Ajman Free Zone
By taking care of all the legal requirements, we help you establish your business in this thriving market. Our objective is to assist your company in establishing free trade agreements, gaining traction, and making sure you take advantage of all the cutting-edge resources available in the area.
Businesses in the Ajman Free Zone benefit from having access to two international airports and four seaports, which promotes regional business growth. The Ajman Free Zone Authority (AFZ) is in charge of enforcing and overseeing all laws and rules in the Ajman Free Zone. The Ajman Free Zone Authority is in charge of overseeing and managing the entire Ajman Free Zone business setup process and issuing business licenses to companies.
Advantages of Setting Up a Business in Ajman Free Zone
This free zone is a desirable place for investors worldwide to invest in various industries and for the business community to launch new projects due to its advantageous and affordable location.
Ajman Free Zone companies enjoy the following benefits:
1. Commercial Benefits
- Companies in Ajman Free Zone enjoy total exemption from customs duty for goods and services
- Foreign companies can have 100% ownership
- Provision of 100% repatriation of capital and profits
- No red tape
- Liberal economic policies and legal framework
- Labor cost is low
2. Tax Benefits
- Corporate tax is fully exempted for companies
- Personal income tax is also exempted
- Total exemption even on import-export tax
3. Environmental Benefits
- Ajman Free Zone Authority has set business-friendly laws for companies
- The process for setting up a business in Ajman Free Zone is easy and cost-efficient
- The immigration process is simplified and quick for workers
- AFZA has provided single window clearance for multiple government services like licensing, visa services, immigration, etc.
4. Infrastructural Benefits
- Companies enjoy land leasing for 20 years, renewable for another 20 years
- The energy supply is abundant and cheap
- No hidden charges
- Ajman Free Zone has pre-built offices, smart offices, and warehouses to facilitate companies
5. Other Benefits
- No currency restrictions
- No quotas or foreign exchange controls
- Companies have 24-hour security service
- Simple staffing and recruitment procedure for employment by companies
- Companies have access to other services like bank, postal, and advanced communication facility
Ajman Free Zone License Types
Depending on the kind of business setup, the Ajman Free Zone Authority (AFZA) issues four different kinds of business licenses:
1. License to Trade
A trading license is granted to those who engage in trading activities within the free zone region. The Ajman Free Zone Authority has granted the company a single license that allows it to engage in three different activities.
2. License for E-Commerce
An Ajman ecommerce license is the best choice for a business looking to enter the e-commerce space or launch an online venture. Additionally, it offers investors technical and marketing assistance.
3. Professional Certification
Any UAE or foreign businesses that wish to establish themselves in the Ajman Free Zone and offer PRO services, like IT, management, or marketing consulting, must first obtain a professional license.
4. A license for industry
To establish a manufacturing facility in the free zone area, any business engaged in the production of goods must obtain an industrial license from the Ajman Free Zone Authority. Additionally, Ajman Free Zone Authority offers manufacturing companies smart-store services and warehouses.
5. National Industrial License
This license is issued to companies that fulfill the following criteria:
- Should be registered in Ajman but operating in the free zone
- Should be registered with nationals of the Gulf Cooperation Council (GCC) owning at least 51% of the shares of the company
- A minimum of 40% of the manufacturing of the company should be completed within the free zone
Companies with a national industrial license enjoy duty-free exports to the member states of the Arab Gulf Cooperation Council (AGC).
Ajman Free Zone License Cost
The approximate price of obtaining a business license in the Ajman Free Zone is as follows:
License Type | Cost In AED | Cost in USD |
---|---|---|
One Activity Trading License | 21,950 | 5,975 |
Two Activity Trading License | 23,250 | 6,329 |
Three Activity Trading License | 24,550 | 6,683 |
E-Commerce License | 28,050 | 7,636 |
Professional License | 24,550 | 6,683 |
General Trading License | 27,150 | 7,391 |
Business Setup Process in Ajman Free Zone
One of the most famous places to start a business is the Ajman Free Zone, which offers everything you need for your enterprise. However, there are a number of decisions that must be made before you start your business, such as choosing a company name, determining the type of business, determining the type of license that must be obtained, drafting the required paperwork, and, most importantly, choosing a location in the free zone.
Steps to Be Followed for Ajman Free Zone Company Formation
These are the steps you should follow for a business setup in Ajman free zone:
- Firstly, you need to get all the necessary documents and approvals by submitting all the requisite documents to the Ajman Free Zone Authority
- After this, you need to apply for the registration process and the visa process
- Then the next step would be deciding on the legal entity that you want to establish. There are 4 types of legal entities: Free Zone Establishment (FZE), Free Zone Limited Liability Company (FZ LLC), Branch of a Foreign Company, and Branch of a Local Company
- Decide the company name and the nature of business in order to acquire a license from the Ajman Free Zone Authority
Our Role
One of the most developed and reasonably priced free zones in the United Arab Emirates is the Ajman Free Zone. Therefore, it is without a doubt the greatest place in the UAE to set up a business. For both local and international investors and businesspeople, wmbusinessllc is a one-stop shop for solutions and services. All of your business setup needs will be handled by our staff, including bank account services, licenses, registration, paperwork, and other business-related legal requirements.
Get started on your ideal business right now by getting in touch with us to take advantage of our business setup service!