UAE Replacing 1% Fee Related to Re-Exports With Flat Fee
Companies trading with the United Arab Emirates will not longer pay a 1 percent fee when seeking a refund for paid security deposits for the “value of temporarily imported goods,” according to an Aug. 22 report from the Hong Kong…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Trade Development Council. The UAE will only impose a fee about US$13.60 for re-exports regardless of the value of the goods, the report said. The change is part of the country’s efforts to promote Abu Dhabi as a “leading regional and international hub for commerce and industry,” the HKTDC said.