Company Formation in AFZ – Ajman Free Zone

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.

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.