Webinar answers foreign investors' common questions on doing business in Dubai

Dubai Chamber of Commerce and Industry’s representative offices in Africa recently organised a webinar, which answered common questions from foreign investors related to freelancing, residency visas, opening a bank account and choosing the right consultant and partner in Dubai.

The event, part of the Benefits of Doing Business in Dubai webinar series hosted in collaboration with Bizzmossis Service Company, showcased Dubai’s wide range of competitive advantages, such as 100% foreign ownership in free zones and mainland companies in specific economic sectors, cost-effective business setup options, access to global and high-skilled talent pool, long-term residency visas for investors and entrepreneurs, widespread availability of online government, licensing and banking services.

The webinar attracted 243 participants from Africa, the UAE, Saudi Arabia, America, Eurasia and other markets, and featured presentations from Omar Khan, Director of International Offices at Dubai Chamber;

Marianna Bulbuc – CEO and Founder of Bizzmosis; and Norvan Acquah -Hayford - Public Relations Manager at Ghana Link Network Services.

Presentations highlighted the substantial growth of Dubai’s freelance economy over the last 5 years as the emirate has become an attractive hub for designers and creative professionals in the region, adding that the Covid-19 situation has created new business opportunities for freelancers as companies outsource projects and look to reduce operating costs.

In addition, participants learned about the variety of freelance permits offered in Dubai, as well as online platforms allowing freelancers to market their services and connect with potential clients.

Responding to a survey, 35% of webinar participants said long-term residency visas are a key advantage of doing business in Dubai, followed by availability of information (32%) and freelancing opportunities (22%).

As Dubai begins to re-open its borders to visitors, 60% of participants said they feel confident about doing business in Dubai, followed by 29% who said they were “very confident”, while 42% of respondents said they expected to visit Dubai within three to six months. 

Omar Khan, Director of International Offices at Dubai Chamber, described the webinar as an ideal platform for business communities in Africa and other emerging markets to learn about Dubai’s economy and business environment, as well as recent stimulus measures, incentives for investors and relief options available to businesses that have been impacted by the Covid-19 pandemic.

He noted that the strong participation reflected growing confidence in Dubai as a global business hub and an increased appetite among foreign companies to explore new markets and expand their international presence.

Established in 1965, the Dubai Chamber of Commerce & Industry is a non-profit public entity, whose mission is to represent, support and protect the interests of the business community in Dubai by creating a favourable business environment, supporting the development of business, and by promoting Dubai as an international business hub.