Abu Dhabi Department of Culture and Tourism to Launch Tariff Exemption Program for High-Value Artworks as Part of 'Tourism Strategy 2030' to Accelerate Cultural Tourism
The Abu Dhabi Department of Culture and Tourism is launching a tariff exemption program for high-value art to accelerate cultural tourism under its 'Tourism Strategy 2030'.Summary
The Abu Dhabi Department of Culture and Tourism announced a new tariff exemption program targeting high-value artworks to position Abu Dhabi as a leading global cultural hub by offering reliable storage and exhibition environments. The program applies to artworks valued at over 10 million AED (approx. 400 million JPY) that are brought into Abu Dhabi for a minimum of three years, specifically designed for wealthy individual collectors and asset management organizations, requiring rigorous pre-screening. This initiative is part of the broader 'Tourism Strategy 2030,' which aims to increase visitor numbers to 39.3 million by 2030 and double tourism's economic contribution. By ensuring regulatory certainty and structured oversight, Abu Dhabi seeks to enhance its appeal as a destination for global cultural investment, focusing on branding itself as a 'custodian of cultural legitimacy' rather than just offering tax incentives.
(Source：トラベルボイス)