PSX Stock Market

Avanceon has incorporated a subsidiary in Qatar Avanceon QFZ LLC

In a latest notification issued to PSX, Avanceon Limited (PSX:AVN) announced that it has incorporated a new wholly owned subsidiary in the State of Qatar with the name Avanceon QFZ LLC.

The Qatari Government has established Free Zones in Qatar Doha whereby allowing to incorporate Companies with full foreign ownership without having the need of a Kafeel, Tax Holidays/ Zero Corporate Tax and provision of spacious premises/ staging Facility. With the establishment of these Free Zones, QFZA aims to deliver long term solutions by providing an ideal platform for companies looking to expand and improve their business footprint in Qatar and beyond.

The incorporation of company will open the new business opportunities and enhance the quality and efficiency levels of all our current and upcoming projects and will also enable the Avanceon to achieve business plan/goals in a more effective and efficient manner.

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