Ajman Free Zone Company Setup

Ajman Free Zone Company Setup

Ajman Free Zone Authority (AFZA) is widely recognized as entrepreneurs’ heaven today with its package of unbeatable advantages. Strategically situated at the entrance of the Arabian Gulf, Ajman Free Zone is well placed to serve the eastern and western markets to set up a business.

Ajman’s proximity to Sharjah and Dubai provides easy accessibility to the two international airports and four ports. Ajman Port, serving over 1000 vessels in a year, has emerged as an important maritime focal point today. For businesses, acquiring an Ajman Free Zone license, is the best way to find a reasonable location to set up a business.

Advantages of setting up in ajman free zone.

  • As a foreigner you can own it 100% either individually or through your foreign registered company.
  • Your income will be tax free and you can import goods into the free zone duty free. If you re-export these goods you will not need to pay any customs duty.
  • Office & Shops available inside the free Zone area along with Warehouses to store your goods in the free zone area duty free.
  • Your company can do business internationally.
  • A Free Zone registered company can also sell goods in the local markets after paying the customs duty by using the services of a local trader.
  • If your company is licensed as a Service company you can deliver these services from inside the free zone. However your office will need to be in the free zone itself.
  • Like any other free zone company you can use the Dubai’s seaports and airports for shipment of goods by registering your company in Dubai customs to get an import code.
  • A free zone company is also eligible to open a bank account in Dubai.
  • A Free Zone company will also be eligible to apply for residence visas for its employees and owners who can live anywhere in the UAE.

License Type in Ajman Free Zone.

  1. Business License:

    The Trade licenses to setup businesses in Ajman Free Zone, are of four types:

    • Trade license (One activity)
    • Trade license (Two activities)
    • Trade license (Three activities)
    • Trade license (General Trading)
  2. E-Commerce License in Ajman Free Zone.

    AFZ issues E-Commerce Licenses to do business in electronic trading activities and provides technical and marketing support to investors.

  3. Service License.

    AFZ issues Service Licenses for investors carrying out service activities within the free zone such as management, marketing, IT consultancies etc.

  4. Industrial License.
  5. AFZ issues Industrial licenses to investors specialized in manufacturing in UAE, as per the environmental standards and manufacturing policies in Ajman. Ajman Free Zone provides smart stores and warehouses supporting this activity, where all the investor’s requirements can be obtained in one place.

    National Industrial License

    AFZ issues National industrial licenses to industrial organizations that match the following criteria:

    • The organization should be registered with GCC countries’ nationals owning minimum of 51%
    • Minimum 40% of the manufacturing process should be within the Free Zone
    • Organizations having national license qualified to get the license are exempt from customs fees on exports from GCC countries
  6. Offshore License in Ajman Free Zone.

AFZ issues offshore licenses to those desiring to establish an ongoing company. The license allows them to run the business only outside the state and not within the Free Zone.

Offshore companies are described as companies that conduct an insubstantial or zero volume of business within their jurisdiction of incorporation. The International Business Company (IBC) registry allows foreign investors to register offshore companies under any Offshore authority, work over there as a division of Investment authority without the need to establish a physical presence in that country. An offshore company has a restriction to do business inside the country where it is formed. This is also work as a virtual company, you can open bank account and operate international business.

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