Ajman Free Zone announces 40% reduction in late licensing penalty

Ajman Free Zone announces 40% reduction in late licensing penalty

Ajman Free Zone (AFZ) has announced a 40 percent reduction in late licensing penalty for all companies registered with the free zone. Chairman of the Ajman Free Zone, Sheikh Ahmed bin Humaid Al Nuaimi, approved the decision which also coincides with the centennial anniversary of the birth of late Sheikh Zayed bin Sultan Al Nahyan.

The decision goes in harmony with the founding father’s legacy of giving and benevolence for Emiratis and all residents living in the UAE. The initiative is aimed at promoting investments in AFZ and is a part of AFZ’s strategy to encourage and support all its clients and stimulate economic growth especially in the Emirate of Ajman and the whole country in general.