Tentmaker Reports

United Arab Emirates Report

Entrepreneurial Missions Index

50.1

General Information

Population

7,511,690 (90th most populous country in the world)

RELIGIONS
Muslim96%
Other4%
LANGUAGES
Arabic
Persian
English
Hindi
Urdu

Industries

Petroleum and petrochemicals, fishing, aluminum, cement, fertilizers, commercial ship repair, construction materials, some boat building, handicrafts, textiles

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about United Arab Emirates, visit https://www.cia.gov/library/publications/the-world-factbook/geos/ae.html.

Business Information

The World Bank ranks United Arab Emirates as 0 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in United Arab Emirates.

In order to start a business in United Arab Emirates, one must follow these procedures:

  1. Submit the company registration application and the proposed company name to the Department of Economic Development (DED)
  2. Notarize the company’s Memorandum of Association in DED
  3. File company documents with the Department for Economic Development (DED) and obtain trade license
  4. Register with the Dubai Chamber of Commerce and Industry
  5. Make a name board
  6. Apply for establishment card at the Ministry of Labor
  7. Register native workers with the Ministry of Labor
  8. Register native workers with the General Authority for Pension and Social Security

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in United Arab Emirates, visit http://www.doingbusiness.org/.

 

To learn more...

 

United Arab Emirates Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.† It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.† The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.† The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

United Arab Emirates Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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