Fine reduced by 40%in UAE

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News UAE

Ajman Free Zone reduces late licencing penalty by 40 per cent

Ajman Free Zone (AFZ) has gone generous by announcing a 40 per cent reduction in late licensing penalty for all companies registered with the free zone.

Sheikh Ahmed bin Humaid Al Nuaimi, Ajman Free Zone Chairman, approved the decision and said the initiative is aimed at promoting investments in AFZ.

The decision also coincides with the centennial anniversary of the birth of late Sheikh Zayed and goes in harmony with the founding leader's legacy of giving and benevolence for Emiratis and all residents living in the UAE.

The gesture also is in line with AFZ's strategy to encourage and support all its clients and stimulate economic growth in Ajman in particular and the whole country in general.

Source: khaleejtimes