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'Doing business in UAE' booklet released

ABU DHABI The Dubai office of chartered accountants Morison Menon has brought out an updated version of its booklet on doing business in the UAE with a particular focus on the country's free trade zones.

It looks at length on the economic policy designed to improve trade and encourage entrepreurialism.
The booklet outlines the law covering commercial companies operating in the UAE and the procedures necessary to set up different types of companies.

It also looks at the individual emirates by industry sector and examines areas open for development. It provides details on a range of topics including the regional financial exchanges, Islamic finance, the Emmar platform for investments, the AGCC Customs Union and UAE Federal Customs Law.

Raju Menon, managing partner of Morison Menon, said: "The UAE is growing by leaps and bounds and the climate for investment is improving by the day. That prompted us to think in terms of this updated version that will serve as a quick reference guide."
The firm is planning a more exhaustive publication to deal exclusively with the free trade zones as it believes these zones deserve special attention as they are designed to promote exports.

In his foreword to the booklet, Abdul Rahman Al Mutaiwee Director-General of Dubai Chamber of Commerce and Industry, said he hoped the publication would serve as an open invitation to the world business community to enhance their fortunes in the cosmopolitan UAE.

He said: "While no book of this nature can claim to be all-inclusive, it goes to the credit of the team behind the venture that it has identified with amazing clarity, what entrepreneurs look for in a business destination."