Latest news with #ATACarnets
Mid East Info
a day ago
- Business
- Mid East Info
Dubai Chambers showcases its integrated services to support business growth to 180 representatives from the private sector
Dubai, UAE – Dubai Chambers recently organised a dedicated workshop aimed at highlighting its comprehensive suite of services designed to support the growth and competitiveness of the business community both locally and internationally. The online session attracted 180 representatives from across the private sector. Participants were introduced to the full range of programmes, initiatives, and services offered by the three chambers operating under the Dubai Chambers umbrella – Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy. The workshop outlined efforts to drive the success and expansion of local companies, while creating new growth opportunities across diverse sectors in support of Dubai's broader economic development. The session explored the benefits of membership with Dubai Chamber of Commerce, which plays a key role in facilitating business operations through essential services including the issuance of certificates of origin, processing of ATA Carnets, attestation of documents, and commercial mediation to resolve business disputes. It also detailed how membership enables companies to actively contribute to the development of business legislation through participation in Business Groups. Representing the interests of all major sectors in Dubai, these groups play a vital role in facilitating dialogue between government entities and the private sector to address policy matters and enhance Dubai's economic competitiveness. Participants learned more about the chamber's initiatives to support the international expansion of Dubai-based companies. These include organising targeted trade missions to connect local businesses with trusted partners in priority markets, as well as hosting workshops to raise awareness of regulatory frameworks and the latest legal developments relating to different sectors. The session also highlighted the strategy of Dubai International Chamber, which focuses on attracting foreign companies and investments to Dubai. This includes its efforts to bring multinational corporations to the emirate through a growing network of international representative offices. These offices promote Dubai's competitive advantages, provide access to valuable market intelligence, and help drive foreign direct investment (FDI) flows to the emirate, while also supporting the international expansion of Dubai-based businesses. In addition, the workshop examined the role of Dubai Chamber of Digital Economy in advancing the emirate's digital transformation agenda and supporting the growth of Dubai's startup ecosystem. Key initiatives showcased included Expand North Star, the world's largest event for startups and investors; the Business in Dubai platform, which provides convenient access to corporate and operational services for companies looking to launch or expand in Dubai; and the Create Apps Championship, an initiative designed to position Dubai as a global leader in smart application development by attracting digital talent and encouraging entrepreneurs to pitch and develop innovative mobile app solutions. As a key enabler of Dubai's economic growth, Dubai Chambers remains firmly committed to empowering businesses and supporting their expansion both within the emirate and across global markets. It continues to play a pivotal role in advancing the digital economy, protecting the interests of the business community, and positioning Dubai as a global hub for trade, innovation, and investment. About Dubai Chambers: Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.
Web Release
2 days ago
- Business
- Web Release
Dubai Chambers showcases its integrated services to support business growth to 180 representatives from the private sector
Dubai Chambers recently organised a dedicated workshop aimed at highlighting its comprehensive suite of services designed to support the growth and competitiveness of the business community both locally and internationally. The online session attracted 180 representatives from across the private sector. Participants were introduced to the full range of programmes, initiatives, and services offered by the three chambers operating under the Dubai Chambers umbrella – Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy. The workshop outlined efforts to drive the success and expansion of local companies, while creating new growth opportunities across diverse sectors in support of Dubai's broader economic development. The session explored the benefits of membership with Dubai Chamber of Commerce, which plays a key role in facilitating business operations through essential services including the issuance of certificates of origin, processing of ATA Carnets, attestation of documents, and commercial mediation to resolve business disputes. It also detailed how membership enables companies to actively contribute to the development of business legislation through participation in Business Groups. Representing the interests of all major sectors in Dubai, these groups play a vital role in facilitating dialogue between government entities and the private sector to address policy matters and enhance Dubai's economic competitiveness. Participants learned more about the chamber's initiatives to support the international expansion of Dubai-based companies. These include organising targeted trade missions to connect local businesses with trusted partners in priority markets, as well as hosting workshops to raise awareness of regulatory frameworks and the latest legal developments relating to different sectors. The session also highlighted the strategy of Dubai International Chamber, which focuses on attracting foreign companies and investments to Dubai. This includes its efforts to bring multinational corporations to the emirate through a growing network of international representative offices. These offices promote Dubai's competitive advantages, provide access to valuable market intelligence, and help drive foreign direct investment (FDI) flows to the emirate, while also supporting the international expansion of Dubai-based businesses. In addition, the workshop examined the role of Dubai Chamber of Digital Economy in advancing the emirate's digital transformation agenda and supporting the growth of Dubai's startup ecosystem. Key initiatives showcased included Expand North Star, the world's largest event for startups and investors; the Business in Dubai platform, which provides convenient access to corporate and operational services for companies looking to launch or expand in Dubai; and the Create Apps Championship, an initiative designed to position Dubai as a global leader in smart application development by attracting digital talent and encouraging entrepreneurs to pitch and develop innovative mobile app solutions. As a key enabler of Dubai's economic growth, Dubai Chambers remains firmly committed to empowering businesses and supporting their expansion both within the emirate and across global markets. It continues to play a pivotal role in advancing the digital economy, protecting the interests of the business community, and positioning Dubai as a global hub for trade, innovation, and investment.
Hi Dubai
07-05-2025
- Business
- Hi Dubai
Dubai Chamber Achieves AED86 Billion in Q1 Exports as Business Momentum Grows
Dubai Chamber of Commerce recorded AED86 billion in exports and re-exports during Q1 2025, marking a 16.8% year-on-year increase as the emirate strengthens its position as a global business hub. The surge in trade volume was accompanied by a 7% rise in Certificates of Origin issued, totaling 204,240, and the processing of 1,656 ATA Carnets worth nearly AED984 million. The chamber also welcomed 18,160 new member companies in the first quarter, a clear signal of growing investor confidence in Dubai's business ecosystem. In a push to support global expansion, the chamber facilitated the entry of 28 local companies into international markets—up 75% from the same period last year. Chairman Sultan bin Saeed Al Mansoori emphasized the chamber's role in driving sustainable growth under the directives of Dubai's leadership, highlighting the importance of strong public-private partnerships. The chamber also played an active role in shaping business policy. Its Business Advocacy sector reviewed 10 laws and draft laws, with over half of private sector recommendations adopted. Engagements with Business Groups and Councils surged by 166% with 55 meetings held, alongside the creation of the Indonesian and Hungarian Business Councils. Mediation services also expanded, with 45 cases valued at AED7.3 million—a 232% increase in total value. Legal awareness efforts included 10 events that drew nearly 600 attendees, reinforcing compliance and best practices across industries. Dubai Chamber's Q1 results reflect its commitment to fostering a competitive, resilient, and opportunity-rich environment for businesses operating in and beyond the emirate. News Source: Emirates News Agency
Web Release
26-03-2025
- Business
- Web Release
Dubai Chamber of Commerce announces the issuance and processing of 5,357 ATA Carnets for goods worth AED 4.3 billion during 2024
By Editor_wr Last updated Mar 25, 2025 Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that a total of 5,357 ATA Carnets were issued and received during 2024 for goods and commodities valued at AED 4.3 billion. These figures reflect the steady momentum behind Dubai's exhibitions, conferences, and events sector, to which ATA Carnets are closely linked. ATA Carnets play a vital and highly effective role in the attraction and organisation of global events by enabling the duty-free and tax-free temporary import of goods for up to one year. This significantly enhances the ease of participation for exhibitors and contributes to the smooth operation of international exhibitions and conferences. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, commented: 'The ATA Carnet system is designed to simplify customs procedures related to the movement of goods for exhibitions. This creates numerous benefits for the exhibitions and conferences sector, reinforcing Dubai's growing reputation as a destination for global events.' The ATA Carnet system is the result of impactful collaboration between Dubai Chamber of Commerce and its partners in Dubai Customs, the Federal Customs Authority, and chambers of commerce across the UAE. About the ATA Carnet System An ATA Carnet can be described as a 'merchandise passport' that allows goods to temporarily cross international borders for up to one year without being subject to customs duties. Eligible items include goods for use at trade fairs such as commercial samples, professional equipment, audiovisual equipment, and computers, as well as items like repair tools, photographic and film equipment, musical instruments, industrial machinery, vehicles, jewellery, clothing, medical appliances, aircraft, racehorses, artwork, and prehistoric relics. Items that are not covered by the documents include perishable or consumable items and goods for processing or repair. The ATA Carnet system forms part of a standardised international mechanism created by the Istanbul Convention in 1990 under the guidance of the World Customs Organisation (WCO) for the temporary importation of goods. The system allows marketing representatives, exhibition participants, and business travellers to complete customs procedures in advance at a fixed cost and offers the flexibility to visit multiple countries using a single carnet. This ensures seamless customs clearance while allowing goods to be re-exported without delays or unexpected costs. ATA Carnets offer significant cost savings by exempting exporters from VAT and customs duties. Holders are not required to post security deposits with customs, and the system also simplifies border crossings by allowing importers and exporters to use a single document for all of their customs formalities. Comments are closed.
Arabian Business
25-03-2025
- Business
- Arabian Business
Dubai Chambers issued ATA Carnets for $1.2bn of goods last year – what is the ‘passport for goods'?
Dubai Chamber of Commerce has announced that a total of 5,357 ATA Carnets were issued and received during 2024 for goods and commodities valued at AED4.3bn ($1.2bn). These figures reflect the steady momentum behind Dubai's exhibitions, conferences, and events sector, to which ATA Carnets are closely linked. ATA Carnets are sometimes labelled a 'passport for goods' and are an international customs document that play a vital and highly effective role in attracting and organising global events. ATA Carnets in Dubai They enable the duty-free and tax-free temporary import of goods for up to one year. This significantly enhances the ease of participation for exhibitors and contributes to the smooth operation of international exhibitions and conferences. Khalid AlJarwan, Vice President of Commercial and Corporate Services at Dubai Chambers, said: 'The ATA Carnet system is designed to simplify customs procedures related to the movement of goods for exhibitions. This creates numerous benefits for the exhibitions and conferences sector, reinforcing Dubai's growing reputation as a destination for global events.' The ATA Carnet system is the result of impactful collaboration between Dubai Chamber of Commerce and its partners in Dubai Customs, the Federal Customs Authority, and chambers of commerce across the UAE. An ATA Carnet can be described as a 'merchandise passport' that allows goods to temporarily cross international borders for up to one year without being subject to customs duties. Eligible items include goods for use at trade fairs such as: Commercial samples Professional equipment Audiovisual equipment Computers Repair tools Photographic and film equipment Musical instruments Industrial machinery Vehicles Jewellery Clothing Medical appliances Aircraft Racehorses Artwork Prehistoric relics Items that are not covered by the documents include perishable or consumable items and goods for processing or repair. The ATA Carnet system forms part of a standardised international mechanism created by the Istanbul Convention in 1990 under the guidance of the World Customs Organisation (WCO) for the temporary importation of goods. The system allows marketing representatives, exhibition participants, and business travellers to complete customs procedures in advance at a fixed cost and offers the flexibility to visit multiple countries using a single carnet. This ensures seamless customs clearance while allowing goods to be re-exported without delays or unexpected costs. ATA Carnets offer significant cost savings by exempting exporters from VAT and customs duties.
