Dubai PR Network, Online Press Release from Dubai and Middle East
 
Government Sector(Government, Legal & Humanity)
Filter PR by
  
Ahmed bin Humaid Al Nuaimi launches new incentives for AFZ companies
 
Ahmed bin Humaid Al Nuaimi launches new incentives for AFZ companies
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 : Dubai PR Network Editorial Team
Viewed 7594 times
PR Category : Government, Legal & Humanity
Posted on : Tuesday, March 31, 2020  11:10:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Abu Dhabi Digital Authority Launches the “Abu Dhabi Connect”...
Next Story : Dubai Cares Joins UNESCO's Global Education Coalition to Pro...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
AIGNER says Hello to September in style! [6888-Views]
Tripod MB&F + L'EPEE 1839 [6027-Views]
Hublot Becomes the Premier League's Official Timekeeper [4891-Views]
Parmigiani Fleurier's New Tondagraph GT Rose Gold Blue [4100-Views]
essence Essentials For your Eyes! [3587-Views]
Ajman Police Honours Pure Gold Jewellers for Their Contribution to Fly Home 175 Insolvent ... [3514-Views]
6 Ways Gen Z Can Rock Urban Style in 2020 [3497-Views]
Your Go - to Poolside Look - Steve Madden [3411-Views]
Achieve Pore-fect Skin With the Face Shop's Latest Drop [3309-Views]
UAE Frontline Heroes Office Registers More than 80,000 Frontline Professionals in New Nati... [2944-Views]
Ogilvy Becomes First Agency Brand to Reach 1 Million Followers on LinkedIn [2931-Views]
Etihad Airways Keeps Guests Protected With Global COVID-19 Insurance [2698-Views]
Dubai Health Authority(DHA) Expands Specialized Medical Training Programs [2608-Views]
KARL LAGERFELD – Back to Black [2571-Views]
August Sales Swell Augers Well for Lincoln with Navigator and Nautilus Showing Strong Mont... [2546-Views]
DAFZA Launches Second Edition of the Halal Guidebook [2472-Views]
Three GEMS Education Schools in Dubai Celebrate a Combined 75 Years of Quality Education [2472-Views]
Jebel Ali Port Welcomes Mega Container Ship HMM Gdansk on Its Maiden Visit [2440-Views]
The UAE is Set for 4 Days of Free Fitness [2407-Views]
Thumbay University Hospital Now Empanelled With All Leading Health Insurance Providers [2382-Views]
Dr. Ahmed from Burjeel Hospital Shares 8 Tips to Prevent the Flu [2259-Views]
EMAS Partners with Eaton in Egypt [2239-Views]
Lenovo's New Legion PCs and Desktops Launch in the UAE [2222-Views]
OMEGA Goes Platinum-Gold For New James Bond Watch [2222-Views]
Portuguese Tourist Gets New Lease of Life After Cancerous Tumour Removal Procedure in Duba... [2181-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories