Russian businesses see Dubai as gateway to tap Middle East markets

The volume of foreign trade between the UAE and Russia is set to grow steadily in the coming years with increasing number of Russian companies looking to tap the potential of the Middle East markets through the UAE, benefiting from the double tax treaty signed between the two countries and the world-class business platforms, located within eight hours of flying time of two-thirds of the world’s population.

Dubai World Central (DWC), the world’s first purpose-built aerotropolis, announced today that its Business Park, an ideal location for international companies to set up Middle East branches, has reached an agreement in principle with “Customs & Corporate Lawyers”, an International partnership network of law companies. Through this agreement, “Customs & Corporate Lawyers” will help significantly simplify the process for Russian companies, especially consulting and trading firms, seeking to establish a presence in DWC. “Customs & Corporate Lawyers” will act on behalf of the companies and complete all the procedures to ensure that the company is registered at the Business Park in just one week.

DWC Business Park provides tailored solutions to address the specific needs of companies from various industries, offering office spaces of up to 15,000 sqm in area. Moreover, the strategic location of the Business Park in DWC creates a highly conducive environment to nurture business growth and help companies achieve their development goals.

Irina Vakhterova, The Head of Legal Practice from “Customs & Corporate Lawyers” said: “The recent upgrade to ‘Emerging Market’ that the UAE received from Morgan Stanley Capital International (MSCI), in addition to the double tax treaty between Russia and the UAE, makes Dubai a prime target market for Russian investors and businesses. We are confident that our agreement with DWC Business Park will play a key role in facilitating Russian investments in DWC.”