New economic incentives for Ajman Free Zone companies

iStock [For illustration]

Eight new economic incentives have been announced for companies registered with Ajman Free Zone.

The stimulus package, which includes significant fee discounts and penalty waivers, is valid until the end of this year.

No fines will be imposed on non-renewal of licences as well as on bounced cheques and cheque replacements.

Firms can also look forward to flexible payment plans while leasing business centres, offices or warehouses, in addition to discounts on company registration and on labour accommodation.

More than 9,000 existing and new customers are expected to benefit from the latest package which is aimed at ensuring business continuity amid the pandemic.

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