Ajman Free Zone
Ajman Freezone is one of the key free zones in the UAE. Termed as AFZ, it is one of the oldest free ports in the UAE, established in 1988. This Freezone resulted in an unprecedented rise in industrial development as it allowed a number of companies to profit and bring in a lot of investments. The AFZ is certainly an established hotspot of emerging as well as established businesses.
With its strategic location at the doorway of the Arabian Gulf, the AJF serves both the Eastern and the Western trade markets. But that’s not all. Here’s a comprehensive list of all the business facilities offered in the Ajman Free zone.
Why set up a business in Ajman?
Exemption from income tax
Exemption from export and import tax
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100% foreign ownership
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100% ownership of the company
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Apart from these aids, SHAMS also provides a variety of offices for creative entrepreneurs. Options ranges from dedicated office spaces, shared office spaces, and creative units which are stand-alone offices and community areas.
Company setup process
Setting up your company in the Ajman Free zone is very straightforward and easy. All you need to do is follow three basic steps to get started. Here are the steps:
- Choose your business type
- Submit the appliance with the documents
- Obtain the business license
- After the completion of these three, the Visa process will commence
There are a few types of licenses you can get for your business. These are E-commerce licenses and service licenses. Then there are Industrial licenses and finally offshore licenses. Ajman also aids in the process of company liquidation, making the process quick and simple. All you need are two things to perform liquidation:
- Bank account closure bank
- Form proof of a rented business facility
Along with these, you also need to close all resident visas. Liquidation is done by the owner or his representative holding an influence of the Attorney. All the documents are sent back to Ajman Freeport.
Along with these, you also need to close all resident visas. Liquidation is done by the owner or his representative holding an influence of the Attorney. All the documents are sent back to Ajman Freeport.Ajman aims to bring to life UAE’s Vision of 2021, creating a mix of regional and international companies growing and flourishing together. The support and aid business owners get from the government along with the policies implemented to allow the healthy growth of any business. To diversify the businesses in the AJF, the port authority is making it even easier for certain businesses such as Food and beverages, health, construction, education, marine, textile, paper, oil and gas, and many more.