Incentivising manufacturing: The customs duty implications for manufacturing entities in Dubai
Type
E-journal
Date
18 Mar 2016
Jurisdiction
Dubai
Taxonomy
Customs & Excise Duties
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
On the back of the UAE government's official policy of economic diversification, attracting manufacturers and incentivising manufacturing activity in the UAE is a core focus.
This article seeks to provide a high level outline of the current customs implications applicable to manufacturing entities in Dubai's mainland and free zone jurisdictions.
Customs Regime Applicable in the UAE's Mainland Jurisdiction
A limited liability company (“LLC”) incorporated in the UAE's mainland jurisdiction, under the commercial companies law, Federal Law No.8 of 1984, is required to be owned at least 51% by UAE natural person or a corporate entity which is wholly owned by UAE nationals. The new federal commercial companies law, expected to come into force in mid-July 2015, maintains this requirement.
Importing into the UAE