Since its founding in 1988, Ajman Free Zone (AFZ) has played a leading role in creating an atmosphere that is favorable for trade and business establishments. Situated in the emirate of Ajman, this free zone offers a wide array of amenities and services, rendering it a perfect option for both businesses and entrepreneurs.
Unique Features of AFZ
- Located in Ajman, one of the United Arab Emirates’ seven emirates, AFZ benefits from a prime location that puts companies close to important regional markets, promoting global trade and logistics.
- To meet the various needs of companies of all sizes, including startups and well-established companies, AFZ provides a wide range of business facilities, such as contemporary office spaces, warehouses, and land plots.
- AFZ offers industry-specific zones that serve a range of industries, including technology, manufacturing, logistics, and more, enabling companies to align with their industries’ demands.
- AFZ has demonstrated its commitment to sustainability by integrating eco-friendly practices and green initiatives into its infrastructure, thereby aligning with worldwide efforts towards environmental responsibility.
Types of licenses available in AFZ
AFZ offers three types of licenses:
- Trade License
- Professional License
- Industrial License
- E-commerce License
Benefits of setting up a business in AFZ
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- 100% repatriation of capital and profits
- Simplified immigration process
- No currency restrictions
The process of setting up a company in AFZ mainly includes:
- Choose the type of license
- Choose your type of facility
- Choose a company name and structure
- Submit the signed application forms with required documents
- Obtain initial approval
- Obtain commercial registration (CR)
- Open a corporate bank account
The documents required for company formation in AFZ include but not limited to:
- Passport copy and passport size picture of the director
- Passport copy, passport size picture and UAE visa of the General Manager
- Residential address, phone number, and e-mail
- Company name
- Business activity
- Business plan
Additional documents required for setting up a branch:
- Memorandum of Association (MoA)
- Board resolution
The permitted legal entities in AFZ are:
- Free Zone Establishment (FZE)
- Free Zone Limited Liability Company (FZ LLC)
- Branch of a local company
- Branch of a foreign company
The costs of setting up a company in AFZ will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
No, you do not need a local partner to set up a company in AFZ. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in AFZ, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in AFZ can take an average of 7 business days without external approvals. Empower your business success in AFZ with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.