Ajman Free Zone
Free zones are prevalent among businesses that value their privacy. This is due to 100 percent foreign ownership and the lack of an accessible directory of corporate information. Sensitive company data, such as shareholder information, is never made public. Investors and entrepreneurs in each field have easy access to the lively places and services surrounding the UAE. Multiple corporate activities can be carried out inside each free zone authority.
The Ajman Free Zone (AFZ), one of the UAE's oldest Free Zones, has attracted a large number of businesses to take advantage of the investment opportunities. The Ajman Free Zone boosted the UAE's early industrial, commercial, and financial sectors as a consequence.
Furthermore, the Ajman Free Zone companies allow you to profit from Ajman Port, which services over 1000 vessels each year and has evolved into a significant marine centre.
Characteristics of Ajman Free Zone Free Zone
Establishing an Ajman Free Zone company is easy if you are well-versed in the below characteristics.
| Characteristic Type | Characteristic Trait |
|---|---|
| Company Type | Free Zone Company (FZCO) and Free Zone Establishment (FZE) |
| Governing Body | Ajman Free Zone Authority |
| Minimum Number of Shareholders | 1 |
| Minimum Number of Managers | 1 |
| Accounting and Book Keeping Requirements | No |
| Renewal Date | Annual Date of Incorporation |
| Corporate Taxation | 0% |
| Visa Type | Employment Visa Only |
| Ownership | 100 Percent Foreign Ownership |
| Type of Activities | Free-Lance/Industrial/Services/Commercial |
| VAT Percentage | 0% |
| Duty for Import and Export | 0% |
| Duration For Company Formation | 12-13 Days |
| Paid Up Capital | No Paid Up Capital |
| Local Partner Required | No |
Documents Required
- Color Passport Copy
- Visa status copy / Entry stamp copy
- Passport Size Photo
- Other documents depending on the business activity
Banking Partners
Statistics
Compared to the business setup in Dubai, the Ajman Free Zone company formation appeals to those who wish to start a new company from the ground up because of its reasonable prices for young entrepreneurs and a variety of monthly payment options. So, let's have a closer look at the details of this free zone's information:
Let's take a closer look at the details of this free zone's information:
| Founded in the Year | 1988 |
| Population | 42,186 |
| Governing Authority | Ajman Free Zone Authority |
| No. of Companies | 9000 |
| Total No. of International Collaboration | 160 |
| No. of Licenses | 5 |
| No. of Industrial Firms | 256 |
| SME’s Purchased Growth | 11% |
| Licensed Company’s Purchased Growth | 21% |
| Growth in New Registered Companies | 35% |
Registration Process
Complete the Application Form
Submit Your Documents to the Authority
Obtain Your License
Obtain Your Residency Visa
Open Your Bank Account
Terms and Conditions
*Duration is subject to the constraints of the due diligence procedure.
**This would refer to the corporate tax of the company, wherein the operation of the company would take place outside the country of incorporation.
***The required documents must be provided for every individual related to the company.
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FAQs
What does the Ajman free zone trade license cost?
AED 7,500.
What are the available licenses in Ajman free zone?
- E-commerce license
- Trading License
- Industrial license
- Professional service license
- National industrial license
What are the legal entities in Ajman free zone?
- AFZA Free Zone Company
- AFZA Free Zone Entity
- Branch of a Local Company
- Branch of a Foreign Company
Is a visa requires company formation in Ajman free zone?
Not necessary.
What are the facilities available in Ajman free zone?
- Flexi desk
- Offices
- Warehouses
