AJMAN, United Arab Emirates--(BUSINESS WIRE)--Ajman Free Zone has started offering installment-based flexible payment options to investors, an innovative initiative that could trigger more investments to the free zone and the UAE in general.
Mahmood AL Hashemi, General Manager of the Ajman Free Zone Authority (AFZA) said that the “new initiative was part of AFZ’s continuing array of investor-friendly measures to catalyse investment flows. Our new business strategy is to offer investment options to a large audience of global entrepreneurs within their respective budgets and requirements.”
“Our flexible investment plans have elicited a robust response from the investor community,” he said.
Under the plan, an investor can pay fees and other charges in monthly, quarterly or half-yearly tranches across a 12-month period, which will also benefit the Small and Medium Enterprises (SMEs) the free zone is increasingly focusing on.
“Our flexible payment plan plus other new initiatives like the Smart Warehouses, Smart and Executive offices have created a positive perception of AFZ that we mean business and we are unique in our outlook towards businesses – that we believe in nurturing entrepreneurships as well while soliciting investments into the free zone,” said Nader Eldesouky, Deputy General Manager, AFZA.
The free zone has been rolling out initiatives to attract SME and other categories of investors. AFZ houses over 7,000 companies and have been promoting the new investment platforms to global investors.
Rishi Somaiya, Sales Director of the Free Zone said, “The endeavor is to offer unparalleled investment and licensing options to investors. The installment plan is a revolutionary concept in the UAE free zone space offering investors a viable option, business continuity with cost-efficiency and will encourage entrepreneurship.”
“We are convinced that such measures are the need of the hour greatly enhancing opportunities to emerging investors and SMEs as they provide a strong rationale to step into entrepreneurship without the worries of parting with big funds,” he said, adding that “the investors can set the frequency of paying from monthly tranches to quarterly or half yearly payments depending on their financials.”
Other inexpensive investment platforms of AFZ include Smart Offices for US$555 a month and Executive offices for only US$777 per month, including the license cost.
*Source: ME NewsWire