Doha, Qatar – Avanceon Limited has incorporated a new wholly owned subsidiary in the State of Qatar with the name Avanceon QFZ LLC as a Limited Liability Company under the Companies Regulations of Qatar Free Zones Authority (QFZA).
The State of Qatar has established Free Zones in Doha, Qatar whereby allowing companies to incorporate with full foreign ownership without the need for a Kafeel (100% foreign ownership). Further incentives the Free Zones will provide include renewable 20-year tax holidays, zero corporate tax, zero customs duty and no personal income tax. Furthermore, the free zones will provide spacious premises/staging facilities and access to a skilled and flexible workforce.
With the establishment of free zones, the State of Qatar through QFZA aims to build long term partnerships by providing businesses an ideal and sustainable environment.
The incorporation of Avanceon QFZ LLC will open new business opportunities and improve the quality and efficiency levels of all our current and upcoming projects. This will enable Avanceon to achieve its future business plans/goals in a more effective and efficient manner.
The Incorporation Certificate is attached for reference.
For more information about this subsidiary, contact investors@avanceon.ae
—End of News Release—
About Avanceon – (PSX: AVN) – Avanceon is an industrial automation consultation and system integration entity in Pakistan, Qatar, UAE, KSA and United States. The company follows an ethical, proactive and sustainable approach to business. As a leading innovator within the automation industry, Avanceon provides state of the art automation solutions on three continents. Established in 1984, Avanceon is committed to providing engineering excellence to its clients and partners. Providing end to end solutions, which include Design, Supply, Engineering, Installation, Testing, Commissioning and Maintenance, Avanceon’s executive management has more than a hundred years of experience and insight within the automation and system integration industry.
Find out more about Avanceon at www.avanceon.qa
About Qatar FZA – The Qatar Free Zones Authority (QFZA) is an independent authority created in 2018 to oversee and regulate world class free zones in Qatar, offering outstanding opportunities and benefits for businesses seeking to expand globally.
For more information about the Qatar Free Zones Authority, visit www.qfz.gov.qa
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