Unlocking Business Potential: A Comprehensive Guide to Ajman Free Zone Setup
The Ajman Free Zone was established in 1988 after the Ruler of Ajman, H.H. Sheikh Humaid Bin Rashid Al Nuaimi, issued Amiri Announcement No. 3 of 1996. The Ajman Free Zone Authority is the sole administrative organization for the Free Zone in Ajman.
Designedly located in the passage of the Arabian Gulf, the Ajman Free Zone is suitable to serve the eastern and western markets. Due to its proximity to Sharjah and Dubai, Ajman has easy access to two global aviation terminals and four ports. Ajman Port, which serves over 1000 boats each year, has evolved into an important maritime point of convergence today. It has twelve berths. This zone, which is next to a seaport, accommodates all types of organizations, from freelancers to light manufacturing and trading firms. A massive development plan for Ajman Ports is currently in the works, with the goal of raising the company’s international reputation sooner rather than later.
Ajman Free Zone company setup is appealing to people who want to start a new firm from scratch because of its affordable rates for young entrepreneurs and several installment payment methods, as opposed to business setup in Dubai.
The development of the Free Zone Authority in 1996 has given extraordinary catalyst to mechanical movement in the Free Zone which has brought about the fourfold development in the quantity of organizations amid in the last few years.
Economic Factors Providing Decisive Edge
The primary monetary elements of Ajman anticipating itself as the Investors’ haven are
- Strategic and focal area with simple access to Dubai, Sharjah & Ras AL Khaima
- Free Zone advantage
- 100% foreign ownership
- Without Personal Income tax
- Ready/simple accessibility of crude material
- Competitive taking care of charges
- Lower costs of the area and office rents
- Low living cost
- Conducive business environment
- Modern foundations
Types of Licenses We Offer:
Licenses that allow you to import, export, and allocate entertainment products in the United Arab Emirates.
Corporations are granted licenses to operate the services specified in the license contract agreement.
A license type that allows businesses to maximize the growth potential of e-commerce across B2C and B2B opportunities, and is particular to enterprises that conduct business in electronic trading activities. The purchasing and selling of goods or services over the internet, as well as the money and data transfers required to complete these transactions.
Licenses that allow holders to perform several functions within the free zone, including the importation of raw materials, the manufacture of designated commodities, and the exportation of products overseas.
Contact MSZ corporate services provider immediately to receive your tailored company registration proposal or to begin the process of establishing your business in the Ajman Free Trade Zone or any other free zone in the UAE.
MSZ corporate services provider will assist you in establishing your business in AFZA with the most appropriate facilities, obtaining a corporate or personal bank account, acquiring a resident visa in the UAE, and more. Based on your requirements and organizational goals, we will assist you in selecting the appropriate corporate structure and license.
AJMAN FREE ZONE COMPANY BENEFITS:
- Quick registration – Get a License as fast as one day.
- Upon company formation, membership in a chamber of commerce is expected.
- Payment plan with many installments: pay for the AFZA License in two, three, or up to six installments.
- Ajman’s free trade zone features a seaport and warehouses.
- Non-visa package for general trading activity – the least expensive in the UAE.
The Information and documents below are required:
- Company name.
- Business Plan / Business Activity.
- Contact number, E-mail address, and Home address.
- Passport size picture.
- Passport Copy
Contact MSZ corporate services provider for your company set up in Ajman Free Zone. We’ll take care of it quickly and without having to go to the free zone. You will receive a bundle of corporate documents once your company has been registered. Such as:
- Memorandum of Agreement. (For a license with multiple partners)
- Registration Certificate for Chambers of Commerce
- Tenancy Contract or Lease Agreement.
- Trade License.
All these documents are the requirements when you apply for a corporate bank account.
Ajman Free Zone Installment Payment Plan.
Ajman Free Zone (AFZ) is the only free zone in the United Arab Emirates that officially offers an installment basis payment plan for your company setup or business registration.
The Ajman free zone authority has set some requirements that must be met. The most crucial requirement is that the payment is made with post-dated checks from a UAE bank. So, if you choose to pay in three installments for an Ajman free zone license, you can pay the first one in cash and the subsequent payments with two checks on the day of the company’s application.
You will not have any checks from a UAE bank if you arrive from overseas. You could, for example, use the checks of a friend or relative in this situation. However, AFZA will require him to sign a document stating that he has no objections to using his checkbook. Aside from that, you must give a bank statement from the previous three months as proof of funds.
What’s new in Ajman Free Zone.
The Ajman Free Zone has reported that more than 270 new Mashreq Bank accounts have been opened in the names of enterprises that have received licenses from the free zone. The latest figure is the consequence of a Memorandum of Understanding (MoU) signed by both parties to make opening a business account or corporate account with Mashreq Bank easier for enterprises operating in the free zone.
The free zone teamed with Mashreq Bank to deliver specific perks and opportunities to stakeholders. The agreement highlights Ajman Free Zone’s desire to provide unique and distinctive services to its partners and investors, who will now benefit from priority and faster service as a consequence of this collaborative effort.
Ajman free zone has been forging new strategic alliances with government agencies and commercial organizations from a variety of industries, including banks, financial institutions, and professional and legal consulting groups. This strategy intends to provide a fully integrated platform that enables businesses operating on its premises to meet their regulatory and banking obligations swiftly, conveniently, and efficiently. In addition, the free zone assists its investors and entrepreneurs in growing and expanding their businesses and commercial development on a local and regional level.
Get your company up and running in no time with instant help and a simple setup process from MSZ corporate services provider. Fast licensing in business formation for Ajman free zone, offshore companies, and mainland companies with world-class facilities, connections, and cutting-edge infrastructure are all available in the United Arab Emirates.