Two decrees appointing Ahmed bin Saeed as head of the authority, and Al-Zarouni as its chief executive

Mohammed bin Rashid issues a law establishing the Dubai Authority for Integrated Economic Zones

• The free zone at Dubai International Airport is one of the areas under the Dubai Integrated Economic Zones Authority.

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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Ruler of the Emirate of Dubai, issued Law No. (16) of 2021 establishing the "Dubai Authority for Integrated Economic Zones", which enjoys legal personality, financial and administrative independence, and the necessary legal capacity. To undertake the actions and actions that ensure the achievement of its objectives.

His Highness also issued Decree No. (36) of 2021 appointing His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Authority for Integrated Economic Zones, and Decree No. (37) appointing Dr. Mohammed Ahmed Al Zarooni as Executive Chairman of the authority, provided that Law No. (16) will be published. And decrees (36) and (37) for the year 2021 in the Official Gazette, and they are effective as of January 1, 2022.

Law No. (16) of 2021 stipulates that the free zone at Dubai International Airport, Dubai Silicon Oasis, and the lands annexed thereto, and any area or land subject to the authority's supervision by a decision issued by His Highness the Ruler of Dubai, shall be subject to the supervision of the new authority.

Within the boundaries of the integrated economic zones, a free zone and an administrative zone shall be established, whose location, area and boundaries shall be determined by the head of the authority. These zones are subject to the administration and legislative regulation of the Dubai Authority for the integrated economic zones.

Performance Boost

His Highness Sheikh Mohammed bin Rashid Al Maktoum stressed that the establishment of the Dubai Authority for Integrated Economic Zones headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, comes within the framework of enhancing economic performance, by creating new frameworks through which to improve the quality of services provided to business sectors. And investors and traders to higher levels of quality and efficiency of performance, and based on the great role of free zones, and the great achievements they have achieved from their role as a major tributary of the national economy.

His Highness said: "The free zones have achieved a great deal of achievements, and their integration under one umbrella enhances Dubai's global competitiveness and increases the attractiveness of its economic environment to businesses and investors. The private sector is a major partner for us in the fifty-year march, and work continues to find innovative solutions and alternatives that support the success of its business. Our goal is to always make Dubai the first choice for investors from all over the world and a major and effective link to the global trade movement.”

potential and ambitions

His Highness added: "We have great potential, and our ambitions for the future are greater than them, and we are continuing to develop frameworks that ensure upgrading our capabilities to the desired level of efficiency and speed of achievement. Administrative and service integration and raising the level of effective linkage with global markets paves the way for more opportunities for success... and upgrading the efficiency of our cadres." Nationality, completing the transition to the digital environment, strengthening partnership with the private sector, and increasing the elements of attracting global investment, are essential pillars of the economic development process in the next stage.

uniform umbrella

On the importance of the new unified umbrella for free zones in Dubai, His Highness said: “(Dubai Authority for Integrated Economic Zones) includes more than 5,000 international companies, covers more than 20 vital economic sectors, and includes 30,000 employees from all over the world, and its contribution is approximately 5 % of the emirate's gross product...working under one umbrella will help provide the best forms of support and the finest models of services for this great economic community that chose Dubai as a starting point for its business to the region and the world.

global destination

According to the law, the authority aims to raise the status of the emirate as a regional and global destination in the field of investment in all its forms and types.

It also aims to achieve integration between the integrated economic zones, enhance its role in supporting the economy, contribute to the promotion of the emirate as a commercial, industrial, service and professional destination, and attract and attract investments, local and international companies and institutions to make the integrated economic zones their headquarters, as well as enhance the competitiveness of the Emirate of Dubai in the sectors Economic, especially retail trade, technology and modern technologies, Islamic economy, e-commerce, industries and logistics, and shipping, in addition to supporting services for these sectors, supporting small and medium enterprises, and adopting creative ideas and projects.

powers of authority

The law stipulates that the authority shall supervise the integrated economic zones in a manner that enables it to achieve its objectives, and that it shall have a number of powers and tasks, including: the establishment, development and management of infrastructure and administrative services for the integrated economic zones, including sites designated for the establishment of industries of all kinds within these zones. As well as defining the uses of land and real estate within the integrated economic zones, dividing them for various purposes, investing and managing them.

The Dubai Authority for Integrated Economic Zones is also specialized in regulating the procedures for importing goods and storing them in the integrated economic zones, whether with the aim of re-exporting them outside the country, or importing them to local markets.

Exemptions from Restrictions

The law stipulates that without prejudice to the applicable legislation and international agreements and treaties to which the state is a party or a party, the institutions of the Dubai Integrated Economic Zones Authority, licensed institutions operating in the free zone and individuals working in these institutions shall be exempted from any restrictions related to capital transfer. , profits, or wages, in any currency to any party outside the free zone, for a period of 50 years starting from the date of enforcement of this law, and this period may be extended for a similar period by a decision of His Highness the Ruler of Dubai. Nationalization measures or restrictions on private property, for the duration of its operation in the integrated economic zones.

unified database

The law obligates the authority to create a unified database for the integrated economic zones, which includes all information related to these zones and the areas of investment available in them, and the licensed institutions, provided that these institutions are provided, upon their request, with technical, professional, administrative and other employees, in accordance with the nature of their work, and the conditions that To be agreed upon between the authority and the licensed institutions, as well as cooperation and coordination with local, federal, regional and international authorities, including the authorities of free zones in the country and abroad, in areas related to the authority’s work, to ensure the achievement of its objectives, in addition to training and developing Emirati technical cadres in all fields. related to the competences of the Authority.

Zero Ratio

Without prejudice to the tax legislation in force in the country, licensed institutions operating in the free zone and individuals working in these institutions are subject to the zero rate for a period of 50 years, starting from the date this law comes into force, and this period can be extended for a similar period by a decision of His Highness the Ruler of Dubai, with regard to to all taxes, including income tax, in connection with their operations within the free zone, and taxes levied on transfers of assets, profits, salaries or wages, to any party outside the free zone, as well as profits from the merger, division, or change its legal form.

Authorized and Prohibited Goods

The law specifies the goods authorized and prohibited from entering through all sources to the integrated economic zones, whether national or foreign, and customs exemptions for goods imported into the free zone, manufactured, produced or developed therein.

Deputy Head of State:

• "Our goal is to always make Dubai the first choice for investors, and a major and effective link to the global trade movement."

• "The integration of free zones under one umbrella enhances Dubai's global competitiveness and increases the attractiveness of its economic environment."

• The law exempts the institutions of the Integrated Economic Zones Authority from restrictions on transferring capital or profits for 50 years.

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