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- 2021/12/13 - Core competencies that make Ajman Free Zone an ideal business ecosystem
Core competencies that make Ajman Free Zone an ideal business ecosystem
Since its inception in 1988, with its advanced facilities and state of the art infrastructure, Ajman Free Zone (AFZ) has been proving its integral role in driving the sustainable growth of businesses that it houses. AFZ, the dynamic business ecosystem which currently serves more than 9,000 companies in diverse sectors from 185 countries, is one of the busiest economic hubs in the region. It also supports its partners extensively in the expansion of their businesses into the Middle East, Africa, and South Asia.
One of the key initiatives by the Free Zone is the AFZ Plus, launched to create a positive experience among its business partners and aid them in their growth and expansion strategies. Under the program, the Free Zone, with its more than 50 private and government strategic partners, offers a comprehensive ecosystem for businesses to carve out a niche in the local or international market. The services offered by AFZ Plus are also designed to benefit those entrepreneurs and investors exploring business prospects in the region.
The Free Zone offers an array of services to help the numerous companies in several industry verticals registered with it to establish or expand their businesses, streamline operations, and enhance productivity. Furthermore, keeping pace with digital transformation and adopting a one-stop-shop approach, AFZ offers a unique digital platform for its partners that allows multiple transactions with relevant entities.
The Free Zone also offers several incentives to investors such as 100 per cent repatriation of capital and profits no currency and employment restrictions, quick cargo clearance and other investor-focused management approaches, besides licenses, solutions, high-quality infrastructure, and other facilities that cater to the best interests of the investors across sectors.
Besides, global corporate entities can also take advantage of AFZ’s after-sales solutions and tax-free environment, apart from 100 per cent foreign ownership.
Among the numerous advantages offered by AFZ, perhaps the most notable is the bespoke facilities in the Free Zone. The high-quality facilities enable business partners and investors to conduct business in a worry-free atmosphere. In addition, AFZ has also introduced nine products recently as part of its efforts to generate positive customer engagement.