17 January 2023.
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World Free Zones Organization News
Includes video referencing how the creation of special economic zones are strategic are in expanding the economy.
Read moreWorld Free Zones Organization News
Link to current newsletter.
Read moreAn Insight Into SEZs
Special Economic Zones (SEZs) were established in many countries as testing grounds for the implementation of liberal market economy principles. While viewed as economic policy tools for enhancing the acceptability and credibility of industrial transformation policies, attracting domestic and foreign investment and also for the opening up of the economy, SEZs also seek to promote the value addition component in exports, generate employment, encourage import substitution as well as mobilise foreign exchange in the countries for Balance of Payments support.
Read moreUAE Corporate Tax law will continue incentives for free zone based entities
The UAE Ministry of Finance (MoF) has released a public consultation document inviting comments from stakeholders on the proposed legislation. A progressive step by the Ministry, which provides an opportunity for businesses to play a key role in formulating the UAE Corporate Tax law.
While there is no tax on individual income, income from activities carried out by individuals through a commercial license would attract the tax. Further, federal and emirate governments, their departments, and companies carrying out sovereign activities, companies engaged in the extraction of natural resources, charities, pension funds, investment funds (subject to conditions) would be exempt.
Read moreInfrastructure project delays risk derailing economic growth
“The drought, the bushfires, the extreme weather events have really highlighted the importance of taking those shocks and stresses into our decision making right at the planning phase,” Ms Madew said.
Read moreNew figures show mining sector powering the economy
“These changes will transform the NAIF to make it a more proactive investor in projects that will generate economic activity and job creation,”
Read more$10bn aid pool to cut premiums in north
“To underwrite it, you’re going to talk about billions because you need the comfort of that behind you. If we do this right, there’s no reason we can’t expand it into bushfire areas and flood areas.”
Read moreLatest World Free Zones Organization News
Newsletter courtesy of World Free Zones Organization
Read moreChina dangles $39bn carrot to build city on our doorstep
Article by Ben Packham courtesy of the Australian A Chinese company says it wants to build a new $39bn city with a major seaport, industrial area and free-trade zone on Papua New […]
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