Business Registration In Dubai The developments taking place in Ajman, and the growth of industries, can be class as rapid, rather than steady. Businesses, buildings, and centers are sprouting up overnight, not just in Ajman Media City Freezone, but all around the emirate. So far, this growth has brought with it a world of opportunities for startups, investors, and entrepreneurs.
Since many sectors and markets in Ajman are just being set up, businesses have the chance to avail early bird benefits like dominating the market, receiving government concessions, and more.
Recently, Ajman issued its first Gold Card residence visa to Indian businessman Siddique Pallolathil, who is the Director of retailer Nesto Group. This Gold Card is just the first of many that will be issued to businessmen and professionals in Ajman.
Developments are also underway in the health sector. UAE-base Thumbay Group is working on Dh1 billion Medicity project, that will serve more than 20,000 people daily. The Thumbay Medicity will house a health club and spa, hospitals, a medical university, accommodations for staff and students, retail outlets, a pharmacy, coffee shop and restaurant.
AJMAN GOVERNMENT
The Ajman Government has approve a general budget of around Dh 4.1 billion budget, to be use between 2019 to 2021. Out of this, Dh1.380 billion has been set aside for the 2019 fiscal year. A major chunk of the budget, 37% is split between infrastructure, environment and community facilities, 25% will go in economic affairs and improvements in the business registration in dubai , 21% will go in public services, and 17% will be use in public order and safety. The allocation of the budget for developments falls in line with the emirate’s Vision 2021 strategy.
However, while these developments prove to be positive, they have also at certain places cause the government to tighten the leash. The Department of Economic Development of Ajman, has issue a resolution regarding the organization and management of trade fairs and exhibitions. This includes a set of conditions that must be follow. The purpose behind setting these conditions is to safeguard the rights of all parties involve, and to ensure that the trade fairs that are organize in Ajman are in line with the emirate’s laws.
Overall, all the developments that have been taking place in the emirate, especially in Ajman Media City Freezone, are beneficial for the economic health of not just Ajman, but also the whole of UAE.
