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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 ...
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 ...
In 2012, the UAE Cabinet made it "compulsory for corporations and government agencies to include women on their boards of directors." [3] DWE has also produced a manual on how to set up child care facilities for the work place and by 2015, Dubai Customs and the Dubai Electricity and Water Authority have set up child care for their working ...
The Dubai Diamond Exchange (DDE) was established in 2004 to facilitate the development of the diamond and coloured gems market. [6] Dubai ranks third behind Antwerp and Mumbai in the leading global diamond hubs in terms of trade, growing from $300 million (Dh1.10 billion) in trade in 2002 to $26 billion in 2016. [7]
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. [34] [35]
Financial Transactions: Many financial institutions in the UAE require the Emirates ID for opening bank accounts, applying for loans, and other transactions. Travel: UAE citizens can use the card for travel within the Gulf Cooperation Council (GCC) countries. Voting: Eligible citizens use the Emirates ID to vote in Federal National Council ...
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Jebel Ali port is located 35 km southwest of Dubai, in the Persian Gulf.The port is part of the Maritime Silk Road that runs from the Chinese coast to the south via the southern tip of India to Mombasa, from there through the Red Sea via the Suez Canal to the Mediterranean, there to the Upper Adriatic region to the northern Italian hub of Trieste with its rail connections to Central Europe ...