Business Setup in Ajman Freezone
Ajman is one of the seven emirates that comprise the United Arab Emirates
Ajman Free Zone Company Setup
Ajman, one of the seven emirates in the UAE, hosts the Ajman Free Zone (AFZA), a tax-free business hub established in 1988. The Ajman Free Zone Authority manages this zone, offering services like company formation, visa assistance, and leasing of offices and warehouses.
This zone attracts various industries such as trading, manufacturing, consulting, and advertising due to its excellent connectivity to major transportation hubs and its cost-effectiveness. With its strategic location and business-friendly services, AFZA serves as an ideal choice for entrepreneurs and SMEs looking for an efficient and affordable setup.
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Why the Ajman Free Zone?
The Ajman Free Zone (AFZA) offers affordability, strategic location, and a business-friendly environment, making it a top choice for entrepreneurs. Its modern infrastructure, tax-free benefits, and access to regional and global markets make it ideal for startups, SMEs, and established companies. AFZA helps businesses with everything from understanding company formation costs to managing visa requirements, providing support every step of the way.
Benefits of Ajman Free Zone Company Formation
Ajman Free Zone attracts many entrepreneurs due to its numerous business benefits. It simplifies setup processes, reduces operational costs, and provides access to strategic logistical advantages. The zone also offers significant tax and investment incentives, making it a top choice for new businesses.
Tax advantages
One of the most significant benefits of the AFZA Free Zone is that it is tax-free, and enterprises are not subject to corporate or personal income tax.
Streamlined administration
The Ajman Free Zone Authority (AFZA) simplifies starting a business by providing a variety of packages and support services.
Adaptable lease options
The AFZA offers enterprises versatile leasing options for offices and warehouses, enabling them to scale their operations up or down according to their needs.
Various business activities
Companies can conduct various business operations in a free zone, including commerce, manufacturing, and services such as consulting and advertising.
Gaining access to important markets
It is well-connected to the rest of the UAE and the rest of the region, giving firms access to large markets.
A favourable business environment
The AFZA offers a variety of support services to firms operating in the free zone, such as visa and immigration aid, business development assistance, and access to a variety of networking and promotional events.
100% foreign ownership
Foreign investors can own 100% of Ajman-based enterprises, giving them complete control over the operation.
No monetary restrictions
Foreign currency limitations do not exist, making it easier for businesses to do international trade.
Strategic positioning
The Free Zone is strategically located near major ports, airports, and road networks, offering firms excellent connectivity to the broader region.
Wide range of business community
A broad community of enterprises from many industries allows networking and collaboration.
Infrastructure of the highest calibre
The Free Zone provides modern and well-maintained infrastructure, such as high-quality office space and access to utilities and telecommunications services.
Location in relation to major cities
The AFZA Free Zone is conveniently located near major cities such as Dubai and Sharjah, giving enterprises a vast and diverse talent pool.
Cost of Setting Up a Business in Ajman Free Zone
The cost to set up a company in Ajman Free Zone usually varies between AED 5,000* and AED 20,000*. This range covers different expenses like the visa cost for Ajman Free Zone, business licenses, and other operational needs.
Your total cost will depend on several factors including the number of visas needed, the type of rental space, and your business activities. However, Ajman Free Zone is known for being one of the most affordable options for establishing a business in the UAE.
Steps for Ajman Free Zone Company Setup
Here’s a simplified guide to setting up a company in Ajman Free Zone:
Define Your Business Activities
First, decide on the activities you want to undertake, such as trading, consultancy, IT services, or e-commerce. Make sure to list all the intended activities in your license application to avoid any issues later.
Choose a Business Name
Select a business name that adheres to UAE regulations. Ensure it is unique, does not contain offensive or religious references, and uses full names rather than initials. Check the availability of your chosen name through a business formation expert to ensure it’s acceptable for registration.
Select a Business Structure:
- Free Zone Establishment (FZE): Suitable for a single shareholder, either an individual or a corporate entity.
- Free Zone Company (FZC): Works well for up to five shareholders.
- Branch of a Foreign Company: Operates under the parent company’s name and does not have a separate legal identity.
Apply for Visas
Once you have your business license, you can apply for visas for yourself, your employees, and their dependents. The number of visas available depends on your business size and license package.
Open a Corporate Bank Account
Open a bank account with a local or international bank. Meeting the bank’s specific criteria is essential, and a business formation specialist can assist in making this process smoother.
This approach ensures clarity and directness in each step of setting up your business in Ajman Free Zone.
How Does Shuraa Business Setup Help?
Setting up a business in Ajman Free Zone offers unmatched benefits, from tax exemptions and 100% foreign ownership to strategic location and cost-effective solutions. Whether you are a budding entrepreneur or an established business owner, Ajman Free Zone provides a platform to thrive. To simplify your setup process and understand the Ajman Free Zone company registration requirements, consult Shuraa Business Setup for expert assistance and end-to-end support.
Frequently Asked Questions
Do you have questions about Ajman Free Zone? We have answers! Browse our frequently asked questions to find the information you need.
No, companies in Ajman Free Zone are generally required to operate within the free zone.
Submit your application via the Ajman Free Zone portal, provide the required documents, and pay the renewal fees.
You can check visa validity through the Federal Authority for Identity and Citizenship (ICA) website or the GDRFA app.
Costs vary based on the license type, business activity, and visa requirements, starting from approximately AED 5,000* to AED 20,000*.
Choose a business activity, select a license type, submit required documents, and pay the fees.
Contact Ajman Free Zone authority, submit your application, and complete payment to receive your business license.
Ajman Free Zone offers licenses for commercial, industrial, e-commerce, professional, and freelancing activities.
Yes, Ajman Free Zone offers installment plans to ease the financial burden on businesses.
