Ajman Free Zone: A New Era with the Ajman Centre for New Projects

Ajman Free Zone: A New Era with the Ajman Centre for New Projects

Ajman Free Zone (AFZ) continues to evolve and expand its offerings to attract global investors and foster economic growth. The latest development is the establishment of the Ajman Centre for New Projects, a new free zone aimed at enhancing the emirate's position as a leading investment destination. 

Key Highlights of the Ajman Centre for New Projects

1. Strategic Objectives:

The Ajman Centre for New Projects is designed to boost Ajman's capacity as a developed hub for global trade. It aims to contribute to the emirate's sustainable economic diversification and growth by encouraging economic and investment projects across various fields.

2. Legal and Financial Independence:

The new free zone will enjoy legal personality, financial, and administrative independence, providing it with the necessary legal capacity to achieve its objectives and exercise its powers and duties as stipulated in the decree.

3. Leadership:

Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi has been appointed as the Chairman of the Ajman Centre for New Projects, ensuring strong leadership and strategic direction for the new free zone.

4. Investment Climate:

The Centre aims to create a flexible and conducive investment climate for creative and innovative projects, attracting more foreign investment across various economic activities.

Benefits for Businesses

1. Enhanced Infrastructure:

Businesses in the Ajman Centre for New Projects will benefit from state-of-the-art infrastructure and facilities designed to support various industries, from manufacturing and logistics to IT and healthcare.

2. Competitive Packages:

The new free zone offers competitive packages tailored to meet the needs of different businesses, ensuring cost-effective solutions with low setup costs and flexible payment plans.

3. Tax Incentives:

Companies operating in the Ajman Centre for New Projects will enjoy several tax benefits, including exemption from import and export duties, no personal income tax, and no corporate tax.

4. Strategic Location:

Located in close proximity to Ajman Port and Dubai and Sharjah international airports, the new free zone provides easy access to major markets, ensuring efficient logistics and supply chain management.

Conclusion

The establishment of the Ajman Centre for New Projects marks a significant milestone in Ajman Free Zone's journey towards becoming a global investment hub. With its strategic objectives, legal and financial independence, and commitment to creating a conducive investment climate, the new free zone is set to attract a diverse range of businesses and contribute to the emirate's economic growth.

Whether you're a startup, SME, or a large corporation, the Ajman Centre for New Projects offers a promising environment for growth and success. Stay tuned for more updates as this exciting new chapter unfolds in Ajman Free Zone.