GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
Ajman Free Zone has more than 8,000 companies and more than 30,000 investors
 
 
Ajman, United Arab Emirates - March 30, 2020:  His Highness Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of Ajman Free Zone (AFZ), issued a decision to introduce a package of economic incentives for AFZ, China Mall, and its affiliates. The aim is to alleviate the economic effects the world is experiencing today and its implications for business.
 
These incentives include several features such as reducing and eliminating certain fines and fees, as well as adding new facilities. These will also serve the emirate's economy and will ensure the continuity of businesses of all sizes.
 
His Highness Sheikh Ahmed bin Humaid Al Nuaimi expressed his keen desire to create a business environment in the Free Zone that can prosper during the current pandemic. 
 
He commented: “These incentives were launched because of our strong commitment to business continuity, we are keen to spread the spirit of hope and optimism and support the business community. We have full confidence that these incentives will be a driving force in enabling them to achieve their desired goals.”
 
The list of incentives is as follows:
 
• Fines 
  Licenses renewed are exempt from licensing fees and late renewal fines
  In the case of license cancellation, company will receive a 50% discount on accumulated fines
 
• Fees
  Cheque services fees waived for 3 months
  An easy instalment payment plan 
  Labour accommodation rent fee reduced by 25%
 
• Smart services subscription warranty 
  For new companies, AFZ will cover the cost of their E-Channel Warranty (AED 5,000) 
“We are delighted to offer these facilities as it is a message of reassurance to companies that they should continue their work as the Free Zone is standing by them. We are confident that, in light of the current situation, these incentives will help all entrepreneurs and investors overcome these difficult times,” Fatma Salem, Acting General Manager of AFZ.  
 
AFZ has more than 8,000 companies with more than 30,000 investors who will benefit from these economic incentives that will contribute to the continuity of business momentum in the Free Zone, the Chinese market, and other affiliated sectors. 
 
AFZ is heavily invested in comprehensive development of the Emirate of Ajman by continuously evolving its services to match the changing demands of the business community. It currently accommodates investors representing 140 plus nationalities and does so by enabling their businesses with a streamlined and hassle-free set-up process at competitive rates, and a wealth of products and supporting services. 



Posted by : GoDubai Editorial Team
Viewed 4178 times
Posted on : Tuesday, March 31, 2020  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Abu Dhabi Digital Authority Launches the “Abu Dhabi Connect” Project
Next Story : Dubai Cares Joins UNESCO's Global Education Coalition to Provide a Unified Response to the Need for ...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation...
Olay Eyes Hydra Gel
COVID-19 Triggers Marked Decline in Global Trade: UNCTAD
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protectin...
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more th...
Maillon De Cartier Watch
Dynabook Refreshes Portégé X Series With Latest Intel® Core™ Processors and Priv...
Kristina Fidelskaya A/W 2020 Collection “Dream”
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign
Union Coop: AED 46 Million Project in Umm Al Quwain
Your at-Home Spa Guide With Skin Republic
Ashley Graham for Marina Rinaldi – Ss 20
Emirates Resumes Passenger Flights to 9 Destinations, including Connections betw...
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the C...
Don't Make A Slow Recovery More Difficult with Quarantine Measures
Dubai Customs: Strategic Plan to Curb Corona
Happy Eid with Parmigiani Fleurier Toric Fleur
Smart Cooking to Save Time With Lg Appliances This Ramadan
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advan...
Paying the Ransom Doubles Cost of Recovering from a Ransomware Attack, According...
Medcare Women & Children Hospital Offers Peace of Mind to Families and Mums-to-B...
Al Zahia Supports Underprivileged Families With Electronic Tablets for Remote Le...
Game for Anything: the All-New Toyota C-HR Lands in the UAE With Unmissable Dist...
BSH Middle East FZE Stands in Support with the Dubai Health Authority Amidst COV...
Saxo Bank Market update: Copper and Silver Focus
Aviation Tops the Agenda at ATM Virtual
Dubai Customs Launches Virtual Assessment Center During Outbreak
Etihad Holidays to Be Operated by Dnata Travel Group In the UK
Mohap Hails Family Doctors' Efforts in Countering Covid-19 Crisis
Euronews Speaks To Dubai Businesses Adapting to Support Global Needs Due to COVI...
Pure Health Launches Covid-19 Field Laboratory at Sharjah Expo Centre
Instagram Partners with TBWA Raad and Egyptian Food Bank to #Stopfoodwaste
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate
Denim Culture
Positive Glimpses of Prayer and Fond Memories Win Xposure #homecaptured Global C...
ICBA Launches New Community Initiative on Zayed Humanitarian Day
Emirates Post Launches ‘Epostcard' to Connect Friends and Families
Abu Dhabi University Creates Face Shield Prototype to Support the Local Healthca...
Lenovo's Tech Gift Guide
du Customers Benefitting From the Fastest Fixed Broadband Services in the Gulf Region
Arab Bank Group Reports First Quarter 2020 Net Profit of $147.6 Million
Hospital to Organize a Live Session on Managing Hypertension During Pandemic
Al Wahda Mall is Now Open for Its Customers in Compliance With the Health and Sa...
Commodity Weekly: Gold and Silver Pop as Economic Clouds Darken
A Unique MC20 Prototype Dedicated to Sir Stirling Moss Testing of the Trident's ...
Etihad Guest Rewards Members While Staying Home
UAE Banks Among Top Performing in GCC, KPMG Report Finds
Reduced Demand for Global Oil Supply May Be Permanent
Dubai Customs and Spanish counterpart convene by video conference on trade and c...