Ajman Freezone
Setting Up Your Business in the Thriving Ajman Free Zone
The United Arab Emirates has emerged as a global hub for entrepreneurs and businesses, and the Ajman Free Zone (AFZ) stands out as a prime location for setting up your venture. With its strategic location, competitive advantages, and streamlined processes, AFZ offers an ideal environment for businesses of all sizes to flourish.
Why Ajman Free Zone?
- Strategic Location: Situated in the heart of the UAE, Ajman provides easy access to major markets like Dubai and Sharjah, while boasting excellent air and sea connectivity.
- Cost-Effectiveness: Compared to other emirates, AFZ offers lower setup and operational costs, making it particularly attractive for startups and SMEs.
- Business-Friendly Regulations: The free zone boasts a simplified regulatory framework with streamlined procedures, minimal bureaucracy, and 100% foreign ownership.
- Diverse Business Activities: AFZ caters to a wide range of industries, from trading and logistics to e-commerce and professional services.
- Excellent Infrastructure: World-class facilities, including advanced IT infrastructure, modern office spaces, and warehousing options, are readily available.
- Supportive Ecosystem: AFZ provides valuable services like business setup assistance, visa processing, and ongoing support to help businesses thrive.
Advantages of Establishing an AFZ Company
- 100% foreign ownership: No mandatory local partnership required.
- No corporate tax: 0% tax on profits and re-invested dividends.
- Full repatriation of capital and profits: No restrictions on transferring funds abroad.
- Simple company formation process: Can be completed within a few days.
- Flexible visa options: Sponsor visas for employees and family members.
- Access to a skilled workforce: Large pool of qualified professionals across various sectors.
Cost of Setting Up an AFZ Company
The cost of establishing a company in AFZ depends on various factors, such as the chosen business activity, type of license, and office space requirements. However, it’s generally more affordable compared to other free zones in the UAE. Basic setup costs can range from AED 6,100 to AED 13,735, excluding additional fees like visas and office rent.
Step-by-Step Guide to Forming an AFZ Company
- Choose your business activity: Define the core activities your company will undertake.
- Select a company type: Decide on the legal structure, such as a sole proprietorship, limited liability company, or branch office.
- Obtain a trade license: Apply for the relevant trade license based on your chosen business activity.
- Secure office space: Lease office space within the AFZ premises.
- Complete company registration: Submit required documents and fees to the AFZ authorities.
- Open a corporate bank account: Choose a bank and open a corporate account for your business transactions.
- Apply for visas (optional): Sponsor visas for employees and family members if needed.