Dubai Customs officers uncover a shipment of fake mobile phones. The customs office often recycles counterfeit goods to protect consumers and limit environmental damage. Courtesy: Dubai Customs
Dubai Customs officers uncover a shipment of fake mobile phones. The customs office often recycles counterfeit goods to protect consumers and limit environmental damage. Courtesy: Dubai Customs
Dubai Customs officers uncover a shipment of fake mobile phones. The customs office often recycles counterfeit goods to protect consumers and limit environmental damage. Courtesy: Dubai Customs
Dubai Customs officers uncover a shipment of fake mobile phones. The customs office often recycles counterfeit goods to protect consumers and limit environmental damage. Courtesy: Dubai Customs

Dubai Customs seizes and recycles Dh188,000 worth of fake goods


Kelly Clarke
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Dubai Customs recycled more than 1,900 counterfeit goods worth an estimated Dh188,000.

The items, which were seized by the intelligence department, included sports shoes, computers and headphones.

The authority was alerted to a number of suspicious shipments arriving from a country in Asia.

On investigation, a task force team from Dubai Customs intercepted the cargo and seized and confiscated 1,906 separate counterfeit goods.

Malik Hanouf, chief executive of the Brand Owners' Protection Group, a company that seeks the enforcement of intellectual property laws, said recycling such items helped brand owners destroy copied products that could pose a danger to unaware consumers.

It also helped to reduce the harmful effect on the environment caused by the illegal fake goods trade.

Urging people to stay alert to counterfeit products, Shuaib Al Suwaidi, director of Dubai Customs Intelligence Department, said such items were not welcome in the Emirates.

“We take care of all information that help us thwart all types of smuggling to protect our society from the hazards of illegitimate goods,” he said.

“We work together with different partners to ensure they don’t enter the emirate.”

The recycling was carried out by Colour Code waste treatment plant in Dubai.

In 2018, authorities in Dubai seized and destroyed Dh332m worth of fake goods.

The Department of Economic Development said a total of 19.9 million counterfeit items were confiscated from traders in the emirate.

The figure indicated an improvement on the situation since 2016 when DED announced it had recovered fake goods worth Dh1.6 billion.

The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties