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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
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 ...
It replaced RAF Sharjah, which was closer to the city and was opened in 1932. It was the first airport in UAE and the Cooperation Council for the Arab States of the Gulf, for use by Imperial Airways, and was subsequently used by the RAF until 14 December 1971. [8] The reason for the move was development pressure from the city of Sharjah.
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]
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.
Airport name IATA [1] Location Emirate ICAO [2] Coordinates; Zayed International Airport [2] AUH Abu Dhabi: ... Sharjah International Airport [2] SHJ Sharjah:
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
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 ...