Download or read book An Analysis of Foreign Direct Investment in the United Arab Emirates written by Sultan Ahmed Al-Jaber and published by Emirates Center for Strategic Studies and Research. This book was released on 2008-10-14 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book UAE and Globalization Attracting Foreign Investments written by Nadeem Uz Zaman and published by GRIN Verlag. This book was released on 2011-09-28 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Foreign Direct Investment in the UAE written by Sophia Qasrawi and published by Emirates Center for Strategic Studies and Research. This book was released on 2004-07-27 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Foreign Direct Investment in the UAE written by Sophia Qasrawi and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment Strategic Options for the UAE written by Sophia Qasrawi and published by . This book was released on 2004 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Foreign Direct Investment in the United Arab Emirates written by Sultan Ahmed Al-Jaber and published by . This book was released on 2008 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Foreign Direct Investment in the Middle East written by Ferdinand John Mathis and published by . This book was released on 2011 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The case deals with analyzing the key drivers of foreign direct investment (FDI) of U.S., Japanese, and European multinational financial services and other service providers investing in the Middle East. In this case, the focus is on investing in Riyadh, Saudi Arabia, and Dubai, United Arab Emirates. A sample of the foreign companies is interviewed to determine the key factors in their decision process, why they selected the form of operation they did, and what their business model is. The case is in three sections: the first shows how laws, requirements, and regulations have changed and become more receptive to foreign investment in recent years--this is done by comparing several business environmental characteristic indices and their change over time. The second section examines the exchange arrangements and framework for financial and capital transactions in the countries. The third section examines the experiences of several multinational companies in the financial services sector that have invested in the region.
Download or read book Foreign Direct Investment Statistics How Countries Measure FDI written by OECD and published by OECD Publishing. This book was released on 2004-01-27 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 ...
Download or read book Inward FDI in the United Arab Emirates and Its Policy Context written by Wasseem Mina and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Inward foreign direct investment (FDI) is important in building a sustainable and diversified economy as envisaged by the United Arab Emirates (UAE). The UAE's stock of inward FDI (IFDI) grew at an average annual growth rate of 49%, from US$ 1.1 billion (1.5% of GDP) in 2000 to US$ 85.4 billion (23.7% of GDP) in 2011. Many foreign multinational enterprises (MNEs), including several Fortune 500 companies -- have established affiliates in the country. The rapid growth of IFDI reflects confidence in the UAE economy and efforts to enhance its competitiveness. The recent global crisis has, however, significantly reduced IFDI flows. Efforts are under way to speed up the ratification of a new foreign investment law, which removes several of the current legal barriers to FDI and offers foreign investors similar rights to those of UAE nationals.
Download or read book Foreign Direct Investment Measurement in the United Arab Emirates written by Andrew Dunn and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinates of the United Arab Emirates Foreign Direct Investment Inflows written by Wesam I. H. Bolbol and published by . This book was released on 2012 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Perceptions of Foreign Direct Investment written by Daniel Soliman and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book United Arab Emirates written by United States United States Department of State and published by Createspace Independent Publishing Platform. This book was released on 2016-04-23 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The UAE generally is open to foreign direct investment (FDI) citing it as a key part of its long term economic plans. The UAE Vision 2021 strategic plan aims to achieve FDI flows to the UAE of five percent of Gross National Product (GNP), a number one rank for the UAE in the global index for ease of doing business, and a place among the top 10 countries worldwide in the Global Competitiveness Index. UAE investment laws and regulations are evolving in support of the goal of creating an environment more conducive to foreign investment. However, current frameworks still favor local over foreign investors. While recently updated UAE laws validate the practice of foreign owned free zone companies operating "onshore," and permit majority GCC ownership of public joint stock companies, there remains no national treatment for investors in the UAE and foreign ownership of land and stocks is restricted. Non-tariff barriers to investment persist in the form of restrictive agency, sponsorship, and distributorship requirements.
Download or read book Doing Business with the United Arab Emirates written by Marat Terterov and published by GMB Publishing Ltd. This book was released on 2006 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Foreign Direct Investment and Technology Transfer written by Fahad Saif Harhara and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment Impact on Growth written by Nadia Awad Mohamad Awad and published by . This book was released on 2007 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effect of FDI on growth constitutes an issue that is debatable. While some t heorists support the positive impact FDI has on growth, others opposite it heavi ly. This debate is quite confusing due to the high FDI growth rates in the last decade. It is thus important to take into account both sides of the argument. Th e purpose of this thesis is to study the trend of FDI in the Arab world and emph asize on the impact FDI has on growth in countries such as Lebanon and the Unite d Arab Emirates. Chapter 1 introduces the topic, Chapter 2 gives a general overv iew of FDI, chapter 3 highlights the FDI trend into Arab countries, and chapter 4 examines empirically the relation between FDI and growth in Lebanon and the Un ited Arab Emirates. Chapter 5 concludes with some recommendations.
Download or read book Identification of the Influential Factors of Foreign Direct Investment in the Manufacturing Sector of the United Arab Emirates written by M. S. A. Al-Junaibi and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
