UAE Business: Dubai ranked a top global hub for talent and innovation – Gulf Digital News

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UAE
  • Date: 15-Aug-2022
  • Source: Gulf Digital…
  • Sector: Technology
  • Country: UAE
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UAE Business: Dubai ranked a top global hub for talent and innovation – Gulf Digital News

Dubai stands out as a leading hub in attracting talent and innovation in three waves by combining short- and long-term levers.

First, for many years it successfully attracted leading technology companies with an aggressive corporate tax rate incentive capped at zero, said a new report titled ‘Turning a Tech Hub into a Talent Magnet’, Boston Consulting Group (BCG), which studied 11 tech hubs around the world that continue to thrive by attracting digital talent from beyond their borders.

Smaller tech companies followed with UAE operations. Moreover, it boasts a UAE’s Golden Visa and a pathway to citizenship for international investors and top talent from around the world, providing them with visas for up to 10 years – next to a recent work visa scheme which enable employees from all over the world to work remotely from the UAE.

The one-year visa, considered first of its kind in the region, provides the opportunity for entrepreneurs and talents to innovate in the UAE’s safe and attractive business environment, with access to all the necessary services including world-class utilities and telecoms.

10-point action plan

Second, it launched several initiatives to attract talent with the skills needed by industries targeted by the government, such as agriculture technology within the