The AFZ Full Form stands for the Ajman Free Zone. It is a business-friendly free trade zone located in the Emirate of Ajman, United Arab Emirates. Established in 1988, AFZ has been a pioneer in the development of free zones in the region.
AFZ offers a wide range of services and facilities to attract local and international businesses. It provides a strategic location for companies looking to expand their operations in the Middle East and North Africa (MENA) region.
One of the main advantages of setting up a business in AFZ is the tax-free environment. Companies operating within the free zone are exempt from corporate and personal income taxes. This allows businesses to maximize their profits and reinvest them for further growth.
In addition to tax benefits, AFZ offers other incentives such as 100% foreign ownership, repatriation of capital and profits, and no currency restrictions. These incentives make AFZ an attractive destination for foreign investors and entrepreneurs.
AFZ is home to a diverse range of industries, including manufacturing, trading, logistics, and services. It provides state-of-the-art infrastructure and modern facilities to support the growth and development of businesses. The free zone has its own customs department, which simplifies import and export procedures for companies.
AFZ also offers a variety of licensing options to meet the specific needs of different businesses. These include trading licenses, industrial licenses, and professional licenses. The free zone has a streamlined and efficient registration process, making it easy for companies to start their operations quickly.
Furthermore, AFZ has a dedicated business support team that provides assistance and guidance to companies throughout their journey. The team helps with various services, such as visa processing, legal and administrative support, and access to networking events and trainings.
In conclusion, the AFZ Full Form refers to the Ajman Free Zone, a business-friendly free trade zone in the UAE. It offers a tax-free environment, attractive incentives, and a wide range of services and facilities to support the growth of businesses. AFZ is a strategic location for companies looking to expand their operations in the MENA region.
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