Ajman announces new package of economic incentives

iStock

A second package of economic incentives has been announced for businesses and investors in Ajman.

The payment of fines and penalties has been postponed, while hotel and tourism establishments don’t have to pay registration fees until the end of the year.

The government has also cancelled administrative fines for not renewing real estate registrations, in addition to reducing container insurance fees by 50 per cent for the next three months.

The latest measures are aimed at supporting foreign trade, customs, tourism and property sectors.

More from Business

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    11:00pm - 7:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • Nights on Dubai Eye 103.8

    7:00am - 10:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.