We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

UAE Free Trade Zones - Research Paper Example

Comments (0)
UAE Free Trade Zones (Author’s name) (Institutional Affiliation) Introduction Free Trade Zone is not a novel conception. It is in any case as old as civilizations of the West, having subsisted in 300 BC in the Delos a Greek island, which thus turned into one of the richest islands in the planet for almost a century…
Download full paper
UAE Free Trade Zones
Read TextPreview

Extract of sample
UAE Free Trade Zones

Download file to see previous pages... They advance fiscal improvement by drawing investment and creating employment and overseas exchange income. Without a doubt, the zone conception is so dominant, that to a greater extent nations are distinguishing a novel exemplar of Free Zones. Whilst the old Free Zone was time and again illustrated as stationary, labor-demanding, motivation driven, the novel zone model is a dynamic investment demanding, one that is administration driven, facilitating an incorporated fiscal development device. In the UAE, the initial Free Zone at Jebel Ali came into being in 1985 and made available intercontinental businesses and firms a focus, which linked the East and the West and stretched out the prospects of their maneuvers (UAE Government, 2008). Nowadays there are over 24 Free Zones in the UAE offering first-rate amenities and communications for carrying out business and most significantly are industry detailed in nature. Abu Dhabi Airport Free Zone The Airports Company of Abu Dhabi is setting up Abu Dhabi Airport Free Zone also referred to as ADAFZ. It is a commerce and logistics park, to be functioned as a free zone (UNDP, 2002).With Abu Dhabi having the largest population in the UAE, as shown in the chart below, it becomes suitable for setting up of the Free Trade Zone. Figure 1: UAE population figures by the Emirates Source: http://adafz.ae/images/adafza-brochure.pdf Every justifiable logistics actions apart from banking are permissible in the park, conditional on the observance to the surroundings, health and safety necessities. As the park is located near the suburban region, all actions ought to be friendly to the environment. An investor ought to encompass a let out amenity to acquire the license to work from the park. There are straightforward and proficient measures for handling of cargo and authorization. ADAFZ is working together closely with Ports Company of Abu Dhabi for haulage of commodities from the park. There are no explicit restrictions of labor. However, the visa will be given out founded on the approval of the government. Once the imbursement is completed in conjunction with the obligatory credentials, the registration will take just two days of work. Corporations can let out offices, plots of land or Industry of Light Units founded on accessibility. A corporation can contain multiple amenities (Kemp, 2002). All services are priced as per usage by the confined giver. Numerous business sectors are being persuaded, a number of them being, Logistics, cargo & freight, Aviation & aerospace Electronics, Computers, internet and IT Electrical, Consultancy and business development, medical equipment, Telecom, express transportation, and pharmaceuticals. ADAFZ offers three sorts of commerce licenses; license of trade, license of service and an industrial license (Mustafa, 2002). FTZ1-Positive Contributions to the UAE This trade park provides the clientele with a dynamic overcrowding, an environment that is free. They proffer rapid and proficient clearance cargo services. Entry to the apron of the airport in addition to global shipment forward, and agencies of cargo clearance is readily obtainable. Onsite inspection amenity of cargos is given. ADAFZ offers all inclusive shop resolution for every investor necessities and overhauls (UNDP, 2003). The amenities can be obtained daily with online client support scheme. A variety of services such as commerce registration, certification, letting, member of staff ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Justice System in the UAE
” (Latheef par 1) the profitable center of the Middle East. Every constituent state of Emirates, except for Ras Al Kaimah and Dubai, are part of a federal judicial system and both of them have self-governing judicial systems. In each Emirate, the court system includes the “Court of Appeal, Court of First Instance and Court of Cassation?
20 Pages(5000 words)Research Paper
Free Trade and Industrial Zones in the UAE
Because of this, nearly all countries in the region have economies that solely or primarily rely on the production of crude oil. However, the UAE has distinguished itself from the rest because of its willingness to venture into economic programs that are not based on oil production.
6 Pages(1500 words)Research Paper
Free Trade Zones in UAE and Economic Development
However, the said goods have to be legal goods. Free Trade Zones, abbreviated to FTZ are also known as Foreign-trade zones or exporting Processing zones in some quarters. These zones are usually situated in areas with several advantages to trade like good infrastructure, availability of labor, since they involve a lot of manual laborers and availability of quick and reliable transport.
7 Pages(1750 words)Research Paper
Free Trade Zones in UAE and Economic Development
Duties, tariffs, quotas, excises, subsidies, customs and other such concepts do not exist there and foreign investors have great deal of freedom to start up their business in these areas, often accompanied by tax breaks, less paperwork and few restrictions (Noack, 2007).
7 Pages(1750 words)Research Paper
Free Trade Zones in UAE and Economic Development
Free trade zones were originally created targeting foreign investors so as to promote foreign trade. They are areas where certain special laws do apply with respect to income repatriation, taxation, ownership, recruitment of labor, and value addition. Over the years, free trade zones have become the preferred areas by foreign investors since they offer a cost effective combination of factors of production (Dubai Media City, 2009).
7 Pages(1750 words)Research Paper
Understanding Economic Diversification in the UAE
The paper will also focus on the concept of the economic diversification by identifying ways through which diversity contributes to the economy. Growth of the oil and non-oil sector for a period of ten years will be discussed, in way that facilitates understanding of contribution made by these sectors to the economy of UAE.
7 Pages(1750 words)Research Paper
Economics of the UAE
The imperative natural resources of the UAE are gas and oil that are located mostly in the capital of the nation i.e. Abu Dhabi. Though a significant portion of land area of the
12 Pages(3000 words)Research Paper
Economics of the UAE
Prior to the discovery of oil, 70% of UAE’s populace was involved in pearl collection and fishing, with the rest, or 30% involved in agriculture, handicrafts and construction of wooden boats (Elhiraika and Hamed 2-3). The
14 Pages(3500 words)Research Paper
INDP, Part 2
plays a significant role in controlling the speed and mode of communication among computer systems through a well-designed software package (Garduno & Diaz,2011). This protocol aspect limits chaos and enhances efficiency. In this design, it is important to note the underlying
2 Pages(500 words)Essay
Free Trade
The concept of free trade in the true sense has evolved along with the deeper understanding of economic principles, especially the
3 Pages(750 words)Research Paper
Let us find you another Research Paper on topic UAE Free Trade Zones for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us