Ajman free zone (AFZ) is one of the fastest-growing free zones in UAE and is more like a door to unlimited opportunities. The world-class infrastructure, proximity to the Ajman seaport and Dubai and Sharjah airports, its fully digitized company set up, has all been receiving great acclamation across the globe. The investors have been setting foot into Ajman’s free zone to set up a business and to enjoy the luxury it offers. As free zones allow 100% ownership to foreign nationals, they have been looking for opportunities to make way to Ajman free zone.
Why AFZ ?
Ajman free zone has numerous industries functioning here, which opens up doors for investors to set up a business in the free zone. There are more than 40 free zones in UAE, and Ajman free zone is one of the fastest-growing free zones in the country. Every free zone is governed by its respective free zone authority and has a separate set of rules and regulations. Complete ownership of businesses for foreign nationals was only provided by free zones until recently.
Benefits :
Speaking of the benefits of the Ajman free zone, here are a few more to add to the list;
- Easy transfer of capital and profits
- Exemption from import and export duties
- 100% direct tax-free
- Competitive prices on facility usage
- Competitive prices on leasing
- Easy access to low-cost labor
- High-quality infrastructure
- Single window clearance for multiple government services
Business setup in Ajman free zone :
It is mandatory to secure a trade license and to get an office space to set up a business in a free zone. Determining the type of business, you wish to carry out is the first and foremost step to company incorporation. Choosing a name comes next, followed by an application for a trade license, choosing an office space in the free zone where the company will be registered, and finally getting approval from the concerned departments and registering your business. It all sounds simple when told, but the process is not that easy.
Types of licenses and legal entities :
There are different types of license options available in ajman free zone :
- Trading license
- Media Licence
- Professional Services license
- E-commerce license
- Industrial license/warehouse
- Trading license
- Media Licence
- Professional Services license
- E-commerce license
- Industrial license/warehouse
The legal entities are of different types in a free zone; a free zone company, a free zone establishment, a branch, and a subsidiary company. Setting up a business in Ajman Free Zone requires a lot of research and with the help of the right partner to guide and assist you, those tasks will be easy. Meeting up with a business consultant can benefit in choosing the appropriate legal entity and the right trade license for it. The later part of the business incorporation process will require the support of a local partner.
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com