The United Arab Emirates has attracted investors and business owners from across the world because of its lucrative and investor-friendly business environment.
A free zone Company setup in Ajman Free Zone offers significant advantages ranging from its top-notch infrastructure, strategic location, and business-friendly policies. We’ll provide you with a thorough analysis of AFZ in this blog post, along with reasons why it’s the ideal location for your UAE company.
Why is Ajman Free Zone a Prime Location for Businesses?
Ajman Free Zone’s advantageous location makes it a prime location for firms in the United Arab Emirates. Established in 1988, it is strategically located and has easy access to growing domestic and international markets in Asia, Africa, and Europe.
What are the benefits of Setting up a Business in Ajman Free Zone?
An Ajman Free Zone Business Setup is the most profitable option for global investors in the UAE due to several benefits it offers, which include:
- Foreign ownership: Unlike a mainland business setup, for a company setup in Ajman-free zone, foreign investors and business owners do not require a local partner.
- Tax incentives: 100% exemption from corporate tax and import and export duty taxes are some of the most significant advantages offered by the Ajman Free Zone.
- Repatriation of profits: Ajman Free Zone business setup offers another lucrative benefit, which is 100% repatriation of profits, which means foreign businesses established here are allowed to bring back all the profits and financial assets earned to their home country.
- Supportive environment: Foreign investors are provided with a supportive environment, including cost-effective Company setup in Ajman, investor-friendly policies, strong legal protection, and simplified licensing procedures.
- Modern infrastructure: Ajman free zone offers access to modern infrastructure, which features a variety of offices (fully furnished or semi-furnished, shared or private), top-notch transportation, and technical facilities.
- Zero currency restrictions: Zero currency restrictions are offered by AFZ to businesses operating here, which means they are not restricted by any regulation on foreign exchange.
How to obtain a Business License in the Ajman Free Zone?
The procedures below can be used to get an Ajman free zone license:
- To cater to all the needs of businesses, the AFZ authority offers a variety of Ajman free zone licenses, which include trading licenses, industrial licenses, freelancers licenses, service licenses, E-commerce licenses, etc. You can choose a license that satisfies the demands of your Company setup in Ajman.
- AFZ authority offers a business-friendly atmosphere, by providing a variety of office spaces and Company setup in Ajman facilities for employees, tailored for the different needs of small, medium, and expanded businesses.
- If your firm is opening a branch office in the Ajman free zone, submit an application to the AFZ authority for the branch office’s registration using the same name as the parent company and the necessary documentation. Select a distinctive name for your business that satisfies the requirements for company registration if you’re setting up a new company set up in Ajman.
- Put together the mandate documents, like a detailed business plan, stakeholders’ passport copies, owner’s passport copies, financial report, etc., and submit them along with the Company setup in Ajman and carefully filled application for the Ajman free zone license.
- After submission, you’ll be provided with an initial approval for your business setup by AFZ authority. If there are any problems, the authority will notify you regarding the next procedure.
Ajman Free Zone Company Setup Costs and Packages:
The Ajman Free Zone Authority offers costs and package options for company setup in Ajman that range from AED 5,000 to AED 20,000.
Some examples of Ajman trade license costs for different business setups are:
- Professional company: AED 5,000
- Normal trading company: AED 6,000
- General trading company: AED 14,000
- Trading license and virtual office: AED 12,000.
Industries Thriving in Ajman Free Zone:
- Textiles: More than 300 textile-based companies are thriving in the Ajman-free zone, reinforcing the second-most contributing industry to the UAE’s strong and stable economy.
- Food and Beverage: The UAE food service sector is greatly contributed by over 420 food and beverage companies successfully conducting business in the Ajman free zone.
- Tourism: Nearly 50 travel companies and 17 cultural tourism companies that offer art and cultural, recreational activities, and iconic landmarks venture packages in the UAE are successfully thriving in AFZ.
How Start Any Business UAE Simplifies Your Ajman Free Zone Setup?
Take the assistance of the experts at the leading management consultancy, Start Any Business (SAB), in the UAE for a successful company set up in the Ajman free zone. We have the expertise of 10 years in the industry and have assisted over 500 companies in successfully establishing themselves in the Emirates.