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What are the legal entities permitted in setting up a business in Ajman Free Zone?
A legal business entity in Ajman Free Zone can be one of Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a foreign Company (BFC), and Branch of a UAE Company (BLC).
What is the tax levied in Ajman?
There is neither any corporate tax nor personal income tax levied in Ajman. In addition, there are no requirements for a business in Ajman to prepare annual financial statements or tax returns for authorities, making it easy to manage.
What are the special benefits offered to new investors in AFZA?
AFZA allows 100% foreign ownership and is free from all types of taxes. Trade licenses are issued within 24 hours. Investors have 24 hours accessibility to their offices without any complications or security procedures.
Am I authorized to work and establish companies in other emirates using the Ajman Free Zone license?
Licenses issued by the free zone are valid for commercial operations inside the Ajman Free Zone and cannot be used to establish businesses in other emirates, but can be used to sell goods to other emirates through distributors.
What is the minimum capital required to start working in the business sector in Ajman Free Zone?
For companies or new institutions that fall under the classification of Free Zone Company (FZC) or Free Zone Establishment (FZE), the minimum capital required is AED 183,500, or USD 50,000.
Is a physical office required to set up a business in Ajman?
Yes, to set up a business in Ajman a valid physical address is mandatory for your business/office in Ajman. The minimum space required is 550 square feet. This is a prerequisite for opening a company in Ajman.
Is a local partner required to invest in Ajman Free Zone?
Having a local partner or a sponsor who is a UAE citizen is not a requirement, according to current policies and conditions. The investor is considered the exclusive owner of 100% of the business including freedom of residency on personal guarantee.
What is the minimum capital required to start working in the business sector in Ajman Free Zone?
For companies or new institutions that fall under the classification of Free Zone Company (FZC) or Free Zone Establishment (FZE), the minimum capital required is AED 183,500, or USD 50,000.
Am I authorized to work and establish companies in other emirates using the Ajman Free Zone license?
Licenses issued by the free zone are valid for commercial operations inside the Ajman Free Zone and cannot be used to establish businesses in other emirates, but can be used to sell goods to other emirates through distributors.
What are the special benefits offered to new investors in AFZA?
AFZA allows 100% foreign ownership and is free from all types of taxes. Trade licenses are issued within 24 hours. Investors have 24 hours accessibility to their offices without any complications or security procedures.
