United Arab Emirates is one of the most preferred jurisdiction among the businesses around the world. The GCC economy have witnessed some difficult days in past year due to steep fall in oil prices. But the UAE economy is still going strong because it has successfully managed to divest its source of revenues from non-oil resources.
Sultan Bin Suleyem is the chairman of DP World. It is the holding company of Jabel Ali Free Zone Authority (JAFZA). It is one of the largest and oldest free zone in the UAE. It has attracted more than 470 companies in the UAE to register their business and shown a growth of seven percent is preceding five years. It is also important to note here that fifty eight percent of these companies are from Middle east itself. It is phenomenal growth rate considering the tightening economic situations around the world and falling oil prices. Asia pacific have been the largest contributor from outside the middle east as 21 percent of companies registered in 2016 are from this region. Europe and America follows with 16 and 3 percent respectively.
If you are looking to register your business in the free zone, please feel free to contact us at [email protected]
IMC Group