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Businesses of all sizes have been flocking to the Ajman Free Zone because of the low-cost company setup prospects it provides. The Free Zone has become a shelter for a wide range of enterprises, as well as freelancers and new entrepreneurs. Because of the particular programmes it offers for young entrepreneurs, the Ajman Free Zone is frequently regarded as the finest area for those entrepreneurs looking to establish their firm from the ground up. The decision to create a business in the Ajman free zone is a strategic one, thanks to competitive pricing, easy access to low-cost labour, and state-of-the-art infrastructure.
Since its inception in 1988, the Ajman Free Zone has played a critical role in the development of the UAE's industry, trade, and financial sectors. The Free Zone is ideally placed near the Arabian Gulf's entry point, giving it access to both Eastern and Western commercial markets. For investors, having easy access to other commercial centres such as Dubai and Sharjah is a huge plus. Around 8,000 businesses from various industries are housed in the free zone. Companies operating in the Ajman Free Zone account for 32% of overall exports and 60% of re-exports in the Emirate of Ajman.
Ajman provides you with the opportunity to visit the Ajman port. Ajman is only 2 kilometres from Sharjah and 12 kilometres from Dubai. The overall area of the free zone in Ajman is 324 square metres.
The Ajman Free Zone offers the quickest and easiest option to register a business and choose an address.
Ajman Freezone provides a slew of advantages to its investors, including speedy trade licence issuance, minimal start - up expenses, several visa possibilities, a diverse choice of company activities to pick from, and simple corporate bank account opening.
The Ajman Free Zone Authority (AFZA) issues four different types of business permits, depending on the type of business setup:
A trading licence is provided to people who engage in trading activities in the free zone territory. In a single licence given by the Ajman Free Zone Authority, the company can add three activities.
An e-commerce licence can be obtained by a company that wishes to enter the e-commerce market or launch an online business. It also helps investors with marketing and technical issues.
To start their business in the Ajman Free Zone, all UAE or foreign enterprises who want to provide PRO services, such as IT, management, or marketing consulting, must first get a professional licence.
To start a manufacturing plant in the free zone, all enterprises involved in the production of commodities must first obtain an industrial licence from the Ajman Free Zone Authority. The Ajman Free Zone Authority also offers manufacturing enterprises storage and smart-store services.
Companies that meet the following conditions are granted this licence:
Exports to the Arab Gulf Cooperation Council member states are duty-free for companies possessing a national industrial licence.
Freelancers in 40 different business categories can apply for a Freelance License to help them get their business off the ground.
A great option for undergrads, postgrads, young entrepreneurs, and start - up businesses who want to launch a business quickly. the forerunner.
Emiri Decree No. 3 of 1988, as revised by Emiri Decree No. 3 of 1996, governs the issuance of permits in this category. The establishment now has its own corporate entity as a result of the aforementioned decree. The establishment must have a minimum capital of $ 50,000, and the owner is solely liable up to that amount.
Emiri Decree No. 3 of 1988, as revised by Emiri Decree of 1996, governs the issuance of permits in this category. The corporation is incorporated by a number of natural or corporate people as a result of the aforementioned decree.
This category of licence is given to freezone companies that have a valid licence from any other UAE licencing authority.
Companies based outside the UAE are granted licences in this category. The corporation will be owned entirely by foreign investors. Sales, on the other hand, can only be made through a UAE-registered agent or distributor. Commercial, industrial, or professional/services activities are all possibilities.
The low cost of doing business in the Ajman Free Zone, as well as the low cost of living in the emirate, have encouraged a large number of investors to set up shop here. One of the main reasons for the recent increase in the number of new licences awarded is that the Free Zone welcomes enterprises of all sizes. Because to its reasonable pricing and well-developed infrastructure, the Ajman Free Zone has become a favoured location for small and medium businesses in recent years. The free zone in Ajman is best suited for trading firms, as well as firms that specialise in innovative technology and health-related services.
Before applying for a licence, new investors should review the list of permitted business activities in the Free Zone. It is highly suggested that you contact reputable company formation consultants in the UAE. The following business activities are carried out by the companies in the Ajman Free Zone:
The Ajman Free Zone provides investors with a number of advantages, including a strategic location and a low-cost setup. Ajman Port, Port Khalid, Port Rashid, and Khorfakkan Port are all within a short distance of the Free Zone. For enterprises operating in the Ajman Free Zone, this simplifies logistics. In addition, the Ajman Free Zone provides the following benefits:
One of the most appealing features of the Ajman Free Zone ? particularly for newcomers to the UAE ? is the variety of packages available, each of which includes a different number of visas. Up to three visas are allowed in the Smart Office package, while up to five visas are allowed in the Executive Office package. Business owners who do not require actual office space can take advantage of the flexi-desk package, which allows them to use office space, equipment, and other services such as meeting room rental without having to rent a permanent desk.
Ajman Free Zone welcomes enterprises of all sizes, but pricing is always a consideration, no matter how big or little your company is. However, as one of the most cost-effective free trade zones (FTZs) in the UAE, Ajman freezone is particularly popular with small and medium-sized businesses searching for substantial commercial benefits on a tighter budget.
The registration process for the Ajman Free Zone is simple. The only time entrepreneurs must visit the free zone is to sign business forms in front of officials; the rest of the process can be completed remotely.
You may normally get your Ajman freezone firm up and running in as little as two days after submitting the required application and company documentation, as well as your business plan.
Entrepreneurs are not need to provide a (NOC) from their existing job in Ajman Freezone. Another reason it is popular with new and first-time entrepreneurs is that it allows them to start side enterprises while still working full-time in the free zone.
Because Ajman Freezone is accessible to practically all trading activities, including general trade, many entrepreneurs flock to receive their trading licence. Among other things, the freezone issues professional and industrial licences. Many of the UAE's freezone do not give the option of seeking for a separate e-commerce licence, which Ajman Freezone does.
Ajman Free Zone is the ideal home for businesses who want to get up and running quickly and with as little bother as possible. There are no continuing auditing or bookkeeping requirements, and there is no necessity to deposit paid up share capital to get your Ajman Free Zone Company set up.
Ajman Free Zone business formation representatives are available to assist with the application and opening of corporate bank accounts, which is another reason why it appeals to the busy entrepreneur. Ajman Free Zone experts can assist you identify the best bank for you and schedule meetings with any necessary institutions, in addition to advise on the mechanics of the application procedure.
Ajman Free Zone's very strategic location is another important draw. Ajman is in a great position to do business with both the east and the west. The free zone is close to two international airports and four major seaports, making it very suitable to import/export businesses. The free zone also has excellent road connections. Its proximity to the E11 allows for quick access to the nearby emirates of Sharjah and Um Al Quwain, while Dubai is only a half-hour drive away.
In the competitive business landscape of the UAE, choosing the right free zone to launch a firm is a strategic decision. For businesses, the Ajman Free Zone is one of the most cost-effective business setup choices.
Contact Dhanguard right away to begin your business establishment in the Ajman Free Trade Zone or any other free zone in the UAE. We will assist you with establishing your business in AFZA with the most appropriate facilities, creating a corporate or personal bank account, acquiring a UAE residency visa, and more. Based on your requirements and business goals, we will assist you in selecting the appropriate corporate structure and license.
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