Ajman, one of the seven emirates of the United Arab Emirates, is home to the Ajman Free Zone, established in 1988 to provide a tax-free and fully serviced environment for businesses. The free zone offers many valuable services, including company formation and registration, visa and immigration support, and office and warehouse rentals. Ajman has many free zones providing the same services; one of the famous ones is the Ajman Media City Free Zone and the Ajman Free Zone.
The Free Zone accommodates many types of businesses, including trading, general trading, manufacturing, and service sectors such as consulting, marketing, and advertising. Benefiting from excellent connectivity to ports, airports, and major road networks, businesses operating within AFZA enjoy the same legal status as those in other UAE free zones.
AFZA Free Zone facilitates trade, imports, exports, contracts, visas, e-commerce, and banking activities, making it a comprehensive hub for business operations. AFZA is committed to providing affordable and cost-saving opportunities for startups and entrepreneurs. It is famous as a low-priced alternative to other free zones in the UAE. If you’re considering starting your business in the Ajman Free Zone, it offers a strategic and affordable location with growing potential for growth.
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There are several benefits to setting up a company
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.
The cost of a trade license helps foreign investors open companies intending to conduct business trading activities there.
AFZA Free Zones Authority issues e-commerce licenses to companies that operate electronic trading businesses through websites and online platforms. It also helps provide technical and marketing support to investors in the UAE.
The Authority issued an Ajman free zone offshore company formation license to those who wish to set up an international business in a Free Zone company with no local physical business and other benefits similar to those of free zones in the United Arab Emirates.
Ajman company formation in the free zone region allows businesses to operate in the services industry. AFZA provides professional services for license activities such as IT consulting, management consulting, and marketing, among many others.
An industrial license is issued to foreign UAE companies that wish to carry out manufacturing activities in the Free Zone as per the manufacturing policies and environmental standards in Ajman. The Authority provides innovative stores and warehouses to facilitate this activity. It helps to ensure that all the investor’s requirements are obtained in one place.
The AFZA Authority has an online customer portal that allows registered companies to access various services and Information related to their business. A customer portal is accessible from the AFZA official website and requires a login, password, or sign-up. Once logged in to an online portal, companies can access the following services:
The customer E-portal is convenient and efficient for managing business. Companies are encouraged to check the customer portal regularly for important updates and Information.
Free Zone established in 1988, provides a strategic business setup with 100% foreign ownership, tax exemptions, and simplified regulations, making it popular for startups and international businesses.
Free Zone (AFZ) provides various business licenses for multiple industries, including trading, e-commerce, manufacturing, service, freelance, and offshore operations, each with specific requirements and benefits.
Yes, you can obtain a UAE residency visa when setting up a business in Ajman Free Zone (AFZ). The free zone offers business owners, employees, and investors visa options.
Ajman Free Zone provides various office space options, including smart offices, executive offices, flexible desks, warehouses, industrial spaces, business centers, and co-working spaces, with flexible leasing terms and 24/7 access.
Ajman Free Zone (AFZ) permits numerous business activities. Still, certain industries require special approvals, such as financial services, cryptocurrency trading, healthcare, education, oil and gas, gambling, tobacco trade, security, media, and real estate brokerage.
Yes, you can open a bank account for your Ajman Free Zone business in the UAE. You'll need to provide documents like your trade license, passport copies, and proof of address. The bank will guide you through the process. It usually takes a few days to a few weeks to complete.
To open a business bank account in the UAE, choose a bank that suits your needs, prepare the required documents, complete the application process, check the minimum balance and fees, wait for approval, and access banking services. Advantages include full access to the UAE banking system, multiple currency payments, secure online banking options, and corporate cards and cheques.
To close your Ajman Free Zone company, settle outstanding dues, notify the Ajman Free Zone Authority, cancel visas and work permits, liquidate assets, return company documents, submit final tax returns, receive a deregistration certificate, and close business bank accounts. This process may take weeks, depending on the business's complexity.