Doing business in the UAE
In a few words, it is the type of economy that is confirmed to be extensively flexible in a complicated international economic condition and the opportunities to establish business in this country are countless. Needless to say, UAE has set foot in the millennium as one the Middle East’s most progressive nations and is full tilt in transforming into a model of what auspicious planning and dynamic enterprise can attain and it has all the rationale to be dignified of all its accomplishments and is fearless for tomorrow.
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The United Arab Emirates is a union of seven Emirates composing of Ajman, Umm Al Quwain, Abu Dhabi, Fujairah, Dubai, Ras Al Khaimah and Sharjah. This federation was established in the year December 02, 1971.
In addition, the United Arab Emirates federation constitution was perpetually approved in 1961 and it offers distribution of authority amidst the government of each Emirate and the federal government. The United Arab Emirates judicial system differs greatly athwart the free zones and the Emirates. Only five Emirates comply with a federal court system- while Ras Al Khaimah and Dubai have their very own non partisan court systems. All of the Emirates (excluding some of those in the free zones) adopt systematically identical rules of civil procedure and evidence; it is worth mentioning to note that the trials are settled by one judge or a panel of three judges and not by a jury. On the other hand, a few of the free zones have their very own judicial systems and own rules of civil procedure and evidence.
The Business Environment
Globally regulated, highly proficient, exceptional service quality and breakthrough infrastructure gladly receives the entrepreneur in Dubai. Being one of the most advanced and contemporary states across the globe, Dubai provides considerable number of favors particularly to those who aspire to establish a business.
The Primary Benefits include
- State-of-the-art telecommunications infrastructure
- Leading-edge roads system and public transportation
- Tax-free system
- Sophisticated service and financial sectors
- Elite office premises and heyday residential property
- Dependable and reasonably-priced utilities like electricity, gas and water
- Globally-renowned health, education and government services
- Metropolitanized living conditions