Individuals and businesses wishing to set up in the UAE can choose to set up on the ‘mainland’ or invest in a free zone.
The UAE, a federation of seven emirates (Abu Dhabi, Dubai, Sharjah, Fujairah, Ajman, Ras al Khaimah and Umm al Quwain), has undergone a fundamental transformation since oil was first discovered in 1962. Once a small, insular economy dependent on fishing and pearling, the UAE is now a cosmopolitan, business-oriented environment which has attracted tremendous internal and foreign direct investment. The government has invested significantly in infrastructure – highways, telecommunications, sea ports and airports – in the knowledge that such investment leads to innovation in terms of new business opportunities and new industries.
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