Ajman’s free zone in UAE now constitutes of about 2000 Pakistani companies and these companies are increasing by about 20% each year. Pakistan has become the second largest investor group by country in the zone among other investment giants such as India, Russia, China and Europe. According to the statistics of Ali Hussain Fahmi, head of customer service, AFZ, about 2,850 new companies set up their businesses in 2013 followed by 3,370 in 2014.
The statistics are available on the website of AFZ, which state that about 925 new companies were registered in 2010, 789 in 2011 and 948 in 2012. The year 2013 and 2014 held promising prospects and now Ajman is moving forwards by setting up smart ware houses to support these investors. According to Fahmi, they will be initiating the phase 4 of their smart ware houses to assist manufacturing and storing. He said that Ajman was a suitable place for the Pakistani investors to export their product all over the world. Fahmi also informed, that Pakistanis we reinvesting more in trade and services, and so they will try to attract the Pakistani investors towards industries as well. [junkie-alert style=”white”] Ajman Free Zone Authority is trying to attract Pakistani investors towards the industrial sector as well and have relaxed licensing requirements also for this purpose [/junkie-alert]
Ajman offers 100% foreign ownership with the facility of 100% registration of capital and profit. The investors are exempted from personal income taxes. Trading licenses, service licenses, industrial licenses and national industrial licenses for investors are offered by AFZ.