Dubai is considered the largest business city in the UAE according to the World Bank’s Ease of Doing Business Report for over 15 years, with a population of 3.4 million individuals living in the city, 16.73 million visitors, an area of 4,114 km², and an unemployment rate of 0.5%.
With a futuristic outlook, Dubai has embarked on a journey to transform its business environment and become the leading location for investors globally.
Dubai’s efforts to streamline regulation, support innovation and digitization, provide world-class logistics and infrastructure, and develop human capital have paved the way for its premier position today as the preferred destination for FDI.
Resilient and Dynamic Economy
With an aim to make the city a dynamic engine of economic growth, the strategic plans laid out by the government have enabled Dubai to become a diversified, investor-centric, and innovation-driven economy.
Ranked 1st in employment growth, 2nd in youth unemployment and employment rate, and 8th in the diversification of the economy globally, Dubai has earned a reputation for its political, social, and economic stability, making it one of the world’s most attractive places to do business. A stable macro-economic environment, sustainable economic policies, and superior growth strategies have fueled Dubai’s outstanding economic performance and diversification.
100% Business Ownership
Being an attractive and dynamic business launch location, Dubai now welcomes foreign investors to fully own their mainland business, in a significant amendment to a decades-old Commercial Companies Law, stipulating that an Emirati national must be the majority shareholder with 51% of the shares, while foreign investors could only own up to 49%.
The lifting of restrictions on foreign investment ownership continues a series of measures aimed at empowering not only an investor-centric, and innovation-driven economy but also one that is responsive and agile.
