The Ajman Free Zone was established in the year 1988, situated in the Arabian Gulf Coast, UAE. It provides the advantage of serving both the western and the eastern markets due to its strategic location, as it has access to 4 seaports and two international airports. It is the smallest but the most developed free zones of the UAE.
AFZA (Ajman Free Zone Authority) is there to pass all the rules and regulations under the government. This authority issue the Ajman free zone license to the different companies, which come here to establish their business. AFZA also describes all the procedures for business setup.
Benefits of Setting up a Company in Ajman Free Zone
There are a plethora of benefits for inspiring investors due to the strategic and cost-effective location of this free zone. Ajman free zone company formation community enjoy the following benefits:
Tax-free location: In this location corporate tax is fully exempted for companies along with personal income tax. Total exemption even on import-export tax is available there.
- Allow 100% ownership to foreign companies
- 100% repatriation of capital and profits
- Exemption from customs duty for goods and services
- No red tape
- Low labor cost with liberal economic policies and legal framework
Types of Ajman Free Zone License
AFZA (Ajman Free Zone Authority) offers 4 types of business licenses, which they issue according to the business setup in Ajman.
- Trading License
- E-Commerce License Ajman
- Professional License
- Industrial License
- National Industrial License
Cost in AED
One Activity Trading License
Two Activity Trading License
Three Activity Trading License
General Trading License
This above list provides the idea Ajman free zone trade license cost, which automatically affects the Ajman free zone company cost.
How to Start a Company in Ajman Free Zone?
There are various steps that you have to follow for the Ajman Free zone company setup. This iconic location provides all the requirements for your business. But certain decisions have to make before the start of any business such as choosing a company name, type of business to start, type of license that you need to acquire, location of your business decision, and preparing the necessary documents. Then you need to know the documents required to set up a company in Ajman free zone. You need to get all the necessary documents and approvals by submitting all the requisite documents to AFZA, and apply for the registration and visa process. The next main step is to decide the legal entity that you want to establish, there are the following legal entities:
- Free zone establishment(FZE)
- Limited Liability Company in Free zone
- Branch of Foreign Company
- Local company Branch
So as conclusion Ajman Free Zone is one of the most developed and affordable free zones for business setup. We as consultants fulfill all your basic requirements for foreign as well as local investors. So contact us today to start your business and make your dreams true.