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Ajman Free Zone
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AJMAN FREE ZONE
Ajman Free Zone
Ajman Free Zone, established in 1988, is one of the United Arab Emirates’ most compact yet highly developed free zones. This strategic free zone benefits from its location, allowing it to cater to both Western and Eastern markets effectively.
Companies operating within the Ajman Free Zone enjoy exceptional connectivity, with access to four seaports and two international airports. All regulations and guidelines in the Ajman Free Zone fall under the jurisdiction of the Ajman Free Zone Authority (AFZA). AFZA is responsible for overseeing the entire business setup process and the issuance of business licenses to companies, ensuring a streamlined and efficient setup procedure.
Advantages of Company Formation in Ajman Free Zone
Company Formation in Ajman Free Zone offers numerous advantages, making it a proven path to success for many entrepreneurs. The key benefits of initiating a company formation in Ajman Free Zone are as follows:
DIC is focused on information technology and provides an ideal environment for IT companies, software development, and digital marketing firms.
There are no personal or corporate taxes, providing a favorable financial environment.
Companies can repatriate 100% of their profits and capital, enhancing profitability.
Ajman Free Zone boasts modern and advanced infrastructure facilities.
Businesses can lease commercial or industrial space for up to 20 years, with the option to extend for an additional 20 years.
The free zone is well-connected to various regions, facilitating trade and business operations.
Quick and straightforward business setup procedures are in place, reducing administrative hassles.
No export or import duties, allowing for cost-effective trade operations.
Offices equipped with modern amenities are readily available at affordable rates.
Reasonable energy charges contribute to cost savings.
Documents Required for Ajman Free Zone Company Formation
The specific documents required may vary based on the type of company you plan to establish. Here’s a general list of documents needed for new business entity formation:
For a New Business Entity :
- Business plan (for commercial or industrial license)
- Copies of the passports of shareholders and the proposed manager
- Passport size photographs (3)
- Three proposed names for the company
For a Branch of a Foreign Company (in addition to the above documents):
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Certificate of Incorporation
- Board Resolution
- Feasibility study report (as required)
- Power of Attorney (if necessary)
For a Branch of a UAE-based Company (in addition to the documents required for a new company, the following are needed):
- Certificate from the Chamber of Commerce and Industry
- Original company license
- Company registration documents
- Prepared business plan (for commercial or industrial establishment)
- Additional documents as requested by the authority
Please note that the specific documentation requirements may vary depending on the nature of your business and other factors. It’s advisable to consult with Ajman Free Zone authorities or a registered business service provider for precise and up-to-date information based on your company’s unique circumstances.
Documents Required for Ajman Free Zone Company Formation
When engaging with a seasoned company formation expert, embarking on your journey to set up a business in Ajman Free Zone becomes a straightforward process, encompassing just five key steps.