An Analysis of Foreign Direct Investment in the United Arab Emirates PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download An Analysis of Foreign Direct Investment in the United Arab Emirates PDF full book. Access full book title An Analysis of Foreign Direct Investment in the United Arab Emirates by Sultan Ahmed Al-Jaber. Download full books in PDF and EPUB format.
Author: Sultan Ahmed Al-Jaber
Publisher: Emirates Center for Strategic Studies and Research
ISBN: 9948140842
Category : Antiques & Collectibles
Languages : en
Pages : 10
Get Book
Book Description
The most significant challenge the UAE currently faces is the switch from the traditional approach toward luring FDI, to a modern dynamic approach. The former involves relying heavily on free zones, with additional, specific privileges offered to FDI. The new approach would require providing foreign investors with a generic environment conducive to attracting high quality FDI. The UAE needs to undertake a comprehensive review of its FDI regime. This suggested approach does not consider that the most effective instruments of attracting FDI are tax concessions or other types of foreign investment preferential treatment. Rather, it suggests that a reasonable, transparent, and stable tax system is necessary to attract modern FDI; extremely low tax rates and/or special treatment are not. As this analysis shows, an absence of any tax is not a major determinant factor of FDI in the UAE. Legislation that promotes UAE investment and regulates foreign investment needs to be enacted. This legislation should provide foreign investors with a more stable and certain investment climate and further open the UAE up to foreign investors, which in turn would provide economic benefits (such as increased productivity or technology). Agent requirements, the Commercial Law, and residency requirements should be revised urgently. Simultaneously, while considering easing most of these restrictions, the UAE government should eliminate specific privileges offered to national companies. FDI policy should be enhanced by an FDI legal framework, in line with the best international practice, with enforceability of contracts and property rights. The UAE government should reformulate the FDI regime towards FDI, not only because of the urgent need to make its current regime more competitive in attracting significant FDI inflows but also to meet the UAE’s international commitments (WTO negotiations), and because the FDI regime has, in practice, failed to use the economy’s potential efficiently. Special federal legislation is needed to maintain a corruption-free environment, including all the necessary administrative and judicial procedures to be enacted and applied at both the federal and the emirate level. The UAE should shift from restricting 100 percent ownership to ‘administered ownership’ – under which 50 percent to 100 percent ownership is permitted – subject to the potential technology transfer, type of activity or firm and the training provided to UAE nationals. A unified ownership and taxation regime across the UAE is needed to attract more FDI, stimulate exports and improve the efficiency of the UAE economy. Finally, longer-term or permanent visa permits for qualified professionals and foreign investors in specific sectors are recommended, based on project type or qualifications.
Author: Sultan Ahmed Al-Jaber
Publisher: Emirates Center for Strategic Studies and Research
ISBN: 9948140842
Category : Antiques & Collectibles
Languages : en
Pages : 10
Get Book
Book Description
The most significant challenge the UAE currently faces is the switch from the traditional approach toward luring FDI, to a modern dynamic approach. The former involves relying heavily on free zones, with additional, specific privileges offered to FDI. The new approach would require providing foreign investors with a generic environment conducive to attracting high quality FDI. The UAE needs to undertake a comprehensive review of its FDI regime. This suggested approach does not consider that the most effective instruments of attracting FDI are tax concessions or other types of foreign investment preferential treatment. Rather, it suggests that a reasonable, transparent, and stable tax system is necessary to attract modern FDI; extremely low tax rates and/or special treatment are not. As this analysis shows, an absence of any tax is not a major determinant factor of FDI in the UAE. Legislation that promotes UAE investment and regulates foreign investment needs to be enacted. This legislation should provide foreign investors with a more stable and certain investment climate and further open the UAE up to foreign investors, which in turn would provide economic benefits (such as increased productivity or technology). Agent requirements, the Commercial Law, and residency requirements should be revised urgently. Simultaneously, while considering easing most of these restrictions, the UAE government should eliminate specific privileges offered to national companies. FDI policy should be enhanced by an FDI legal framework, in line with the best international practice, with enforceability of contracts and property rights. The UAE government should reformulate the FDI regime towards FDI, not only because of the urgent need to make its current regime more competitive in attracting significant FDI inflows but also to meet the UAE’s international commitments (WTO negotiations), and because the FDI regime has, in practice, failed to use the economy’s potential efficiently. Special federal legislation is needed to maintain a corruption-free environment, including all the necessary administrative and judicial procedures to be enacted and applied at both the federal and the emirate level. The UAE should shift from restricting 100 percent ownership to ‘administered ownership’ – under which 50 percent to 100 percent ownership is permitted – subject to the potential technology transfer, type of activity or firm and the training provided to UAE nationals. A unified ownership and taxation regime across the UAE is needed to attract more FDI, stimulate exports and improve the efficiency of the UAE economy. Finally, longer-term or permanent visa permits for qualified professionals and foreign investors in specific sectors are recommended, based on project type or qualifications.
Author: Nadeem Uz Zaman
Publisher: GRIN Verlag
ISBN: 3656017387
Category : Business & Economics
Languages : en
Pages : 33
Get Book
Book Description
Scientific Essay from the year 2011 in the subject Business economics - Trade and Distribution, course: Economics, International Trade, language: English, abstract: This document has reported the influence of globalization on the Unites Arab Emirates, especially those markets of it that are developed by the globalization. The globalization has increased the share of countries in the total exports and imports in the world. The government in UAE has been participating actively in the globalization since the realization that merely oil and gas resources will not be the guarantee for prosperous future. Thus, myriads of adjustments are required in the in the economy focusing on how to the cope with the latest demands and offer the best possible opportunities and facilities to foreign investors.
Author: Sophia Qasrawi
Publisher: Emirates Center for Strategic Studies and Research
ISBN: 9948006747
Category : Antiques & Collectibles
Languages : en
Pages : 9
Get Book
Book Description
Foreign Direct Investment (FDI) in a country can mean the difference between wealth or poverty, growth or stagnation. A survey of 101 Transnational Corporations operating in the United Arab Emirates (UAE) aimed to provide insight on the incentives for foreign investors to operate and invest in the UAE business environment. The findings suggest that the main reasons for their decisions to invest are, in a decreasing order of importance, political stability in the UAE and telecommunications (92 percent), the availability of banking services (87 percent), no tax (83 percent), regional potentially profitable operations (77 percent), the fact that English is spoken widely, and 100 percent repatriation of profits (75 percent). The main disincentives or barriers to FDI are perceived to be, in decreasing order of importance, the limitation of 49 percent ownership on foreign investors (69 percent), regulations on the foreign ownership of real estate (57 percent), the UAE's agency law (34 percent), government red tape (33 percent), and government charges and fees (21 percent). Views on these disincentives are less strongly held, ranging from 69 to 21 percent of all respondents. However, a growing interest by global companies to expand their investment beyond national frontiers is being constrained by the above-mentioned factors. Other barriers mentioned by the respondents were the ambiguity of labor law, which incurs potential costs for foreign investors, and the limitation of three-year work permits granted to professionals, which deprives the UAE economy of some well-qualified people. Most respondents thought that a combination of two or more factors, not any single factor, was important as a barrier or disincentive to FDI in the UAE. The following proposed FDI policy for the UAE was developed: Certain industries are recommended for the UAE: fashion, water sport, filming, marine products, pharmaceutical subsidiaries, maintenance, transport, cargo, temporary storage, manufacturing of cosmetics, tourism and leisure, financial support services (e.g. rating agencies), health care, hospitals, universities, electronics, construction consultancies, process engineering and telecommunications. A part of the oil sector should be made more competitive by opening it to participation by UAE nationals and not only to the UAE's government. The government should preferably also waive the 51 percent limitation on ownership for related foreign investment projects, subject to the number of UAE employees, training provided and type of project; impose a flat rate of five to eight percent corporate tax at a national level and abolish the UAE offshore and onshore system; encourage transparency in labor law; provide longer or permanent visa permits for qualified professionals and foreign investors in the sectors recommended above, based on capital flow, project type or qualifications; focus on developing the specialization in specific skills among UAE nationals in order to offset the lack of endowment in human capital; issue longer-term work permits for skilled labor and other required categories; impose restrictions on work permits for unskilled labor; create a short-term marketing strategy aimed at promoting the UAE as an investment destination; prioritize the involvement of local elements in the activity of firms to promote backward linkages; and promulgate an investment law to regulate the relationship between foreign investors and the government.
Author: Sophia Qasrawi
Publisher:
ISBN: 9789948006756
Category : Free ports and zones
Languages : en
Pages : 0
Get Book
Book Description
Author: Sultan Ahmed Al-Jaber
Publisher:
ISBN: 9789948009719
Category : Investments, Foreign
Languages : en
Pages : 100
Get Book
Book Description
The author submitted his Ph.D. thesis to the Coventry University, United Kingdom on same title in 2007. FDI and Growth: Theoretical Background -- FDI in the GCC Countries -- Foreign Direct Investment in the UAE -- Steps Required for Liberalizing the FDI Regime -- Survey Results and Data Analysis of the Determinants and Impact of FDI in the UAE -- Survey Results and Analysis of FDI Policy in the UAE -- Recommendations -- Suggested Directions for Future Research.
Author: OECD
Publisher: OECD Publishing
ISBN: 1589062205
Category :
Languages : en
Pages : 169
Get Book
Book Description
Foreign Direct Investment Statistics: How Countries Measure FDI shows progress in recent years in moving toward compilation in accordance with international standards that have been established by the International Monetary Fund (IMF) and the ...
Author: Nadeem Uz Zaman
Publisher: GRIN Verlag
ISBN: 3656017131
Category : Business & Economics
Languages : en
Pages : 15
Get Book
Book Description
Scientific Essay from the year 2011 in the subject Business economics - Trade and Distribution, , course: Economics, International Trade, language: English, abstract: This document has reported the influence of globalization on the Unites Arab Emirates, especially those markets of it that are developed by the globalization. The globalization has increased the share of countries in the total exports and imports in the world. The government in UAE has been participating actively in the globalization since the realization that merely oil and gas resources will not be the guarantee for prosperous future. Thus, myriads of adjustments are required in the in the economy focusing on how to the cope with the latest demands and offer the best possible opportunities and facilities to foreign investors.
Author: Marat Terterov
Publisher: GMB Publishing Ltd
ISBN: 1905050720
Category : Business & Economics
Languages : en
Pages : 260
Get Book
Book Description
Annotation * Unique guide to one of the Middle East's main business and financial centres * Assessment of investment opportunities in the seven Emirates * Up-to-date guide to the regulatory and tax regime and the rules of business engagement * Profiles of the UAE's industry sectors and some of its most dynamic companies * Written by professionals with on-the-ground experience * Of interest to professional investors, international companies, analysts, consultants, law firms, banks, accountants, and business academics "Doing Business with the United Arab Emirates" is the definitive English language guide to investment potential, commercial opportunity and business practice in the seven Emirates. The fact that the UAE played host to the recent annual meeting of the Board of Governors of the World Bank and the International Monetary Fund, confirmed that the world's leading financial and business authorities clearly see the crucial importance of the UAE as a global business center. Despite the recent invasion ofIraq, international investment flows are still being encouraged into the region -- something that "Doing Business with the UAE" aims to promote concretely. The book also highlights that the UAE has now developed a highly sophisticated, forward looking economy and a society seeking to capitalize upon the unique assets at its command. With its progressive business environment, an increasingly diversified economy, modern infrastructure and sound legal system, the UAE is asserting itself as the primary location for business in the highly competitive Arab Gulf region. Endorsed by the Arab-British Chamber of Commerce Contributors include: Ahli United Bank, Al Masaood Group, Ernst & Young, EmiratesIndustrial Bank, BAe Systems, Hay Management Consultants, Cluttons.
Author: Moosa Salim Jabir Al Azri
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3112402243
Category : Business & Economics
Languages : en
Pages : 304
Get Book
Book Description
No detailed description available for "Foreign Investment in the Sultanate of Oman".
Author: Pawan S. Budhwar
Publisher: Taylor & Francis
ISBN: 1000864014
Category : Business & Economics
Languages : en
Pages : 285
Get Book
Book Description
The Middle East has for a long time been at the centre of global trade as well as political interest. Demographic and social change shifts in global economic power, rapid urbanisation, climate change and resource scarcity, and significant technological development make this region both complex and hugely important. Doing Business in the Middle East highlights both the opportunities and constraints confronting foreign investors in the region and proposes strategies on how best to overcome them. The book explores the existing and emerging political and legal frameworks, sociocultural patterns, national infrastructures, regulatory environment, conflict resolution and how to negotiate in the Middle East. It also provides useful insights into how to approach advertising and marketing, promotion and distribution, and also at the strategies for investing in the region and appropriate modes of entry. With a number of features such as case studies, examples of effective and ineffective practices, clear takeaways, and a note on a future agenda on each given topic, this book is highly practical. Based on robust research, this comprehensive guide to doing business in the Middle East is an ideal reference tool for potential foreign investors, those who are already doing business or intend to do so in the region, and for a range of business and policy decision-makers. The book is also suitable for students and researchers in the fields of international management and business, international and strategic HRM, cross-cultural management, and business communication.
