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Dubai opens its doors to e-commerce companies

Date : June 4, 2020
Service Type : Consulting Services
User Type : Individual
Company Name : On Demand International
Email Id : [email protected]
Website : View website
Location : Gurugram, Haryana 122002

Dubai has opened a new free trade zone dedicated to e-commerce business. This is the latest effort of

the UAE to modernize and diversify its commercial interests. The Dubai Business City Trade Zone will be

located in the Umm Ramool district south of Dubai. International airport. The total investment of the

project is expected to be 2.7 billion dirhams, or approximately 623 million euros.

The site covers an area of ​​2.1 million square feet and will be divided into three clusters: a business area

for offices, a logistics area for service providers and customers, and a social area for visitors and

employees, including a series of galleries, cafes, and restaurants.

The project aims to take advantage of the increasing popularity of e-commerce in the Arabian Gulf

region. By 2020, local e-commerce sales are expected to quadruple to 73.4 billion dirhams. This includes

AED 20 billion in Dubai, which accounts for one-tenth of its estimated total retail sales. The Dubai

authorities plan to launch the project in two phases. First, it will provide existing regional producers with

state-of-the-art storage facilities to facilitate distribution in the Gulf region. Then, the rest of the region

will be open to foreign investors, with a focus on attracting innovative startups.

Like most new buildings in the UAE, Dubai Business City also plans to achieve sustainable development.

Solar energy, water recycling and renewable building materials will become part of Smart Dubai’s plan

to consolidate the country’s leadership in addressing climate change. The E-commerce Free Trade Zone

is the latest in a series of similar plans surrounding the plan. United Arab Emirates. There are more than

20 free trade zones in Dubai alone, and there are dozens of free trade zones across the country, each of

which brings benefits to specific industry sectors.

Each free trade zone is subject to the same rules, which brings considerable benefits to local and foreign

companies. Enterprises can be completely foreign-funded enterprises, exempt from 100% import and

export tax, without paying personal income tax.

All capital and profits of an enterprise can be remitted, and eligible enterprises can be exempted from

tax for up to 30 years. Businesses can also benefit from support services, including sponsorship and

recruitment assistance. Facts have proved that the UAE is particularly forward-thinking in terms of

business development. In addition to the rapid adoption of "smart city" technology, the UAE has

appointed an artificial intelligence minister and centralized many of its services and payment processes

in a digital portal.

We will work hard to keep you informed of the latest developments in the UAE. For more information

on starting a business in the United Arab Emirates or helping to establish a commercial bank account or

tax advice, please feel free to contact us. [email protected] or call us: +91-9643460171

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