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Monday, October 2, 2023

UAE delegation visits Mysore to attract companies to its Hamriyah Free Zone


The Mysore Chamber of Commerce and Industry (MCCI), in association with ASSOCHAM and the Government of Sharjah, United Arab Emirates (UAE), will organize a one-on-one meeting with senior officials of UAE Hamriyah Free Zone in Mysore on June 12-13 to discuss Benefits for Indian companies looking to expand their business into foreign markets.

A press statement from MCCI said that the main agenda of the meeting was to publicize how Indian companies can expand their business to foreign markets by establishing branches and subsidiaries based in the UAE, thereby entering and occupying other Gulf countries, Africa, Europe markets etc.

“The UAE has long been an attractive destination for entrepreneurs from all over the world due to its developed and diversified economy, excellent infrastructure and transport network, and uniquely low tax regime. Although these may be factors that grab the headlines , but there is another main reason why so many people flock to the shores of the UAE to do business – Free Trade Zones. These are economic zones where goods and services can be traded. Free Trade Zones have 0% tax rate, 100% ownership, preferential tariffs Tax rate and 100% import and export tax exemption.

The meeting with a delegation of senior officials of the Hamriyah Free Zone will be held on June 12-13 at Fortune JP Palace, Abba Road, opposite the Government Guest House, Mysore, from 10 am to 4 pm.

“Businesses can obtain a trading license within 24 hours and the cost of office space is less than Rs 3 lakh per annum including company registration fee and trading license,” the statement said.

While there is no registration fee to attend one-on-one meetings, advance registration is required.

Those interested can register at https://bit.ly/3MfZAEe

If you have any questions, please contact Tarina Basu by mobile phone: +91-9611226411. Email: tarina.basu@assocham.com or Bharathi BR, Tel: 0821-4250246. Email: mccimysore@gmail.com.

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