Doing Business in the UAE Guide is Launched in London

Government

Doing Business in the UAE Guide is Launched in London

The 2nd edition of Doing Business in the UAE Guide, a handbook covering basic information about the country and how you can begin your business in the location, was recently launched in London with the support of the Ministry of Economic situation and in partnership with the Institute of Export & International Trade.

The guide is intended to giving stakeholders, investors, companies and entrepreneur from the UK and the rest of the world, basic knowledge concerning the UAE - including an overview of its economic situation, society of working, potential possibilities for trade & financial investment and finest practices throughout different economic activities.

'Doing Business in the UAE' likewise covers the key issues and challenges that international organisations and capitalists have to attend to, backed by crucial information coming from market research, market entrance, risk monitoring and social and language differences. Additional assistance for stakeholders is offered from the UAE Ministry of Economy and the Department for International Trade (DIT) in the UK.

H.E. Abdullah Bin Ahmed Al Saleh, Undersecretary for Foreign Trade, Ministry of Economiy, said that the launch of the guide falls in line with the Ministry's continuing initiatives to advertise the nation's financial environment and highlight its vision of growth based upon the relocate to produce a varied competitive economy that is based on knowledge and innovation, led by national competencies-- very adding to the transfer to boost the nation's appearance in terms of financial investments, financial tasks and competition throughout international markets.

He included that the guide, which is currently on its 2nd version, intends to act as a valuable starting factor for company owner and exporter, novice exporters in particular-- supplying them a vital introduction of the UAE's economic climate in addition to the advantages, benefits, incentives and solutions that can be obtained from the nation's business setting.

The overview is created by International Market Consultant (IMA), a UK-based advertising working as a consultant and is available on the website: www.UAE.DoingBusinessGuide.co.uk, where it can be surfed, downloaded as PDF/ e-flipbook or ordered as a full colour hard-copy brochure. It's additionally available as a totally free application from the iTunes Application Shop and Google Play shop.

The guide covers key truths concerning the UAE's foreign trade connections - taking note of that the UAE is the UK's biggest civil export market Middle East and the 3rd biggest market beyond Europe, where only China and the US were larger in 2017.

'Doing Business in the UAE' likewise discusses that the UAE is the 2nd biggest Gulf economy and the 30th largest in the world, with the 20th highest Gross Domestic Product (GDP) each funding (USD 42,000). Furthermore, the UAE has actually made significant progress over other countries in the region, specifically in its relocation to diversifying its economy with the development of numerous non-oil sectors, such as trade, traveling, tourism and real estate.

Lastly, the overview additionally details why the UAE is an exceptional export location, which includes its placement as a significant trading hub in the Gulf, the Middle East and various other Arab nations; its online reputation as an important market for re-export to other nations; no tax on individual income and capital gains; English being widely talked and the existence of a big expatriate population (more than 200 races).