Venture to UAE with IE Singapore

Investor-friendly environment

The United Arab Emirates (UAE) has long maintained a policy of encouraging foreign investment. From a financial perspective, the UAE is an attractive place to do business in the region, due to the stable UAE Dirham, zero exchange restrictions, and the ability to repatriate capital and profits. Investors will also find a ready supply of skilled labour, modern communications and transport networks, excellent infrastructure, and a stable and reliable investment climate.

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Ease of trade

There are minimal trade barriers and tariffs within the region, allowing investors to trade goods at a competitive price.

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Developed Free Trade Zones

Investors are spoilt for choice as the UAE boasts over 40 Free Trade Zones (FTZs), each tailored to specific industries. These convenient bases allow for 100% foreign ownership, 100% repatriation of capital and profits, and full import and export tax exemptions. Other incentives include corporate tax exemptions of up to 50 years, no personal income taxes, and assistance with labour recruitment.

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Venture to UAE

Many multinational corporations have chosen to locate their regional headquarters in the UAE. Dubai has thus gained a reputation as a regional distribution centre, while Abu Dhabi retains the more traditional oil and gas industries.

As the UAE continues to develop its reputation as a regional business hub, more and more investors are flocking to the emirates, creating healthy market competition and a virtuous cycle of improvement. Since 2006, non-UAE nationals have been able to buy freehold property in designated areas of Dubai.

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Geography: With a total area of 83,600 km2, the UAE sits on the eastern side of the Arabian peninsula. It shares borders with Saudi Arabia and Oman, with coastlines on the Arabian Gulf and Gulf of Oman

Population: 9.4 million (est. 2017, United Nations)

Ease of Doing Business Ranking: 21st (June 2017)

Economic Freedom Ranking: 8th (2017)

Bilateral Trade: S$15.5 billion (2016)

Currency: UAE Dirham (AED)

Language: Arabic (official), English, Urdu, Hindi

Source: CIA World Factbook

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Abu Dhabi is the capital and the second most populous city in the UAE, and also capital of Abu Dhabi emirate, the largest of the UAE's seven member emirates. The city proper had a population of 921,000 in 2013. Abu Dhabi is the seat of the United Arab Emirates Government, home to the President of the UAE.  The city has grown to be a cosmopolitan metropolis. Its rapid development and urbanisation, coupled with the relatively high average income of its population, has transformed Abu Dhabi to a larger and advanced metropolis. Today the city is the country's centre of political and industrial activities, and a major cultural and commercial centre.

 

UAE-Abu-Dhabi

Dubai is the most populous city and emirate in the UAE, and the second largest emirate by territorial size after the capital, Abu Dhabi. Dubai is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Geography:

16 districts

Population:

2.1 million

Dubai