The United Arab Emirates

The United Arab Emirates (UAE) is located in the Middle East, on the eastern side of the Arabian Penisula. Abu Dhabi is the nation’s capital, while Dubai is its most populous city and is an international hub. The population boasts more than 9 million residents, with more than 70% Muslim.

The UAE culture is based on surrounding Arabian culture and has been influenced by the cultures of Persia, India, and East Africa. The Muslim religion plays a big role in the way people dress and which holidays are celebrated. The colors and food are rich for the senses, as well as the language and arts. Arabic is primarily spoken, as well as English. Formula One racing is a favorite pastime, as well as football (otherwise known as soccer in the U.S.) and cricket.

The ruling family is supportive of business and runs a very favorable tax system, with no income tax and a very low value-added tax (5%). The UAE economy is supported by the strong financial services sector and the country’s wealth of natural resources.

The UAE has broad diplomatic and commercial relations with most countries and members of the United Nations. It is one of the founding members of the Gulf Cooperation Council (GCC), and is a member of the United Nations and several of its specialized agencies, as well as the World Bank.

The UAE has grown into a powerful economic stronghold in only 50 years, offering many business and investment opportunities with the future in mind. Oil and gas are the main drivers of the economy, making up 26% to overall GDP. Additionally, there are a few other sectors that drive commerce, such as tourism and transportation. With stability and predictability, the UAE is a prime location for international growth.