Interesting facts:In order to simplify new account opening, provide documents about your previous activity to the bank Full version
Mechanical engineering in the UAE has received a powerful impetus to the development due to the favourable economic conditions and the availability of the modern extensive business infrastructure on the territory of the country. It is the fact that many international companies, which are engaged in this industry, found their niche in the country. Today, the most various companies and enterprises carry out their production activities on the territory of the United Arab Emirates. Among them, there are manufacturers of consumable and construction materials, hardware and complementary parts.Read more
National economy of the United Arab Emirates continues to show stable growth and harmonious development of different industries. Whereas just a few decades ago the United Arab Emirates only began exploring the international hydrocarbon export markets, today it is the region’s largest centre of logistics and finance. Logistics in the UAE is at a high level and aims at stimulation of the international trade relations.Read more
Petroleum refining industry sector and gas producing industry are the foundation of the power industry in the United Arab Emirates. However, electrical energy in the UAE is also produced by other alternative sources. In recent years, the Government of the United Arab Emirates successfully implements projects in the field of renewable energy sources and nuclear energy.Read more
Today the United Arab Emirates is associated with oil wells, incredible tourist projects, and luxury hotels. However, in recent years, the UAE is characterized by the active development of the manufacturing sector. This growth is the result of the construction boom that began in the country after the development of the oil and gas industry. Construction in the UAE has reached a new level, and the construction of new buildings requires specialized equipment and various building materials.Read more
In the section "Articles on business in the UAE" you will find plenty of interesting and useful information relating to features, terms and prospects of doing business in Dubai and other Emirates.
We regularly publish informative articles relating to currently central and challenging matters relating to doing business in the United Arab Emirates. When reading them you will learn a lot of useful information that would be of great aid for the best success of your business.
Under the laws of the United Arab Emirates foreigners may set up a business by either of two options mentioned below. The first entails registration of own company in UAE, provided that more than half of the shares are owned by resident of the country, and the subscriber is the national of the United Arab Emirates. The second option for starting business in the UAE is more feasible for foreigners, as it allows to own 100% in company business. This option entails registration of a company in any of Free Trade Zones in the UAE.
Out articles regarding business will give you more than an idea of the easiest and cost-effective ways for registering business in the UAE. You will also know the optimal way for registering a company in Dubai. You will also find valuable information regarding business taxation and other aspects of doing business in UAE.
Local business traditions differ markedly from European ones. First of all, it is worth noting that the region's business community never does anything in hurry. The lifestyle in the United Arab Emirates is somehow slower as opposed to Europe or America. Therefore one should be patient when allocating time for business partner for solving issues relating to business.
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