Ajman Chinatown is located in Ajman Free Zone and is invested, constructed, operated and managed by Hunan Boshen Industrial Group Co., Ltd. After opening in 2010, it was expanded in 2014. The project has obvious location advantages. It is located on the western coast of the UAE and radiates to more than 50 countries around the world. It is a distribution center for re-export trade in Asia, Africa and Europe. It is surrounded by world-class airports, ports, highways and communication facilities. It is only 25 kilometers away from Dubai. It can reach more than 100 countries in the world by air and all over the world by sea. The transportation is very convenient.
Ajman Chinatown is large in scale, covering an area of 2 square kilometers. The first phase has a total investment of US$2.049 billion, a construction area of 280,000 square meters, and 13 trade halls have been built. The first 8 venues are business areas, and the last 5 venues are logistics and warehousing areas. There are more than 2,100 companies settled in, of which 1,700 are Chinese companies. 90% of the sales and operations are Chinese products, and there are more than 10,000 employees. The annual cargo throughput exceeds 2.1 million tons, the average daily container unloading is nearly 60, and the average daily passenger flow is more than 40,000 people. It mainly sells more than 10,000 kinds of Chinese products such as clothing, shoes and hats, home furnishings, lamps, building materials, etc., and also has supporting service facilities such as catering, amusement parks, and central viewing areas.
In terms of policy, except for 5% import tariffs and 5% commodity value-added tax, the company is exempt from all other taxes and fees, is not restricted by the guarantor clause, can own 100% of the company's equity, and all funds and profits can be repatriated to the country without foreign exchange restrictions. In addition, a green channel for company registration and license business is set up specifically for Chinatown. With such favorable policy support, Ajman Chinatown has developed rapidly. In 2015, it was rated as the first batch of provincial-level overseas economic and trade cooperation parks in Hunan Province, and in 2019, it was recognized by the Ministry of Commerce as the first batch of national-level international marketing service public platforms and many other honors. Today, the second phase of Ajman Chinatown is also under preparation, with a total investment of US$1.479 billion, an additional construction area of 500,000 square meters, and an estimated annual output value of US$8 billion. It will create more specialized parks, such as the China Domestic Brand Automobile Logistics Park and the China Smart Appliance Park, to further promote industrial upgrading and development.
Zhuoxin Consulting relies on its Chinese service network and Dubai executive team to provide professional one-stop business services without communication barriers for Chinese companies to enter the Middle East market. Its business covers company establishment and maintenance, accounting and taxation, bank account opening, PRO services and business services.
Zhuoxin Consulting has high-quality business resources and maintains close cooperation with many free zones, bankers and tax departments in the UAE to escort your expansion in the Middle East market.