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Blog

The GDP in Dubai is Expected to Grow by 4% in 2017

2017-07-23

The non-oil trade sector in Dubai continues to reveal new numbers, as challenges in the global economy have been successfully passed. It has been registered a growth of 2.7% in the non-oil trade sector in Dubai, making experts in economy consider that the GDP (gross domestic product) will grow by 4% this year. Businessmen interested in making investments in Dubai can benefit from numerous advantages in this matter and can be legally advised by our lawyers in Dubai.

The Non-Oil Sector in Dubai Met Significant Changes in June 2017

2017-07-16

The businesses in the non-oil private sector in Dubai continue to flourish, according to statistics and to the tracker index for Dubai, which revealed that the economy developed in June this year. Entrepreneurs interested in starting their activities in the Emirates are advised to solicit legal support and information about the current legislation from our lawyers in Dubai.

UAE Offers Renewable Energy Aid Amounting US$1 Billion

2017-06-27

The renewable energy sector in Dubai continues to develop, as major plans have been presented this year regarding the investments in the long term. 2050 should be the year when at least 44% of the energy in Dubai will be obtained through renewable resources. Even more, numerous countries have developed a huge interest in the renewable energy sector and representatives will share their daring projects at the International Renewable Energy Agency meeting this year. The interesting part is that there is about $1 billion directed for local or foreign projects related to the renewable energy solutions. The legislation related to the foreign investments in this important area can be explained by our lawyers in Dubai.

Dubai Investment Park, a Growing Business Destination

2017-06-22
As a well-developed business hub, Dubai needed an integrated industrial community, and now, the Dubai Investments Park is the preferred destination for many investors in search of a proper business place in the Emirates. There are numerous companies which activate in the main areas of interests of Dubai, like, construction, textiles, oil & gas or chemicals and decide to rent warehouses in the Dubai Investments Park. If you are interested in opening a company in Dubai and you need to understand the rules and the regulations in this matter, it is recommended to ask for information from our lawyers in Dubai.
 

A $1 Billion Investment Fund for Maritime Sector in Dubai

2017-06-16

The maritime sector in Dubai is solid and in a continuous development. The companies registered with the Dubai Maritime City Authority can benefit from funding obtained from an investment fund of about $1 billion. The aim is to improve this important industry in the Emirates. 

About $15 Billion From Non-Oil Trade Between the UAE and Japan

2017-06-13

The UAE and Japan have always tried to maintain fruitful economic relations and succeeded to focus on the mutual welfares during the past years. According to the UAE’s new report on the economy, the non-oil trade between the two powerful countries has recorded a historical high, about $15 billion. Businessmen interested in trading activities in China should solicit guidance and legal advice from our lawyers in Dubai. You may also ask details about the investment occasions you can discover in the UAE.

 

Dubai, Among Top 10 Cities in Attracting FDI

2017-05-24

If you say Dubai, you say a developed and attractive city, a significant business hub which seems to expand every second. There is a multitude of interesting opportunities in Dubai, which can be discovered and accepted by financiers worldwide in search of good profits. The city has registered an interesting number related to the foreign direct investments, being positioned on the seventh place among worldwide municipalities where huge investments were recorded.

Retail Rents to Drop in Dubai Related to E-Commerce Growth

2017-05-22

The e-commerce has recently met a significant growth in numerous areas of interests, a strong reason why retailers with shops in the biggest malls in Dubai can negotiate the rental prices. This comes as a natural process because the online shopping addresses to a particular category of clients, which is continuously increasing, as the numbers say. If you want to establish your business presence on the Arabian market and you need complete information and legal advice in this matter, we suggest you get in touch with our lawyers in Dubai.

Dubai Strengthens the Business Collaboration with Latin America

2017-05-18
The Emirates and  Latin America want to reinforce their economic relations by introducing a new representative office in Argentina, as the delegates of both countries announced earlier this year. With a fruitful collaboration in the past, the UAE and the Latin America will be part of a new trade assignment which involves trade activities in the main economic sectors like agriculture, tourism, finance, IT or infrastructure.
With this important project, numerous investments are expected to rise and to develop in the following years. If you are interested in making investments in Dubai or you need tax advice for your company, it is best to solicit complete information in this matter from our lawyers in Dubai.

New Projects to Develop on Jumeirah Beach in 2017

2017-05-15

In about four years an important project will be implemented in Dubai near Burj al Arab at the Jumeirah Beach. A complete and luxurious resort will be developed in the city, a project which will involve a few million dollars and important investors. The plan is to attract even more tourists who can benefit from exclusive amenities in only one place, and that is Jumeirah beach.

Dubai aims to attract 20 million visitors for Expo 2020

2017-04-28

The World Expo 2020 which will be hosted by Dubai is going to last for maximum six months and it will address a topic of universal interest. The organisers aim to attract 20 million visitors for Expo 2020 and have announced that the exhibition will be a festival of "human ingenuity" which means that a strong accent will be put on innovation and development in industrial and commercial areas and not only. Dubai has already a long commercial tradition in the technology sector with an entire free zone dedicated to research facilities and IT infrastructure. Investors who want to open a company in Dubai Silicon Oasis may rely on our law firm in Dubai

Massive increase of Chinese and Russian tourists visiting Dubai

2017-04-28

The tourism sector is one of the most popular non-oil commercial businesses in the UAE, which ensures Dubai financial gains and a constant rate of development. In the last years, the growth in this sector has exceeded 11% annually, which was a significant increase that left traces in the economic activity of the country. Dubai is more and more a favorite destination for visitors from China and Russia, and they are expected to be a key driver for this sector in the following years as well. Investors in tourism can rely on our Dubai lawyers for more information regarding various legal procedures such as company formation or business visa application.

Dubai, one of the world’s most competitive maritime clusters

2017-04-28

Dubai ranks in the international surveys among the top five maritime clusters in terms of competitivety. In the indexes of this year, Dubai has occupied the fifth place, which means the city has ascended three places compared to last two years. More investors are attracted to invest in the maritime industry and the friendly tax climate of the emirate encourages their initiatives. Our lawyers in Dubai can provide assistance in company formation procedures in Dubai and help you with information regarding the local maritime legislation.

The Advantages of Real Estate Arbitration in UAE

2017-04-24

Two important institutions, Dubai’s RERA (Real Estate Regulatory Agency) and the DIAC (Dubai International Arbitration Centre) together with the legal community have encouraged companies to solve their disputes over real estate contracts through arbitration. The main argument is that this form of resolution is a much more effective and expeditious way to reach an agreement between the parties. Our law firm in Dubai provides legal services such as assistance in an arbitration process.

New Economic Opportunities in Trade Relations between UAE and India

2017-04-02

Mutual relations between UAE and India are in a very positive trend. The signing of 14 agreements at the beginning of this year is a clear sign that the two economies have in plan a long term relationship. The cooperation is planned for maritime transport as well as for the collaborative use of common storage facilities. The collaboration between the two nations relies as well on up to 58 billion $ commercial trade annually.

A Promising Start for the Real Estate Market in Abu Dhabi in 2017

2017-04-02
The real estate domain is a promising and fast evolving business sector in the UAE. The growing interest in the property acquisition is also doubled by a supportive policy from the Emirates authorities. Abu Dhabi Urban Planning Council (UPC) facilitates the commercialization of real estate also through the organization of sale events which are expected to lead to a significant growth of the market this year. If you operate in the real estate area it is recomendable to consider as well an investment in the Emirates.
 

UAE Signs Oil Agreement for Strategic Storage

2017-04-01
An important agreement regarding oil storage has been signed between Indian Strategic Petroleum Reserves Ltd and Abu Dhabi National Oil Company. This move represents as well a way of strengthening the ties between these two nations in view of future cooperation and economic partnership.
 

UAE Launches a Program for Fast Settling of Trade Disputes

2017-04-01

Elaborated by the DED (Department of Economic Development), the buyer protection program launched by the UAE is an important tool for protecting the traders who import goods from the Emirates. This is also a powerful instrument for increasing the efficiency and the dimensions of the import-export activity between UAE and other nations. 

UAE ranks 3rd in the top of long term infrastructure investments

2017-03-01

In 2016, UAE was one of the most successful spots for investments in infrastructure. Along with the public funds used in infrastructure, UAE is orienting now more and more to alternatives of private investments, in order to counterbalance eventual barriers of development that can be caused by short term fluctuations, such as security issues, currency devaluations or variations in commodity prices.

Huge Growth Potential for the Insurance Sector in the UAE

2017-02-28
In 2016, UAE has been one of the most attractive places for investments in the insurance sector. The UAE continues to leave room for foreign investment in this sector, with an insurance market made up of less than 40 local companies and less than 30 foreign branches operating in this industry. The insurance sector has been doubling its profits in the last four years and has proven a medium annual growth of 13.8%. 

Advantageous Amendments to the Visa System in the UAE

2017-02-28
After the Cabinet meeting chaired by the Vice-President and Prime Minister of the UAE, the Emirates have adopted a new visa system. Previously, all those who wanted to apply for a visa in this country had to register to the General Directorate of Residency and Foreigners Affairs (GDRFA) offices.
 

E-commerce Sector to Thrive in the Next Years in UAE

2017-02-18
The UAE population didn’t seem so much interested in the e-commerce before 2013. Only 9% of the persons interviewed were admitting to have been shopping online, at least once, over one year. However things are rapidly changing and almost half of the shoppers use now online assistance before actually buying a product. 

New Investments in the UAE Renewable Energy Sector

2017-02-18
A more and more present global concern, the transition to alternative energy is making progresses in the UAE through international cooperation. One of the main investment advisors in renewable energy has opened an office in Dubai at the end of 2016 giving investors strong reasons to diversify their portfolios in the renewable technology sector.

The UAE Insolvency Law and its Potential to Change the Business Dynamics

2016-12-03

The UAE Bankruptcy Law has the potential to improve the credit dynamics in the region and offer guidance for the implementation of updated insolvency regimes in other countries in the area. Experts believe that the changes brought to the existing laws will provide more options for corporate restructuring. A solid legislative system will also translate into an improved investors’ confidence in the UAE. Our lawyers in Dubai can offer more information about the most important provisions concerning bankruptcy and insolvency in the Emirates.

Dubai Authorities Plan to Attract One Million Tourists by 2020

2016-10-31

Dubai aims to become an even more attractive tourism destination through a better promotion of cruise ship tourism. The planned growth for the 2016/2017 season is as high as 18 percent, compared to other years. The cruise ship sector in Dubai has grown since 2014 after the multiple entry visa scheme was implemented in the UAE. This was beneficial for many foreign investors in Dubai and the rest of the emirates, especially for those from India or China.

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