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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 ...
Federal Law No. (1) for the year 2003 A.C. regarding establishment of the Federal Customs Authority (FCA) in the UAE defined the primary Functions and responsibilities of FCA on the basis that it is the authority concerned with drawing customs policy in cooperation with customs administrations, preparing unified legislations to regulate customs work, and supervising implementation of it by ...
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.
The customs duty rate is 50% on CIF of alcohol, and 100% on CIF of cigarettes. VAT is also charged at the standard rate for the imported items. The UAE charges some anti-dumping duties on some products, with some duties as high as 106% for some ceramic imports, including those imported from the GCC Customs Union. [35] [36]
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 ...
Dubai Ports International (DPI) was founded in 1999. [4] Its first project was at Jeddah , Saudi Arabia , collaborating with a local partner on the South Container Terminal (SCT). DPI then began operations at the ports of Djibouti in 2000, Vizag , India in 2002 and Constanța , Romania in 2003. [ 4 ]
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In 2022, the Dubai government has 58 governmental departments under the supervision of the Dubai Executive Council. [6] The Dubai Official Gazette (Arabic: الجريدة الرسمية transl. Al-Ǧarīdaẗ al-rasmiyyaẗ) is the official publication of the Government of Dubai and publishes laws, ordinances and other regulations. [8]