A new law that reduces red tape for Gulf companies looking to set up shop in the UAE has been welcomed by analysts. But they warn that the region is still far from being a level playing field.
The rules, which allow Gulf companies to easily open branches in the UAE even if they have no local partner, have yet to be followed by the other members of the Gulf Cooperation Council (GCC).
Even if they are, analysts say, the ease of opening an office is only one of a number of issues vis-a-vis doing business in Qatar, Oman and particularly Saudi Arabia, the region's biggest economy.
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