The Emirate of Ajman, located on the western coast of the UAE establishes by the Al Nuaim tribe, well known for their bravery, courage, and wisdom who migrated to this region from Oman around 1775. The economy of Ajman in the past mainly based on its strong maritime tradition – fishing and trade, though the wise Rulers always encouraged various other allied activities such as shipbuilding, pearl diving, and trading. Its dhow building yard is the largest in the Emirates and continues to operate despite being dwarfed by modern developments such as the critical dockyard.
Established in 1988, Ajman Free Zone (AFZ) has led to a vast industrial development in the emirate by attracting a variable number of companies, offering competitive privileges and facilities which strengthened the industry, trade and the financial sectors. By benefiting from investment privileges, many companies have thrived with a significant return on their investment.
Mission:
AFZ encourage investing capitals, provide the appropriate climate such investment by the way contributing in drawing up the general policies providing information, preparing studies, executing projects, organizing expositions conferences, other constructive activities, by the help of national efforts qualified human cadres, who contribute in achieving the economic growth and the welfare of Ajman’s Society and that of the UAE
Business facilities:
- 100% ownership of an establishment/company.
- 100% foreign ownership.
- Easy transfer of the capital and profits
- Exemption from personal income tax.
- Exemption from import and export duties
- Exemption from other taxes.
- Competitive prices on facility usage.
- Competitive prices for power/electricity.
- Competitive prices on leasing.
- Easy access to low-cost labor.
- Well-developed infrastructure.
- One-stop counter service for effecting transactions residency, visa, etc
- Fast and easy procedures and in most cases, license within 24 hours.
Types of licenses provided:
Business Licenses.
E-Commerce Licenses: electronic trading activities.
Service Licenses: service activities within the free zone such as management, marketing, IT consultancies, etc
Industrial Licenses:
The organization should register with GCC countries’ nationals owning a minimum of 51%.
Minimum 40% of the manufacturing process should be within the Free Zone.
Organizations having public license qualified to get the permit are exempt from customs fees on exports from GCC countries.
Offshore Licenses: the company should run its business outside the UAE.
