TME LEGAL | DUBAI – RECHT KLAR

Dubai – Leading Digital Economy Hub

Dubai - Leading Digital Economy Hub


Dubai has once again shown itself as a leader in digital innovation by attracting nine multinational companies in 2023, which together are worth more than AED 304 billion (USD 82.84 billion). This highlights Dubai’s appeal as a place for tech businesses to invest and supports the goals of the Dubai Economic Agenda (D33).


Varied Technology Investments Support Business Establishment in UAE


The companies Dubai has attracted are involved in various fields, including cybersecurity, mobility technology, health technologies, new energy vehicles, robotics, and e-commerce. This variety not only shows Dubai’s ability to support a broad range of digital businesses but also highlights its efforts to build a strong digital ecosystem.


The new companies come from Asia, Europe, the USA, and Latin America, showing Dubai’s worldwide appeal and its role as a key hub for digital economic growth.


Strategic Efforts to Advance the Digital Sector


In its pursuit of leading in digital economies, the chamber has started several key programs. One such initiative, ‚Create Apps in Dubai‘, aims to triple the number of app developers by 2025 and help create innovative mobile applications. These efforts not only support local talent but also aim to attract international companies and entrepreneurs, boosting Dubai’s reputation as a prime location for digital businesses.


Improving Business Opportunities with „Business in Dubai“ Platform


The new ‚Business in Dubai‘ platform is designed to help companies start and grow in Dubai by providing institutional services and business matchmaking. This tool is vital for companies looking to thrive in Dubai’s competitive digital economy.


Continued Global Outreach to Attract Businesses to the UAE


The chamber’s ongoing global outreach, including roadshows and business trips in various regions, is crucial in drawing a diverse mix of digital companies to Dubai. These efforts help promote the emirate’s digital economy and support the establishment and growth of multinational companies in the area.


Dubai, through strategic initiatives by the Dubai Chamber of Digital Economy, is becoming a global leader in the digital economy. For companies aiming to start or expand their digital operations, Dubai offers opportunities supported by a favourable business environment, strategic location, and a focus on innovation and growth.

Share:

More Posts

A. Recent Developments in Employment Law in the UAE: Focus on Abu Dhabi Global Market and Remote Work

A. Recent Developments in Employment Law in the UAE: Focus on Abu Dhabi Global Market and Remote Work

Significant reforms to UAE employment law will take effect in April 2025, focusing on the groundbreaking regulations of the Abu Dhabi Global Market. These updates redefine employee rights, introduce comprehensive protections for remote workers, and reinforce the UAE’s position as a leader in flexible work models. The new regulations mark an important step in the evolution of the labor market, aligning it with the modern demands of the workforce

The Cologne Regional Court ruled that a chocolate product cannot be marketed as "Dubai Chocolate" if it is neither produced in Dubai nor has any geographical connection to Dubai. Distribution companies had advertised the chocolate with phrases like "a touch of Dubai" and "bringing the magic of Dubai to your home." The court deemed this misleading, as consumers might assume the chocolate originates from Dubai. Such use of geographical indications is prohibited under Section 128(1) of the German Trademark Act

District Court of Cologne Decision: Misleading Advertising – Dubai Chocolate Must Come from Dubai

The Cologne District Court ruled that a chocolate product cannot be marketed as „Dubai Chocolate“ if it is neither produced in Dubai nor has any geographical connection to Dubai. Distribution companies had advertised the chocolate with phrases like „a touch of Dubai“ and „bringing the magic of Dubai to your home.“ The court deemed this misleading, as consumers might assume the chocolate originates from Dubai. Such use of geographical indications is prohibited under Section 128(1) of the German Trademark Act.

Mandatory Health Insurance Across UAE to Benefit Private Sector Employees and Domestic Workers

The Ministry of Human Resources and Emiratisation (MoHRE) has launched a competitively priced basic health insurance package. Coverage extends to all private sector employees and domestic workers across the UAE, starting January 1, 2025. Employers in the Northern Emirates will be required to provide health insurance as a condition for residency permit issuance or renewal. The initiative aims to enhance worker welfare, reduce employer costs, and improve national healthcare infrastructure.

UAE to Implement 15% Minimum Tax on Multinational Corporations Starting 2025

The UAE Ministry of Finance has announced the implementation of a Domestic Minimum Top-up Tax (DMTT) of 15% on multinational corporations starting January 2025. The New Tax Policy Aims to Strengthen UAE’s Fiscal Framework and Global Alignment. By balancing new tax obligations with growth-oriented incentives, the government seeks to attract multinational enterprises and foster innovation. Companies operating in the UAE should proactively assess the implications of these changes and explore opportunities to leverage the proposed incentives to support strategic goals.