In 1971, Abu Dhabi, ajman, dubai, fujairah, Sharjah and Umm Al Qaiwain formed a federation, creating The UAE as a sovereign state. There are no foreign exchange controls, quotas or trade barriers. Import duties are extremely low, many products are exempt from duties and currently no corporate taxation is levied.
In 1971, Abu Dhabi, ajman, dubai, fujairah, Sharjah and Umm Al Qaiwain formed a federation, creating The UAE as a sovereign state. There are no foreign exchange controls, quotas or trade bar…