Ajman Free Zone

As a leading business registration and licensing service provider in the UAE, Filings.ae offer comprehensive services to help you set up and grow your business in the Ajman Free Zone. Our services include company registration, trade license issuance, and visa processing.

Ajman Free Zone (AFZ) is a leading business hub in the United Arab Emirates, offering world-class infrastructure and services to companies looking to establish their presence in the region. Located in the emirate of Ajman, AFZ provides businesses access to key markets in the Middle East, North Africa, and Asia.

Starting a business can be daunting, especially if you are new to the UAE. Our team of experts is always available to guide entrepreneurs through the entire process, from company formation to visa processing. With our help, you can rest assured that your business will be up and running quickly.

Ajman Free Zone Authority (AFZA)

Ajman, one of the seven emirates forming the United Arab Emirates, houses the Ajman Free Zone, a free economic zone established in 1988. Its purpose is to offer businesses a tax-free and fully-serviced environment to operate. The Ajman Free Zone Authority (AFZA) oversees the free zone's development and regulation, providing various services, such as company formation and registration, visa and immigration assistance, and office and warehouse rental.

The AFZA region has diverse businesses, including trading and manufacturing firms, consulting agencies, and advertising companies. It offers convenient access to major ports, airports, and road networks. Companies operating within AFZA have the same legal status as any other free zone company in the UAE, allowing them to engage in trade, exports, contracts, visas, imports, e-commerce, and banking facilities. The AFZA free zone aims to provide significant cost-saving benefits for entrepreneurs compared to other free zones across all UAE Emirates. If you wish to start a business in Ajman Free Zone, you have come to the right place.

Eligibility Criteria for Business Setup at AFZA

Certain eligibility criteria must be met to establish a business at the Ajman Free Zone Authority (AFZA). These criteria are as follows:

• Business type: The AFZA offers licenses for various types of businesses, including commercial, industrial, and services. The type of license required will depend on the nature of the business.
• Legal structure: The business must have a legal structure, such as a Limited Liability Company (LLC), Branch Office, or Free Zone Establishment (FZE).
• Shareholders: The business must have at least one shareholder, and the shareholders can be individuals or corporations.
• Capital requirement: The capital requirement for setting up a business in AFZA will depend on the type of license required.
• Office space: The business must have a physical office space in the AFZA, which can be a flexi desk, executive office, or warehouse.
• Documents: The required documents for setting up a business at the AFZA include a business plan, passport copies of the shareholders, and a no-objection certificate (NOC) from the current sponsor for UAE residents.
• Visa eligibility: The number of visas that can be obtained will depend on the type of license and office space rented.
• Annual renewal: Once the business is established, it must be renewed annually, and the renewal fee will depend on the type of license and office space rented.

By meeting these eligibility criteria, businesses can establish themselves in the AFZA and benefit from the tax-free environment and other advantages offered by the free zone.

Benefits of Ajman Free Zone Company Formation

There are numerous benefits to setting up a company in the Ajman Free Zone (AFZA), including:

• Tax benefits: The AFZA is tax-free, meaning businesses operating in the free zone are not subject to corporate or personal income tax.
• Simplified bureaucracy: The AFZA simplifies setting up a business, offering various packages and support services to help companies get started in this free zone.
• Flexible leasing options: The Ajman Free Zone Authority offers flexible leasing options for office and warehouse spaces, allowing companies to scale up or down as needed.
• Access to major markets: The AFZA is well-connected to the rest of the UAE region and provides businesses with access to major UAE markets.
• Range of business activities: The AFZA allows companies to engage in various business activities, including manufacturing, trading, and services such as consulting and advertising.
• Supportive business environment: The AFZA provides various support services to a company based in the free zone, including immigration assistance, business development support, and access to various promotional and networking events.
• 100% foreign ownership for the Company: Foreign investors can fully own companies based in the AFZA, allowing for complete control over the business.
• No currency restrictions: there are any restrictions on foreign currencies, making it easier for firms to conduct international business.
• Strategic location: The AFZA is located near major ports, airports, and road networks, providing the company with excellent connectivity to the rest of the region.
• Diverse business community: The AFZA is home to a diverse community of businesses from various industries, providing collaboration and networking opportunities.
• High-quality infrastructure: The AFZA offers the modern and well-maintained infrastructure to businesses, including high-quality office and warehouse spaces and providing access to utilities and telecommunications services.
• Proximity to major cities: The AFZA has located just a short distance from major cities providing Firm with access to a large and diverse talent pool.

Overall, the AFZA offers a range of benefits, making it an attractive option for companies looking to set up a business in the UAE.

Types of Companies Allowed for AFZA

The Ajman Free Zone Authority (AFZA) permits the registration of various entities, including the following. These entities can engage in commercial and industrial activities, be fully owned by foreign investors, and establish Branch Offices of foreign or local companies. The authority does not impose a limit on the number of entities that can be registered.

• Free Zone Establishment (FZE) - AFZA allows forming an FZE, a one-shareholder company involved in commercial and industrial activities.
• Free Zone Company (FZC) - A company with two or more shareholders engaged in the same activities.

The following types of business formation are also permitted in the Ajman Free Zone.

• AFZA Free Zone Entity
• AFZA Free Zone Company
• Branch of a Local Company
• Branch of a Foreign Company

Ajman Free Zone Trading Licenses

Ajman Free Zone Authority (AFZA) offers various trading licenses to companies based in the free zone, allowing them to engage in different business activities. Here are some of the trading licenses offered by AFZA:

General Trading License

This license permits a company to import, export, and trade in a wide range of products, except for those the UAE government prohibits.

Trading License

This license allows a company to import, export, and trade in specific products mentioned in the license.

E-commerce License

This license allows a company to conduct online trading activities, such as selling goods and services through a website or mobile application.

Service License

This license permits a company to provide consulting, advertising, and other professional services.

Industrial License

This license allows a company to manufacture, assemble, and process goods within the free zone.

National Industrial License

This license is granted to companies involved in manufacturing activities considered strategically important to the UAE.

The type of trading license required will depend on the nature of the business activity that the company wishes to engage in. AFZA provides guidance and support to companies to help them determine the most appropriate license for their business needs.

Documents Required

To set up a company in Ajman Free Zone, the following documents are typically required:

Ajman Free Zone New Company Setup

Here are the documents required for setting up a new company in Ajman Free Zone:

• Three proposed names for the company
• Passport copy of the shareholder(s) and director(s) (valid for at least 6 months)
• Passport-size photograph (taken on white background) of the shareholder(s) and director(s)
• No Objection Certificate (NOC) from the current sponsor if the applicant is a UAE resident and employee
• Business plan (required for industrial and service licenses)

Please note that additional documents may be required depending on the type of company and license being applied for.

Setting up a Branch of a Local Company

To set up a branch of a local company in the Ajman Free Zone, the following documents are typically required:

• Passport valid for at least six months
• Passport size photo (white background)
• The original license of the parent company
• Original Chamber of Commerce certificate of the parent company
• Original commercial registration of the parent company
• Business plan (if applying for an Industrial or Service license)
• No capital is required

It's important to note that the requirements may vary depending on the business's nature and the license type being applied for.

Branch of a Foreign Company

• Memorandum & Articles of Association
• Certificate of Incorporation
• Power of Attorney
• Board Resolution
• Passport copy that is valid for six months minimum for the representative or manager of the Firm
• A colored photograph (Photo taken on white background)
• Company Incorporation/Registration certificate from the authority of the country where the company is registered.
• A feasibility report will be submitted for Industrial and Service Enterprises.
• A bank reference letter, a letter of good standing from their current bank.

It's also worth noting that the documents mentioned may need to be attested by the UAE embassy in the country of origin or by the relevant authorities, depending on the requirements of AFZA.

Starting a business in AFZA

Here is the general procedure to start a business in Ajman Free Zone:

• Choose a business activity: First, you need to decide on the business activity you want to engage in, such as trading, manufacturing, or service provision.
• Choose a legal structure: After selecting a business activity, you must choose a legal structure for your company, such as a Free Zone Establishment (FZE), Free Zone Company (FZC), or Branch of a Foreign Company.
• Choose a company name: You must select three potential companies and submit them to the Ajman Free Zone Authority (AFZA) for approval.
• Submit the required documents: You must submit the necessary documents, such as passport copies, photographs, business plans, and relevant certificates, to AFZA.
• Obtain initial approval: Once AFZA approves the documents, you will receive initial approval for your company registration.
• Payment of fees: You need to pay the relevant fees for your business registration, such as licensing fees, registration fees, and other charges.
• Sign the lease agreement: You must sign a lease agreement for your office or warehouse space in the free zone.
• Final approval: After completing all the necessary formalities, you will receive the final approval for your company registration.
• Get your business license: Upon receiving the final approval, you can obtain your business license from the AFZA.
• Visa and residency permits: You can apply for visas, and residency permits for yourself and your employees through the AFZA's immigration department.

With Filings.ae, entrepreneurs can expect a hassle-free business setup process. The team of experts at Filings.ae is well-versed in the local laws, regulations, and procedures, and we can guide entrepreneurs throughout the entire process. We handle all the paperwork, documentation, and licensing with government authorities, allowing entrepreneurs to focus on their core business activities. Filings.ae also offers flexible and affordable packages tailored to the specific needs of each business. Whether it is a small business startup or a large corporation, Filings, ae can provide customized solutions that meet the requirements and budget of the business.

Business Activities Allowed in Ajman Free Zone Authority

The AFZA offers various business advantages, including 100% foreign ownership, 100% repatriation of capital and profits, 0% corporate and personal income taxes, and no customs duties on imports and exports.

There is various business activities allowed in AFZA, which include:

• Trading: Import and export of goods and commodities.
• Industrial: Manufacturing, assembling, and production of goods.
• Service: Providing professional or non-professional services.
• E-commerce: Selling and buying goods and services online.
• Logistics: Warehousing, distribution, and transportation of goods.
• Consultancy: Providing professional advice or guidance in any field.
• Media: Publishing, broadcasting, and advertising of media products.
• Education: Providing educational and training services.
• Hospitality: Operating hotels, restaurants, cafes, and other tourism-related services.
• Health: Providing medical and healthcare services.

Note that the above list is not exhaustive, and additional business activities may be allowed in AFZA.

Starting a business in an AFZA through Filings. ae

In conclusion, setting up a business in AFZA (Ajman Free Zone Authority) offers various advantages, such as 100% foreign ownership, 100% repatriation of capital and profits, 0% corporate and personal income taxes, and no customs duties on imports and exports. AFZA also provides a range of services to support businesses, including assistance with company formation, licensing, visas, and legal documentation.

To set up a business in AFZA, you can visit our website and choose the relevant service that suits your business needs. The process typically involves submitting the required documents and paying the necessary fees. Once your business is established, you can start operating within the free zone and take advantage of the benefits offered by AFZA.

It is important to note that different business activities may have different requirements and restrictions, so it is essential to talk to our experts to ensure that your intended business activity is permitted and to obtain the necessary licenses and permits.