Business Setup in Ajman Freezone
Ajman is one of the seven emirates that comprise the United Arab Emirates, and it is home to the Ajman Free Zone (UAE). It was founded in 1988 to give enterprises with a tax-free and fully serviced operating environment. The free zone is governed and developed by the Ajman Free Zone Authority (AFZA). It provides a variety of commercial services, such as company formation and registration, visa and immigration aid, and office and warehouse renting.
Key Benefits of Setting Up in AFZ:
- 100% Foreign Ownership: Complete control over your business.
- Zero Corporate Tax: No corporate tax on profits.
- Strategic Location: Convenient location near Dubai and Sharjah.
- Simplified Procedures: Streamlined company formation process.
- Flexible Licensing: A wide range of license options to suit various business activities.
- Visa Facilities: Easy access to residency visas for yourself and your employees.
- Cost-Effective: Affordable setup and operational costs.
Types of Business Licenses in AFZ:
- Commercial License: Suitable for trading activities like import/export, wholesale/retail, and e-commerce.
- Industrial License: Ideal for manufacturing and industrial activities.
- Service License: Perfect for service-based businesses like consultancy, IT, and engineering.
Steps to Set Up a Business in AFZ:
- Choose a Business Activity: Select the primary activity for your business from the approved list.
- Choose a Legal Structure: Decide on the appropriate legal structure, such as a Free Zone Establishment (FZE) or a Free Zone Company (FZC).
- Document Preparation: Prepare necessary documents, including passport copies, visa copies, and proof of address.
- Submit Application: Submit the completed application form and required documents to AFZ.
- Office Space: Choose an appropriate office space, such as a virtual office, flexi desk, or dedicated office.
- License Issuance: Upon approval, AFZ will issue your trade license.
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