In good news for businesses that ship goods to the United Arab Emirates, it has been revealed that Abu Dhabi is to scrap customs taxes on selected products going into the city state.
Industrial products and materials including machinery, equipment and spare parts will be included in the exemption as of January 15th, the Abu Dhabi Department of Economic Development and the General Administration of Customs said.
The move is part of a strategic intervention to form a multi-billion dollar stimulus package for the emirate and was unveiled in June.
Local news agency Wam reports that the tax exemption will be coordinated through the imports beneficiaries' annual balance systems by a number of organizations, including the Department of Economic Development.
Abu Dhabi has several industrial free zones, including the Khalifa Industrial Zone and the Khalifa Port Free Trade Zone, both of which generate demand for machinery and supplies to cover the extensive development taking place there.
MIC can offer businesses direct electronic communication with customs administration eServices in the United Arab Emirates, so it could be well worth getting in touch to discuss tailored solutions if you are looking to expand in that area.