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Ajman Free Zone
Ajman Free Zone (AFZA) ( ar, منطقه عجمان الحره) is a free trade zone in Ajman, United Arab Emirates (UAE). First established in 1988, it is one of a number of unbonded free zones in the UAE offering offshore company setup and operation to investors. As of Q1 2018, 12,362 companies operated out of AFZA. The UAE's free trade zones are a major economic contributor, with 2017 exports from UAE free zones of Dhs 225.5 billion in 2017 representing some 19.5% of total exports. Of a total of 45 free zones in the UAE, 30 are located in Dubai. A further ten zones are currently under construction in the country. Business Services All businesses in the UAE require a trade license, which is renewed annually. Onshore trade licenses are only available with 49% foreign ownership, requiring a local partner or sponsor. Sponsorship fees can range from Dhs20,000-2 million per year. A legislative change announced in May 2018 allowed for 100% foreign ownership of onshore businesses, alo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade Zone
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Definition The World Bank defines free trade zones as "small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations". Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services. Synonyms Free-trade zones are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ajman
Ajman ( ar, عجمان, '; Gulf Arabic: عيمان ʿymān) is the capital of the emirate of Ajman in the United Arab Emirates. It is the fifth-largest city in UAE after Dubai, Abu Dhabi, Sharjah and Al Ain. Located along the Persian Gulf, it is engulfed by the larger emirate of Sharjah in territory. History Al Bu Kharaiban Nuaimi rule in Ajman started in 1816, when Sheikh Rashid bin Humaid Al Nuaimi and fifty of his followers took the coastal settlement of Ajman from members of the Al Bu Shamis Nuaimi tribe in a short conflict. It wasn't until 1816 or 1817, however, that the Ajman fort finally fell to Rashid's followers and his rule was endorsed by the powerful Sheikh of neighbouring Sharjah and Ras Al Khaimah, Sheikh Sultan bin Saqr Al Qasimi. On 8 January 1820, following the sack of Ras Al Khaimah by a British force led by Sir W.G. Keir, Sultan bin Saqr signed the General Maritime Treaty with the United Kingdom on 4 February 1820, followed on 15 March by Rashid bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (Middle East, The Middle East). It is located at the eastern end of the Arabian Peninsula and shares borders with Oman and Saudi Arabia, while having maritime borders in the Persian Gulf with Qatar and Iran. Abu Dhabi is the nation's capital, while Dubai, the List of cities in the United Arab Emirates, most populous city, is an international hub. The United Arab Emirates is an Elective monarchy#United Arab Emirates, elective monarchy formed from a Federal monarchy, federation of Emirates of the United Arab Emirates, seven emirates, consisting of Emirate of Abu Dhabi, Abu Dhabi (the capital), Emirate of Ajman, Ajman, Emirate of Dubai, Dubai, Emirate of Fujairah, Fujairah, Emirate of Ras Al Khaimah, Ras Al Khaimah, Emirate of Sharjah, Sharjah and Emirate of Umm Al Quwain, Umm Al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ajman Free Zone
Ajman Free Zone (AFZA) ( ar, منطقه عجمان الحره) is a free trade zone in Ajman, United Arab Emirates (UAE). First established in 1988, it is one of a number of unbonded free zones in the UAE offering offshore company setup and operation to investors. As of Q1 2018, 12,362 companies operated out of AFZA. The UAE's free trade zones are a major economic contributor, with 2017 exports from UAE free zones of Dhs 225.5 billion in 2017 representing some 19.5% of total exports. Of a total of 45 free zones in the UAE, 30 are located in Dubai. A further ten zones are currently under construction in the country. Business Services All businesses in the UAE require a trade license, which is renewed annually. Onshore trade licenses are only available with 49% foreign ownership, requiring a local partner or sponsor. Sponsorship fees can range from Dhs20,000-2 million per year. A legislative change announced in May 2018 allowed for 100% foreign ownership of onshore businesses, alo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Company Registers
This is a list of official business registers around the world. There are many types of official business registers, usually maintained for various purposes by a state authority, such as a government agency, or a court of law. In some cases, it may also be devolved to self-governing bodies, either commercial (a chamber of commerce) or professional (a regulatory college); or to a dedicated, highly regulated company (i.e., operator of a stock exchange, a multilateral trading facility, a central securities depository or an alternative trading system). The following is an incomplete list of official business registers by country. Types of registers A business register may include data on entities, as well as on their status for various purposes. Examples of such registers include: * company register — a register of legal entities in the jurisdiction they operate under, for the purpose of establishing, dissolving, acquisition of legal capacity and (in some cases) jur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1988 Establishments In The United Arab Emirates
File:1988 Events Collage.png, From left, clockwise: The oil platform Piper Alpha explodes and collapses in the North Sea, killing 165 workers; The USS Vincennes (CG-49) mistakenly shoots down Iran Air Flight 655; Australia celebrates its Australian Bicentenary, Bicentennial on January 26; The 1988 Summer Olympics are held in Seoul, South Korea; Soviet Union, Soviet troops begin their Soviet-Afghan War, withdrawal from Afghanistan, which is completed the 1989, next year; The 1988 Armenian earthquake kills between 25,000-50,000 people; The 8888 Uprising in Myanmar, led by students, protests the Burma Socialist Programme Party; A bomb explodes on Pan Am Flight 103, causing the plane to crash down on the town of Lockerbie, Scotland- the event kills 270 people., 300x300px, thumb rect 0 0 200 200 Piper Alpha rect 200 0 400 200 Iran Air Flight 655 rect 400 0 600 200 Australian Bicentenary rect 0 200 300 400 Pan Am Flight 103 rect 300 200 600 400 1988 Summer Olympics rect 0 400 200 600 8888 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Economic Zones
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Emirate Of Ajman
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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