- The government plans to refocus Free Zones on export-oriented manufacturing.
- New Free Zone licenses would be limited to manufacturing enterprises.
- Imported raw materials would need to be used within 12 months, with duty exemptions restricted to qualifying raw materials.
- Duties and taxes would be required for goods entering the domestic market.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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