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You are at:Home»art and culture»UAE Introduces Law to Empower Arts with Tax Breaks
art and culture

UAE Introduces Law to Empower Arts with Tax Breaks

November 25, 20242 Mins Read
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UAE Introduces Law to Empower Arts with Tax Breaks
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In an effort to support and boost the country’s vibrant creative economy, the UAE government has introduced a new federal law aimed at strengthening the arts sector. The legislation will provide a regulatory framework for non-profit art institutions, offering benefits to art professionals and fostering an environment conducive to artistic growth.

The law is designed to enhance the creative economy by stimulating artistic expression, attracting talent, and providing easier access to opportunities for artists. It establishes a unified national framework to streamline the licensing process for art institutions across the country.

One of the major benefits under this law is that art institutions will now be allowed to accept endowments, grants, donations, gifts, sponsorships, and even wills, all subject to specific legal guidelines. Additionally, these institutions will be eligible for corporate tax exemptions, further supporting their sustainability.

The law also encourages public art displays and aims to make artistic experiences accessible to all sectors of society through various programs. It allows both local and foreign entities to establish private museums, art exhibitions, and temporary performances, provided they obtain the necessary permits from the relevant authorities.

Furthermore, the law seeks to promote tolerance and coexistence among community members by encouraging artistic and creative activities. It also introduces temporary customs exemptions for art collections intended for exhibitions, stimulating further artistic collaboration.

To simplify the process, the licensing procedures for art-related activities will be managed by either local authorities or the Ministry of Culture, ensuring that they are more efficient and transparent. The law also regulates the types of artistic activities that institutions can engage in, including visual and performing arts, literature, music, academic lectures, and more.

Importantly, the law prohibits any artistic practice that is not authorized by the relevant authorities and restricts institutions from promoting hate speech or divisive content through their art.

This move further solidifies the UAE’s ambition to become a global leader in arts and culture, establishing the country as a beacon of creativity and innovation.

artsincentives artslaw artssector creativeeconomy culturalinitiatives taxexemptions UAE
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