Ajman Port and Ajman Free Zone are significant contributors to Ajman’s economy. The free zone’s companies make up approximately 20 percent of the UAE’s overall industrial units, with some 256 industrial companies operating from the zone.
Ajman has multiple nearby international airports and major seaports, which make the import and export trade easy. It also has excellent road links to nearby emirates and is only half an hour away from Dubai.
Entrepreneurs have three jurisdictions to select from when it comes to incorporating a business in Ajman.
The Abu Dhabi Department of Economic Development (AD DED) issues all local business licenses for areas that are not covered by free zones. Historically, local licenses required local citizens to be majority shareholders. However, the UAE has modernized its laws recently to grant expat owners full ownership of a business in most sectors.
Ajman’s human history can be traced back to around 3000 BC following excavations at archaeological sites in the region. Its modern history goes back to 1810 when the Al Nuaim tribe created a permanent settlement by the coast. The core local industry was based on fishing and pearling, along with local trade with its neighbours.
Ajman’s modern economy is dominated by manufacturing, construction, real estate, transport, storage, and communications.
Ajman was one of the first emirates in the UAE to offer a 100 per cent freehold to international investors in 2004. This led to significant investments in the real estate sector. Both residential and commercial properties have attracted interest due to the emirate’s proximity to Sharjah and Dubai.