Ajman Free Zone Company Formation in UAE
Ajman has outstanding business and investment policies making Ajman free zone company formation an ideal option. Established in 1988, Ajman Free Zone is one of the oldest and most reputed free zones for business set up in UAE.
The strategic location of the Ajman free zone benefits both Eastern and western markets in the corporate world. It is located adjacent to Ajman Port and Sharjah and Dubai airports. The free zone welcomes businesses of all types including trading, manufacturing, consultancy, freelancers, etc.
It attracts many young entrepreneurs because of the highly competitive Ajman free zone company formation cost for business setup in UAE. Our business setup consultants will guide you on everything from deciding the appropriate business activity to navigating the process of Ajman Free Zone company formation in UAE.
Why Choose Ajman Free Zone Company Formation
- 100% foreign ownership,
- 100% repatriation of profit & capital,
- 100% exemption from personal income tax, service tax, import and export tax,
- Possible exemption from corporate tax subject to meeting requirements
- Low lease prices and energy costs.
- Low cost of living.
- High-end infrastructure.
- Lowest tariffs in the area.
- Strategic location.
- Competitive handling fees.
- Easily available raw material.
Characteristics of Company Formation in UAE in AFZ:
Location:
Location: Ajman Free Zone, Ajman, (UAE)
Proposed activity:
Manufacturing/ Trading/Service for Ajman Free Zone company setup
License available:
Industrial/Commercial trading/General trading & Service license.
Type of entities:
- FZE (Single Shareholder)
- FZCO (single or multi shareholders with limited liability)
- Branch
Shareholder:
Shareholders for Ajman Free Zone company formation in UAE can be Individuals or Corporate entities (maximum 5)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
- AED 185,000/- for AFZ FZE/FZC Setup
- AED Nil/- in the case of the Branch office.
(Required to be deposited in the 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 a bank pre- or post-business setup in UAE.
Audit:
Not required
Estimated time:
2 to 4 working days to get the license of the company and register a company in AFZ (Ajman Free Zone)
It takes another 7-10 working days for an immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on a normal basis.
Ajman Free Zone Company Formation Process
- Identify the legal form of the company to be registered
- Select an activity from the AFZ SEI list,
- Apply for name and initial approval,
- Fees payment for Ajman Free Zone company setup,
- Sign AFZ company registration and incorporation documents,
- Apply for an AFZ residence visa.
Documents Required for AFZ business setup in UAE
- Color passport copy of shareholder/director/manager,
- Color UAE residence visa & emirates id copy of shareholder/director/manager,
- CV/Resume of shareholder/director/manager
- NOC from the current sponsor for shareholder/director/manager
- Business plan,
Required documents may vary depending on whether a shareholder is an individual or a corporate entity.
To know more about company formation in Ajman Free Zone (AFZ), call us now on 050-8992852 or send an email to sagar.mehta@gbsei.com
Ajman Free Zone Company Formation Cost:
Starts at AED 5,600/-
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
- Legalize documents with UAE Embassy in case of corporate shareholders involved in the Ajman Free Zone company setup.
- Annual renewal of company Immigration/Establishment card.
- Investors to have a family status UAE visa should have a share capital of AED 75,000/- and to be eligible for Owner/Investor/Partner visa should have a share capital of AED 60,000/- for company formation in UAE in AFZ.
Do you want to set up a company in AFZ? Get in touch with our business setup consultants.
At Global Business Services (GBS) DMCC, we have helped many individuals and corporate entities to set up their businesses in AFZ.
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)
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)
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Copyright © 2020 Global Business Services.