Running a Business and Its Restrictions in the United Arab Emirates

Abstract

Conducting business activity in Muslim countries still raises a lot of controversy in the Western World, which sometimes does not understand the principles of functioning of those economies, and sometimes does not want to understand, although some of them, for example Emirate of Dubai, are considered as a model of development, not only in the Islamic world. The concept of freedom of economic activity should be viewed in a multidimensional way, not only in the context of a given country, but often in the context of the whole region and even the world. Investors, after the crisis, have become more picky and are looking for the best places to do the run a business. An important element is the presentation of the policy of openness to foreign investors by efficient and quick adaptation of the regulations to market requirements. The legal system that is flexible and forgiving for business is the basis of business security for years. The United Arab Emirates is trying to allow foreign investors to run a business in a very wide range.