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DOING BUSINESS IN THE UAE The United Arab Emirates Economic situation.

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Presentation on theme: "DOING BUSINESS IN THE UAE The United Arab Emirates Economic situation."— Presentation transcript:

1

2 DOING BUSINESS IN THE UAE

3 The United Arab Emirates Economic situation

4 POPULATION (MILLION)

5 GROSS DOMESTIC PRODUCT – BILLIONS $

6 GDP PER CAPITA IN $

7 ECONOMY OF THE UAE REAL GDP GROWTH OF 3.9 % HEALTHY BANKING SECTOR COVERED BY OIL – GAS AND PROJECTS

8 Trends, developments & opportunities

9 ABU DHABI OIL AND GAS RESERVES CAN AFFORD A REGULAR ECONOMIC GROWTH LARGE INVESTMENTS IN OIL AND GAS INVESTS IN ENERGY RELATED INDUSTRIES KHALIFA PORT : EXPORT PORT

10 DUBAI TRADE AND RE-EXPORT FREE ZONES CONFERENCE AND TRADE FAIR CENTRE TOURISM FASTER AND MORE RISK RELATED INVESTMENTS SPECULATION

11 NORTHERN EMIRATES (Ajman - Fujairah - Ras al-Khaimah - Sharjah - Umm Al Qaywayn) LESS EXPENSIVE BUSINESS SOLUTIONS FREE ZONES TOURISM SUPPORTED BY THE ABU DHABI AND FEDERAL BUDGET

12 Approach of the market

13 THE UAE: YOUR PARTNER? DIRECT EXPORT PUBLIC MARKETS : SPONSOR YOUR LOCAL COMPANY : ONLY 49 % WHY N0T IN A FREE ZONE WICH FREE ZONE ?

14 DIRECT EXPORTS -DIRECT SALE TO THE CUSTOMER -WORKING WITH A DISTRIBUTOR -WORKING WITH A COMMERCIAL AGENT -CONFUSION BETWEEN AGENTS AND DISTRIBUTORS -USE L/C -TAKE LEGAL ADVICE

15 Your Sponsor -CHOOSE YOUR SPONSOR CAREFULLY AND CONSIDER CASE BY CASE, EMIRATE -DO NOT THINK THAT YOU WILL REACH THE END WITHOUT A SPONSOR -DO YOU NEED A SLEEPING SPONSOR OR A REAL PARTNER ?

16 YOUR COMPANY IN THE UAE -51 % OF LOCAL PARTNERSHIP NEEDED -RISKY MOVE -SPONSORING FEE CAN SUDDENLY CHANGE IF NOT FIXED IN A LEGAL WAY

17 Why in a free zone -100 % ownership possible -Choose your free zone carefully -Every Emirate has free zones available -Local partner still needed for specific projects and businesses


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