Ajman Free Zone (AFZA)
Ajman Free Zone (AFZ) is a dynamic business ecosystem established in 1988 in the emirate of Ajman, United Arab Emirates. It offers a range of benefits and opportunities for entrepreneurs and investors looking to set up or expand their businesses in the UAE.
Key Landscapes
Strategic Location: AFZ is conveniently situated near Ajman Port and provides easy access to Dubai and Sharjah airports, facilitating efficient trade and logistics
Business-Friendly Environment: The free zone offers:
- 100% foreign ownership
- Zero corporate and personal income taxes
- Full repatriation of capital and profits
- Exemption from import and export duties
- VAT and Corporate Tax exemptions subject to applicable laws
- Proximity to Ajman Port and major airports
- Affordable office space and labour costs
Infrastructure and Facilities
AFZ boasts modern infrastructure to support businesses:
1
Pre-built offices and smart offices
2
Customizable warehouses
3
State-of-the-art logistics services
4
High-speed internet connectivity
5
24/7 security system
Business Sectors
AFZ offers over 4,000 business activities across various sectors. Common license types include:
- Manufacturing
- Trading
- Technology
- Media
- Food and beverages
- Logistics
- Professional services
Additional Benefits
- Cost-effective setup ideal for startups and SMEs
- Fully digitised business setup process
- Value-added services, including banking, medical, and insurance
- Customizable business packages
- 24-hour business support services
Ajman Free Zone continues to evolve and expand, supporting various sectors to reach their full potential and contribute to the sustainable economic growth of Ajman and the UAE
Setting up a company in Ajman Free Zone (AFZ) involves several key steps:
Choose Your Business Structure
AFZ offers multiple business structure options:
Free Zone Establishment (FZE)
- Single shareholder (individual or corporate entity)
- Ideal for solo entrepreneurs or small businesses
- Minimum capital requirement: AED 185,000
Free Zone Company (FZC)
- 2-5 shareholders (individuals or corporate entities)
- Suitable for partnerships or businesses with multiple owners
Branch of Foreign Company
- 100% foreign ownership
- Allows commercial activities but requires a UAE-registered agent/distributor for sales
Application Process
- Choose a company name: Follow UAE naming conventions and check availability.
- Submit documents: Required documents typically include:
- Passport copies of shareholders/directors
- Colored photographs
- Business plan (for industrial/service licenses)
- No Objection Certificate (for UAE residents)
- Initial approval: AFZ reviews your application.
- Pay fees: Cover licensing, registration, and other applicable charges.
- Lease agreement: Sign a lease for office space within AFZ.
- Obtain license: Receive your business license after final approval.
- Visa processing: Apply for visas and residency permits as needed.
Timeline and Support
The entire process can typically be completed within 3 weeks
Working with a business setup consultant can streamline the process and ensure compliance with all regulations.
By following these steps and leveraging the support offered by Alpha Equity MC’s business setup, consultants can establish efficient operations in this strategic UAE-free zone.