United Arab Emirates
Capital: Abu Dhabi
Population: 9,581,000 (Est.)
HDI: 0.835 (41st)
GDP(PPP): 641.888 Billion USD (2015)
Currency: UAR dirham
Language: Arabic
Established in December 1971, the country is a federation of seven emirates. The constituent emirates are Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. Each emirate is governed by an absolute monarch; together, they jointly form the Federal Supreme Council. Islam is the official religion of the UAE, and Arabic is the official language, although English is widely spoken and is the language of business and education, especially in Abu Dhabi and Dubai. The UAE is a highly developed country with a high level of human development and is one of the wealthiest countries in the Middle East. It is also one of the world’s fastest growing countries. The UAE’s oil reserves are the seventh-largest in the worlld while its natural gas reserves are the world’s seventeenth-largest. The late Sheikh Zayed, ruler of Abu Dhabi and the first President of the UAE, oversaw the development of the Emirates and steered oil revenues into healthcare, education and infrastructure. The UAE’s economy is the most diversified in the Gulf Cooperation Council, with its most populous city of Dubai emerging into a global city and international aviation hub. Nevertheless, the country remains extremely reliant on its export of petroleum and natural gas.
RESEARCH
Economic Overview
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UNITED ARAB EMIRATES – UAE
http://www.gulfbase.com/gcc/index/2
Abu Dhabi and Dubai, the largest and the wealthiest two Emirates, dominate the UAE economy. It is a rich and open economy with a high per capita income and a sizable annual trade surplus.
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United Arab Emirates’s Economic Overview
https://www.msc.com/usa/country-guides/united-arab-emirates/economic-overview
Economic diversification in recent years has reduced the portion of GDP based on oil and gas to 25%.
Industry Trends & Business Climate
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Improving the desert climate | The Economist
http://www.economist.com/news/business/21600986-draft-companies-law-emirates-bit-disappointing-improving-desert-climate
Econoist artlice on the UAE business climate
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Doing Business in United Arab Emirates
http://www.doingbusiness.org/data/exploreeconomies/united-arab-emirates
Ranking of key business barameters for the UAE
Establishing a Presence
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Doing Business in the United Arab Emirates
https://www.lw.com/upload/pubContent/_pdf/pub2783_1.PDF
See “Incorporating a Local Entity” on this site
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Starting a Business in United Arab Emirate
http://www.doingbusiness.org/data/exploreeconomies/united-arab-emirates/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in United Arab Emirates
Taxes
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United Arab Emirates Corporate – Taxes
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/United-Arab-Emirates-Corporate-Taxes-on-corporate-income
Under the Emirate-based tax decrees, CIT may be imposed on all companies (including branches and permanent establishments [PEs]) at rates of up to 55%. However, in practice, CIT is currently only enforced in respect of corporate entities engaged in the production of oil and gas or extraction of other natural resources in the United Arab Emirates.
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United Arab Emirates Personal Income Tax Rate 2006-2016
http://www.tradingeconomics.com/united-arab-emirates/personal-income-tax-rate
The Personal Income Tax Rate in the United Arab Emirates stands at 0 percent.
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Dubai, UAE – VAT – rate, regulation, refund
http://alliance-dubai.net/our-services/dubai-business-news-newsletter/newsletter-november-2014/dubai-uae-vat-rate-regulation-refund-vat-certificate/
What exists in the United Arab Emirates – a marginal customs duty on goods imported into the main territory averaging 5%.
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United Arab Emirates Corporate Tax Rate | 2003-2016
http://www.tradingeconomics.com/united-arab-emirates/corporate-tax-rate
The Corporate Tax Rate in the United Arab Emirates stands at 55 percent. Corporate Tax Rate in the United Arab Emirates averaged 52.69 percent from 2003 until 2015, reaching an all time high of 55 percent in 2005 and a record low of 40 percent in 2004. Corporate Tax Rate in the United Arab Emirates is reported by the Ministry of Finance, United Arab Emirates.
Visas
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United Arab Emirates Visa and Passport Requirements
http://www.worldtravelguide.net/united-arab-emirates/passport-visa
Visit visa on arrival (for eligible nationals only): free. Short visit visa (for those not eligible for the visa on arrival): £100. A sponsor (eg travel agency, hotel, company or individual) must apply for this on your behalf and you must collect it on arrival at the airport.
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UAE Visas | Visa & Passport Information
http://www.emirates.com/english/plan_book/essential_information/visa_passport_information/uae_visas.aspx
Before you travel to the UAE, please check your visa requirements and make sure you have a valid visa if needed. Holders of non-standard passports and travel documents may also have different entry requirements
Infrastructure
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Best United Arab Emirates Transportation on VirtualTourist
http://www.virtualtourist.com/travel/Middle_East/United_Arab_Emirates/Transportation-United_Arab_Emirates-TG-C-1.html
68 tips on getting to and getting around United Arab Emirates from real travelers and locals.
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Telecommunications in the United Arab Emirates
https://en.wikipedia.org/wiki/Telecommunications_in_the_United_Arab_Emirates
A summary of the telecom market and major suppliers
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Telecom – United Arab Emirates telecommunications
http://country.eiu.com/Industry.aspx?Country=United%20Arab%20Emirates&topic=Industry&subtopic=Telecommunications
Recent news on the UAE telecom market
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Getting around United Arab Emirates
http://www.lonelyplanet.com/united-arab-emirates/transport/getting-around/local-transport
Taxis are cheap, metered and ubiquitous and – given the dearth of public transportation in some emirates – often the only way of getting around.
Employer Obligations
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United Arab Emirates : Labour Law In The UAE
http://www.mondaq.com/x/162800/Employee+Rights/Know+Your+Labor+Rights
This site discusses briefly the important aspects of Labour Law in the UAE.
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UAE Labor Law
http://uaelaborlaw.com/
According to Article 3 of the Law, the Law applies to all staff and employees working in the UAE, whether UAE nationals or expatriates. However, there are certain categories of individuals who are exempted from the Law
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Labor Market Regulation in United Arab Emirates
http://www.doingbusiness.org/data/exploreeconomies/united-arab-emirates/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in United Arab Emirates.
Culture/Living
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Cost of Living in United Arab Emirates
http://www.numbeo.com/cost-of-living/country_result.jsp?country=United+Arab+Emirates
Average prices of more than 40 products and services in United Arab Emirates. Prices of restaurants, food, transportation, utilities and housing are included.
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Cost of Living in United Arab Emirates. 2016
https://www.expatistan.com/cost-of-living/country/united-arab-emirates
Cost of Living map for the UAE
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Climate – United Arab Emirates Climate Guide
http://www.weather2travel.com/climate-guides/united-arab-emirates/
Monthly weather averages give the best indication of what the weather is usually like for every month of the year including figures for temperature, rainfall and sunshine.
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Safety – United Arab Emirates – Bureau of Consular Affairs
http://travel.state.gov/content/passports/en/country/united-arab-emirates.html
See “Safety and Security” on this site
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Safety – United Arab Emirates travel advice
https://www.gov.uk/foreign-travel-advice/united-arab-emirates
Travel advice for the UAE from the UK government
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Education – United Arab Emirates Education System
http://www.classbase.com/Countries/United-Arab-Emirates/Education-System
Education continues to be a top priority in the United Arab Emirates, and the Abu Dhabi Education Council is continuing to make great strides.
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Education – United Arab Emirates (UAE) – Education and Schools
http://www.expatfocus.com/expatriate-uae-education-schools
There are numerous private schools for expatriate children throughout the United Arab Emirates although they can be oversubscribed so it is wise to apply as soon as possible.
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Business Etiquette Around the World: United Arab Emirates
http://www.oncallinternational.com/blog/business-etiquette-around-world-united-arab-emirates/
Dos and don’ts of business etiquette in the UAE
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Business Culture & Etiquette Guid
http://www.globalnegotiator.com/files/Business-Culture-Etiquette-Guide-United-Arab-Emirates.pdf
See “Etiquette” on this site
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Climate – United Arab Emirates Weather, Climate and Geography
http://www.worldtravelguide.net/united-arab-emirates/weather-climate-geography
United Arab Emirates climate guide, regional weather guide and geography information.
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Demographics of the United Arab Emirates
https://en.wikipedia.org/wiki/Demographics_of_the_United_Arab_Emirates
This site discusses the demographic features of the population of the United Arab Emirates, including population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects of the population.
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Holidays in United Arab Emirates in 2016
http://www.timeanddate.com/holidays/united-arab-emirates/
National, season holidays and observances
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Holidays in United Arab Emirates in 2016
http://www.officeholidays.com/countries/uae/index.php
A listing of public holidays
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Demographics – The demographic Profile
http://www.escwa.org.lb/popin/members/uae.pdf
The demographic Profile of the United Arab Emirates
Trade
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Customs: Regulations, Export-Import
https://united-arab-emirates.visahq.com/customs/
United Arab Emirates Customs regulations and procedures for importing and exportinggoods at border.
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Customs Rules & Regulations United Arab Emirates
http://moving.gac.com/Uploads/Documents/Sep%202013%20-%20Approved%20CRR%20UAE_20130905_151029.pdf
Import guidelines that includes description of goods and required documentation
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WTO | United Arab Emirates
https://www.wto.org/english/thewto_e/countries_e/united_arab_emirates_e.htm
This site provides key information on the United Arab Emirates’ participation in the WTO. The United Arab Emirates has been a member of WTO since 10 April 1996 and a member of GATT since 8 March 1994.
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United Arab Emirates – International Trade Centre
http://www.intracen.org/country/united-arab-emirates/
During the last decade, the UAE’s authorities focused on reducing the country dependency on oil exports by diversifying the economy, creating booming business, tourism and construction sectors. – See more at: http://www.intracen.org/country/united-arab-emirates/#sthash.cdlZpigW.dpuf
Housing and Rentals
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Housing in the United Arab Emirates
http://www.expat.com/en/housing/middle-east/united-arab-emirates/
Buy or sell a property, rent a house or a flat
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United Arab Emirates Hostels and Budget Hotels
Housing in the United Arab Emirates
Online hotel reservations for United Arab Emirates
Travel
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Taiwan Tourism: Best of Taiwan – TripAdvisor
http://www.tripadvisor.com/Tourism-g293910-Taiwan-Vacations.html
TripAdvisor has 299,507 reviews of Taiwan Hotels, Attractions, and Restaurants making it your best Taiwan resource
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Taiwan – Lonely Planet
http://www.lonelyplanet.com/taiwan
With its all-around adventure landscape, heritage-rich capital, diverse folk traditions and feted night market scene, Taiwan offers a continent-sized travel list for one green island.
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