DUBAI 27 September 2018: In another world first, investors globally will now be able to start their business in Dubai without having to be in the UAE.
The move follows an agreement between the Dubai Investment Development Agency (Dubai FDI), and US-based Alliance Business Centres Network (ABCN). Dubai FDI is an agency of the Department of Economic Development in Dubai,
The partnership will enable investors overseas to use a network of 650 business centres spread across 85 cities in 45 countries to start a business in Dubai. The initiative is part of Dubai FDI’s continuing efforts to attract sustainable foreign investment in line with the goals of the Dubai Plan 2021 and promote the emirate as a competitive destination to do business.
Known to be the largest global network of serviced offices, Alliance Business Centres is also one of the leading providers of investor and corporate services for more than 50,000 clients and manages 15 million square feet of serviced offices worldwide. ABCN operates its businesses in the Middle East, Africa and Russia through its regional headquarters in Dubai. The professional services portfolio of Alliance Business Centres covers various legal forms of business as well as a wide range of commercial and investment activities available in Dubai.
Fahad Al Gergawi, CEO of Dubai FDI, said, “This initiative is in line with Dubai’s objectives to reach out to international investors and companies, remove hurdles for those looking to benefit from investment opportunities and economic development in Dubai, and sustain economic growth. Dubai’s strategy, supported by free and open economies policies and competitiveness, allows companies to benefit from the movement of goods to various regional and international markets, which is positively reflected in the promotion of global trade.”
The business centres network will particularly cover GCC countries such as Saudi Arabia, Bahrain and Kuwait, in view of the close relationship between these countries and Dubai and the importance accorded to regional co-operation in the vision and directives of the UAE leadership, Al Gergawi stated.
Sherif Kamel, Regional President, ABCN in RMEA, said, “The new strategic partnership will further stimulate economic activity, attracting new investors to capitalise on the opportunities in Dubai, which is emerging as a preferred global investment destination. Dubai has a solid economic foundation, based on advanced legislation that allows it to keep pace with rapid global changes. The emirate has developed clear policies and laws that serve its goals in attracting investments, facilitating business and offering an integrated package of innovative services that support business growth and expansion.”
ABCN’s service centres around the world assist throughout the process up to the company’s arrival in Dubai – from the beginning of the application until the completion of the process of starting the business. The service is available in many countries, including the United States, Germany, Russia, China, India, Switzerland and other commercial and industrial centres.