Ajman Free Zone

A magnetic environment for trade and investment, a wide-spectrum of liberal economic policies covering, supporting, governing & regulating every little aspect of business, and a fecund enclave for growth opportunities are some of the defining features of Ajman Free Zone which was established by the honorable ruler of Ajman back in 1988 with an aim to contribute significantly towards the promotion of international trade and economic growth of the UAE. The Ajman Free Zone Authority (AFZA) is the government organ entrusted with administering, supervising and streamlining all the business activities happening in the Ajman Free Zone. The geostrategic location of Ajman is clearly manifested in its ability to attract trade and investment from both sides of the Arabian Gulf.

The Business Environment of Ajman Free Zone

Ajman has been an emblem of remarkable economic stability and growth. The city has been able to attract a bewildering array of businesses to its fold because of its stable, secure, and business-friendly environment. The location of this city is as such that it can play host to international cross-border trade in a befitting manner.
Ajman Free Zone also derives its attractiveness from the operational efficiency of Ajman Free Zone Authority (AFZA), an administrative arm of the government which is responsible for incorporating, managing and governing businesses & investments. AFZA is also the business and trade license issuing and registration authority. Ajman Free Zone allows businesses to have an exemption from the 51% ownership requirement rule. Ajman Free Zone places no restrictions on the movement of the money. The business environment in AFZ is tax-free with the added advantage coming in the form of very lax import and export duties. The infrastructure for telecommunication and transportation is highly-organized, fully developed, and constantly improving. There is a proper 12 dock port in Ajman which receives a huge number of vessels each year. Ajman is sandwiched between Dubai and Sharjah which makes the flow of trade and investment unproblematic.
The businesses are drawn to the Ajman Free Zone because it allows a generous leasing period of twenty years which is subjected to easy renewals after the lapse of the designated period. A sense of predictability is a unique selling point of AFZ. Ajman Free Zone is also famous for providing top-notch warehousing facilities to businesses. The access to warehousing facilities is fairly easy. The location of Ajman Free Zone combined with the first-rate infrastructure in place helps in attracting and supporting all kinds of business activities and international trade.

Company Incorporation in Ajman Free Zone

The process for company incorporation is hassle-free, uncomplicated, and prompt in Ajman Free Zone. The company formation process and the business friendly environment make Ajman Free Zone an attractive place for setting up the business operations.

The Process of Company Formation in AFZ

KWS-ME offers a whole range of services to help interested investors get their companies registered in the AFZ. KWS-ME offers business support services well-complemented by PRO services and pre-designed or customized business solutions which would help the business from the bottom up.

Benefits of Establishing a Company in AFZ

  • Easy access to a world-class seaport and an airport
  • Stable economic environment
  • Access to top-class office spaces and warehousing facilities
  • A highly-developed and ever-improving telecommunication and transportation infrastructure
  • Strict adherence to a tax-free environment
  • AFZ offers an incorporated company twenty years of lease period
  • Ajman seaport is in the loop of international shipping lanes
  • AFZ offers a truly global experience
  • Land is available to investors at reasonable prices

Type of Licenses issued in Ajman Free Zone

To setup a company in the Ajman free zone, three major types of licenses available. Ajman Free Zone proposes a wide range of business licenses for business setup in AFZ to cope with the requirements ranging from starting a new business to set up an industry.

Trading license in Ajman free zone

Ajman free zone offers trade licenses or commercial license which are appropriate for companies and individuals involved in trading business.Below are the activities permitted under a commercial license and is further categorized into four parts.

  • One activity trading
  • Two activity trading
  • Three activity trading
  • General trading

Services licenses in Ajman free zone

Ajman free zone services license ideal for companies or individuals who would like to participate in providing services like Management Consultancy, Financial Consulting, legal Advisory firm and other such consultancy services.

Industrial license in Ajman free zone

Ajman free zone Industrial license is for companies who would like to partake in manufacturing. AFZ offers a variety of industrial licenses suitable for almost any kind of business. AFZ authority also provides warehouses and smart stores to enhance this kind of activity.

  • Industrial license
  • National Industrial license

Documents required for Ajman Free zone company formation

A FREE ZONE ESTABLISHMENT (FZE)

  1. A passport copy that is valid for a minimum of 6 months.
  2. Entry stamp page copy (or) entry visa copy if the applicant is on visit visa.
  3. A small business plan would be required if it’s a professional or e-commerce license.
  4. Three proposed names for new company setup in Ajman
  5. No objection letter from the sponsor if the applicant has a valid residence in UAE.
  6. Six Passport size photographs (colour) with white background

A FREE ZONE COMPANY (FZC)

  1. A passport copy that is valid for 6 months minimum.
  2. Entry stamp page copy (or) entry visa copy if the applicant is on visit visa
  3. A small business plan would be required if it’s a professional or e-commerce license.
  4. Three proposed names for new company setup in Ajman
  5. No objection letter from the sponsor if the applicant has a valid residence in UAE.
  6. Six passport size photographs (colour) with white background

A BRANCH OF A FOREIGN COMPANY

  1. A certificate of Incorporation of the parent company
  2. A copy of Memorandum of the company.
  3. A valid passport copy for the representative or manager of the company.
  4. Entry visa stamp page copy or visit visa copy (if applicable).
  5. 8 passport size photographs with white background (colour)
  6. A board resolution stating about the branch company in Ajman Free zone
  7. Power of Attorney in favour of a representative or manager duly attested.

A BRANCH OF A LOCAL COMPANY

  1. Trade License copy
  2. Copy of M&A
  3. A passport copy that is valid for 6 months minimum.
  4. 8 passport size photographs with white background (colour)
  5. Entry stamp page copy (or) entry visa copy if the applicant is on visit visa
  6. No Objection Letter from the sponsor if the applicant has a valid residence in UAE

Note: For international companies the documents of the parent company shall be attested by the UAE Embassy in the country of origin and the Ministry of Foreign Affairs in the UAE.

Benefits of Business Setup & Company Formation in Ajman Free Zone (AFZA)

  • Ajman Free Zone company formation provides fast track license processing for the formation of companies
  • Ajman Free Zone company setup is the only downtown free zone in the UAE
  • Ajman Free Zone allows 100% foreign ownership for Company formation
  • Ajman Free Zone offers 100% of repatriation of capital and profits for businesses within the Free Zone
  • Ajman Free Zone does not levy any import or export duties no personal corporate tax
  • Ajman Free Zone does not levy any income tax
  • Companies in the Ajman Free Zone company benefit from 100% import and export tax exemptions
  • Ajman Free Zone has cost effective and uninterrupted energy available for industries
  • Ajman Free Zone does not levy service charges or hidden fees
  • Skilled workforce from across the globe is available in the Ajman Free Zone
  • Company setup in Ajman Free Zone has a cost effective wage structure
  • Ajman Free Zone provides state of the art infrastructure for new and establish business
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