26/10/2020 Finance and investment | His Excellency Abdullah Ahmad Al-Hamrani
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The corona pandemic has
inflicted damages globally on the business community in various sectors. It has
caused a temporary suspension of a number of economic activities, including
events, and the normal movement of trade. The world is responsible for their
actions, they have launched initiatives to reduce the economic effects of the
global crisis due to the repercussions of the outbreak of the pandemic on these
sectors, and to enable them to overcome the current stage.
The government of the
Emirate of Ajman, including the Department of Economic Development, have
announced packages of economic ease and incentives. They assisted economic
establishments that had temporarily stopped their activities during the crisis,
in implementing the precautionary measures and have exempted them from license
renewal fee for a period of one year on 12 different activities. 1884
establishments benefitted from this exemption.
The suspension of the
fines for delaying the renewal of licenses and warehouse permits was extended
until the end of the year. A number of other new services were launched to keep
pace with the changes, such as freezing a license, administrative cancellation
service, and a leadership program for practicing economic activities inside
homes to facilitate the owners of projects and establishments and to support
their participation in the growth of the local economy.
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