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UAE's Ajman zone eyes investment from Indian cos

Press Trust of India  |  New Delhi 

A delegation from Ajman Free Zone, today kicked-off a roadshow here to encourage Indian companies to set up offices in the free trade zone.

It also highlighted the incentives being offered on investments in the made in UAE-based zone.

The UAE-based free trade zone offers benefits like 100 per cent foreign ownership, repatriation of capital and profits, no corporate tax, no personal income tax, single-window clearances and cheap energy to businesses interested in setting up an offshore company, the delegation said.

"With a large Indian diaspora residing in and around the Cooperation Council (GCC), and its business community is of strategic importance to us," Mahmood Al Hashemi, General Manager of Ajman Free Zone said.

is one of the top three trading partners of the At present, over 17,000 companies are registered in Ajman Free Zone out of which over 40 per cent are of Indian ownership.

The road shows are being held in three cities including Chennai, Delhi and Mumbai in collaboration with Indian National Bar Association.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 21 2016. 19:22 IST