The United Arab Emirates (UAE) is a federation of 7 Emirates: Dubai, Abu Dhabi, Sharjah, Ajman, Ras al-Khaimah, Fujairah and Umm al-Quwain. In the last few decades, the UAE has become a hub for international trade. Lifestyle, corporate structuring, and infrastructure have made the UAE a corporate business hub and meeting point of the north & west. The UAE is known for its progressive policies and business-friendly milieu. This coupled with the presence of over 50 free zones and a lucrative tax regime attracts extensive foreign investment every year.