Ajman Free Zone
Ajman Free Zone Authority, Ajman
Description
AFZ provides a strategic location with easy access to Ajman Port and proximity to Dubai and Sharjah airports, offering a range of business facilities and services to support various industries.
| Emirate | Ajman |
| Website | https://afz.gov.ae/en.html |
| Contact Email | [email protected] |
| Contact Info |
Phone: +971 6 701 1555
Address: P.O. Box 932, Ajman, UAE
|
| Year Established | 1988 |
| License Types | Commercial License, Industrial License, Service License, E-commerce License |
| License Cost | AED 5,750.00 - License packages start from AED 5,750 for a zero-visa allocation. Costs vary based on the number of visas and office space requirements. |
| Formation Cost | AED 5,750.00 - Formation costs start from AED 5,750 for a basic package with zero visa allocation. |
| Minimum Capital Requirement | AED 185,000.00 - A minimum share capital of AED 185,000 is required for Free Zone Establishment (FZE) and Free Zone Company (FZC) setups. |
| Allowed Business Activities | Trading, Manufacturing, Services, E-commerce, Consultancy, Logistics |
| Company Legal Structures | Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Local Company, Branch of a Foreign Company |
| Restricted Activities | Activities conflicting with UAE laws and Islamic morals |
| Investor Visa Cost | AED 2,530.00 - An investor visa costs approximately AED 2,530, including medical tests and Emirates ID issuance. |
| Employee Visa Cost | AED 2,530.00 - Employee visa costs are similar to investor visa costs, approximately AED 2,530 per visa. |
| Processing Time (Days) | 1 days - Company formation can be completed within 1-3 working days after all required documentation has been compiled and submitted. |
| Visa Processing Time | 5 days |
| Physical Office Required | No |
| Office Space Options | Executive Offices, Offices, Business Center, Warehouses, Onsite Accommodation, Land |
| Office Space Cost | AED 5,750.00 - Office space packages start from AED 5,750 for a co-working space with zero visa allocation. |
| Virtual Office Available | Yes |
| Bank Account Assistance | Yes |
| Bank Account Cost | AED 2,000.00 - Assistance with bank account opening is provided; costs vary by bank and account type. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Subject to UAE federal laws and regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | No |
| Renewal Fees | AED 5,750.00 - Renewal fees start from AED 5,750 for a zero-visa allocation package. |
| Renewal Processing Time | 1 days |
| Business Restrictions | Prohibited from engaging in activities outside the scope of licensed operations. |
| Ownership Structure | 100% foreign ownership allowed. |
| Import/Export Restrictions | No No restrictions; businesses benefit from 100% import and export tax exemption. |
| Benefits | Strategic location with access to regional markets, Cost-effective business setup packages, Modern infrastructure and facilities, No currency restrictions, 100% repatriation of capital and profits |
| Drawbacks | Specific focus on certain industries may limit suitability for some business types. |
| Specific Compliance Requirements | Compliance with UAE labor laws, Adherence to AFZ regulations and guidelines |
