Company Formation in Ajman Free Zone
Ajman Free Zone, established in 1988, was granted autonomous status under the Amiri decree no.3 of 1996 issued by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman. Ajman Free Zone Authority has been named as the sole regulatory agency for Free Zone in the Emirate.
The formation of the Free Zone Authority in 1996 has given great impetus to industrial activity in the Free Zone which has resulted in quadruple growth in the number of companies during the last few years. Ajman Free Zone with its package of unbeatable advantages is widely recognised as entrepreneurs' haven today.
A massive multi-million Dirhams development plan on over a mission square metre area is under progress at the Free Zone, which on completion will be able to accommodate 600 companies.
Strategically situated at the entrance of the Arabian Gulf, Ajman Free Zone is well placed to serve the eastern and western markets.
Ajman's proximity to Sharjah and Dubai provides easy accessibility to the two international airports and four ports. Ajman Port, serving over 1000 vessels in a year, has emerged as an important maritime focal point today. It has twelve berths. A massive development plan for Ajman Ports, under progress, seeks to enhance its facilities to world level in the near future.
Why Ajman Free Zone
The Only down Town Free Zone most strategically located in the UAE. I.e. close to major commercial cities providing an excellent access to the other Emirates. The distance of Ajman Free Zone from the other Emirates is elaborated below:
- 12 km away from DUBAI
- 2 km away from SHARJAH
- 0 km away from AJMAN city
AIR : Two international Airports, within 25 minutes drive from the Ajman Free Zone.
SEA : Ajman Free Zone is adjacent to the Ajman Port. Sharjah's Khorfakkan Port , Port Khalid and Dubai's Port Rashid are within 35 minutes drive from Ajman Free Zone.
ROAD : Extremely efficient international road network connects the Ajman Free Zone to Oman, Qatar, Bahrain, Saudi Arabia, Iran, Kuwait and beyond to Europe.Advantages
- Competitive pricing on premises
- No hidden fees
- No hidden charges
- Cheap energy
- The most economical wage structure and easy access to vast work force
- Total exemption from all import and export duties
- Total elimination of all service charges and hidden fees
- Exceptionally low handling charges
- 20 years land contract is renewable for another 20 years guaranteeing 40 years tax free operations
- Lowest lease prices
- World class infrastructure
- Lowest tariffs in the region
Company Formation Ajman
- 100% foreign ownership
- 100% repatriation of capital and profits
- No personal income tax
- No corporate tax
- Low labor cost
- No Red Tape
CDE (Custom duty exemption in GCC counters)
Goods produced by the companies having National Industrial Licence in the Ajman Free Zone with 51% share holding with GCC nationals are eligible for "UAE Certificate of Origin" from the Ministry of Economy and Commerce, UAE, qualifying them for a customs duty exemption in member states of the GCC, provided the value addition in Ajman Free Zone has been at least 40% of the total final value of the relevant product.
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