Page 407 - Sustainable Cities and Communities Design Handbook

380 Sustainable Cities and Communities Design Handbook

l removing the requirement that proof of deposit of capital be shown for
registration,
l the time for delivering building permits was shortened by improving its
online application processing system,
l greater capacity at the container terminal,
l elimination of the terminal handling receipt as a required document, an
increase in trade finance products.

Doing Business 2010 Report
Doing Business Doing Business Doing Business
2010 Ranking 2009 Ranking Change in Rank
Doing business 33 47 þ14
Starting a business 44 118 þ74
Dealing with 27 54 þ27
construction permits
Employing workers 50 45 5
Registering property 7 7 0
Getting credit 71 68 3
Protecting investors 119 114 5
Paying taxes 4 4 0
Trading across borders 5 13 þ8
Enforcing contracts 134 135 þ1
Closing a business 143 143 0
Based on http://www.doingbusiness.org/w/media/giawb/doingbusiness/documents/profiles/country/
ARE.pdf.

In 2012 the following reforms were introduced (according to the DB
report):
l the UAE made starting a business easier by merging the requirements to
file company documents with the Department for Economic Development,
to obtain a trade license, and to register with the Dubai Chamber of
Commerce and Industry,
l the country improved its credit information system through a new law
allowing the establishment of a federal credit bureau under the supervision
of the central bank,
l the access to credit was enhanced by setting up a legal framework for the
operation of the private credit bureau and requiring that financial
institutions share credit information,
l the UAE streamlined document preparation and reduced the time to trade
with the launch of Dubai Customs’ comprehensive new customs system
(Mirsal 2). 20

20. http://www.doingbusiness.org/reforms/overview/economy/united-arab-emirates#.