Law No.
(2) of 2001
Amending
Law No. (2) of 1986
Concerning
Business Activities in the Jebel Ali Free Zone[1]
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We,
Maktoum bin Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
Law
No. (2) of 1986 Concerning Business Activities in the Jebel Ali Free Zone (the
“Original Law”),
Do hereby issue this Law.
Articles
(8) and (10) of the Original Law are hereby superseded by the following:
Companies,
Individuals, and workers based in the Free Zone are hereby
exempted from all taxes, including income tax, in respect of their operations
in the Free Zone for a period of fifty (50) years, renewable for the same
period pursuant to a resolution of JAFZA. This period will commence on the day
on which these Companies, Individuals,
or workers commence their work in the Free Zone.
Companies,
Individuals, and workers are hereby exempted for a period of fifty (50) years
from any restrictions related to the transfer of capital, profits, or wages in
any currency to any entity outside the Free Zone. The exemption period will
commence as of the date on which these Companies, Individuals, or workers commence their work in the Free Zone, and may be
extended for the same period pursuant to a resolution of JAFZA.
Article (2)
This Law will be published in the Official Gazette and
will come into force on the day on which it is published.
Maktoum bin Rashid Al Maktoum
Ruler of
Dubai
Issued in Dubai on 1 May 2001
Corresponding to 7 Safar 1422 A.H.
©2021 The Supreme
Legislation Committee in the Emirate of Dubai
[1]Every effort
has been made to produce an accurate and complete English version of this
legislation. However, for the purpose of its interpretation and application,
reference must be made to the original Arabic text. In case of conflict, the
Arabic text will prevail.