Fiber-reinforced polymer (FRP) composites do not only possess superior mechanical properties, but can also be easy to tailor, install, and maintain. As such, FRPs offer novel and attractive solutions to facilitate strengthening and/or retrofitting of aging, weakened, and upgraded structures. Despite the availability of general code provisions, the design and analysis of FRP-strengthened concrete structures is both tedious and complex—especially in scenarios associated with unique loading conditions. As such, designers often leverage advanced finite element (FE) simulation as a mean to understand and predict the performance of FRP-strengthened structures. In order to narrow this knowledge gap, this paper details suitable strategy for developing and carrying out advanced FE simulations on FRP-strengthened concrete structures. The paper also covers techniques related to simulating adhesives (bonding agents), material constitutive properties and plasticity (cracking/crushing of concrete, yielding of steel reinforcement, and delamination of FRP laminates), as well as different material types of FRP (CFRP, GFRP, and their hybrid combinations), and FRP strengthening systems (sheets, plates, NSM, and rods) under various loading conditions including ambient, earthquake, and fire. The principles, thumb rules, and findings of this work can be of interest to researchers, practitioners, and students.