HomeCompany Formation in AFZ - Ajman Free Zone - GBS

Company Formation in AFZ - Ajman Free Zone
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The 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.

Major Benefits of Company Formation in AFZ (Ajman Free Zone):

  • 100% foreign ownership,
  • 100% repatriation of profit & capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • Low lease prices & Cheap energy
  • World-class infrastructure.
  • Lowest tariffs in the region.
  • Competitive handling charges.
  • Low cost of living.
  • Ready/easy availability of raw material.
  • Strategic location.
Characteristics of AFZ Company Setup:

Location:

Ajman Free Zone, Ajman, (U.A.E.)

Proposed activity:

Manufacturing/ Trading/Service activities can be carried out in AFZ.

License available:

Industrial/Commercial trading/General trading & Service license are available options for AFZ – Ajman Free Zone.

Type of entities:

FZE (Single Shareholder), FZCO (single or multi shareholders with limited liability) and Branch

Shareholder:

Shareholder for Ajman Free Zone (AFZ) Company can be Individuals or Corporate entity (maximum 5)

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 1,85,000/- for AFZ FZE/FZC Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation.)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Audit report is not required to be filed with AFZ authority.

Estimated time:

2 to 4 working days to obtain license of the company and register a company in AFZ (Ajman Free Zone)

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

AFZ (Ajman Free Zone) Company Setup Process:

  • Identify the legal form of company to be registered in AFZ
  • Select activity from AFZ activity list,
  • Apply for name and initial approval,
  • Payment of fees related to AFZ business set up,
  • Sign AFZ company registration and incorporation documents,
  • Apply for AFZ residence visa.

Documents Required for AFZ Company Registration:

The documents required for business set up in AFZ (Ajman Free Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • CV/Resume
  • NOC from current sponsor
  • Business plan,

To know more about the complete requirements for company formation in Ajman Free Zone (AFZ) call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in AFZ:

AFZ Company Setup begins from AED 11,535/-

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in AFZ.

Other Notes for AFZ – Ajman Free Zone:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every year.
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in AFZ. Our company acts as a one stop solution for AFZ company incorporation services.

If you are looking for AFZ company setup, please get in touch with us for professional assistance

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in AFZ (Ajman Free Zone).

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.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

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Copyright © 2020 Global Business Services.

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