Search DubaiPRNetwork.com

Dubai and UAE

Tuesday, March 31, 2020/ Editor

Home >> Local News and Government

Ahmed bin Humaid Al Nuaimi launches new incentives for AFZ companies

Ahmed bin Humaid Al Nuaimi launches new incentives for AFZ companies

Home >> Local News and Government
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. 

 

Share


Previous in Local News and Government

Next in Local News and Government


Home >> Local News and Government Section

Latest Press Release

Ardee Announces Sales Launch of AED 70 Million Super Mansions at Fairmont Residences Al Marjan Islan ...

Hourglass cosmetics redefines the art of self-expression with the launch of an innovative eye collec ...

Emirates expands its Premium Economy offering on services to Male and Colombo

du launches Experience X internship program to empower UAE national youth

Experience Art, Adventure, and Heritage at Dubai Culture's Summer Camps 2025

DAFZ Announces Opening of Fakeeh Health's First Smart Clinic in Dubai

Hamdan Bin Rashid Al Maktoum Foundation Launches Summer Camp 2025 for Gifted Students under the Them ...

Al Masaood Automobiles Offers Exclusive First Look at 2026 Nissan Patrol NISMO Following World Premi ...

Mohamed bin Hadi Al Hussaini, Pakistan's Minister of Finance discuss ways to enhance cooperation in ...

UAE Circular Economy Council discusses policies to accelerate shift to circular models and expand bi ...

Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah!

Dubai Customs hosts Sheikh Mansour bin Ibrahim Al-Mualla to discuss ways of cooperation and strength ...

Christophe Robin's Summer Travel Essentials for Good Hair Days

Dubai Municipality and Parkin sign agreement to enhance the efficiency of public parking infrastruct ...

Dubai Airports launches DXB Greet & Go: a smart, QR code-based pickup service at Terminal 3

Dubai Sports World Returns for Action-Packed August Edition

The World Between Lines and Symbols: An Interactive Art Workshop at Mohammed Bin Rashid Library

Malls Across Dubai Come Alive This DSS With Non-Stop Entertainment, Unbeatable Prizes, and Endless S ...

Emirates A350 debuts in Dammam

Emirates Post collaborates with Dream Dubai to launch AED100,000 prize campaign to celebrate UAE's Y ...