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Ajman Free Zone(AFZ) Onshore Company, Ajman (U.A.E.)

AFZ

Ajman Freezone Onshore Company SetupThe emirate of Ajman is situated on the coast of the Arabian Gulf, extending over a distance of 16 kms between the emirates of Umm Al Quwain & Sharjah. It covers about 259 sq. kms, which is equivalent to the 0.3% of the country's total area. The ruler of this emirate is His Highness Sheikh Humaid Bin Rasheed Al Nuaimi. It has a population of around 300,000.

Ajman Free Zone, established in 1988, was granted autonomous status under the Emiri Decree No. 3 of 1996 as issued by His Highness Sheikh Humaid Bin Rashid Al Nuaimi, ruler of Ajman. The formation of the Free Zone Authority in 1996 has given great impetus to the industrial activity in Ajman which resulted in quadruple growth in the number of companies.

Ajman is globally connected with two international airports within 25 minutes drive from Ajman Free Zone, and is easily accessible to other emirates of UAE, such as Dubai is at a distance of 26 kms, Sharjah at a distance of 5 kms and Abu Dhabi at a distance of 180 kms.

Location: Near Sharjah Airport, Sharjah, (U.A.E.)
Permitted activity: Manufacturing/Trading/Service activities can be carried out
License available: Industrial/Commercial trading/General trading & service license can be obtained
Types of entities: FZE (single shareholder), FZC (2-5 shareholders) & Branch office
Shareholder: Can be individuals or corporate entity
Director: Individuals only (Minimum one. Shareholder can also be director)
Share capital: AED 185,000/- in case of FZE/FZC & AED Nil/- in case of branch office
Audit: Audit report is not required to be filed with the free zone authorities
Estimated time: 3-5 days for incorporation & setting up a company. Another 7 days for immigration, registration & thereafter visa may take approximately 5-7 days on normal basis
Key benefits:
  • Ownership, Taxation, Repatriation Advantage.
  • 100% foreign ownership.
  • 100% repatriation of capital and profits.
  • No personal income tax.
  • No corporate tax.
  • Cheap energy.
  • Low lease prices
  • World-class infrastructure.
  • Lowest tariffs in the region.
  • Competitive handling charges.
  • Low cost of living.
  • Ready/easy availability of raw material.
  • Strategic location.
Renewal: License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.

The approximate cost for setting up a company in Ajman Free Zone is between AED 27,000/- to AED 70,000/- depending upon the type of license and facility selected. Documents required are passport copies of shareholders/directors/manager, project profile, corporate documents, etc depending upon structure of the proposed company.

GBS will be able to help you incorporate your business in Ajman Free Zone in just 24-48 hours. Our dedicated teams will help and support you right from preparation of relevant documents to obtaining license.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.