Ajman Free Zone Authority

ECONOMY/BILATERAL TRADE

Ajman Free Zone Authority, UAE   invites Indian citizens by offering all the necessary facilities and preparations to the investors

H. E. Mahmood Al Hashemi, Director General of Ajman Free Zone Authority (AFZA), UAE  played host to a contingent of Indian investors. Addressing  the Media at Taj Hotel in Mumbai following the investors meet, His Excellency Mahmood Al Hashemi along with Rishi Somaiya (Sales Director), Mohammed Salem (Sales Executive) and spokespersons from Confederation of Indian Industry (CII)  unveiled plan to initiate and build a long and lucrative means of economic collaboration between the two nation

His Excellency Mahmood Al Hashemi, Director General of Ajman Free Zone Authority (AFZA), UAE  played host to a contingent of Indian investors at Taj Hotel in Mumbai . The investors meet was followed by a press conference where H.E. Mahmood Al Hashemi along with Rishi Somaiya (Sales Director), Mohammed Salem (Sales Executive) and spokespersons from Confederation of Indian Industry (CII) addressed the media and declared a plan to initiate and build a long and lucrative means of economic collaboration between the two nations.

Says H.E. Mahmood Al Hashemi, “Ajman Free Zone is one of the fastest growing free zones in UAE. It will keep up the effort to continue this growth as the coming era will witness more concentration of services offered to investors. We are also looking forward to a continued and flourishing economic and social relationship with India.” The most important characteristics of investing in Ajman Free Zone, is the flexibility of transactions and ease with which procedures are executed with business licenses issued in 24 hours. In addition, Ajman Free Zone offers advantages such 100% foreign ownership and repatriation of capital and profits, no personal income-tax, low labour cost, the only downtown free zone in UAE, diverse range of licenses for trading, services and industrial activities, competitive lease facility and an array of facilities ranging from Smart Office, Land and Warehouse.

During the investors meet, potential Indian investors were informed about the multitude of investment options at AFZA, through which emerging and established Indian industrialists and entrepreneurs targeting emerging markets can set up operations there. AFZA currently has over 7000 companies with investments from Indian investors exceeding over 40%. To further accelerate Indian investments, AFZA has thrown open their gates to Indian citizens by offering all the necessary facilities and preparations to make sure that the investors will be furnished with the best services and products. Thus Indian investors can avail of premium investment privileges and opportunities in the Emirate of Ajman.

Rishi Somaiya, Sales Director of Ajman Free Zone added, “With some many free zones operating in the regions, AFZA is the first to offer flexible payment facilities to its clients of up to twelve installments. This will promote entrepreneurship as the entry level cost of doing business is reduced giving an opportunity to young entrepreneurs and supporting mid level operating businesses”.

Smart Warehousing is another innovative initiative from Ajman Free Zone and the first to be offered in the UAE where the storage units start at a 100 sq.m. ”This is one-of-a kind proposition in the UAE and the region. Smart Warehouses have been designed in a flexible, modular and scalable manner. Clients requiring small spaces have the option of renting units starting from a 100 sq.m and companies that need bigger spaces can combine multiple units. Instead of investing in large warehouse space in the initial stages of a business, investors now have an option to take small spaces and expand it in a modular manner according to their business growth. Smart Warehouses launched in October of 2012 has seen an overwhelming response with all the units booked. We are now in the process of launching phase two to accommodate the growing demand”, said Somaiya