Webinar answers foreign investors common questions on doing business in Dubai

Business

Webinar answers foreign investors common questions on doing business in Dubai

Dubai Chamber of Business, as well as Industry's representative offices in Africa recently organised a webinar, which answered common concerns from foreign investors connected to freelancing, residency visas, opening up a bank account and picking the best consultant and partner in Dubai.

The event, part of the Benefits of Doing Business in Dubai webinar series hosted in collaboration with Bizzmossis Service Company, showcased Dubai's large range of competitive advantages, such as 100% international ownership in cost-free areas and mainland companies in certain economic sectors, cost-effective company configuration alternatives, access to global and high-skilled ability swimming pool, long-lasting residency visas for capitalists and also business owners, prevalent schedule of on the internet federal government, licensing as well as financial services.

The webinar attracted 243 participants from Africa, the UAE, Saudi Arabia, America, Eurasia and other markets, and featured presentations from Omar Khan, Director of International Offices at Dubai Chamber;

Marianna Bulbuc CEO and Founder of Bizzmosis; and Norvan Acquah -Hayford - Public Relations Manager at Ghana Link Network Services.

Presentations highlighted the substantial development of Dubai's freelance economic climate over the last 5 years as the Emirate has become an attractive centre for developers and innovative professionals in the region, including that the Covid-19 circumstance has produced new company possibilities for consultants as firms outsource jobs as well as seek to minimize operating expense.

In addition, individuals learnt more about the variety of freelance allows offered in Dubai, along with online platforms permitting freelancers to market their services as well as connect with potential clients.

Responding to a survey, 35% of webinar individuals claimed long-lasting residency visas are an essential advantage of doing business in Dubai, adhered to by schedule of details (32%) and freelancing chances (22%).

As Dubai starts to re-open its borders to site visitors, 60% of individuals claimed they feel confident concerning doing business in Dubai, adhered to by 29% that claimed they were "very positive", while 42% of participants said they expected to see Dubai within three to six months.

Omar Khan, Director of International Offices at Dubai Chamber, described the webinar as an ideal platform for business communities in Africa and other emerging markets to learn about Dubai's economy and business environment, as well as recent stimulus measures, incentives for investors and relief options available to businesses that have been impacted by the Covid-19 pandemic.

He noted that the solid involvement mirrored expanding confidence in Dubai as a global business centre and also an increased appetite amongst foreign firms to check out brand-new markets as well as expand their global presence.