Morgan Lewis recently assisted the U.S.-U.A.E. Business Council, of which Morgan Lewis is a founding member, to update its guide to doing business in the United Arab Emirates (UAE).
The release of the guide coincides with upcoming events in the UAE beginning on October 1, 2021 with Expo 2020, which will run until March 31, 2022; the golden jubilee on December 2, 2021, which marks the nation’s 50th anniversary; and the recently announced plans to institute 50 new economic initiatives, known as the “Projects of the 50,” to advance economic competitiveness and boost foreign direct investment.
The guide highlights reforms and their implications for US companies interested in launching or expanding operations in the UAE. In particular, it examines changes to the following:
This guide also addresses some of the major political and strategic measures the UAE has taken in the last year that will support its business climate, such as the following: