Ajman Free Zone is home to over 8,000 companies and more than 30,000 investors
HE Sheikh Ahmed Bin Humaid Al Nuaimi, Chairman, Ajman Free Zone (AFZ), recently issued and introduced 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 launched include 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.
HE 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.
“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,” explained Sheikh Ahmed Bin Humaid.
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. Additionally, cheque services fees have been waived for three months. An easy installment payment plan has also been initiated and labour accommodation rent fee reduced by 25%. Furthermore, for new companies, AFZ will cover the cost of their E-Channel Warranty (AED 5,000).
Reassuring message
“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,” commented Fatma Salem, Acting General Manager, AFZ.
AFZ has more than 8,000 companies with more than 30,000 investors drawn from over 140 nationalities 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.
