At a recent Institute of Directors (IoD) trade event in London, senior representatives from the Dubai Multi Commodities Centre (DMCC), Dubai-based entrepreneurs and Dubai trade commentators shared how the region has evolved into one of the world’s most dynamic and accessible destinations for international business. John Elliot reports.
DMCC: A LAUNCHPAD FOR GLOBAL ENTREPRENEURS Ahmed Bin Sulayem, Chairman and CEO of DMCC, described how the free zone has become home to over 26,000 companies – spanning commodities, fintech, crypto, gaming, and AI. Remarkably, the UK is one of its most active
partners: approximately 2,000 UK companies operate within DMCC, representing around 10% of all registered entities. In total, around 5,000 UK firms operate in Dubai. DMCC’s appeal lies in its simplicity. As a “one-stop
shop,” it helps businesses with every step, from insurance and licensing to opening bank accounts. Combined with Dubai’s favourable tax environment (0% personal, capital gains, and inheritance tax, and a corporate tax rate of just 9%), it’s understandable to see why the emirate consistently ranks as one of the top global destinations for new business formation.
AN ENVIRONMENT FOCUSED ON CORPORATE SUCCESS Oliver Cornock, Global Editor-in-Chief at the Oxford Business Group, highlighted that the UAE is the UK’s 19th-largest trading partner, a relationship that continues to deepen as both countries work to enhance trade. As per recent economic data releases, UAE’s economy is forecast
to grow around 5% in 2025, with non-oil sectors now contributing around 75% of GDP. Importantly, the UAE has become a gateway for expansion into the Middle East and Africa, regions that are expected to see significant growth over the next decade. The strong macroeconomic backdrop combined
with Dubai’s commitment to business excellence has helped the region attract entrepreneurs from across the globe. The combination of a light (but pragmatic) regulatory environment and swift execution of government initiatives has also contributed to this trend. In fact, Dubai is the world’s leading destination for high-net-worth immigration.
EDUCATION: THE FOUNDATION OF A SUSTAINABLE ECOSYSTEM Dubai has benefited from the challenging macroeconomic environment across Western Europe, which has created a range of push factors for businesses and professionals. But interestingly, the region’s ability to retain talent has improved. There is evidence that expats are staying longer in
Dubai. The favourable tax regime has always been a significant pull factor but the ecosystem is increasingly geared towards long-term living versus short term career stops. Expat communities have developed and professionals are choosing to stay and raise families. A key part of that retention story lies in education.
Dubai now boasts over 200 international schools, offering British, American, IB, and other curricula. For globally mobile professionals, this means they can relocate with confidence that their children’s education won’t be disrupted. This world-class education infrastructure, coupled with excellent connectivity has contributed to the attractiveness of the region.
LOOKING AHEAD The combination of a favourable regulatory environment, strong UK partnerships, ease of doing business, and an attractive quality of life supported by world-class education has transformed Dubai. With its ongoing ability to attract top talent and continual development of a highly skilled local workforce, Dubai is well-positioned to thrive and maintain its leadership in business excellence.
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GLOBAL LEADERSHIP DUBAI TRADE
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