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We’ll handle the rest.”
Welcome to the world of business possibilities in UAE, a growing middle east powerhouse that attracts entrepreneurs, investors, and dreamers from all over the world. This guide is your compass to smoothly navigate the complex process of market entry and starting a business in the UAE. UAE’s journey in becoming a major business hub is a result of its forwardthinking leaders, well-planned strategies, and a strong commitment to progress. The UAE has a great location, modern facilities, progressive regulations, and a friendly atmosphere for businesses. Whether you’re new to the business, have lots of experience, want to invest, or want to change your country of residence, UAE has something for everybody. Within this guide, we’ll be your guide on a journey through the various aspects of market entry and setting up and operating a business in the UAE. We’ll delve into the economic landscape, explore key industries, and reveal the intricate details of legal rules, licensing requirements, and government procedures. Additionally, we’ll share valuable insights into the local culture and business etiquette, helping you build successful relationships in the local business environment. As you explore this guide, envision the boundless opportunities that await you in UAE. We are confident that the information herein will serve as a beacon to guide you towards a successful and enriching business experience in this dynamic city. Embrace the spirit of innovation, seize the opportunities, and be part of UAE’s enduring success story. Welcome to UAE – Your Gateway to Prosperity! Rajat Chawla Chief Business Officer rajat.chawla@stratrich.com (+971) 552-072-649 3
1971 Founder/1st President His Highness Sheikh Zayed bin Sultan Al Nahyan Political System Constitutional Federation (The Monarch Of Abu Dhabi Is the Head Of State) Geographic Area 84,000 Square KM Population est. 10 million (2024) GDP USD 509 bn (2023) Per Capita Income USD 53,707 Currency: UAE DIRHAM (Officially abbreviated “AED”, “DH” OR “DHS”); The Dirham is pegged to the US Dollar; 1 DIRHAM = 0.27 US DOLLARS Climate Average Temp. 19°C (January) To 36°C (August)
CONTENTS Foreword 3 UAE at a glance 4 Ch 1. Introduction 8 Ch 2. Key Industries & Sectors 14 Ch 3. UAE’s Logistics and Transportation Strength 28 Ch 4. UAE Free Trade Agreements (FTAs) 34 Ch 5. Mainland Jurisdictions 38 Ch 6. UAE Free Zones 48 Ch 7. UAE Offshore Jurisdiction 74 Ch 8. Mainland, Free Zone, or Offshore:- Business Setup 78 Ch 9. UAE Anti Money Laundering Regulations 86 Ch 10. Legal System in UAE 90 Ch 11. Choosing the Right Business Structure 94 Ch 12. Trade Licences 100 Ch 13. Visa and Labour Law 104 Ch 14. Banking in UAE 108 Ch 15. UAE Tax 110 Ch 16. Requirements for Establishing Business in UAE 124 Ch 17. Conclusion 126 Disclaimer This content is provided on the basis of secondary research and is not a professional advice or opinion. Stratrich does not make any representation or warranty of any kind with respect to its contents. Stratrich does not warrant or represent that any analysis or its content are timely, complete or accurate. 5
Area (sq km) Population (Million) Major Industries GDP (US$ billion est.) Dubai 4,114 sq km Trade & Finance, Tourism Abu Dhabi 67,340 sq km 3.1 mn. Oil & Gas, Tourism USD 170 bn Sharjah 2,590 sq km Manufacturing, Media 6 1.4 mn. USD 40 bn 3.1 mn. USD 140 bn
259 sq km 0.5 mn. Light Manufacturing, Tourism USD 15 bn Umm Al Quwain 700 sq km 0.7 mn. Fishing, Manufacturing USD 10 bn Ras Al Khaimah 1,684 sq km 0.5 mn. Manufacturing, Crypto USD 20 bn Fujairah 1,165 sq km 0.2 mn. Shipping, Manufacturing USD 5 bn 7
federation of seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah. It is known for its stunning landscapes, vast deserts, pristine beaches, and towering skyscrapers. Its strategic location at the crossroads of Europe, Asia, and Africa positions it as a gateway for trade and business. Over the period, it has become a magnet for tourism and international businesses. Why UAE? The UAE’s impressive growth and success can be attributed to several key factors that make it a magnet for business and investment. Strategic Location: Situated at the crossroads of Europe, Asia, and Africa, the UAE serves as an ideal gateway for business expansion. Its strategic location provides access to over two billion people within a few hours’ flight radius, positioning it perfectly for tapping into emerging markets. Pro-Business Policies: The UAE has a business-friendly environment characterized by pro-business policies and initiatives. It is known for favorable regulatory frameworks that include simplified company formation procedures, tax incentives, Free Zones, intellectual property protection, and liberal foreign ownership regulations. 9
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