Dubai plans a new e-commerce-free trade zone with 100% foreign ownership

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waqas ali 04 Jul 2024

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The term "Dubai" conjures up pictures of a large urban environment lined with vertical skyscrapers, crowded with tourists, and rich shopping malls. This vibrant metropolis is home to almost all global firms, the majority of which are associated with wealth and business. It is a major player in international trade and, more crucially, one of the world's most prosperous business cities. A best website development company in dubai is good for e-commerce trade zone

In line with this trend, the UAE government recently enacted legislation providing foreign investors with 100% ownership rights in a variety of businesses, including e-commerce. What does this mean? Let us discover this by reading on.

Dubai will host the worldwide trade conference Expo 2020, which is projected to attract significant foreign investment and business. This occurred prior to various municipal legislative improvements pertaining to real estate, property, business, and investment. The EZDubai is a wonderful illustration of this trend.

The purpose of this massive free trade zone, which covers 920,000 square meters, is to attract connected businesses like e-commerce. Dubai's state developer, "Dubai South," created this e-free trade zone at a total cost of 2 billion AE Dirham. The primary goal is to build Dubai into a world-renowned free trade zone for e-commerce.

A welcome chance

Previously, locals could purchase the remaining shares of a corporation, and foreigners could not own more than 49% of it. This new offer of 100% ownership is extremely advantageous for huge e-commerce enterprises seeking to operate independently. It is particularly useful if you want to start over with an e-commerce business in Dubai.

This indicates increased business opportunities for e-commerce web design companies in Dubai, as well as web developers. Due to a lack of new opportunities, Dubai's e-commerce industry is currently at the stale end of the spectrum. Greater e-commerce, of course, means more commercial opportunities for Dubai's web development firms—both old and new.

This latest development has opened up a variety of new opportunities for start-ups and investors. Yes, Dubai is a busy place to be, and now is your chance to seize complete control and pillage the rumble. Prepare to open your own internet business in Dubai, taking advantage of one of the world's most promising free trade zones.