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Senegal Interested In Stronger Ties With Ajman Free Zone

by Lorys Charalambous, Tax-News.com, Cyprus

04 March 2016


The General Manager of the Ajman Free Zone (AFZ) Authority, Mahmoud Khalil Al Hashimi, received a delegation from Senegal on March 2, 2016.

The delegation, which was led by the Senegalese Ambassador to the United Arab Emirates, Ibrahim Sawari Sylla, discussed options for increasing economic cooperation between Senegal and the free zone.

During the meeting Al Hashimi outlined the benefits of investing in the AFZ. He said that the AFZ is one of the fastest growing free zones in the region. The business incentives offered by the Zone, in Ajman, one of seven emirates in the UAE, include total exemption from all import and export duties, and no personal or corporate income tax. 100 percent foreign ownership is permitted.

TAGS: United Arab Emirates | tax | business | tax incentives | export duty | corporation tax | Senegal | tax breaks | import duty | trade | individual income tax | free trade zone

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