One of the seven emirates that make up the United Arab Emirates, Ajman is home to the free economic zone known as the Ajman Free Zone. (UAE). It was established in 1988 to provide businesses with a tax-free and fully serviced environment in which to operate. The Ajman Free Zone Authority (AFZA) regulates and develops the free zone. It offers a range of services to businesses, including company formation and registration, visa and immigration assistance, and office and warehouse rental.
The Free Zone is home to various businesses, including trading and manufacturing companies and service providers, such as consulting firms and advertising agencies. AFZA is a broader region with easy access to ports, airports, and major road networks. Companies have the same legal status inside the UAE as any other UAE Free Zones Companies in trade, imports, exports, contracts, visas, E-commerce, and Banking Facilities. AFZA free zone aims to provide crucial cost-saving benefits for entrepreneurs compared to other free zones within all UAE Emirates. You Want to Start a Business in Ajman Free Zone
Benefits of Ajman Free Zone Authority Company Formation
There are several benefits to setting up a company in the Ajman Free Zone:
- Tax benefits:
One of the main advantages of the AFZA Free Zone is that it is tax-free, and companies based in the free zone are not subject to corporate or personal income tax.
- Simplified bureaucracy:
The Ajman Free Zone Authority (AFZA) streamlines the process of setting up a business, offering a range of packages and support services to help businesses get started.
- Flexible leasing options:
The AFZA offers flexible leasing options for offices and warehouses, allowing businesses to scale up or down as needed.
- Access to major markets:
It is well-connected to the rest of the UAE and the wider region, providing businesses access to major markets.
- Range of business activities:
Free Zone allows companies to engage in various business activities, including trading, manufacturing, and services such as consulting and advertising.
- Supportive business environment:
The AFZA provides various support services to businesses based in the free zone, including visa and immigration assistance, business development support, and access to various networking and promotional events.
- 100% foreign ownership:
Foreign investors can fully own companies based in Ajman, allowing for complete control over the business.
- No currency restrictions:
No restrictions on foreign currencies make it easier for companies to conduct international business.
- Strategic location:
The Free Zone is near major ports, airports, and road networks, providing businesses with excellent connectivity to the rest of the region.
- Diverse business community:
Home to a diverse community of businesses from various industries, providing networking and collaboration opportunities.
- High-quality infrastructure:
Free Zone offers modern and well-maintained infrastructure, including high-quality office and warehouse spaces and access to utilities and telecommunications services.
- Proximity to major cities:
The AFZA Free Zone is just a short distance from major cities such as Dubai and Sharjah, providing businesses with a large and diverse talent pool.
Free Zone Ajman Companies List Allowed for AFZA
Ajman Free Zone allows for the registration of multiple entities, including Free Zone Establishment (FZE) and Free Zone Company (FZC) entities. These entities can be 100% foreign-owned, engage in commercial and industrial activities, and offer the option to register a Branch Office of a foreign or local company. The authority does not specify the maximum number of entities that can be registered.
Ajman Free Zone Authority (AFZA) allows for the following types of business formation:
- Free Zone Establishment (FZE):
Free Zone Establishment (FZE) is a one-shareholder company permitted to participate in both commercial and industrial activities.
- Free Zone Company (FZC):
The company has more than 2-shareholder that can also engage in commercial and industrial activities.
- AFZA Free Zone Entity
- AFZA Free Zone Company
- Branch of a Local Company
- Branch of a Foreign Company
Ajman Free Zone license Categories and Business License Setup Packages Cost