Ajman Free Zone Authority (AFZA) is widely recognized as entrepreneurs’ heaven today with its package of unbeatable advantages. Strategically situated at the entrance of the Arabian Gulf, Ajman Free Zone is well placed to serve the eastern and western markets to set up a business.
Ajman's proximity to Sharjah and Dubai provides easy accessibility to the two international airports and four ports. Ajman Port, serving over 1000 vessels in a year, has emerged as an important maritime focal point today. For businesses, acquiring an Ajman Free Zone license, is the best way to find a reasonable location to set up a business.
The Ajman Free Zone company is a very flexible and easy set up. It supports a wide variety of activities. In contrast to the Fujairah free zone company also facilitates trading activities and allows you to rent a warehouse for manufacturing or storage.
Moreover, their annual fees are amongst the cheapest in the UAE and they offer the cheapest general trading in the entire UAE.
This Free Zone also can be the fastest to set up your business, requires a minimum amount of paperwork, but does require the shareholder to visit the office of the free zone (in Dubai) or issue a power of attorney.
The Ajman Free Zone Company is perfect for international trading or manufacturing businesses.
ADVANTAGES OF SETTING UP IN AJMAN FREE ZONE
- No taxes inside the UAE
- One of the fastest set ups in the UAE
- No annual audit
- No capital requirements
- Ability to open a bank account in Dubai
- Ability to obtain visas
- Perfect for international trading
- Cheap energy
- The most economical wage structure and easy access to vast work force
- Total exemption from all import and export duties
- Total elimination of all service charges and hidden fees
- Exceptionally low handling charges
- 20 years land contract is renewable for another 20 years guaranteeing 40 years tax and customs free operations
- Low lease prices
- World class infrastructure
- Lowest tariffs in the region
- LEGAL ENTITIES PERMITTED
Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a foreign Company (BFC), and Branch of a UAE Company (BLC).
- TYPE OF LICENSES ISSUED
Trading, Services, Industrial & Commercial.
One Shareholder for FZE. Minimum two and maximum five for FZC.
No bearer shares will be allowed. All shares must be fully paid when allocated. No different classes of shares allowed.
- SHARE CAPITAL
Minimum AED 185,000 for FZE / FZC.
Minimum number of Directors Two and Maximum four. No corporate directors allowed.
Every FZE / FZC company shall have a manager. It should be a natural person and his name shall be on license and must be on the visa of the company.
- RESTRICTIONS ON NAME
Names must end with the word "FZE, FZC, BFC or BLC" as the case may be. Location names and religious words are prohibited.
The shareholder has to be physically present either himself or through an attorney at the Free Zone.
It is not compulsory for the company to submit audited financial reports to the Free Zone at this stage.
- FACILITIES OFFERED
Office units, Warehouse, Land & Harbour.
- VISA ELIGIBILITY
Employee Visa depending on size of office, type of company and activity. Investor Visa is available for those above 60 years of age.
- GOVERNING LAW
Companies are subjected to the UAE law in general and for some specific functions law of the Emirates of Ajman.
- OTHER SERVICES
Driving License, and other functions will need to be from the relevant Ajman Government Department.
- DISTANCE FROM DUBAI