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List Of Free Trade Zones In Dubai
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 licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to investors looking to set up their businesses. Background Free zones in Dubai are managed and operated by the relevant authority. For instance, the Jebel Ali Free Zone Authority in Dubai is responsible for managing, operating and supervising the Jebel Ali Free Zone, one of the largest seaport free zones in Dubai. It has a subsidized rate of 32 percen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free-trade Zone
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Definition The World Bank defines free trade zones as "small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations". Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services. Synonyms Free-trade zones are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Multi Commodities Centre
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., tea, cotton). In August 2020, the Investment Corporation of Dubai, a sovereign wealth fund, became the parent company of the autonomous DMCC as part of a major restructuring. History 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. 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 from taxes, customs duties and regulations of the Dubai Municipality. Further regulation were issued on 22 March 2003 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neighbourhoods In The United Arab Emirates
A neighbourhood (Commonwealth English) or neighborhood (American English) is a geographically localized community within a larger town, city, suburb or rural area, sometimes consisting of a single street and the buildings lining it. Neighbourhoods are often social communities with considerable face-to-face interaction among members. Researchers have not agreed on an exact definition, but the following may serve as a starting point: "Neighbourhood is generally defined spatially as a specific geographic area and functionally as a set of social networks. Neighbourhoods, then, are the spatial units in which face-to-face social interactions occur—the personal settings and situations where residents seek to realise common values, socialise youth, and maintain effective social control." Preindustrial cities In the words of the urban scholar Lewis Mumford, "Neighborhoods, in some annoying, inchoate fashion exist wherever human beings congregate, in permanent family dwellings; and ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geography Of Dubai
Dubai is situated on the Persian Gulf coast of the United Arab Emirates and is roughly at sea level ( above). The emirate of Dubai shares borders with Abu Dhabi in the south, Sharjah in the northeast, and the Sultanate of Oman in the . Hatta, a minor exclave of the emirate, is surrounded on three sides by Oman and by the emirates of Ajman (in the west) and Ras Al Khaimah (in the north). The Persian Gulf borders the western coast of the emirate. Dubai is positioned at and covers an area of , which represents a significant expansion beyond its initial designation due to land reclamation from the sea. Dubai lies directly within the Arabian Desert. However, the topography of Dubai is significantly different from that of the southern portion of the UAE in that much of Dubai's landscape is highlighted by sandy desert patterns, while gravel deserts dominate much of the southern region of the country. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Dubai
The economy of Dubai’s gross domestic product of the calendar year 2023 as of January 2024 is AED 429 billion ($USD 116.779 billion). Dubai has substantially transformed over the last couple of decades. More than 90% of the population are foreigners. The International Herald Tribune described it as "planned free-market capitalism". Oil production, which once accounted for 50% of Dubai's gross domestic product, contributes less than 1% today. In 2018, wholesale and retail trade represented 26% of the total GDP; transport and logistics, 12%; banking, insurance activities and capital markets, 10%; manufacturing, 9%; real estate, 7%; construction, 6%; tourism, 5%. Dubai became important ports of call for Western manufacturers. Most of the new city's banking and financial centres were headquartered in the port area. Dubai maintained its importance as a trade route through the 1970s and 1980s. The city of Dubai has a free trade in gold and until the 1990s was the hub of a "brisk smu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Financial Districts
A financial district is usually a central area in a city where financial services firms such as banks, insurance companies, and other related finance corporations have their headquarters offices. In major cities, financial districts often host skyscrapers and other buildings of architectural importance and are called financial centres; such major centres also include important financial utilities such as stock exchanges and the offices of the main financial regulatory authorities. {{TOC 80 List Notable financial districts around the world include the following: Africa Algeria *Algiers (الجزائر): Bab Ezzouar (باب الزوار) Belouizdad, Algiers (بلوزداد) Hydra, Algiers (حيدرة) Kenya * Nairobi: Upper Hill Nigeria * Lagos: Lagos Island, Marina Lagos is a financial district. Mauritius *Port Louis: Place D'armes Place D’ armes is financial district in Port Louis Morocco *Casablanca (الدار البيضاء): Anfa (أنفا), Maârif (ا ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Company Registers
This is a list of official business registers around the world. There are many types of official business registers, usually maintained for various purposes by a state authority, such as a government agency, or a court of law. In some cases, it may also be devolved to self-governing bodies, either commercial (a chamber of commerce) or professional (a regulatory college); or to a dedicated, highly regulated company (i.e., operator of a stock exchange, a multilateral trading facility, a central securities depository or an alternative trading system). The following is an incomplete list of official business registers by country. Types of registers A business register may include data on entities, as well as on their status for various purposes. Examples of such registers include: * company register — a register of legal entities in the jurisdiction they operate under, for the purpose of establishing, dissolving, acquisition of legal capacity and (in some cases) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Free Trade Zones In UAE
Free-trade zones in the United Arab Emirates are areas that have a special tax, customs and import regime, and are governed by their own framework of regulations (with the exception of UAE criminal law). Background The UAE has a number of free zones across Dubai, 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 * 100% import and export tax exemptions * 100% repatriation of capital and profits * Corporate tax exemptions for up to 50 years * No personal income taxes * Assistance with labor recruitment, and additional support services, such as sponsorship and housing. Each Free Zone is designed around one or more strict industry categories. An independent Free Zone Authority (FZA) governs each free zone, and is the agency responsible for issuing FTZ operating licenses and assisting ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meydan Free Zone
Dubai Meydan City is a new development under construction in the Ras Al Khor area of Dubai, UAE. The project was master planned by Teo A. Khing Design Consultants (TAK) who also master planned the Meydan Racecourse . It was launched on the eve of the 2007 Dubai World Cup. The entire development will cover more than GFA (gross floor area) on a land size of around . It is expected to be completed in 2020, while Meydan Racecourse officially opened on 27 March 2010. The development includes hotels, sky-bubble restaurant, entertainment, clubs, a concourse plaza, IMAX movie theater, towers and a boat-house. Attractions Meydan Racecourse Meydan Racecourse is able to accommodate over 60,000 spectators in a 1 mile long grandstand. When not used for races it will serve as a business and conference integrated facility. A horse racing museum and gallery are also planned. The development also includes a 9-hole golf course. The Meydan Racecourse includes Meydan Marina, The Meydan t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Humanitarian City
International Humanitarian City (IHC) is a hub for humanitarian emergency preparedness and response in Dubai, United Arab Emirates. Founded in 2003 by the ruler of Dubai, Mohammed bin Rashid Al Maktoum, IHC is a UAE free zone.Ghassan Elkahlout & Sansom MiltonThe evolution of the Gulf states as humanitarian donors ''Third World Quarterly'' (2023). History Founded in 2003 as Dubai Humanitarian City, it later merged with Dubai Aid City to form IHC.IHC at a Glance International Humanitarian City (last accessed December 25, 2023). It is part of the Emirati government's Mohamme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai World Trade Centre
The Dubai World Trade Centre (DWTC) () is a convention and exhibition centre in Dubai, United Arab Emirates. History The Dubai World Trade Centre was originally a single tower, constructed in 1979, and has since been expanded into a business district built around an exhibition centre complex. Originally named the Sheikh Rashid Tower and designed by John R. Harris and Partners (JRHP), the tower was inaugurated by Queen Elizabeth II on February 26, 1979. Subsequent expansions included the inauguration of Halls 1 and 2 of the Dubai International Convention and Exhibition Centre (DICEC) in 1988, followed by Hall 3. In 1996, Halls 4–8 expanded DWTC's exhibition space by approximately 27,870 square meters. In 2003, a major expansion saw the complex renamed the Dubai International Convention Exhibition Centre, along with a concourse connecting Halls 1 and 2, the Convention Tower, Novotel, and Ibis Hotels. In 2009, a further expansion took the total exhibition floorspace to 92,900 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
