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Ajman Free Zone (AFZA) (Arabic: منطقة عجمان الحرة) is a free trade zone and one of the designated freezones located in Ajman, United Arab Emirates (UAE).First established in 1988, it is one of a number of unbonded free zones in the UAE offering offshore company setup and operation to investors.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain.Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones.
The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
The National Media Council is interested in setting up relations with a number of media, government and academic institutions in order to achieve its main strategic goals. Such partners include: National Media Institutions, Regional and International Media Institutions, Media Free Zone, Federal and Local Institutions. [3]
[80] [81] [82] Exporting to over 65 countries, the Free Zone has some 256 industrial companies and more than 12,000 companies operated in it. [83] [79] [84] The business activity in Ajman Free Zone grew at an annual growth rate of about 23%, while the licenses issued grew from 1590 in 2009 to 2386 in 2011. The number of issued licenses by Ajman ...
Under Ajman law, Al Zorah is a designated free zone, which allows for 100% foreign ownership of property and businesses and confers tax free status. The 5.4 million square metre development (of which 1 million square metres are mangroves, forming the Al Zorah Nature Reserve) includes five distinct housing districts: the Shores, the Fairways ...
Egypt has nine free-trade zones: [2]. Alexandria Public free Zone; Damietta Public Free Zone; Ismailia Public Free Zone; Keft Public Free Zone; Media Production City Free Zone; Nasr City Public Free Zone