Jordan’s corporate community has been invited by the Dubai authorities to take advantage of the many opportunities offered by the city’s thriving business sector which includes low rates of tax for foreign firms.
Speaking at a recent meeting attended by members of country’s business community held at Jordan’s Rotary Club, Colonel Saeed bin Belailah, Director of the DNRD (Dubai Naturalisation and Residency Department) extolled the virtues of investing in the hi-tech city.
“Dubai represents a thriving commercial center, a city geared towards great progress and innovation, and we are keen to invite Jordan's corporate community to explore the exciting business prospects that this city has to offer.”
He continued: “This drive towards change makes Dubai one of the foremost global commercial centers in the world. Our economy is no longer based solely on oil and mineral wealth, especially with the maturing of the trade and tourism sectors.”
The authorities of the Middle Eastern Emirate, through the Dubai International Financial Centre, have managed to lure around 2,800 firms, many of which are blue chip multinationals, to establish operations in the city by creating a series of ‘free zones’ and offering perks such as 100% foreign ownership and low taxes.
Colonel bin Belailah observed: “While Dubai, UAE, enjoys a distinct location advantage, as it is central to the Europe and Asian markets, it is the liberalised and far-sighted policies adopted by the government of Dubai that have greatly contributed to securing its position as the hub for business in the Middle East.”
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