Question by Inti: How can a Canadian invest in Dubai or Oman?
Best answer:
Answer by sas35353535
come here on visit and then form an aliance or partnership with some local sponser or company to start up whatever u like.
What do you think? Answer below!
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June 3rd, 2011 at 3:52 am
There are different possibilities where you have to take certain things in consideration.
Open up a own business in Dubai. The Jebel Ali Free Zone and Dubai Free Zone treat companies operationg there offshore, or outside the UAE for legal purpose. Means, your comany does not need a local sponsor.
Investing in the UAE Securiy Market:
At present there are still only a handful of companies on the UAE Stockmarkets that allow foreigners to own shares.
Some of these comapnies are:
Abu Dhabi Commercial Bank,
Abu Dhabi National Hotels Company,
Emar properties
This way it’s easy to invest in the UAE tourisms, financial and property market. This has to be done through a local brokerage firm or bank.
Also in Oman foreigners are permitted to purchase shares on the Muscat Security Market. In Oman all companies are open to foreigners to own shares.
Bevore investing in Oman it would be advised to check if there is a non double taxation agreement between Oman and Canada, where as for investing in Dubai only your own tax law is relevant.
Please note: The UAE Dirham and the Omani Rial have a fixed parity with the US$ . Any volatility of the US$ in relation to other currencies will impact the domestic price situation.
More information on Dubai investments:
http://www.dubaitourism.ae/Business/default.asp?SubCatID=14
http://www.shelteroffshore.com/index.php/property/more/investment_property_dubai
Take care