Samvel Vartanyan about Ajman Free Zone (UAE)
On October 7, KKMP Associate Samvel Vartanyan took part in a Business breakfast organized by representatives of Ajman Free Zone (UAE) led by H.E. Ismail Al Naqi, Director General of Ajman Free Zone.

The event was focused on the conditions of doing business in the UAE and Ajman Free Zone and the problems that the Russian business faces in the UAE.

Ajman Free Zone representatives shared the news that to address the problem of bank transfers, a Memorandum of Understanding was signed with Ruya Bank (UAE), which contemplates that an account in Ruya Bank will be immediately opened for any company as soon as it completes its registration in Ajman Free Zone.

This way operating companies will avoid the current problem of having no bank account until the completion of the lengthy process of opening a bank account.    

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