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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; 100% repatriation of capital and profits; Corporate tax exemptions for up to 50 years
Sharjah International Airport is home base of the low-cost carrier Air Arabia. The headquarters of Air Arabia is in the Sharjah Freight Center, [6] on the property of the airport [7] in Sharjah, UAE. [6] The center is an old cargo terminal. It replaced RAF Sharjah, which was closer to the city and was opened in 1932.
The company holds the exclusive right to the retail sale of duty-free goods in Greece. Duty Free Philippines – founded in 1987, it is a government-owned company that sells taxed and duty-free goods. They operate several shops in the Philippines' major airports, and have a dedicated shopping mall located nearby the country's main airport in ...
Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.
Sharjah has two main free trade zones: the seaport and free trade zone of Hamriyah and the Sharjah Airport International Free Trade Zone (SAIF Zone). The Hamriyah Free Zone Authority was established by an Emiri decree issued on 12 November 1995 and consists of a port and associated logistics and trade facilities. [32]
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.
Airport name IATA [1] Location Emirate ICAO [2] Coordinates; Zayed International Airport [2]: AUH Abu Dhabi: Abu Dhabi: OMAA Al Bateen Executive Airport [2]: AZI Abu Dhabi
The Sharjah Executive Council of the Emirate of Sharjah, the supreme executive authority of the Emirate, It was established in October 1999 with the objective of assisting the Ruler in the discharge of his duties. To exercise his powers, formulate the general policy of the Emirate and implement its development It plans to raise social and ...