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Ajman Free Zone
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Ajman Free Zone
A Gateway to Business Success in the UAE
Ajman Free Zone, also known as Ajman Media City Free Zone, is a thriving hub for businesses seeking to establish themselves in the United Arab Emirates (UAE). Situated in the Emirate of Ajman on the UAE’s western coast, this free zone offers a rich history and a modern, business-friendly environment. In this article, we will explore the opportunities, benefits, and services provided by Ajman Free Zone, making it an attractive destination for entrepreneurs and businesses worldwide.
Ajman Free Zone Company Formation
Ajman, a renowned maritime region in the UAE, has a rich history dating back to the 1775 settlement of the Al Nuaim tribe. The economy has been centered around maritime traditions, including fishing and trade. Ajman Free Zone, established in 1988, has transformed the emirate’s industrial landscape by attracting companies and offering competitive privileges. The zone’s mission is to encourage capital investment and create a conducive environment for such investments. It achieves this through policies, information, studies, events, and leveraging qualified human resources. The ultimate goal is to contribute to the economic growth and well-being of Ajman’s society and the UAE.
Business Facilities in Ajman Free Zone Ajman Free Zone offers a host of business-friendly advantages:
- 100% Ownership: Investors enjoy complete ownership of their establishment or company.
- Foreign Ownership: 100% foreign ownership is permitted.
- Capital and Profit Transfer: Easy transfer of capital and profits.
- Tax Exemptions: Exemptions from personal income tax, import and export duties, and other taxes.
- Competitive Pricing: competitive prices on facility usage, electricity, and leasing.
- Skilled Workforce: Access to a pool of low-cost labor.
- Infrastructure: well-developed infrastructure to support business operations.
- Efficiency: streamlined processes, with most licenses issued within 24 hours.
Types of Licenses in Ajman Free Zone
Ajman Free Zone, located near Ajman Airport, offers a prime location and efficient business opportunities. It provides flexible workspaces, warehouses, and housing for workers, making it a hub for health, food, and drink companies. The cost of setting up a business in the Ajman Free Zone varies from AED 11,000 to AED 23,000. The fees depend on licenses, E-channel deposits, registration, visas, medical checkups, Emirates ID, and specific business needs.
Types of Licenses in Ajman Free Zone offers various types of licenses to cater to different business needs
Industrial License
The Ajman free zone license allows for efficient import, manufacturing, and export of goods within the free zone.Commercial License
A commercial license allows you to store, import, export, and distribute entertainment products in the UAE.E-commerce License
An e-commerce license allows you to enter the rapidly growing online business world, leveraging both B2C and B2B channels.Service License
A services license allows you to provide consulting services such as marketing, accounting, and legal expertise across various industries.Offshore License
Foreign businesses or individuals can operate globally with AFZ tax benefits for legal purposes and company registration.Freelancer License
The Freelancer License allows individuals to independently showcase their skills and offer professional services, promoting freedom and flexibility in the work environment.
Ajman Free Zone offers a unique opportunity for businesses to thrive in the UAE due to its rich history, strategic location, and business-friendly environment. Consulting with experienced business consultants is recommended to ensure a smooth and efficient company formation. Silver Oak Auditing and Accounting Staff provides comprehensive services to assist businesses in every aspect of their operations. The team at Ajman Free Zone is always ready to assist with inquiries or suggestions, ensuring your success in this dynamic economic landscape.
Types of Licenses in Ajman Free Zone
- Feature
- Company formation in
- 5-10 business days
- 100% Foreign Ownership
- Minimal Paperwork
- Investor Visa
- 0% Income Tax & Withholding Tax.
- Easy to Open a Bank Account
Business Setup Process
Steps for Company Formation in Ajman Free Zone
- Decide a License Type
- Choose your Office Type
- Apply With Documents
- Pay the Required Fees
- Get Your License
- Begin Business Operations
What is the E-channel in the Ajman Free Zone?
The Ministry has developed an E-channel smart system that streamlines and improves the process of issuing visas and residence permits.
If I have a freelancer license in AFZ, can I hire employees?
One person can be hired and granted a work visa through their employer.
Do I still need to file returns if my income is less than AED 375,000?
If your income is below AED 375,000, you won't be required to pay any tax, but you may need to file a tax return.