Jafza To Drum Up Business With China Tour
by Lorys Charalambous, Lowtax.net, Cyprus
18 June, 2014
The Jebel Ali Free Zone in the United Arab Emirates recently conducted a roadshow, comprising workshops and business seminars, in Taipei, Taiwan, and in Shanghai, Hangzhou, and Beijing, China.
Jafza reported that it had received strong interest from companies in these cities in using the free zone as a gateway to international markets.
Ibrahim Mohamed Al Janahi, Deputy CEO of Jafza, said that one of the factors setting the zone aside from the many others in the United Arab Emirates is its strategic central location, with the Jebel Ali Port on one end and the Al Maktoum International Airport on the other. In addition, there will be a rail link passing through the zone once Etihad completes its rail project.
China is the United Arab Emirates's second largest trade partner, with bilateral trade valued at about USD19bn. More than 175 Chinese companies are already based in the Free Zone, employing some 1,100 people.
Jafza offers a number of business incentives, including 100 percent foreign ownership, zero percent corporate tax for 50 years, zero percent import or re-export duties, zero percent personal income tax, and no restrictions on the repatriation of capital and profits.
Jafza said it is planning another major event in China in September this year.
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