The United Arab Emirates has the second largest economy in the GCC (after Saudi Arabia), with a gross domestic product (GDP) $421.142 billion (in 2020). Since its independence in 1971, UAE’s economy has grown by nearly 231 times and the non-oil trade has grown by around 28 times. UAE is ranked 16th in the world’s best nations for doing business based on its economy and regulatory environment, ranked by the Doing Business 2020 Report published by the World Bank Group.

Since a few decades, UAE has taken the benefit of its location and due to its openness and vision of their rulers attracted the expertise in the most relevant areas of business. Today UAE is a relevant hub for business, where entrepreneurs and companies enjoy the importance of the region for their growth.

The fast growth of the country helped by its safety and modernity has contributed to the setup of the most relevant players in the industries as Finance, Trading, Consultancy and Technology.

To be present in UAE is more than a relevant action to those who desire to expand their business and access world wider network of contacts and relations. BTA has chosen UAE for all the benefits it offers, for the strength of the local economy and as a gate way to MENASA region. The MENASA region is projected to have a GDP around $12.8trn by 2023, has 23% of the world’s population where 50% is under 25 years old, 45% of global oil reserves and 28% of global natural gas reserves.

Dubai, connects the world, reaching 1/3 of the world population in a 4-hour flight radius and 2/3 of the world population with an 8-hour flight radius. Dubai Airport is the world’s busiest airport by international passenger traffic, and as of January 2016, there are over 7,700 weekly flights operated by 140 airlines to over 270 destinations across all six inhabited continents.

Our firm is based in the Dubai International Financial Centre (DIFC), a renowned international financial hub, providing unmatched financial infrastructure.

It is regulated by the Dubai Financial Services Authority (DFSA), under the Framework of the English Common Law.

The Dubai International Financial Centre (DIFC) is a purpose-built financial free-zone, which is located within the Emirate of Dubai in UAE. It was established in 2004 under the Federal Law and it is consistently recognized as the leading financial centre in the Middle East, Africa, and South Asia region. DIFC has been ranked 10th in “The Banker” (part of the Financial Times Group) magazine’s annual International Financial Centre (IFC) rankings, placing it alongside hubs such as London, New York, Hong Kong and Singapore.

With its own independent, internationally recognised regulator (DFSA) and judicial system, English Common Law framework, global financial exchange, tax-friendly regime, and a large, cosmopolitan business community, it is a leading international financial centre, providing a stable, mature and secure base for financial institutions to develop their wholesale businesses.

The district houses hundreds of financial institutions, including wealth funds and private investors, but it also hosts multinationals, retail outlets, cafés, restaurants, residential spaces, public green spaces, hotels, and art galleries. Currently has more than 1000 registered companies, which includes top 30 banks, top 20 money managers, top 10 insurance companies and a position on top of the Global Financial Centre.

Located midway between the global financial centres of London in the west and Singapore in the east, DIFC fills a vital time-zone gap with a workday that bridges the market and business hours of financial centres in both Asia and North America.

DIFC and DFSA