The UAE is a federal union of seven emirates composing of Ajman, Umm Al Quwain, Abu Dhabi, Fujairah, Dubai, Ras Al Khaimah and Sharjah. Dubai is one of the world's fastest growing business and financial centres, already ranked on the world's top 50 centres for commerce driving the global economy. A variety of business formations are available depending on the purpose. It's ideal for setting up a foothold in the mena region, structuring international commerce transactions and is second only to London as the destination of choice for HNWIS.