing 10 billion dirhams. During for the next couple of years, the construction of the world’s largest shopping and entertainment center is planned to be completed in Dubai. The new complex would be named Mohammed bin Rashid City. The costs of the project estimated to be around 10 billion dirhams. It will consist of four phases of development. The first phase of the development will include leisure and fun facilities, modern shopping and entertainment facilities with a very large