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Published byQuentin Fitzgerald Modified over 9 years ago
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DOING BUSINESS IN THE UAE
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The United Arab Emirates Economic situation
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POPULATION (MILLION)
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GROSS DOMESTIC PRODUCT – BILLIONS $
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GDP PER CAPITA IN $
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ECONOMY OF THE UAE REAL GDP GROWTH OF 3.9 % HEALTHY BANKING SECTOR COVERED BY OIL – GAS AND PROJECTS
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Trends, developments & opportunities
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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
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DUBAI TRADE AND RE-EXPORT FREE ZONES CONFERENCE AND TRADE FAIR CENTRE TOURISM FASTER AND MORE RISK RELATED INVESTMENTS SPECULATION
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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
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Approach of the market
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THE UAE: YOUR PARTNER? DIRECT EXPORT PUBLIC MARKETS : SPONSOR YOUR LOCAL COMPANY : ONLY 49 % WHY N0T IN A FREE ZONE WICH FREE ZONE ?
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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
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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 ?
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YOUR COMPANY IN THE UAE -51 % OF LOCAL PARTNERSHIP NEEDED -RISKY MOVE -SPONSORING FEE CAN SUDDENLY CHANGE IF NOT FIXED IN A LEGAL WAY
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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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