Pakistani businesses amongst top five at UAE-based Ajman Free Zone: Fahmi

Pakistani investors are taking keen interest in setting up businesses in Ajman Free Zone Authority (AFZA) where the number of international investors is still increasing.
Over 7,200 companies are already registered at AFZA from around the world and Pakistani businesses rank amongst top five AFZA’s registered businesses. This was stated by Ali Hussain Fahmi, AFZA’s head of customer service, while briefing media here at the Karachi Press Club Monday.
Flanked by Abdalla Yehia Gohar and Rafeeah Al Suweidi, respectively the head of financial planning division and manager customer service at AFZA, Fahmi said a three-member high profile delegation from the Authority would meet Pakistani investors in a seminar on Tuesday, 26th February, to further explore the growing inward investments from Pakistan.
“We want to enhance business relations, promote trade and strengthen ties with Pakistan’s business community. The road show is aimed at Pakistani businessmen, entrepreneurs and investors that would like to spread their operations internationally especially in the Middle Eastern region whereby the UAE serves as a springboard and a centre point to enter the regional markets,” he quoted Mahmood Al Hashemi, Director General of AFZA, as saying.
During their visit, the AFZA officials would meet investors from various industries, trade and service sector and showcase multiple facilities and business investment opportunities available for the Pakistan business community.
The convenient set-up solutions, diverse range of licensing options along with a tax free operation are some of the core subjects to be discussed with the prospective investors.
Abdalla Yehia Gohar said with cost-effective set-up packages, the regulations and procedures for investment at AFZA have been kept simple to facilitate the investors. Highlighting the incentives for investment at the zone, he said free zone offers 100pc foreign ownership with the facility of 100pc repatriation of capital and profit. “There is no personal income tax for investors at AFZA,” he added. Rafeeah Al Suweidi told reporters that having a diverse focus, the Zone offered a range of licenses to accommodate all business types, which helps us in accommodating companies form all fields, and we can provide a platform across the board in facilitating their business.
He said AFZA offered Trading Licenses (Also known as commercial license) for import and export, service licenses, industrial license and national industrial license. Investors can benefit from array of facilities ranging from Smart Office (desk space), offices, Warehouse and Land.