Location
It is located in the Middle East at the tip of the Arabian Peninsula between 22° 50 and 26° north latitude and between 51° and 56° 25 east longitude (23 49 N, 54 20 E). It is one of the GCC (Gulf Co-opertion Council) states and has borders with Saudi Arabia and Oman. It occupies a total of about 83,600 square kilometers (32,400 square miles) and contains 200 islands.
Currency
The currency used in the United Arab Emirates (U.A.E) is called the Dirham and is abbreviated as Dh, Dhs or AED. The sub unit of a Dirham is a fil and 100 fils are equivalent to 1 Dirham. The Dirham is tied to the US Dollar at a steady exchange rate of US$ 1=AED 3.671 though banks, hotels, and airports normally exchange it at 3.65
Weather
In the summer (April - September), temperatures in the UAE will vary between 38-48°C (100-118°F) in the daytime while at night it will vary between 26-30°C (79-86°F) with high humidity levels. In the winter ( October - March), the days are sunny and pleasant with an average of 26°C (79°F), while nights are cool with an average of 15°C (59°F)
Holidays
- UAE National Day (2nd December)
- Eid Al Adha and Eid Al Fitr (dates vary each year)
- Islamic New Year (date varies each year)
- New Year's Day (1st January)
Advantages of doing business in the U.A.E
- No foreign exchange controls or trade barriers
- 100% repatriation of capital and profits
- World class Infrastructure
- Straightforward legal framework for companies
- Sohphisticated Banking and Financial services sector
- Competitive import duties(with many duty exemptions)
Required costing guidelines for business setup in UAE ? Click Here
|
