Ajman Free Zone
Ajman Media City Free Zone, also known as Ajman Free Zone, presents the latest opportunity for establishing a free trade zone in Ajman United Arab Emirates. Situated on the western coast, the Emirate of Ajman was shaped by the Al Nuaim tribe, renowned for their bravery and wisdom, migrating from Oman around 1775. Historically reliant on maritime traditions, including fishing and trade, Ajman’s economy diversified under wise leadership to encompass activities such as shipbuilding, pearl diving, and trading. Despite modern developments, its dhow building yard, the largest in the Emirates, remains operational, preserving the emirate’s rich maritime heritage.
Ajman Free Zone Company Formation
Ajman Free Zone (AFZA), founded in 1988, has driven significant industrial development in the emirate. Attracting a diverse array of companies, AFZ provides competitive privileges and facilities that bolster the industry, trade, and financial sectors. Companies capitalising on investment privileges have flourished, yielding substantial investment returns.
Advantages of Operating in Ajman Free Zone Business Facilities
Below are the advantages of operating in Ajman Free Zone Business Facilities:
- AFZA enables investors to establish companies with 100% foreign ownership and trade tax-free.
- Full foreign ownership allowed.
- Seamless transfer of capital and profits.
- Personal income tax exemption.
- Import and export duties exemption.
- Relief from other taxes.
- Competitive rates for facility usage.
- Attractive pricing for power/electricity.
- Favorable leasing rates.
- Access to affordable labour.
- Robust and well-developed infrastructure.
- Efficient one-stop counter service for various transactions (residency, visa, etc.).
- Fast-track procedures, often securing licenses within 24 hours.
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Ajman Free Zone Types of licences
There are 3 types of licences in AFZA, they are as follows:
Industrial Licensing in Ajman Free Zone
- GCC country nationals must own a minimum of 51% for organisation registration.
- At least 40% of the manufacturing process must occur within the Free Zone.
- Organisations with a national license are eligible for customs fee exemptions on exports from GCC countries.
- Offshore Licensing Companies must operate their business outside the UAE.
Business consultants in Ajman Free Zone play a crucial role in Dubai company setup, offering essential information for your business needs. Shuraa Business Setup services encompass all aspects of conducting business in the UAE. Our professional team is prepared to establish your company efficiently and promptly. We welcome your inquiries, comments, and suggestions to enhance our service.
