Ajman Free Zone: A Hub for Business Growth and Innovation
Established in 1988, Ajman Free Zone (AFZ) has grown to become one of the most progressive and established free zones in the United Arab Emirates (UAE). With its strategic location, modern infrastructure, and cost-effective business setup packages, AFZ has become a leading investment destination in the region, attracting investors from all over the world.
A Flourishing Business Ecosystem
Ajman Free Zone is home to over 9,000 companies from more than 160 countries, making it a rapidly growing business hub in the region. It is not only a preferred destination for large corporate groups but also a nurturing ground for Small and Medium Enterprises (SMEs), startups, and freelancers. The free zone offers top-notch business setup services, modern facilities, and attractive incentives, making it an ideal choice for foreign investors. Its flexible and progressive regulations further aid the business setup process, fostering an environment conducive to business growth and innovation.
Licensing Opportunities in Ajman Free Zone
Ajman Free Zone offers a variety of licenses tied to lucrative business activities in the region. Investors are advised to research the trade licenses and related activities before approaching the Free Zone Authority. Here are the types of licenses issued by AFZ:
Commercial License
Industrial/ Manufacturing License
Service License
E-commerce License
Freelancer Package
Pioneer Package
Business Segments of Focus in Ajman Free Zone
While AFZ caters to the needs of thousands of businesses from a wide range of sectors, it has identified certain sectors that are well-positioned for long-term growth. These include the Food and Beverage, Automotive, Health & Beauty, Construction, Education, Agriculture, Oil & Gas, Paper & Packaging, Jewellery, Media, Marine, Textile, Advanced Technology, Sports, Chemical Industry, and Trade sectors.
Types of Companies Recognized in Ajman Free Zone
AFZ offers a variety of legal structures for businesses, including Free Zone Establishment, Free Zone Company, Branch of a Local Company, and Branch of a Foreign Company.
World-Class Facilities in Ajman Free Zone
AFZ provides first-class facilities to cover all the basic requirements of businesses operating within the free zone. These include Executive Offices, Co-working Spaces, Freelancer & Pioneers Hub, Warehouses for Lease, Land Plots for Lease, and Onsite Labour Accommodation.
Benefits of Company Formation in Ajman Free Zone
Setting up a business in AFZ comes with a wide array of benefits. These include:
- 100% company ownership
- Strategic location with proximity to Ajman port, Dubai & Sharjah Airports
- Cost-effective business packages
- Low-cost living in Ajman
- World-class infrastructure
- Fully digitized business incorporation services
- Value-added services for all types of companies
- Round the clock customer support
- Wide range of activities & unique licenses
- Easy to open bank accounts
- Easy to sponsor dependents
- Zero corporate & personal tax
In addition to the Ajman Free Zone, the Ajman Media City Free Zone is another free zone established by AFZ, offering similar benefits.
Compliance Requirements in Ajman Free Zone
As a well-regulated free zone, AFZ strictly enforces the regulatory requirements set out by the UAE government. Companies in AFZ are required to meet regulatory requirements such as Economic Substance Regulations (ESR), Ultimate Beneficial Ownership (UBO), and Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) laws.
Need Assistance?
PW offers comprehensive services covering essential requirements such as visa processing, document drafting, government liaising, bank account opening, and more. Our team of business setup consultants, PRO service executives, and compliance advisers ensures a hassle-free company incorporation process in Ajman Free Zones