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Dubai Jobs

Dubai has rapidly grown into a leading tourism and real estate capital of the world. It has gained the status of a progressive employment capital. A lot of international companies in the field of construction, hospitality, finance, media etc are setting business in Dubai. They need a lot of qualified staff to work with them and hence there are great job opportunities here....

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Dubai Palm Islands

Dubai Shopping

Dubai, the shopping capital of the Middle East, is a shopper’s paradise! What better way to spend your leisure time and beat the Dubai heat than go on a shopping spree in one of the many classy air-conditioned shopping malls which adorn the Dubai landscape.....

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Dubai Accommodation

Hotels in Dubai

Besides the Burj-al-Arab, Dubai offers a wide variety of hotel accommodation which is generally considered to be of very high standard and great value for the money. The range includes everything from budget hotel Dubai accommodation to luxury hotels. ...

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Dubai Entertainment

Burj Dubai

Mirror mirror on the wall, which is the tallest tower of them all? Very soon the answer will be “Burj Dubai”. Burj Dubai is an Arabic word which means "Dubai Tower" when translated to English. This soon to be the tallest man made structure in the world is currently under construction in Dubai, United Arab Emirates. ...

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Dubai Jobs

A Guide to Doing Business in Dubai

It is very hard, mentally, to do business in Dubai or any Arab country. There are two main reasons for this kind of thinking. The first reason is the way most Arab governments prohibit foreign nationals from owning businesses and real estate property. The second is that the Arabs might decide to take back any foreign owned property anyway and incarcerate the owners. This is why people are afraid to do business in Dubai.

The fact is, there are Arab nations and states that may do this, but Dubai is not one of them. For a number of years now, the state of Dubai has been an example to other Arab nations for liberalized leadership. The recent passing into law of the freehold ownership of real estate by foreigners is just another example of Dubai’s excellent liberalized policies in governing their state. The government of Dubai has gone beyond its dependence on oil production and made itself a competitor for other forms of industry in so far as the international community is concerned.

Traditionally, Dubai has been a trading center for a number of decades. The present ruling family is the same as the family that took over Dubai in 1830. When the British ended their occupation of Dubai, the ruling family continued the liberal policies in governing and made Dubai what it is today.

What makes doing business in Dubai even more attractive is the fact that taxation is minimal and mostly non-existent. The only industrial sectors that are significantly assessed in taxation are banking, oil and cigarette manufacturing. Actually, people who buy cigarettes and people who make them are taxed 100%. Smoking is bad for you; in Dubai at least.

Security is another issue for foreign businessmen who wish to do business in Dubai. This has been addressed by the ruling faction of Dubai in terms of concretely and concisely worded laws that give the foreigner the right to do business in Dubai.

The way Dubai is handling itself so far, the way it is growing economically and the fact that they are just starting is what makes doing business in Dubai a very attractive investment for foreign businessmen – especially in the real estate industry. With the limited freehold law of 2002 and the freehold property list of 2006, the real estate atmosphere for foreign buyers has become a little more concrete. Still, it is advisable to be represented by legal professionals as the traditions and forms of transaction in the Dubai real estate market are pretty much different from the way it is done most everywhere. Generally speaking though, there is a fair and robust climate for doing business in Dubai.

Before you can do business in Dubai, you will have to acquire licensing. Licenses for entities doing business in Dubai are simply divided into industrial licenses for manufacturing and industrial businesses, professional licenses for professional services and commercial licenses for trading. People who wish to do business in Dubai will have to acquire the appropriate license from the Department of Economic Development.

In some cases, there are exceptions to the rule. Financial institutions that want to do business in Dubai will have to get approval from the United Arab Emirate’s central bank. Approval is required from the ministry of Finance and Industry for manufacturing while the Department of Health must be consulted for anything medical in nature. Those who want to dip their fingers in oil have a harder time of it as they require even more paperwork.

Generally, a company must be 51% minimally owned by Dubai or UAE nationals. In free ports like the Airport free zone and Jebel Ali, 100% foreign ownership of a company is allowed. Other details are available at the Department of Economic Development. With exceptions of oil, banking and cigarette manufacturing, no taxes are applied to people doing business in Dubai.

Dubai patterns its labor laws after the ILO (International Labor Organization) model. Workers’ unions do not exist and any form of strike or lockout is illegal. Disputes between employees and their employers are handled the by the Ministry of Labor and Social Affairs. Instead of allowing a work disruption that can cause plenty of lost revenue, the government itself will intervene to protect the rights of both the employer and employee.