Local
articles | 06 October 2014

Cypriot entrepreneurs show interest for Ajman free trade zone

More than 75 Cypriot businessmen and investors attended the second session of the Ajman Free Zone, (AFZ) of the United Arab Emirates which was completed in Nicosia, as stated in the announcement by the organizers.

Investors met with representatives of the Ajman Free Zone, and discussed the opportunities available in one of the emerging free trade zones in the world.

The Director General of AFZ Mahmood Al Hashemi confirmed that Cyprus is one of the largest markets for bilateral trade, while Deputy Director General Nader Eldesouky said that this is why the mission of the AFZ returned to the island for the second consecutive year.

The Sales and Marketing Director of Free Zone Rishi Somaiya, presented last Tuesday at the Hilton Hotel in Nicosia three new specific opportunities in Ajman, mainly Smart Storage, Licensing and E-Business and offshore company creation.

Ajman already serves over 10,000 companies and about 100 new companies operate each week in its free zone.

The United Arab Emirates have more than 36 free trade zones. The Ajman Free Zone is one of the three most popular. Ajman is strategically located in the center of the United Arab Emirates, facilitating access to all Emirates.

The Ajman Free Zone offers tax incentives for individuals and legal entities with tax relief on all foreign imports and exports.

Source: Cyprus Mail

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