Company Formation in Ajman Free Zone (AFZ)
The Ajman Free Zone was founded in 1988 and acts as a dynamic business destination governed by the Ajman Free Zone Authority. Its strategic location in the emirate of Ajman provides a reliable and diverse business platform for business houses in the trading and manufacturing industries, as well as services. Presently, AFZ incorporates modern infrastructures, including flexible facilities and innovative digital solutions that cater to the constantly changing needs of businesses. With its strategic location near Ajman Port easy accessibility through roads and close to airports, the free zone will give entrepreneurs and investors an easy opportunity to access both local and global markets.
Ajman Free Zone (AFZ) is crucial in driving economic development in Ajman through attracting overseas investment, promoting innovative business ventures, and generating employment prospects. The innovative offerings of the free zone, such as personalized office spaces and digital business services, allow businesses to function effectively. Businesses establishing themselves in AFZ receive substantial advantages such as complete foreign ownership, tax breaks, profit repatriation, and cost-effective licensing deals. The strong support system guarantees a seamless company formation process, enabling businesses to succeed in a vibrant and encouraging atmosphere.
Types of Companies you can Form in Ajman Free Zone
Ajman Free Zone offers four types of business setup options, each designed to suit different needs:
- Free Zone Establishment (FZE): Ideal for a single owner, this type of entity allows you to start a business with 100% ownership and enjoy all the benefits of a free zone.
- Free Zone Company (FZC): Perfect for partnerships, this option lets two or more shareholders collaborate to establish a company with full control and flexibility.
- Branch of a Local Company: If your business is already operating in the UAE, you can expand into AFZ by setting up a branch while keeping your main company structure intact.
- Branch of a Foreign Company: Establish a branch in the UAE for your foreign-based company and immediately access the growing market opportunities in the region.
Businesses of all sizes can easily discover the ideal configuration and prosper in this changing environment with these solutions.
Available Business Licenses in Ajman Free Zone
- Commercial License: This license is suitable for export and import business and trade involving dealing in goods and merchandise.
- Industrial License: This license is for manufacturers and does allow such activities as the import and export of materials used to make goods, and the manufacturing of products
- Service License: Intended for professional and consultancy enterprises from numerous sectors such as finance and accounting.
- E-Commerce License: Designed for online-based companies, this license facilitates business within e-commerce and trading on the Internet.
- Pioneers Package: Targeting young people especially those in the working groups of 20-30 years, this package offers affordable solutions such as co-working spaces for startups and other innovative-based businesses.
- Freelancer Package: This license provides an affordable and easy solution for freelancers and over 40 specialist professionals.
- Offshore License: Exclusively intended for setting up companies outside the UAE, this license is a tax-friendly structure for globalization.
These licenses support various industries, making AFZ an excellent choice for starting or expanding a business.
Required Documentation for Setting Up a Business in Ajman Free Zone
To establish a business in the Ajman Free Zone, you must submit relevant documents as per your choice of business structure.
- Passport Copy
- Photograph
- Visa Copy or UID
- Trade License (for Branches)
- Memorandum of Association (MOA)
- Board Resolution
- No Objection Letter (NOC)
How do you form a company in the Ajman Free Zone?
Forming a company in the Ajman Free Zone is simple. It is designed to be a quick and easy business setup process. The steps involved are as follows:
- Selecting the Correct Business Entity: Identify your class of business entity that is supposed to meet your requirements - a Free Zone Establishment, a Free Zone Company, or the branch of either a home company or an international one.
- Submit All Documents Required: Provide copies of the passport, photographs, and other licenses or agreements used to conduct business, according to the business format.
- Issuance of License: Once your application is approved, you get your business license, and you can start your operation. In this step, you will also start your visa processing for your business purposes.
Facilities Available in AFZ
- Office and Executive Space: Whether you wish for an executive space or an office, it accommodates the facilities. It is very well maintained to support the operating conditions and has flexible office spaces which suit your business needs.
- Business Centers: Flexible in design, provide a ready-to-use environment, ideal for businesses that have short leases or require a collaborative space to expand.
- Warehouses: For manufacturing-oriented firms, logistics, and distribution companies, the AFZ provides warehouses fitted with relevant facilities for efficient storage and distribution for the firm's supply chain.
- Freelancer and E-commerce Hubs: AFZ is aware that the freelance and e-commerce industry has thrived; therefore, the company offers hubs specialized in freelance and e-commerce, which are specialized in providing unique, cheap, efficient, and scalable solutions.
These centers afford the best opportunity for the establishment of the extension of business ventures in the Ajman Free Zone.
Ajman Free Zone’s Benefits
- Full control can be attained by overseas investors due to no restrictions on foreign ownership.
- The formative business environment offers government benefits and help to organizations.
- It brings about exemption from import and export duties, which means that the costs of operations will be low.
- A strategic position for the business provides an opportunity for direct access to the main ports, highways, and airports.
- Organizational support provides the technological and operational base required for efficient functioning.
- Having specialized services for business setup means that the clients will be free from any hardships in establishing the business.
- Access to government and regulatory agencies.
- Networking opportunities through events and collaborations.
Ajman Free Zone Communities
Ajman Free Zone is home to some business communities that are aligned with different sectors. Here is each one briefly:
- Ajman Boulevard
- Al Zorah
- Amber Gem Tower
- Business Cube
- China Mall
- Car Market
Why Partner With Reyson Badger?
The Ajman Free Zone provides unmatched opportunities for a business setup in the UAE. It provides excellent opportunities for company development and success, hosts a variety of facilities, and possesses a prime location suitable for the activities of various types of companies. It does not matter whether you have a fresh start-up, or you want to begin a new branch or expand an online business, AFZ offers the perfect environment for everyone.
Our services at Reyson Badger aim to make it easier for companies to register in the UAE Free Zone. Over the years, we have assisted many investors in the setup process and we fully understand that if done correctly you get the full advantage of forming a company in this lively business city. Let us help you at every stage of company formation in UAE.
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