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The United Arab Emirates Federal Customs Authority is an Emirati governmental authority concerned with drawing customs policy in cooperation with customs administrations, preparing unified legislation to regulate customs work, and supervising implementation of it by customs administrations and related government authorities, and protecting the State from revenue fraud and smuggling operations ...
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.
It is an essential document for accessing government services, legal processes, and other key functions within the country. Managed by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Emirates ID card plays a critical role in verifying an individual’s identity and facilitating transactions in both the ...
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]
In 2012, the DMCC launched its own financial products, such as the Dubai Commodity Asset Management (DCAM), Dubai Shariah Asset Management (DSAM), DMCC Tradeflow, [9] and Dubai Gold & Commodities Exchange (DGCX). [10] In 2018, the DMCC launched the Middle East's first Google for Entrepreneurs Global Tech Hub with AstroLabs Dubai. [11]
Politics of the United Arab Emirates take place in a framework of a federal presidential elective constitutional monarchy [1] (a federation of absolute monarchies). [2] The United Arab Emirates (UAE) is a federation of seven constituent monarchies: the Emirates of Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain.
The UAE federal government was formed on 2 December 1971, when the rulers of five emirates, formerly part of the Trucial States established the United Arab Emirates.The Constitution established the federal government and outlined its mandates and jurisdictions in Article 120 and Article 121.