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Abu Dhabi waives 1% fee for refunding re-export security deposits
Abu Dhabi - It will enhance the ease and efficiency of doing business in the emirate.
In line with the government's strategic plan to strengthen Abu Dhabi's position as a leading regional and international hub for commerce and industry, the new resolution aims to facilitate cross-border trade and enhance the ease and efficiency of doing business in the emirate.
The fee was previously levied when refunding security deposits paid for re-exporting goods that have been imported to the UAE on a temporary basis, such as imports for exhibitions and projects, or goods brought in for manufacturing or repair.
Waiving the fee will promote re-exporting in Abu Dhabi and will further contribute to the emirate's economic development and diversification.
As a result of this resolution, moving forward only the Dh50 fee stipulated by the UAE cabinet re-exports will be applied irrespective of the value of the goods.
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