Approaches and developments
The United Arab Emirates ("UAE")
continues to maintain its position as the leader in financial
technology ("FinTech") in the Middle
East. This position is maintained with the help of supportive
governmental policies and most importantly, by the implementation
of attractive programmes, both onshore and in free zones. The UAE
consists of onshore and financial free zone jurisdictions, to which
different legal frameworks apply. There are currently two financial
free zones in the UAE: the Dubai International Financial Centre
(the "DIFC"); and the Abu Dhabi Global
Market (the "ADGM").
The UAE attracts many investors who choose to conduct their
business here for many reasons, including:
