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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. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions
In 2005, branded halls opened in Okinawa, Japan, launching a new shop-in-shop concept for DFS downtown stores. In 2008, DFS opened its airport store in Abu Dhabi, the capital of the United Arab Emirates, enabling DFS to serve travelers heading from Asia to Europe. DFS opens stores in Macau in the same year.
As part of its plans to achieve economic diversification by 2030, the Abu Dhabi Government drew up plans to launch a multibillion-dollar industrial park and ports operation on a greenfield site in Taweelah (adjacent to the newly built Khalifa Port) which would become the emirate's first industrial free zone offering 100 per cent foreign ownership. [2]
The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.
Abu Dhabi Ports PJSC was established by Emiri Decree in 2006. [5] [6] Through organic growth and partnerships in 2021 AD Ports Group was established bringing together all subsidiaries as an integrated business across five clusters – Digital, Economic Cities & Free Zones, Logistics, Maritime and Ports.
All businesses in the UAE, including exempt, free zone and zero-rate businesses are required to register for federal corporate taxes. [24] Some emirates, including Dubai and Abu Dhabi charge a 20% flat corporate tax on the income of foreign banks based within their emirates. [25]
The airport was first conceived in 1974, in response to the government's plans to modernize the then brand new nation. At the time, Al Bateen Airport (then called Abu Dhabi International Airport) was the main international airport serving the city (Abu Dhabi Airfield was the other old airport).
The air base is the headquarters of the Western Air Command of the United Arab Emirates Air Force.It hosts the UAE Air Force Fighter Wing, comprising the 1st Shaheen Squadron, 2nd Shaheen Squadron, and 3rd Shaheen Squadron which is equipped with the Lockheed Martin F-16E/F Desert Falcon).