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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 ...
04 Dubai; 05 mobile number; 06 Sharjah, Ajman and Umm al-Quwain; 07 Ras Al Khaimah; 08 Western Region (Liwa, etc.) 09 Fujairah; Mobile numbers begin with: 050 cell phones ; 052 cell phones ; 053 cell phones (Virgin Mobile) 054 cell phones (Recently released for public use.) 055 cell phones ; 056 cell phones
It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted ...
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.
On the 1 May 2002, Crown Prince Mohammed bin Rashid Al Maktoum issued a royal decree to establish the Dubai Multi Commodities Centre (DMCC) as a center for commodities trading. [5] Further regulations were issued through decrees that clarified the DMCC's status as an independent authority and exempted companies operating in the free-trade zone ...
The UAE charges a flat 5% customs duty on the value of goods, freight, and insurance (CIF) for most goods. 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.
On February 24, 2003, Law 3 of 2003 (Law, Law) (in Arabic). 24 February 2003. was issued by the ruler of Dubai establishing the Dubai Executive Council as a legislative council to support the ruler of Dubai in his duties and exercising some of his responsibilities, with the head of the council and the deputies to be appointed by the ruler and ...