Member Article

Business leaders are paving the way for investment in operations out of UAE

Growing on the success of last year’s trade visit in London, this June sees the return of senior representatives from the Ajman Free Zone Authority in the United Arab Emirates (UAE).

On Friday 6th June from 2pm until 5.30pm, UAE representatives will meet with the capital’s business leaders to discuss the opportunities and the logistics of trading across the Middle East. The United Arab Emirates (UAE) Ajman Free Zone Authority is holding a High Tea Business Briefing and Networking Reception at The London Chamber Of Commerce & Industry, with His Excellency Mahmood Al Hashemi. Mahmood Al Hashemi, the general manager of Ajman Free Zone Authority, along with other key speakers, they will discuss the advantages, logistics and opportunities to conducting business with free zones in Ajman and the UAE.

The visits are an ideal opportunity for UK businesses to forge relationships with the UAE and discover more on trading with the Ajman Free Zone Authority. With both the UK and UAE currently experiencing tremendous growth in various sectors, namely in Trade, Services, Infrastructure, Research and Tourism; events such as these provide an unparalleled platform to new businesses who seek opportunities overseas. These events also offer a valuable avenue in which companies can understand the various economic opportunities available, as well as corporate rules and regulations in the UAE.

Mahmood Al Hashemi said: “UK trading with the UAE is currently worth around £5.1bn a year and there are many lucrative opportunities available for all sectors from logistics to management media. Ajman Free Zone Authority currently has over 9,000 companies of all shapes and sizes, many from UK.”

“Ajman Free Zone is one of the UAE’s most rapidly developing Free Zones that sees investors reap benefits such as repatriation of capital and profits and no personal income tax.”

Ajman Free Zone Authority’s deputy general manager, Nader Eldesouky, commented: “Ajman Free Zone is deemed as one of the fastest growing free zones in the region and it will continue to grow over the years because time and energy is invested into the customer and the services offered to them.”

Rishi Somaiya, director of sales, added: “Ajman Free Zone Authority is the first to offer flexible payment facilities to its clients in up to twelve easy and convenient instalments. This payment facility will act as a springboard for entrepreneurs who find entry cost to business prohibitive and result in development.”

Elaborating on the Emirate’s many other attractions, Mr Somaiya explained that “inexpensive energy, an extremely economic wage structure, total exemption from all import and export duties and exceptionally low handling charges, gives AFZA a collective competitive edge.”

Most recently, the Ajman Free Zone Authority has also launched a new licence category for e-commerce enterprises, in addition to other existing licenses.

His Excellency Mahmood Al Hashemi commented: “By offering this new category of license, Ajman Free Zone Authority is moving with the times, with e-commerce transactions surging in the UAE.

In addition, the Free Zone offers various licensing options ranging from commercial to trading licenses, service to industrial licenses and provision of a competitive warehousing facility, called Smart Warehouse. Smart Warehouse allows investors to lease out space starting from as little as 100 sqm and as the facility is scalable, multiple units can be taken up to suit the clients’ requirements.

Situated at the foot of the Arabian Gulf, the Ajman Free Zone is widely regarded as the ideal location for the supply of goods and services for the domestic and regional markets, allowing investors to reap the benefits. Other lucrative advantages to investing in Ajman Free Zone include inexpensive energy, an extremely economic wage structure, total exemption from all import and export duties and exceptionally low handling charges.

The visiting dignitaries will be presenting more specific details about investment opportunities on offer from the Ajman Free Zone Authority at the business briefing and High Tea, as well as taking part in a Q&A at The London Chamber Of Commerce & Industry on Friday 6th June.

This was posted in Bdaily's Members' News section by Anthony Tattum .