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An FZE is a limited liability company governed by the rules and regulations of the Free Zone in which it is established. Except for acquiring nationality in the UAE, the provisions of the Commercial Companies Law (CCL) do not apply to FZEs, provided that the Free Zones have special provisions regulating such companies.
Haikou International Duty-Free City Shopping Complex, is the world's biggest stand-alone duty-free store in terms of physical size. Located in Haikou, Hainan, China, the buildings have a total area of 280,000 square meters. [1] [2] Aelia Duty Free – a brand of Lagardère Travel Retail. [3] Comturist – a chain of duty-free stores.
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.
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.
In the UAE, free zones offer specific tax benefits for businesses operating within them. Companies in these zones benefit from: Corporate Tax Exemptions: Free zone companies are generally exempt from corporate taxes for a period of 15 to 50 years, which is renewable. This exemption is a significant incentive for businesses looking to establish ...
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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 ...
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