Company Formation in
Ajman Free Zone
Company formation in Ajman Free Zone
Ajman Free Zone attracts the foreign investment because of the benefits that it gives to the foreign investors. The other name of Ajman Free Zone is Ajman Free Zone Authority (AFZA) and its location is one of the most attractive of all. The idea of the free zone is quite old and it dates back to 1988. This makes it the oldest free zone of all. AFZA was formed by the amiri decree of 1996 and since then the AFZA is the only regulatory authority that controls all the other free zones of the Emirate of Ajman.
The Ajman port is located at the most ideal place because the emirate is just 30 minutes away from Dubai and 10 mins away from Sharjah. The ideal location of the emirate makes it the best location to invest. Moreover, the Ajman free zone offers many unique benefits to the business community that other zones just think of. Company Formation in Ajman Free Zone, Enjoy seamless business setup, cost-effective solutions, and comprehensive support, making AFZ a hub for thriving enterprises.
The Benefits of Company Formation in Ajman free zone
- Ajman Free Zone is the zone that has its location in the city center and the plus point is that its location is also in the seaport area.
- Ajman, together with Sharjah and Dubai, is part of a tri-city metropolis. Someone knowledgeable about Company Formation in the Ajman Free Zone will tell you that it is not uncommon for people to live in one place and commute to another for employment.
- 100% ownership of business which means that you become the legal owner of the company without the sharing of any partner.
- It provides quick access to other ports and airports of the country.
- It has a variety of business activities, so one can choose the best they like.
- It offers a 20 years of lease period for the warehouse and the lease is renewable for 20 years more.
- Smart offices available for every business.
- Land available for industries at a reasonable rate.
- The energy is uninterrupted and the workforce is available to hire.
Types of Companies in Ajman Free Zone
There are four different types of the companies available in AFZA.
- Ajman Free Zone Entity
- Ajman Free Zone Company
- Branch of Foreign Company
- Branch of Local Company
The Licenses Available in the Ajman Free Zone
The investors who are either local or the foreigners can start business in the free zone after getting the relevant license. The license needs to be in accordance with the business category. At present the AFZA is issuing the licenses in the following categories.
Trading License
Any investor who is intended to do trade in the Ajman free zone needs a trading license. The trading license gives the permission of trading to three different trades.
Ecommerce License
The businesses who are trading online likewise online clothing stores need the ecommerce license to do business in the free zone. It also provides the marketing and technical support to the business activity.
Ecommerce License
The businesses who are trading online likewise online clothing stores need the ecommerce license to do business in the free zone. It also provides the marketing and technical support to the business activity.
Professional Services License
The businesses who are providing the professional services to the companies or other businesses can register themselves as a business in the AFZA. The services like IT consultancy, Content writing consultancy, HR consultancy, Travel Consultancy or any other consultancy news this type of license.
Industrial License
All the local or international industrialists can deploy their industry in the AFZA with 100% ownership. Every industry needs the warehouses and the Ajman Free Zone Authority better understands this. Therefore, there is availability of industry small stores and warehouses as well.
Offshore Licenses
There are businesses or individuals who do not have their physical presence in the AFZA but their businesses can be registered in the AFZA. In this type of license there is no need for any office or shop.
Company Registration in Ajman Free Zone
Main Things to Know Before Registering in the Ajman Free Zone
- Applying and getting the free zone license.
- Office Space inside the Ajman Free Zone.
- No director is required for company setup.
- Non UAE residents can open a business in the zone.
Documents Required for Ajman Free Zone Business Registration
The documents that are required for business registration in Afza are as follows:
- Three different names of the company whether it is FZE or FZC.
- Copy of passport of the manager/applicant.
- The NOC of sponsors if they are residents of the UAE.
- Entry stamp or the visa copy of the applicant if they are on the visit visa.
- Passport sized photograph with white background.
- A business plan especially if you are looking for an ecommerce or professional services license.
- If looking for a branch of a local company then a certificate of incorporation is also needed.
- Copy of trade license for a branch of a local company.