Consultancy firm helps PHL businesses set up shop in Dubai
, a local consultancy firm that helps foreign companies expand to the Philippines, has partnered with Dubai-based business setup firm听听to help Filipino businesses enter Dubai and other Gulf Cooperation Council markets (Saudi Arabia, the United Arab Emirates or UAE, Kuwait, Bahrain, Qatar, and Oman).听听
The partnership provides coaching and business support services to small and medium enterprises (SMEs) and investor-seeking startups from the Philippines.听听听
鈥淭he Filipino community is the third-largest expatriate community in the UAE and is an important demographic,鈥 said Lorenzo听Jooris, Creative Zone chief executive officer, to听大象传媒.听听听
鈥淔ilipinos in the UAE have a thriving business community, with a diverse range of businesses, including food and beverage, fashion, and various types of professional services,鈥 he said. 鈥淎ligning with this is Dubai鈥檚 vibrant consumer base that constitutes tech-savvy, high-income, and young professionals.鈥澨听
Mr.听Jooris听cited the Philippines鈥 young and English-speaking workforce, its strategic location in the Southeast Asian market, and its strong industrial sector as among the factors for the company鈥檚 decision to extend its services to the country.听听
鈥淭he Philippines has introduced various incentives to create an investor-friendly climate and attract foreign business ventures,鈥 he added. 鈥淭he creation of Special Economic Zones (SEZs), tax benefits, and entrepreneur-friendly commercial laws make it relatively easy for foreign companies to set up in the Philippines鈥澨听
In a press statement, Rene 鈥淩J鈥 A. Ledesma, Jr., founding partner of Enter PH, said that his firm鈥檚 partnership with Creative Zone encourages the spirit of entrepreneurship.听听
鈥淒ubai has always been听close听to my heart, and educating my fellow entrepreneurs on the overlying opportunities and business potential that can be leveraged whilst within the country is a novel approach,鈥 Mr. Ledesma said.听听听
The economy of the UAE, of which Dubai is a part, is听rebounding faster听than expected, according to a chief economist for Oxford Economics Middle East in Dubai. The economy has been open for months, and is buoyed by a well-equipped health system as well as a population that is about 90% fully vaccinated.听Bloomberg听reported in September that听Dubai鈥檚 job market was at its strongest in two years.听听
The UAE鈥檚 latest foreign direct investment laws,听, allow foreign investors and entrepreneurs full ownership of onshore companies. 鈥斕Patricia B. Mirasol听听
