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United Arab Emirates

The ISO code of United Arab Emirates is AE according to ISO 3166 standard. The local name of the country is Al Imarat al Arabiyah al Muttahidah. Abu Dhabi is the capital city of United Arab Emirates. The official language of United Arab Emirates is Arabic. On 2 December 1971, United Arab Emirates emerged as a sovereign political entity. The largest cities in United Arab Emirates are Abu Dhabi, Dubai.

United Arab Emirates is located in the UTC +04:00 time zone, which is also called Gulf Standard Time or GST. The internet country code top-level domain (ccTLD) for United Arab Emirates is .ae. Other domains assigned to United Arab Emirates are امارات.. The International dialing code for United Arab Emirates is +971. People in United Arab Emirates drive on the right side of the road. Total land area of United Arab Emirates is 83 600 km2. United Arab Emirates is not a landlocked country.

United Arab Emirates is located in the western part of Asia. United Arab Emirates is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently United Arab Emirates faces various issues including lack of natural freshwater resources compensated by desalination plants, desertification, beach pollution from oil spills.

Doing business in United Arab Emirates

We offer various corporate services in United Arab Emirates jurisdiction. These services can serve both, people coming from United Arab Emirates and foreigners. If you plan on doing business in United Arab Emirates you might be interested in contacting us.

To find out about starting your business in United Arab Emirates click on company formation in United Arab Emirates.

To find out how to open a bank account in United Arab Emirates and moreover what type of account Confidus Solutions suggests to create, please click on bank account in United Arab Emirates.

Choose preferred service below or continue reading to find out more about United Arab Emirates.

Company formation Bank account (Corporate) Available banks Bank account (Private)

Demographics of United Arab Emirates

The total population of United Arab Emirates is 9 157 000 people. In United Arab Emirates, the population density is 99 people per square kilometer (258 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is divided according to a fractionalization scale which for United Arab Emirates is 0.6252. United Arab Emirates has 7 826 981 million foreign immigrants. The median age is approximately 30.3 years. In United Arab Emirates, 85 in every 100 people use internet. United Arab Emirates has a Human Development Index (HDI) of 0.827.

The main religion of United Arab Emirates is Islam. United Arab Emirates is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of United Arab Emirates.

Culture of United Arab Emirates

People in United Arab Emirates speak Arabic language. According to data on inbound tourists in United Arab Emirates, 7 126 000 tourists arrive in the country each year. The first McDonalds in United Arab Emirates was opened on 21 December 1994 One of the most popular national dishes of United Arab Emirates is makbus. To read more click on culture of United Arab Emirates.

Geography of United Arab Emirates

United Arab Emirates is considered a mid-sized nation because of its total area. Its total land area is 83 600 km2 (approx. 32,278 mi2). United Arab Emirates is located in the western part of Asia. Its capital city is Abu Dhabi. United Arab Emirates has 3 neighbouring countries. Its neighbours include Oman, Qatar, Saudi Arabia. Total length of land borders of United Arab Emirates is 867,00 kilometers (~539 miles).

The highest point of United Arab Emirates is unnamed location with its official height being 1910 m (6266 ft). Including land mass and EEZ, the total area of United Arab Emirates is approximately 141 818 km2 (~54,756 mi2). The most notable natural resources found in United Arab Emirates are petroleum, natural gas. To read more click on geography of United Arab Emirates.

Economy of United Arab Emirates

The currency of the country is United Arab Emirates dirham. The symbol used for this currency is د.إ, and it is abbreviated as AED. 4% of population in the country are unemployed. The total number of unemployed people in United Arab Emirates is 393 750. Each year, United Arab Emirates exports around $368.9 billion and imports roughly $249.6 billion. United Arab Emirates has a Human Development Index (HDI) of 0.827. The Global Peace Index (GPI) for United Arab Emirates is 1.805. United Arab Emirates has a government debt of 43% of the country's Gross Domestic Product (GDP), as assessed in 2012. United Arab Emirates is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are petroleum and petrochemicals, fishing, aluminum, cement, fertilizers, commercial ship repair, construction materials, handicrafts, textiles.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in United Arab Emirates is $ 617 138 billion. Each year, consumers spend around $200 387 million. The ratio of consumer spending to GDP in United Arab Emirates is 47%, and the ratio of consumer spending to the world consumer market is 0%. The corporate tax in United Arab Emirates is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. To read more click on economy of United Arab Emirates.

Infrastructure of United Arab Emirates

Infrastructure quality in United Arab Emirates is rated to be at 3.7. In United Arab Emirates, 98% of the population has access to electricity. There are 337 804 internet hosts in United Arab Emirates. United Arab Emirates has 43,00 airports nationwide. The logistics performance index of United Arab Emirates is 3.54. Tracking possibilities for shipments are rated at 3.57. To read more click on infrastructure of United Arab Emirates.

Politics of United Arab Emirates

United Arab Emirates is a federation of 7 hereditary monarchies. With regard to political and civil freedoms, United Arab Emirates is 3. The head of the government is Khalifa bin Zayed Al Nahyan.

According to the World Bank Group, the government effectiveness index of United Arab Emirates is 1.48. In United Arab Emirates, the legislative power is vested in a federal national assembly. The Global Peace Index (GPI) for United Arab Emirates is 1.805. The strength of legal rights index for United Arab Emirates is 2. United Arab Emirates is a member of the United Nations (UN). On 9 December 1971, it joined the UN as a full member state. United Arab Emirates is a member of the World Bank. To read more click on politics of United Arab Emirates.

Environment of United Arab Emirates

United Arab Emirates emits 20.4 metric tons per capita of CO2. 3120,00 km2 of United Arab Emirates's territory is covered in forests, and forest land comprises 4% of all the land in the country. To read more click on environment of United Arab Emirates.

Company formation in United Arab Emirates

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in United Arab Emirates.

When establishing a company in United Arab Emirates, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of United Arab Emirates that will affect the establishment and growth of one's business. Contact us or click on company formation in United Arab Emirates to read additional information when setting up a business.

Bank account opening in United Arab Emirates

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in United Arab Emirates. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in United Arab Emirates, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in United Arab Emirates or contact us.