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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 ...
Some free zones (including ADGM, JAFZA, DMCC, RAK FTZ) allow for inward re-domiciliation of foreign companies, which means a transfer of a corporate seat of an existing company from abroad to the UAE free zone. [3] There are a few Free Zones in UAE [4] that offer Dual Business License for investors. [5]
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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.
In 2010, the Hamriyah Free Zone Authority (HFZA) commissioned and AED 800 million contract for infrastructure expansion and development. It was set to increase its port capacity by up to 80% upon completion. [5] The free-zone is strategically located on the borders of Ajman and Sharjah, with direct access to Ras Al Khaimah.
Polymer clay is a type of hardenable modeling clay based on the polymer polyvinyl chloride (PVC). It typically contains no clay minerals, but like mineral clay a liquid is added to dry particles until it achieves gel-like working properties. Similarly, the part is put into an oven to harden, hence its colloquial designation as clay. [1]