Saturday, July 24, 2010

What is the name of the department for foreign investment in Dubai?

I want to start business in Dubai and want to know the the name of the concerned office / department accepting the requests / application about foreign investments. And also want to know the address and procedure to apply with this department.

What is the name of the department for foreign investment in Dubai?
It appears you need to contact the emirate, Dubai.





http://www.dubai.ae/





You can read about the openness to foreign investment and other details here.





http://www.state.gov/e/eb/ifd/2005/42194...





Transparency of the Regulatory System





The fundamental instrument by which all of the emirates regulate business activity is the requirement that any place of business must acquire and maintain a proper license. The procedures for obtaining a license vary from emirate to emirate, but are straightforward and publicly available.





A license is not required unless a place of business is set up in the UAE. In other words, foreign businesses exporting to the UAE but without a regular or continuing business presence in the UAE do not need a license. Licenses available include trade licenses, industrial licenses, service licenses, professional licenses, and construction licenses.





Several federal regulations govern business activities in the UAE outside free trade zones. Activities within the free zones are governed by special bylaws.


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