Ajman Free Zone (AFZ) is one of the leading free zones in the UAE, located in the emirate of Ajman, which is strategically positioned along the Arabian Gulf. Established in 1988, Ajman Free Zone offers a business-friendly environment and cost-effective solutions for entrepreneurs and investors looking to set up operations in the UAE.
With a focus on diverse industries, including trade, manufacturing, services, and e-commerce, AFZ caters to a wide range of businesses, from startups to large multinational corporations. The free zone offers a robust infrastructure, excellent connectivity, and a wide range of business solutions, making it an ideal choice for businesses looking to expand within the UAE and beyond
Industry Focus
- Ajman Free Zone supports a wide range of industries, including:
- Trading
- Manufacturing
- Services
- Consulting
- E-commerce
- Technology
- Logistics
Ownership
- 100% Foreign Ownership : Investors can fully own their businesses without a local partner
Business Licenses
- Types of Licenses available in Ajman Free Zone:
- Commercial License: For trading and import/export activities
- Industrial License: For manufacturing and production
- Service License: For consultancy and professional services
- E-commerce License: For online retail businesses
- Freelance License: For independent professionals
Taxation
- Corporate Tax: The 9% corporate tax exempted based on the criteria set by the Federal Tax Authority (FTA)
- VAT: 5% VAT applicable on most goods and services within the UAE
- No Personal Income Tax: No tax on individual earnings
Office Space Solutions
- Ajman Free Zone offers various office space solutions, including:
- Flexi-Desk: Ideal for startups and small businesses
- Serviced Office: Fully furnished offices for larger companies
- Warehouse/Industrial Units: For manufacturing, production, and storage businesses
Visa & Immigration
- Visa Eligibility: Companies can apply for residence visas for employees and investors based on office size and business requirements
- Family Sponsorship: Investors can sponsor family members for residence visas under certain conditions
Regulatory Framework
- Ajman Free Zone is governed by the Ajman Free Zone Authority which ensures compliance with UAE laws and Ajman Free Zone-specific regulations regarding business operations and industry standards.
Compliance & Reporting
- Companies must adhere to UAE federal regulations and Ajman Free Zone rules.
- Annual auditing and compliance with labor laws, environmental regulations, and other local standards are required.
Cost of Formation
- The cost of forming a company in Ajman Free Zone generally starts from AED 4,999, depending on the type of license, office space, and number of visas required.
Banking & Financial Services
- Companies in Ajman Free Zone can open corporate bank accounts with local and international banks that operate in the UAE, providing access to a wide range of financial services.