The United Arab Emirates (UAE) is a federation of seven separate monarchies–known as emirates–located in the southeastern corner of the Arabian Peninsula. Although the UAE only recently achieved independence from Britain in 1971, the region has a long history of trade and commerce. In fact, the city of Dubai–one of the seven emirates– served as an important trading post for centuries. Read on for more information on the UAE business environment from experts like Kavan Choksi Japan!
Today, the UAE is one of the most business-friendly countries in the Middle East. The country has a modern infrastructure, a stable political environment, and a highly educated workforce. In addition, foreign businesses are welcome in the UAE, and they are allowed to own 100% of their business venture. Not surprisingly, many international companies have set up operations in the UAE, attracted by its favorable business climate.
The UAE also offers ample opportunities for businesses to prosper. The country has a well-developed economy that is diversified away from oil exports, and it boasts a large domestic market with a high disposable income. Businesses in the UAE can tap into these markets by taking advantage of the country’s free trade zones–areas where businesses can operate without paying taxes or customs duties. These factors make the UAE an ideal destination for any business looking to expand its operations into new markets.
The 7 Emirates of the UAE
The United Arab Emirates is made up of 7 separate emirates, each with its own ruler. The largest and most populous emirate is Abu Dhabi, which is also the capital of the country. Dubai–the second largest emirate–is by far the most well-known, thanks to its status as a major global city and tourist destination. The other five emirates are Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah.
Each emirate has its own unique culture and attractions. Abu Dhabi is home to many luxurious hotels and resorts, as well as world-famous museums like the Louvre Abu Dhabi. Dubai is famous for its modern skyline, expansive shopping malls, and iconic buildings like the Burj Khalifa–the tallest building in the world. Sharjah is known for its traditional Arab culture and architecture, while Ajman is famous for its beaches and duty-free shopping. Umm Al Quwain is a popular destination for birdwatching and camping, while Ras Al Khaimah is known for its mountains and hiking trails. And finally, Fujairah is famous for its dive sites and snorkeling opportunities.
The UAE Business Visa
Foreign nationals who wish to do business in the United Arab Emirates must obtain a business visa before entering the country. Fortunately, this process is relatively simple and can be done online in just a few minutes. To apply for a business visa online, you will need to provide some basic information about yourself and your company, as well as your travel dates and contact information. Once your application has been approved, you will receive your visa electronically–usually within 24 hours.
Doing business in the United Arab Emirates comes with many benefits: a favorable business climate, modern infrastructure, ample opportunities for growth, and a large domestic market. Plus, foreigners are welcome in the UAE, and they are even allowed to own 100% of their business venture. If you’re thinking about expanding your operations into new markets, the UAE should be at the top of your list.