Free zone is a particular geographical area in the emirate where 100% foreign ownership is allowed. Free zones do not require partnership with a UAE citizen or with a local service agent.
Ajman free zone (AFZ) is located in the emirate of Ajman within 25 min drive from the international airports and in a close proximity to Ajman Port.
Ajman free zone was founded in 1988, which led to active industrial growth in the emirate of Ajman (UAE).
AFZ is actively developing and attracting more and more entrepreneurs for business setup in Ajman. In line with this move, Ajman free zone management made a decision to allow its client-companies pay licensing fees in multiple installments. Now payments can be made annually, bi-yearly, three times per year, or even on a monthly basis.
For business setup in Ajman investors may choose to rent a virtual office, a standard office, a warehouse or a plot of land.
Since Ajman free zone is located in close proximity to logistic hubs, business set up in Ajman is predominantly preferred by investors engaged in international trade.
minimum share capital requirement amounts to AED 185 000 (USD 50,685). Share capital can be declared in corporate documents only. No depositing of funds into bank account is required.
1 year only, as in any other emirate, after which the license needs to be renewed.
Ajman free zone does not request companies registered in a free zone submit annual audit report.
Company’s license is due for renewal prior to its expiration date, otherwise, penalties for late renewal apply.
Copyright © 2010-2019. All Rights Reserved.