But 'not a single oil', as they say. Dubai has launched mind-blowing projects that have no analogues in the world. The region has become a financial oasis where the most favorable conditions for global investment are created:
• no taxation on profits and assets;
• maximally simplified business registration procedure for foreigners, when only a tourist visa, Bank account and office are required;
• favorable conditions for the development of companies providing it services in the form of a special economic zone dubaii Internet city.
The Emir of Dubai, who is also the Prime Minister and Vice-President of the UAE, Sheikh Mohammed, personally manages their implementation. At one time, his father, the first Emir of Dubai, Sheikh Rashid II, took care of a worthy successor, giving his son a European education (Cambridge - 'this Is not a trifle in your pockets').