Business ambassador of the «Business Russia» in the UAE Maksim Zagornov Statement

Dear colleagues! I am glad to welcome you on the official site of the business ambassador of the «Business Russia» in the United Arab Emirates.

At the moment the All Russia public organization «Business Russia» actively enters the market of the United Arab Emirates. The representation of the business ambassador of the «Business Russia» in the UAE was open in June 2019 in Dubai for coordination of this process. The main goal of this structure is rendering the consulting help of the «Business Russia» to the member companies, interested to enter or strengthen the positions in the market of the United Arab Emirates and also the joint participation organization in the largest exhibition projects which are carried out on the territory of the UAE and the Russian Federation under the auspices of the «Business Russia».

Today due to the conditions of the «contracting» market of the Russian Federation, sanctions' toughening, growth of tax pressure upon small and medium business in Russia, the United Arab Emirates became the most attractive market for the Russian companies. In the UAE there are no personal income taxes and corporate taxes (the exception is made by the oil companies and banks), there are no profit taxes and low duty on commodity import. All these points significantly simplify the trade activity in the United Arab Emirates and gives chance to the Russian companies to receive new promising sales market for the goods and services, to bring their business to a new level.

Besides the UAE are an «entry point» not only to the market of the Gulf States, but also to all the Middle East. There are dozens of free economic zones in the United Arab Emirates where the convenient production infrastructure for the foreign companies of the most different industries is created.

Entry into the UAE market under the auspices of the «Business Russia» is an opportunity to declare the company as the active participant of the large business organization of the Russian Federation. Today «Business Russia» unites over 3 thousand companies of the most different profile. The total annual revenues of the «Business Russia» companies is 30 billion dollars. The general investments' amount is 23 billion dollars. Such indicators are of particular interest for the partners from the United Arab Emirates, and taking into account a wide range of products and services which can offer the companies of the «Business Russia», the probability of establishment of business contacts and start of joint business projects is rather high.

Maksim Zagornov

business ambassador of the «Business Russia» in the UAE,
member of the General council of the «Business Russia»,
president of the Russian Distributed Power Generation Association,
CEO at the MKS Group of Companies