Business Setup in
Ajman Free Zone
Explore Opportunities in One of the Seven Emirates of the UAE
Why Choose Ajman for Your Business?
There are compelling reasons why multinational entrepreneurs should consider establishing their businesses in Ajman. The emirate’s strategic location provides easy access to neighbouring emirates and beyond, with proximity to Ajman and Khorfakkan ports and Dubai International and Sharjah International airports. Additionally, Ajman offers minimal start-up costs, a business-friendly environment that fosters growth, and a plentiful supply of affordable labour.
Business Setup in Ajman Free Zone
Established in 1988, the Ajman Free Zone (UAE) provides a tax-free, fully serviced environment for businesses in the Emirate of Ajman, one of the seven emirates in the United Arab Emirates. The Ajman Free Zone Authority (AFZA) governs this free zone and offers various commercial services, including company formation and registration, visa and immigration assistance, and office and warehouse leasing.
The free zone is a bustling hub that accommodates diverse businesses, from trading and manufacturing firms to service providers such as consulting firms and advertising agencies. The AFZA area strategically offers easy access to ports, airports, and major transportation networks. Companies operating within the free zone enjoy the same legal status as those in other UAE Free Zones, with advantages in trade, imports, exports, contracts, visas, E-commerce, and banking facilities. Compared to other free zones in the UAE, the AFZA free zone provides significant cost savings for entrepreneurs. Consider establishing your business in the Ajman Free Zone and become part of this vibrant business community.
Establishing a Business in the Ajman Free Zone
As mentioned previously, establishing a business in the Ajman Free Zone follows a straightforward five-step process. While not excessively intricate, it necessitates meticulous attention to detail. Any inaccuracies in your application can result in delays or denials. Therefore, collaborating with a professional in the company setup is highly recommended, such as Gulf Access.
When you engage with a business formation expert, you only need to provide essential documentation and information about your business. The professionals will take care of everything else, from managing your license and visa applications to liaising with the relevant departments and authorities. This relieves you of the burden, keeping you informed and ready to commence trading once everything is in place.
Working with an expert streamlines the process and offers additional benefits. For instance, they can facilitate meetings with financial institutions and guide you in selecting the best bank for your business.
Teaming up with a company setup specialist ensures a smooth and efficient start for your business in the Ajman Free Zone.
Advantages of Establishing a Company in Ajman Free Zone Authority
The Ajman Free Zone offers numerous advantages for businesses seeking to establish a presence in the region:
Tax Benefits
Businesses can benefit from a tax-free environment, exempting them from corporate and personal income tax.
Streamlined Administration
The Ajman Free Zone Authority (AFZA) facilitates business setup through diverse packages and support services, simplifying administrative procedures.
Flexible Lease Options
AFZA provides adaptable leasing options for offices and warehouses, allowing businesses to adjust their operations as necessary.
Diverse Business Activities
Companies within the free zone can partake in various activities, including trade, manufacturing, consulting, and advertising.
Access to Key Markets
The free zone’s strategic location ensures exceptional connectivity to the UAE and the broader region, offering significant market opportunities.
Favourable Business Environment
AFZA delivers comprehensive support services encompassing visa and immigration assistance, business development support, and access to networking and promotional events.
100% Foreign Ownership
Foreign investors can enjoy complete operational control by fully owning their businesses in Ajman.
No Currency Restrictions
The absence of foreign currency limitations facilitates international trade within the Free Zone.
Strategic Location
The Free Zone’s proximity to major ports, airports, and road networks ensures excellent regional access.
Diverse Business Community
A thriving community of businesses representing various industries offers extensive networking and collaboration opportunities.
High-Quality Infrastructure
The Free Zone boasts contemporary, well-maintained facilities, including premium office and warehouse spaces, along with reliable utilities and telecommunications services.
Proximity to Major Cities
AFZA is close to major cities such as Dubai and Sharjah, providing access to a substantial and diverse talent pool.
Step-by-Step Guide to Forming an
Ajman Free Zone Company
With the invaluable guidance of a business formation expert, the complex process of establishing a company in the Ajman Free Zone can be simplified into five manageable steps. Their expertise can ensure a thorough and error-free application, potentially securing your business license within one business day.
Begin by deciding on the specific activities your company will engage in, such as accounting, consultancy, hospitality, IT, marketing, trading, or transportation. It’s crucial to list all intended activities on your license application to avoid potential issues later.
Next, select a name for your business. The UAE has specific naming conventions: avoid offensive or blasphemous terms and references to Allah or Islam, and use your full name if you include it. Ensure your chosen name is available for registration. A business formation specialist can help navigate these requirements.
The core step is applying for your license, which varies based on your business type (e.g., branch, Free Zone Company (FZC), Free Zone Entity (FZE)). Typically, you need:
- A passport with at least six months validity for each partner
- One colour photo of each partner
- No Objection Certificate (NOC) if the applicant is a UAE resident
- A business plan for Industrial or Service licenses
For branches: Board Resolution, Memorandum and Articles of Association, Power of Attorney, Certificate of Incorporation, and Registration Certificate A business formation professional can help ensure a thorough and error-free application, potentially securing your business license within one business day.
With your license secured, apply for necessary visas for yourself, your employees, and dependents like family and domestic help. The number of visas depends on your business size and license package. A business formation expert can assist with the visa application process.
Finally, open a corporate bank account. This can be complex for international entrepreneurs due to varying requirements from local and international banks. A business formation specialist can guide you through selecting the right bank and completing the application process.
Cost of Setting Up a Company in
Ajman Free Zone
Determining the cost of establishing a company in the Ajman Free Zone can be complex, as it depends on several factors, including business operations and organizational size. However, it is essential to highlight that initiating a business in a free zone is among the most cost-effective methods of operation in the UAE. Ajman is renowned for its reasonable business expenses, rendering it an appealing choice for businesses with varying budgets.