![]() It is business-friendly and offers a zero tax environment to appeal to workers and businesses who want to set their base in Dubai.Īccording to Citi CEO Vikram Pandit, cities are the engines of prosperity and innovation vying for talent, investment and business. According to the report, "Dubai is rapidly building a business-friendly, zero tax environment to attract workers Santiago is helping host a national initiative to directly incentivise hundreds of entrepreneurs from around the world to move there and Singapore is bolstering its reputation as the gateway to Asia’s growth, with a first-rate living environment to support it." Similar to Singapore and Santiago, Dubai has chalked out specific programmes to attract worldwide talent. The report titled HotSpots and commissioned by Citi, it measures the competitiveness of cities based on their ability to magnetize capital, business, talent and tourists.
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