Ajman Free Zone reports surge in e-commerce license
Ajman, United Arab Emirates (April 26, 2020): Ajman Free Zone has witnessed a surge in their e-commerce package where business owners can establish a digital platform to introduce their products online. The package is particularly suited to businesses in the F&B, Fashion & Jewellery, Automotive, Media & Entertainment including events ticketing, industrial equipment and home, office and personal utilities trade.
There has also been a rise in demand for Freelancer and Pioneers Licenses during the past six months. Figures show a triple-fold increase in the issuance of Freelancer Licenses and a six-fold for Pioneers Licenses, available for people aged between 18 and 30, aimed at under graduates, postgraduates and young entrepreneurs.
The move comes in response to the booming e-commerce sector which is growing at the phenomenal rate of 23% every year in the UAE. This is down to a number of factors including the wide-spread use of mobile phones, the retail buying habits of millennials who make up 30% of the UAE population, the tightening of digital payment security measures by financial institutions and the backing of governments cognizant of the escalating potential of e-commerce in securing a robust and progressive economy. On a global scale, the e-commerce sector grew 19% in the past year, and it is anticipated that this will be boosted by the current trend of remote working due to COVID-19. Latest statistics show that 85% of the global workforce is currently working from their home.
Start-ups can take full advantage of AFZ’s digitized services which includes easy online business set up and e-payments through the organisation’s dedicated customer portal. There is also a payment installment option to assist new businesses with initial outlay and cash flow planning, and a complete waiver of the e-channel fee, equating to AED 5,000, a measure which was introduced as part of AFZ’s fiscal relief incentive launched in response to COVID-19.