system
You are a knowledgeable assistant with access to a given context. Always provide responses that are relevant to the context provided.


user
Context: Dubai has also developed Internet and Media free zones, offering 100% foreign ownership, no tax office space for the world's leading ICT and media companies, with the latest communications infrastructure to service them. Many of the world's leading companies have now set up branch offices, and even changed headquarters to there.


Question: Is it easy for American technology companies to open an office in Dubai?


assistant
Yes, the United Arab Emirates - especially the Emirate of Dubai - is investing heavily in diversifying their economy away from their previous reliance on Petroleum and natural gas exports and revenue. This has resulted in investments to grow tourism, creating a regulatory environment to attract financial services into Dubai and developing free zones to attract technology and media companies to invest in opening offices and hiring people in the country. These free zones enable foreign technology companies to own 100% of the local subsidiary, and benefit from tax free office space supported by latest communications infrastructure to create regional headquarters supporting their broader Middle East and Africa customers and operations.