Original article was published on 25 November 2011
The Middle East region has attracted significant investment, especially Dubai over the last 10 years or so. There are great ‘before & after’ images circulating around the web that show Dubai before the huge boom in construction. As Dubai has matured there is greater diversity of industry sectors that contribute to the jurisdictions economic output.
As one of the seven emirates that forms the United Arab Emirates (or UAE), Dubai has been taking the lead in attracting foreign investment to this region. For entrepreneurs looking to undertake offshore company registration, Dubai and the greater UAE region, can be an effective choice.
Apart from Dubai, company formation in the UAE can be completed in other emirates including Abu Dhabi, Sharjah and Ras Al Khaimah all offer effective solutions as a hub for international business. Abu Dhabi in particular is very open to foreign investment and provides favourable laws for foreign entrepreneurs, protecting investors interests. Free zones are a popular choice for foreigners looking to set up an offshore company. These are specific areas with the Emirates set up to cater to a particular economic sector and provide international investors with incentives such as tax exemptions.
A common misconception is that incorporating your business in the Middle East requires an association with the oil & gas industry. This is certainly not the case. While it is an crucial sector of their economies, jurisdictions in this region have diversified economies and provide businesses numerous opportunities to prosper. Whether your objective is to operate within the middle east region or find a suitable jurisdiction to base an international business operation from, the UAE can be an effective choice.
A Dubai offshore company is a popular choice and is a jurisdiction that our firm believes will continue to develop. Find out more information about company incorporation from our business website, or send us an email to email@example.com