I thought this was worthy of cypherpunks' attention. Islam may be
able to come up with something worthwhile yet ...
I particularly liked the attitude:
Q10. Have you allocated a budget for the Dubai Internet City?
A10. We will invest as much as necessary. But the total outlay will run into
a couple of hundred million dollars over the next couple of years.
Hype aside, I think they are serious about this.
You'd probably only need one person on site to run a business from here.
> October 29, 1999
>
> His Highness General Sheikh Mohammed announces Dubai Internet City -
world's first free trade zone for e-business.
>
> "The City will offer companies, in addition to 100 per cent foreign
ownership, tax exemptions for both corporate and personal incomes, land on
renewable 50-year leases and a 'single-window' for all government
clearances, including those related to trade licenses and work permits."
>
> Dubai Internet City will also be home to the world's first Internet
University, which will offer international quality courses in areas like
e-business, e-finance, e-marketing, multimedia, e-design, e-management, etc.
The City will also have an R&D center for new technology initiatives and a
state-of-the-art Science & Technology Park that will support all residential
e-enterprises. Permanent exhibition and display facilities will ensure that
Dubai Internet City becomes a frequently visited destination for all
leading-edge companies.
>
> Dubai has always been a business-friendly city. The stated belief has been
that �if it is good for the merchants, it is good for Dubai�.
>
> The Dubai Internet City will be committed to the development of a
business-friendly environment, encouraging new, innovative, critical ideas
and business sense, thereby leading to an emergence of an internet community
which will be known for it�s leadership and innovation. Benefits, allowances
and special efforts will be made to ensure this. Taking the concept of
business-friendliness even further, the Dubai Internet City will offer the
benefits of:
>
> No corporate profits tax,
> No personal income tax and
> No hidden costs in the form of import/ export taxes .
See http://www.dubaiinternetcity.com/faq1.htm
regards,
Mail: wayne clerke <[EMAIL PROTECTED]> Voice: +971 506 43 4853
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If you're not living on the edge, you're taking up too much space.
