AJMAN FREE ZONE (AFZ)2024-10-03T15:51:44+04:00

UAE MAINLAND

AJMAN FREE ZONE (AFZ)

What is the significance of having a UAE mainland firm, and what does it represent?

Ajman free zone (AFZ) is a top commercial destination in the area and a major driver of the economic growth of both the emirate and the United Arab Emirates.

AJMAN FREE ZONE (AFZ)

UAE Mainland

Ajman free zone (AFZ) is a top commercial destination in the area and a major driver of the economic growth of both the emirate and the United Arab Emirates.

What is the significance of having a UAE mainland firm, and what does it represent?

Ajman Free Zone (AFZ) was established in 1988 and is a vibrant, independent ecosystem that provides investors and enterprises with a sustainable setting to accelerate their growth goals. Ajman, located on the Arabian Gulf coast, is one of the world’s most connected cities. It boasts two nearby international airports and Ajman Port, which accommodates over 1,000 modern ships each year. Modern infrastructure, creative industrial clusters, and well-planned highways all contribute to its attraction as a worldwide business location. According to Ajman Vision 2021, it was introduced in conjunction with the UAE’s sustainable emirate’s development objectives, it concentrates on five key areas, including industry, travel, media, transportation and logistics, and outsourcing.

One of the top international destinations for luring investment to the Emirates of Ajman is the Ajman Free Zone. This vibrant free zone is the perfect place for entrepreneurs and investors from all over the world to locate themselves because of its basic values of innovation, encouraging confidence, and adaptability. Ajman Free Zone prioritizes innovation, always looking for fresh approaches to enhance its services and add value for its customers. Because of this dedication to innovation, companies operating in the free zone are guaranteed access to state-of-the-art tools and procedures.

An additional competitive advantage of the free zone is the AFZ+. With the help of these value-added services, AFZ’s more than 50 strategic partners provide its business partners immense expansion prospects and assistance in carving out a position in the market.

It provides businesses and investors with a wide range of services, including banking and finance, insurance, business support, fitness and health, and facilities and assistance.

 

Advantages Of Business Setup in Ajman Free Zone (AFZ)

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Types Of UAE Free Zone Trade Licence

On the UAE free zone, businesses can be divided into four main licences depending on their activity type: General Trading, Commercial,
Industrial and Service. Below is a general look at each licence type.

 

Ajman Free Zones

Businesses in the Ajman Free Zone focus on the following sectors: Food & Beverage, Automotive, Health & Beauty, Construction, Agriculture, Education.

 

Legal Forms For Company Formation In UAE Free Zones

The legal forms available for company registration in UAE free zones have been modified to meet the needs of different business kinds and investment levels. Below is a summary of the main corporate organizations and applicable legal frameworks found in UAE’s free zones:

 

Free Zone Establishment (FZE)

A Free Zone Establishment (FZE) registration allows for a single shareholder to form a company. This shareholder can be an individual (person) or a corporate shareholder.

FZCO (Free Zone Company) ( FZ- LLC)

An FZCO is essentially a multiple shareholder or a partnership freezone firm where there is more than one shareholder in the company with a maximum of 50 shareholders.

Branch of a Foreign Company

A branch is a separate legal entity , under the control of the parent foreign company . It is used in the UAE as a marketing tool for the parent company.

Branch of a UAE Company

A branch office setup is a separate office or branch of an existing company. The local company already has a license in the UAE. Hence, this is an expansion of the local business.

Why Ajman Free Zone (AFZ) For Your Company Formation?

AFZ offers a strategic and investor-friendly environment for businesses. Companies in AFZ can engage in a variety of activities, including advisory and consulting services, general trading, and property ownership under UAE laws. AFZ supports business growth with benefits like privacy, asset protection, and 100% foreign ownership, making it an attractive option for international investors, especially those from India. The ability to own a company remotely without physical presence in the UAE adds to its appeal. Business-friendly regulations and flexible legislation facilitate smooth operations and compliance with UAE laws. AFZ’s flexible regulations, competitive services, and commitment to international trade values ensure that businesses can thrive and meet their growth objectives effectively makes it a premier destination for starting a business there.

Standard Required Documents to Start the
Business Setup Process

Let’s launch your business with success! Ensure you have all the necessary documents ready to streamline the setup process!

  • Passport copies of shareholders and managers.
  • Passport-sized photos of shareholders and managers.
  • Residence Copy / Entry Stamp / Visit Visa Copy.
  • Business plan (sometimes required).
  • No Objection Certificate (NOC) from the current sponsor if the shareholder has a UAE residency visa.

Your Guide To Setting Up A Free Zone Business In UAE

Your business setup checklist is ready. Let’s launch your business with success!

  • 1
    Decide on your business venture.
  • 2
    Choose the best UAE location for your company
  • 3
    Choose the legal framework for your company.
  • 4
    Give your business name.
  • 5
    Apply for Initial Approval.
  • 6
    Prepare Legal Documents.
  • 7
    Lease Office Space.
  • 8
    Obtain Licenses.
  • 9
    Open a Corporate Bank Account.
  • 10

    Apply for the number of visas your company will require.

  • 11

    Register for VAT (if applicable)

We Business Setup Consultants will assist you to launch your project in the UAE Free Zones from A to Z without any hassles and provide you post launch assistance for your visas and all corporate services that you might need in the future.

We Business Setup Consultants will assist you to launch your project in the UAE from A to Z without any hassles and provide you post launch assistance for your visas and all corporate services that you might need in the future.

Frequently Asked Questions

Common Questions About Business Setup in the Ajman Free Zone (AFZ)

What are the exclusive packages offered by AFZ?2024-07-22T07:43:59+04:00

AFZ offers exclusive packages that include Business license fees, Co-working space or physical facility, Utilities included, Regulatory flexibility, Convenience for upgrading, Visa allocation fees, Lease agreement, Certificate of incorporation, Establishment card, E-channel services, Investor security approval, UAE residency, Medical test, Emirates ID, Visa status change.

What is the starting cost for setting up a business in AFZ?2024-07-22T07:44:32+04:00

The starting cost for setting up a business in Ajman Free Zone (AFZ) begins at AED 5555. This cost-effective package is designed to cater to a wide range of business needs, making AFZ an attractive option for entrepreneurs and investors. And the cost may change according to the type of your business.

How does AFZ support business growth and expansion?2024-07-22T07:44:59+04:00

AFZ supports business growth through its strategic location, modern infrastructure, flexible leasing options, and comprehensive support services. The business-friendly environment and competitive advantages help companies thrive and expand their operations.

Is it possible to set up a business in AFZ without being physically present in the UAE?2024-07-22T07:45:26+04:00

Yes, investors can establish and own a business in AFZ remotely, without the need to be physically present in the UAE. This is particularly beneficial for international investors, including those from India.

Can businesses in AFZ engage in international trade?2024-07-22T07:45:51+04:00

Yes, AFZ is designed to support international trade activities. Its strategic location, excellent connectivity, and comprehensive services make it an ideal hub for businesses looking to engage in global markets.

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