Ajman Free Zone is on its way to becoming a businessman’s paradise with the various incentives it offers entrepreneurs. Centrally located in Ajman (Western coast of U.A.E) with its entrance towards the Arabian Gulf, it is well equipped to handle the eastern and western markets. Additionally, it is closer to Sharjah, RAK and Dubai which makes it well connected by air and sea. The Ajman Free Zone Authority (AFZA), established in 1996 is responsible for all the regulatory work regarding company formation in the Ajman Free Zone. After the AFZE was established, the Free Zone saw a great spurt in industrial activity which further gave a huge impetus to the growth of companies. There are four companies you can choose to incorporate in the Ajman Free Zone – Free Zone Establishments, Free Zone companies, Branch of Foreign Companies and Branch of Local Companies.
Company formation in Ajman Free Zone is popular as Ajman Free Zone companies enjoy the same legal status as other UAE companies and have the added benefit of cheaper incorporation and operating costs. Additionally, it relieves entrepreneurs of high rental cost by offering office renting space at affordable prices. Lastly, the e-commerce licenses are also available at a far cheaper price as compared to other UAE Free Zones. It offers different types of licenses which include Business License, E-commerce licenses, Service license and industrial license. It also provides businesspeople with a conducive business environment and excellent incentives.
Some of the reasons as to why Company formation in the Ajman Free Zone is gaining popularity include:
- Foreign investors have complete ownership
- No tax on import and export
- No corporate tax
- Cheap labour and energy
- Strategic location
- Easy access to local as well as international markets
- No service charges
- The land contract extends up to 20 years and can be renewed on completion
- State-of-the-art infrastructure
- Cheap incorporation
- No personal income tax
- It is well connected by air, road and water
- Air – has easy access to Dubai International Airport and Sharjah Airport
- Sea – located in close proximity to four ports, i.e., Ajman Port, Port Rashid (Dubai), Khorfakkan Port (Sharjah) and Port Khalid (Sharjah)
- Road – well connected to Bahrain, Qatar, Saudi Arabia, Oman, Kuwait, Iran and Europe
