The likely effect of The New UAE law 2008 on real estate investments

A foreign investment law was created so that there is a free flow of foreign investment for the country. This helps a lot in globalization and in bringing the ideas of different nations and different techniques of productive working at home.

According to sources in the ministry of the economy, foreign investment in the UAE is in its early stages of preparation and should be ready by the end of 2008. This will allow global investors to invest freely in UAE.

To do this, the federal government has set up a committee. The Committee consists of members from the ministries of economy, finance and industry, but also representatives of over 35 companies public and private enterprise.

And 'the vision of the first economy minister, Sheikh Lubna Al Quasami to make the emirate a favorite destination of foreign investment. He is facing problems in the drafting of the law, like the seven countries that constitute the emirate have different laws on ownership and investment. But in a national investment forum last December, has expressed his view to providing a legal reference point stop for all investors. He also spoke about measures likely the law to regulate foreign direct investment for the country.

Aleef Al Farra has also expressed a common belief by saying that even if they have no hope of legal standards and regulations across the country, but still there would be some common grounds so that foreign investors can invest with certainty. The main reason for this law is to ensure transparency and to remove all ambiguities. The reason behind the ambiguity of various laws of various nations of the Emirates, for example on the northern emirates you can get free land that is not the practice through which the United Arab Emirates.

The purpose of foreign investment is not just to have a higher cash flow to the country, but with increased investment, there is an impetus to growth. These investments help to breed new ideas and give a chance for new companies to come up with innovative products.

Another law that helps the same cause is the law of competition UAE. This law is modeled taking into account the anti-trust laws of the United States and also the laws of other developed countries. This law helps to keep a check on companies that create monopolistic tendencies. These anti-completive companies are a great danger for the economy and take the opportunity for small and midsize businesses to thrive. These monopolistic companies also weigh heavy on the pocket of consumers. As is the case in other developed countries, small businesses and medium enterprises will be excluded from the jurisdiction of this law, as these companies are not able to make a monopolistic business due to their size ....