Ajman Free Zone Sees 33% Increase in Corporate Tax

0

The Ajman Free Zone continues to witness an influx of corporate tax companies as the UAE prepares for the implementation of corporate tax in 2023. The free zone has seen an increase significant 33% of the number of corporate tax institutions, offering a wide range of financial and tax advisory services.

HE Eng. Ali AlSuwaidi, Managing Director of Ajman Free Zone, said, “Federal corporate tax will become applicable in 2023 and is expected to propel the country forward. Businesses are expected to align their relevant processes to ensure full compliance with the new law and will need the assistance of tax consultancies specializing in this area. As a global business hub, Ajman Free Zone is ready to meet these demands with innovative solutions and cost-effective packages, while facilitating growth opportunities for tax advisory firms. Additionally, we recognize the importance of these entities to improving our performance and ensuring compliance with federal regulations.

“Furthermore, the introduction of corporate tax should position the UAE as an attractive destination for foreign direct investment. This will inspire us to help businesses grow and develop, streamline their business processes and attract more foreign investors who can benefit from the competitive advantages of Ajman, one of the region’s top investment destinations.” , he added.

This growth is a strong indication of the business community’s growing confidence in the free zone’s offerings. To maintain this trust, Ajman Free Zone will continue to empower businesses with its world-class facilities, incentives and comprehensive support as one of the business and investment hubs in the region.

-Ends-

For more information, please contact:
Orient Planet Group (OPG)
Email: [email protected]
Website: www.orientplanet.com

Share.

Comments are closed.