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These companies are regulated under Federal Law No. 2 of 2015 which came in to effect on 1 July 2015. Expatriate can now own 100% shares in any commercial limited liability company (LLC) located in the mainland areas. Earlier, they were only allowed to own 49% [5] GCC national can own 100% shares in any company.
As for other Free Zones in Dubai, the Dubai Multi Commodities Centre (DMCC) has 7,330 active registered companies (as per 2013), offers a retention rate of 94 percent, and estimates an application of over 200 companies every year. [1] The Dubai International Financial Centre (DIFC) is another jurisdiction demonstrating the growth of expansion.
Today, the mid-rise buildings called Jafza 14, Jafza 15, Jafza 16 and Jafza 17 are the primary office buildings of the free zone. Jafza 17 serves as the headquarters for DP World. In 2007, Jafza integrated government services and enabled Jafza businesses and employees to access services from Dubai Government Departments within the free zone.
The company is also responsible for implementing Hala China, a joint initiative by Meraas and Dubai Holding [46] which is aligned with Dubai's Tourism Vision 2020 and aimed at enhancing economic and cultural exchange to drive investment cooperation between Dubai and China. The initiative seeks to attract Chinese visitors and investors to Dubai.
D. Daallo Airlines; Dahabshiil; DAMAC Properties; DarGlobal; DataFlow Group; Deyaar; Diva Dubai Modeling Agency; Dnata; Dnata Travel Services; Dodsal Group; DP World
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
This list displays all UAE companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2023. [1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.
Some financial free trade zones in Abu Dhabi and Dubai have their own legal and court systems based on English common law; local businesses in both emirates are allowed to opt-in to the jurisdiction of common law courts for business contracts. [4] [5] [6] The justice system in the UAE has been characterized as opaque.