Rishi Somaiya, Director of Sales said that Ajman Free Zone seeking out Indian e-commerce and other small or medium enterprises to set up their operations in their jurisdiction. The free zone does not require the foreign investor to have a majority local partner to start a business.
Ajman free zone offers Indian investors 100 per cent ownership of their companies with no corporate or personal income tax imposed on them. 100 per cent repatriation of capital and profits are allowed in the free zone. It only takes around 2 hours for a license to be issued in order to create an easy and facilitative incorporation process for its investors.
There are a wide variety of office space available for trading and professional services players. If investors want a land on 20-year contract to set up manufacturing units, they will also be able to renew the contract for another 20 years. The free zone also offers its investors smart warehouses of sizes as low as 100 square metres.
General Manager Mahmood Al Hashemi said that there is a large community of Indian residents in the UAE and across other Gulf Cooperation Council countries. Which is why Indian and their business is very important to the Free zone.