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Expansion to the UAE
Transcript of Expansion to the UAE
South Asian- 50%,
Other (includes Westerners and East Asians)- 8% Language Greetings & Non Verbal Communication Major Religions Overview of Government Political System of UAE The form of government can be referred to as a federal presidential elected monarchy
UAE citizens do not have the right to change their government
The Supreme Federal Council elects the president of the country Business Etiquette Role of government in business in Dubai How the government
encourages competition Dubai Chamber of Commerce and Industry has established a Trade Mission Program which assists Dubai-based companies grow internationally
There is a UAE embassy in Ottawa, Ontario
The government also offers many services for businesses Hofstede's Score UAE has many policies aligned to attract foreign direct investment
Competition is generally encouraged
Draft competition law- April 2010 Power Distance: 90
Hierarchy is accepted
Individuality vs Collectivism: 25
People value strong relationships
Masculinity vs Femininity: 50
Competitive and Ambitious
Uncertainty Avoidance: 80
Avoid taking risks and prefer rules President of UAE/ Ruler of Abu Dhabi: Sheikh Kahlifa bin Zayed Al Nahyan
Vice President & Prime Minister of UAE/Ruler of Dubai: Sheikh Mohammed bin Rashid Al Maktoum Political connections to Canada The UAE and Canada signed an agreement on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital.
In March 2009, Sultan bin Saeed Al Mansoori and Stockwell Day, signed a bilateral agreement to advance trade, economic cooperation and investment even further لغات لغات Political Connection to Japan Works Cited "Arabian Body Language." Arabian Body Language. N.p., n.d. Web. 25 May 2013. <http://www.grapeshisha.com/about-uae/arabian-body-language.html>.
"Basic Arabic Words, Terms And Phrases For When You Travel To Dubai." HubPages. N.p., n.d. Web. 25 May 2013. <http://haunty.hubpages.com/hub/Basic-Arabic-Terms-And-Phrases-For-When-You-Travel-To-Dubai>.
"Business Etiquette in the UAE." USUAE Business Council. N.p., n.d. Web. 25 May 2013. <http://usuaebusiness.org/about-the-uae/business-etiquette-in-the-uae/>.
"Central Intelligence Agency- UAE." CIA. N.p., n.d. Web. 25 May 2013. <https://www.cia.gov/library/publications/the-world-factbook/geos/ae.html>.
"Dubai's Culture and Etiquette." Government of Dubai. N.p., n.d. Web. 25 May 2013. <http://www.dubai.ae/en/Lists/Articles/DispForm.aspx?ID=147>.
"The Hofstede Centre." Arab Emirates. N.p., n.d. Web. 25 May 2013. <http://geert-hofstede.com/arab-emirates.html>.
"United Arab Emirates / Religions." LookLex Encyclopaedia. N.p., n.d. Web. 25 May 2013. <http://looklex.com/e.o/uae.religions.htm>.
"Japan-UAE Emirates Relations." Embassy of Japan in UAE. N.p., n.d. Web. 27 May 2013. <http://www.uae.emb-japan.go.jp/bilateralrelations.htm>.
"UAE-Japan increase bilateral trade ties."WAM. N.p., n.d. Web. 25 May 2013. <wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1290004506708&p=1135099400295&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews>.
"Int. Agreements ." United Arab Emirates | International Business Portfolio. N.p., n.d. Web. 27 May 2013. <http://focusonuae.wordpress.com/internation-agreements/>.
"UAE Embassy in Ottawa-Home."Embassy of the United Arab Emirates in Ottawa. N.p., n.d. Web. 27 May 2013. <http://uae-embassy.ae/Embassies/ca/>.
Davis, Kia . "Where to Find Funding and Support: Resources for Entrepreneurs in the UAE | Wamda.com." wamda. N.p., 17 July 2012. Web. 27 May 2013. <http://www.wamda.com/2012/07/where-to-find-funding-and-support-resources-for-entrepreneurs-in-the-uae>.
"Business Setup." Commit. N.p., n.d. Web. 24 May 2013. < http://www.commitbiz.com/services/business_setup.htm>.
"Political System." UAE Interact. N.p., n.d. Web. 27 May 2013. <http://www.uaeinteract.com/government/political_system.asp>.
"History & Culture ." My Destination Dubai. N.p., n.d. Web. 23 May 2013. <http://www.mydestination.com/dubai/usefulinfo/6175527/history--culture>.
"United Arab Emirates Country Report."BTI Project. N.p., n.d. Web. 26 May 2013. <www.bti-project.de/fileadmin/Inhalte/reports/2012/pdf/BTI%202012%20United%20Arab%20Emirates.pdf>. Why to Invest? Diverse Population
Strong Labour Relations
Demand for Modern Clothing
Similar Business Etiquette The first council meeting of the Abu Dhabi Japan Economic Council (AJEC) was held on February 7th, 2012 in Tokyo.
Japan imports 20.5% of its oil from the UAE, making it Japan's eighth largest trading partner.
There is a Japan-UAE Business forum which has more than 300 delegates Why to Invest? Free-Market Economy
Many other benefits Official language is Arabic
English, Hindi, Urdu and Farsi are widely spoken As Investors, what factor about investing in Dubai worries you the most? Cultural Differences
Low Demand for Goods
Not enough Government Support
Government Regulations Holding Hands is Common Handshakes Last a Long Time Must greet the Elderly first and with Status Eye Contact shows Trustworthiness Islam (57% of Population) Hinduism (15% of Population) Christianity (9% of Population) Gift Giving Punctuality Scheduling Entertaining Bani Yas Tribe Dubai only consisted of land & waterways In the 1980’s-1990’s Dubai realized that it could reach its full potential by becoming one of the top tourist destinations in the world