Business Corruption in the United Arab Emirates
Companies investing in the United Arab Emirates do not consider corruption to represent a significant obstacle to business. The UAE is considered the least corrupt country in the Arab world. However, foreign companies must rely on local sponsorship if they want to succeed in their business, and ruling families' involvement in the economy creates an uneven playing field. The UAE Penal Code criminalises active and passive bribery, embezzlement and abuse of functions. Anti-corruption and anti-fraud legislation is effectively enforced, and practices of bribery and petty corruption are uncommon. Gifts and hospitality are regulated under UAE's anti-corruption framework, but no law specifically addresses facilitation payments. It must be noted that information on business and political corruption in the United Arab Emirates is scarce, making an accurate estimation of the extent of corruption difficult.
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