Decree No. (18) of 2024
Amalgamating Land Plots into the Dubai World Trade
Centre Free Zone[1]
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We, Mohammed bin
Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
Law No. (9) of 2015 Concerning the Dubai
World Trade Centre (the “DWTC”),
Do
hereby issue this Decree.
Amalgamation
of Land Plots
Article
(1)
Plot No. (3250752) and Plot No. (3250753), which are located in Zabeel First and whose boundaries and area are demarcated on
the plans attached to this Decree, are hereby amalgamated into the DWTC Free Zone.
Applicability
of Legislation
Article
(2)
a. The land plots referred to in Article (1) of
this Decree are hereby deemed part of the Free Zone. These plots, and the
companies and establishments which are licensed to operate therein, will be
governed by the above-mentioned Law No. (9) of 2015 and the resolutions issued
in pursuance thereof.
b. The DWTC Authority will exercise its powers
under the above-mentioned Law No. (9) of 2015, the resolutions issued in
pursuance thereof, and other legislation in force in the Emirate of Dubai
within the land plots referred to in Article (1) of this Decree and over the
companies and establishments licensed to operate therein.
Concessions
and Exemptions
Article
(3)
The companies and establishments licensed to operate within the land
plots referred to in Article (1) of this Decree will enjoy the concessions and
exemptions prescribed under the above-mentioned Law No. (9) of 2015, the
resolutions issued in pursuance thereof, and other legislation in force in the
Emirate of Dubai, including tax exemptions.
Compliance
Article
(4)
The companies and establishments licensed to operate within the land
plots referred to in Article (1) of this Decree must comply with the provisions
of the
DWTC legislation within no later
than one (1) year from the date on which this Decree comes into force. The
Chairman of the Board of Directors of the DWTC may, where required, extend this
grace period for the period he deems appropriate.
Repeals
Article
(5)
Any provision in any other legislation is hereby repealed to the extent
that it contradicts the provisions of this Decree.
Publication
and Commencement
Article
(6)
This Decree will be published in the Official Gazette and will come into
force on the day on which it is published.
Mohammed bin Rashid Al Maktoum
Ruler of Dubai
Issued in Dubai
on 1 March 2024
Corresponding to 20 Shaban 1445 A.H.
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