COMPANY SETUP IN AJMAN FREE ZONE
The Ajman Free Zone (AFZ) was established in 1988 and has since been instrumental in propelling the emirate’s economic development. AFZ has strengthened industry, trade, and finance by attracting a wide variety of businesses with its attractive package of competitive rights and state-of-the-art amenities. The zone’s investment incentives have helped a great many businesses flourish, bringing in huge profits for their owners.
Ajman Free Zone’s Major Benefits for Businesses:
- To have full control over a business or organization.
- 100 percent foreign ownership is allowed.
- Capital and earnings can be moved around without any hassle.
- Immunity from paying income tax as an individual.
- Cost-free entry and departure from a country.
- Discounts on various taxes.
- Affordable fees for using the space.
- Power and electricity at cost-effective rates.
- Rents that are relatively low.
- The availability of cheap labor.
- Strong and well-developed support systems.
- Quick and easy counter service (visas, residence, etc.) due to streamlined procedures.
- Quick and easy processes that typically result in a license being issued within a day.
Types of Ajman Free Zone Licenses:
A wide variety of business license types are available in the Ajman Free Zone.
- Business Licenses.
- E-Commerce Licenses:
- Service Licenses:
Ajman Free Zone Industrial Permits:
- Companies must have at least 51% ownership by citizens of the GCC.
- At least 40 percent of the manufacturing must take place in the Free Zone.
- When shipping goods out of a GCC country, exporters who hold a valid national license pay no customs duties.
Offshore Licenses:
This section is set aside for businesses that operate outside the UAE.
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