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Glossary

Business:
  • Free Zone (FZ) - A special economic area with tax exemptions and streamlined regulations for foreign businesses.
  • Trade License - A government-issued permit allowing a company to operate legally within the UAE.
  • UAE Dirham (AED) - The UAE’s national currency, pegged to the US Dollar (1 USD ≈ 3.67 AED).
UAE Banking Terms:
  • Capital Repatriation - The right to freely transfer profits and investments out of the UAE without restrictions.
  • Title Deed - A legal document proving ownership of real estate in the UAE.