Articles on the topic "Trade Zones"
Today, as we look at Dubai, which is a global financial and cultural hub, it is hard to imagine that only 50 years ago it was an unnoticed fishing village. Today, Dubai attracts tourists from around the world and it is home to the richest people on the planet. But how did this small village become a luxurious metropolis? And why is Dubai’s success unrelated to oil?
The UAE is one of the most popular regions where foreign entrepreneurs transport business. Companies here feel comfortable.
How to buy real estate in Dubai for cryptocurrency, why BTC is popular, and how the UAE government uses blockchain as part of the development of the country. What are the advantages of implementing the technology and what are the results for the first part of 2023?
More and more people are drawn to the most populous of the seven United Arab Emirates. Over the past five years, more than 500,000 people have left their homes and moved to Dubai, leading to surpassing 3 million people for the first time in 2023. With over 90% of its population consisting of foreigners, Dubai is a meeting point for diverse cultures, making it easy to interact without fear of language barriers.
A free trade zone in the emirate is the Dubai Silicon Oasis, which was founded in 2003. It is a modern office complex and district at the same time where around 80,000 people live.
The topic of Dubai taxes is not particularly interesting there. Because the emirate is considered a tax haven. But now a VAT has to be paid there too. There is also a bed tax for tourists.
Dubai is changing in stark contrast: every year, a technological oasis on the Persian Gulf opens up new beautiful areas and attractions, impressive in size and expensive.
Many governments in the Middle East are trying to move away from their dependence on the export of natural resources and to build a diversified, sustainable economy. They should learn it from Dubai. It’s a great story.
80% of ex-pats have had a significant impact on culture and business practices. The specificity of each office is multinationality. All cultures of the world and dialects exist here. Living in Dubai, you do not…
