In a groundbreaking move, Ajman Free Zone has established a strategic partnership with Ajman Pay, a smart payment service to provide innovative payment solutions to businesses and start ups. This adds to the numerous advantages a company formation in Ajman has.
Subsequent to the lockdown, the Memorandum of Understanding was signed virtually between Fatima Saleem, Acting GM of Ajman Free Zone, and the Director General of Ajman Department of Finance, Mr. Marwan Ahmed Ali.
What Purpose Does the Agreement Serve
According to Fatima Salem, the agreement will enable companies and startups to expedite and streamline business processes. This vision is in alignment with UAE’s vision of adopting a digital economy. This step will greatly help startups and prospective investors looking into company formation in Ajman
Major benefits of this initiative include cutting down costs and drastically saving time – ensuring customer satisfaction and a hike in revenue. All the key players in the Ajman free zone area are optimistic about the implementation of the smart digital channel.
Some of the services linked with Ajman Pay include but are not limited to new company formation in UAE, licensing, renewal, e-channel, permits, Emirates ID. The end goal of this initiative is to boost the Emirati economy, said Ahmed Al Ali.
Ajman Pay has been meticulously designed and developed to stay abreast of the latest technologies in the digital world. Adhering to international standards, the smart service offers a unified, robust and flexible payment system that ticks all boxes of transactions. With this service, Ajman Free Zone looks set to rival free zones in other Emirates
What’s More
The service also offers a list of financial and statistical reports and information that will enable businesses to take smart decisions. All free zone establishments can seamlessly transfer their existing payment methods to Ajman Pay without any hassle.
Moreover, the service is free as the Ajman government looks to benefit from digital technologies to bridge the gap between businesses and consumers during the current lock down situation.
Ajman free zone is one of the most thriving free zones in Emirates. If you are looking for guidance to set up a business in Ajman, look no further than Emirates Express.
