The UAE Government has issued a Federal Decree-Law to empower arts sector by further regulating art institutions - which are non-profit organizations- and offering various benefits to art industries, arts professionals, and talented artists.
The Law aims to strengthen the artistic environment, promote artistic creation, attract talented artists, stimulate the creative economy, and establish a unified national legislative framework for arts institutions.
The Decree-Law also seeks to instill values of tolerance and coexistence among community members through artistic and creative activities. Under the provisions of this Law, natural or legal persons, from within or outside the country, may establish private museums, art exhibitions, theatrical or creative performances that are held temporarily, if they obtain permits and approvals from the competent authority. The law promotes public art displays and accessibility through programmes designed for all segments of society.
Under this new federal legislation, local authorities are encouraged to provide incentives, and exemptions to support artistic and cultural initiatives. Besides, art institutions are allowed to accept endowments, grants, donations, wills, gifts, and sponsorships, subject to specific legal requirements. They are also eligible for corporate tax exemptions.
Additionally, art collections benefit from temporary customs exemptions for exhibitions subject to legal requirements. These measures seek to motivate artists in the UAE to prosper and present creations that reflect the cultural and artistic excellence of the UAE, thus consolidating its position as a regional and global hub for arts.
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