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Free-trade zones in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are 26 Free Zones operating in Dubai. FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business ...
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: 100% foreign ownership of the enterprise
Dubai Duty Free (DDF) is the company responsible for duty-free selling operations at Dubai International Airport and Al Maktoum International Airport. [1] Founded in December 1983, DDF recorded first-year sales of US$20 million. In 2023, its 40th anniversary year, sales turnover reached US $2.16 billion, eclipsing pre-pandemic revenues.
Now, months later, the maker of Winston cigarettes and Backwoods cigars said it was seeing a recovery in the market. Imperial sees duty-free cigarette sales recovery as air travel returns Skip to ...
The world's largest airport by duty-free sales is South Korea's Incheon Airport, with US$1.85 billion in 2016, [2] narrowly overtaking Dubai Duty Free with 2016 sales of $1.82 billion. [3] Haikou International Duty-Free City Shopping Complex is the world's biggest stand-alone duty-free store in terms of physical size.
Dubai Duty Free – the company responsible for the duty-free operations at Dubai International Airport. DDF became the largest airport retailer in the world in terms of sales in 2012. [ 6 ] DDF represents over 5% of global duty-free sales, [ 7 ] generating 2014 revenues of $1.91 billion [ 8 ] and 2016 revenues of $1.85 billion. [ 9 ]
The Dubai Multi Commodities Centre (DMCC) is a commodities exchange and free-trade zone in the United Arab Emirates. It is located in the Jumeirah Lake Towers district of Dubai . The DMCC was created in 2002 and deals in four main sectors: precious commodities (e.g., gold, diamonds); energy; steel and metals and agricultural commodities (e.g ...
DAFZ was established in 1996. It came into being as a part of the Dubai government's strategic plan to make Dubai an investment-driven economy. Today, it is one of the fastest-growing and pioneering free zones in the region, contributing to around 4.7 percent of Dubai's gross domestic product) It allows international investors a completely duty-free business setup and execution of services ...