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The UAE is a popular jurisdiction among High net worth individuals for setting up companies trusts and Foundations. Many individuals do not understand the UAE's legal and free zone system, which is essential for setting up the right entity in the right jurisdiction. The UAE consists of seven different Emirates, each functioning like its own state. These include Abu Dhabi, Ajman, Dubai, Fujairah, Ras al Khaimah, Sharjah, and Umm al Quwain. Understanding this system is crucial for setting up entities in the UAE.
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