Business Reforms in United Arab Emirates

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2013:

Positive Starting a Business:

The United Arab Emirates made starting a business easier by eliminating the requirement for a company to prepare a name board in English and Arabic after having received clearance on the use of office premises.


Positive Paying Taxes:

The United Arab Emirates made paying taxes easier for companies by establishing an online filing and payment system for social security contributions.


Positive Getting Electricity:

In the United Arab Emirates the Dubai Electricity and Water Authority made getting electricity easier by introducing an electronic “one window, one step” application process allowing customers to submit and track their applications online and reducing the time for processing the applications.


DB2012:

Positive Starting a Business:

The United Arab Emirates made starting a business easier by merging the requirements to file company documents with the Department for Economic Development, to obtain a trade license and to register with the Dubai Chamber of Commerce and Industry.


Positive Getting Credit:

The United Arab Emirates improved its credit information system through a new law allowing the establishment of a federal credit bureau under the supervision of the central bank.


DB2011:

Positive Getting Credit:

The United Arab Emirates enhanced access to credit by setting up a legal framework for the operation of the private credit bureau and requiring that financial institutions share credit information.


Positive Trading Across Borders:

The United Arab Emirates streamlined document preparation and reduced the time to trade with the launch of Dubai Customs’ comprehensive new customs system, Mirsal 2.


DB2010:

Positive Starting a Business:

The United Arab Emirates eased the process of business start-up by abolishing the minimum capital requirement and removing the requirement to show proof of deposit of capital for registration, and further simplified the documents necessary for registration.


Positive Dealing with Construction Permits:

The United Arab Emirates continued to improve it's online system for processing building permits, which sped up building permit delivery times.


Positive Trading Across Borders:

Trading across borders in Dubai has improved due to greater capacity at the container terminal, the elimination of the terminal handling receipt as a necessary document, and increased trade finance products.


DB2009:

Positive Getting Credit:

The United Arab Emirates established a new private credit bureau that collects information on all loans. Borrowers also have the right to inspect their credit data in the new bureau. The bureau will significantly increase the capacity of banks to better assess the credit worthiness of borrowers.


Positive Enforcing Contracts:

The United Arab Emirates introduced e-filing.


DB2008:

Positive Starting a Business:

United Arab Emirates eased the process of starting a business by allowing the publication of the records of the company to be done at DED.


Reform Summaries


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