Ajman Free Zone (AFZ) Company Setup
- 100% Business Ownership & Capital Repatriation
- Strategic Location
- Business licences that start at AED 11,000
Why Setup a Company in Ajman Free Zone (AFZ) ?
Established in 1988, Ajman Free Zone (AFZ) is an Emirate located near Sharjah and Dubai. This is one of the longest running of the UAE Free Zones and is open to a wide range of industries including industrial, trading, professional, and e-commerce. AFZ provides companies the opportunity to start a business with affordable and flexible office packages having a quick and easy licensing process for businesses of all sizes. Most companies prefer to do business in Ajman Free Zone as its strategic location is in proximity of international airports and four major seaports. Young entrepreneurs prefer to do Ajman free zone company setup as it offers competitive fees and multiple installment payment plans with options to pay in 2, 3 or 6 installments. Thus, it is a good opportunity for young businessmen to explore the UAE market as it offers low cost license. If you are looking for any alternative solutions, have a look at RAK free zone company setup or company formation in ADGM in Abu Dhabi.
Speak to our Ajman Free Zone company setup consultant and understand the numerous benefits of company formation in Ajman Free Zone (AFZ).
Skwer Group Experts will guide you through the company formation in Ajman Free Zone process from start to finish!
Ajman Free Zone Company Setup Benefits
100% Business Ownership and Capital Repatriation
Quick Set Up Proces
Easy Bank Account Opening
Multiple Visa Options
Tax Exemption
Simplify Your UAE Business Setup: License Categories and Activities in Ajman Free Zone (AFZ)
In AFZ, your license type aligns with your business setup and objectives. AFZ provides a variety of license types tailored to diverse business needs:
- Commercial License
- Service License
- Industrial License
- E-Commerce License
- Freelancer License
- Pioneer License
- Offshore License
- Marketing Research Consultancies
- IT Consultancy
- Educational Consultancy
- Interior Design Engineering Consultancy
- Media Consultancy and Studies
- Woman Personal Care and Beauty
AFZ Flexibility:AFZ permits either 1 service activity or 3 trading activities in the license. Certain packages even allow additional activities for AED 1,600.Consider AFZ company setup for your commercial, service, industrial, or specialized needs. With its diverse range of license types and business-friendly features, AFZ empowers you to harness your business potential within a vibrant economic landscape.
Quick & Easy Company Setup Process
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Business Activities in Ajman Free Zone
Oil & Gas
License for all oil and gas activities.
Hospitality
License for business in the tourism and hospitality sector.
E-commerce
License for providing services in selling of good online.
Import & Export
License for import, export, storage, and distribution.
Consultancy
License for services offering consultancy in general.
Types of Ownership
01
Free Zone Establishment (FZE)
An FZE, or Free Zone Establishment, represents a Limited Liability Company with a solitary shareholder, who can be either an individual or a non-individual entity (company).
02
Free Zone Company (FZC)
This entity type, known as a Free Zone Limited Liability Company, is established by multiple shareholders, which can encompass both individuals and non-individuals (companies).
03
Branch of Local Company
A Branch denotes an extension initiated by a parent company within AJMAN, featuring complete ownership by the parent company and governed by its name and activities.
04
Branch of Foreign Company
This legal entity is crafted for conducting business beyond the company’s original jurisdiction. It requires at least one shareholder, with no restriction on the maximum count, and may encompass both individuals and non-individuals (companies).
Main Characteristics of Ajman Free Zone Company Setup
| Characteristic | Description |
|---|---|
| Company Legislation | Ajman Free Zone Companies Regulations |
| Time to Incorporate | 4-5 Days |
| Possibility of Migration | No |
| Tax Rate | VAT at 5% |
| Shareholders | 1- 4 |
| Residency Requirements | No |
| Share Capital | AED 185,000 |
| Bearer Shares | No |
| Beneficial Ownership Disclosure | Shareholder, Director and Manager details are provided to the Ajman Free Zone but these remain private and are not publicly disclosed |
| Directors | Same as Shareholders |
| Manager | One (individual) |
| Secretary | No |
| Local Presence Requirements | No |
| Availability of Shelf Companies | No |
| Meetings | No |
| Annual General Meetings | Yes |
| Annual Accounts | Yes |
| Filing of Accounts | No |
| Audit Requirement | Yes, but does not need to be filed |
| Registered Office Required | Yes |
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Documents Required for Ajman Free Zone Registration
Free Zone Establishment (FZE)
| Requirements: | Status |
|---|---|
| Passport copy that is valid for 6 months minimum |  |
| No Objection Letter from the sponsor in case the applicant has a valid residence in UAE | |
| Industrial & Services enterprises must submit a feasibility study. | |
| No need to show capital deposit in Bank | |
| Coloured Photo | |
Free Zone Company (FZC) & Branch of Local Company
| Requirements: | Status |
|---|---|
| Passport copy that is valid for 6 months minimum, for the representative or manager of the company. | |
| No Objection Letter from the sponsor in case the applicant has a valid residence in UAE | |
| Industrial & Services enterprises must submit a feasibility study. | |
| No need to show capital deposit in Bank | |
| Coloured Photo | |
Branch of a Foreign Company
| Requirements: | Status |
|---|---|
| Passport copy that is valid for 6 months minimum, for the representative or manager of the company. | |
| A registration certificate issued by the competent authority in the country in which the company is registered | |
| Contract of association of the company | |
| A resolution issued by the competent authority to the company for carrying out the activity in the Freezone and appointment of a representative or manager by virtue of a duly attested Power of Attorney | |
| Industrial & Services enterprises must submit a feasibility study. | |
| Coloured Photo | |
