Ajman Free Zone, UAE, comes to India, offers business opportunities in the Middle East to boost trade and economic cooperation between India and the UAE. Senior delegations from Ajman Free Zone, UAE, are visiting various cities in India – Mumbai, New Delhi and Chennai – with an aim to promote the benefits of investing in Ajman and encourage Indian companies to open new offices in Ajman Free Zone, which will further help in boosting their businesses and strengthen trade relations between both nations. These road shows are being held in collaboration with the Indian National Bar Association.
Ajman Free Zone offers 100 per cent foreign ownership, repatriation of capital and profits, no corporate tax, no personal income tax and no import duties on goods to be exported. Besides, the Free Zone offers benefits such as lowest lease prices and tariff, extremely low handling charges, easy access to workforce, single window clearances and cheap energy to businesses interested in setting-up an offshore company.
According to Mahmood Al Hashemi, General Manager, Ajman Free Zone, “With a large Indian diaspora residing in the UAE and around the GCC, India and its business community is of strategic importance to us. We have a streamlined bureaucracy sans any red tape. The pricing is very competitive. The world-class infrastructure at Ajman Free Zone comes with no hidden fees or service charges.”
India is one of the top three trading partners of the UAE. At present, over 17,000 companies are registered in Ajman Free Zone, out of which over 40 per cent are of Indian ownership. For Small and Medium Enterprises (SMEs) and entrepreneurs who find entry cost prohibitive, licenses such as Smart Office has been launched and met with phenomenal success. Entrepreneurs looking to grow their business but want to operate under strict budget, Executive Office License are designed providing economies of scale.
Nader Desouky, Deputy General Manager Ajman Free Zone, says, “Besides, Ajman Free Zone offers Smart Warehouses, from as low as 100SQMscalable in nature, thus can be of any size as per customers choice, with the vision to encourage startups. Ajman Free Zone has launched a unique Business Center license providing all the facilities a startup would look at but at marginal cost.”
Further, Rishi Somaiya, Director Sales & Marketing Ajman Free Zone, adds, “Ajman Free Zone is considered one of the fastest growing free zones in the region and will continue to exert efforts towards furthering its expansion. The coming period will witness developments based on customers and the services provided to them.”