Ajman Free Zone (AFZ) is rapidly becoming a preferred destination for entrepreneurs and investors seeking a cost-effective and efficient business environment in the UAE. Whether you are starting a small trading company or a large industrial enterprise, Ajman Free Zone company formation offers a streamlined process with competitive pricing and strategic benefits.
Why Choose Ajman Free Zone for Business Setup?
Located in the emirate of Ajman, AFZ provides excellent connectivity to Ajman Port, Dubai, and Sharjah airports, making it a strategic hub for trade and logistics. The free zone boasts fully digitized business setup procedures, developed infrastructure, and a wide range of value-added services including banking, insurance, and medical support. This makes business setup in Ajman Freezone not only affordable but also convenient and supportive for all types of businesses.
Steps for Ajman Free Zone Company Formation
Starting your business in Ajman Free Zone involves a clear and efficient process:
- Choose Your Business Activity: Select from commercial, industrial, or service activities that align with your business goals.
- Determine Legal Structure: Options include Free Zone Establishment (FZE) for single shareholders, Free Zone Company (FZC) for multiple shareholders, or branches of local or foreign companies.
- Select Company Name: Submit up to three names for approval following UAE naming conventions.
- Submit Documentation: Provide passport copies, business plan, and other required documents.
- Pay Fees and Obtain License: Complete payment of registration and licensing fees to receive your Ajman Free Zone license and visas if applicable.
This entire process can be completed within 1-3 working days, making it one of the fastest business setups in the UAE.
Eligibility Criteria for Company Formation in Ajman Free Zone
- Business Type: Ajman Free Zone offers licenses for commercial, industrial, service, e-commerce, and freelance activities. The license type depends on your chosen business activity.
- Legal Structure: Options include Free Zone Establishment (FZE) for a single shareholder, Free Zone Company (FZC) for multiple shareholders, branch of a local company, or branch of a foreign company.
- Shareholders: At least one shareholder is required, who can be an individual or a corporate entity.
- Capital Requirements: Vary depending on the license and legal structure but are generally lower compared to other UAE free zones.
- Office Space: A physical office is mandatory, which can be a flexi-desk, executive office, warehouse, or industrial land.
- Documentation: Includes passport copies, business plan, no-objection certificate (NOC) if applicable, and proof of address.
- Visa Eligibility: The number of visas granted depends on the license type and office space rented.
- Annual Renewal: Businesses must renew their license annually, with fees varying by license and office type
Ajman Free Zone Company Setup Cost
One of the biggest advantages of Ajman Free Zone is its budget-friendly pricing. The Ajman Free Zone company setup cost starts from as low as AED 5,000 for specific packages tailored to young entrepreneurs and freelancers. Typical license fees vary depending on the business activity and visa requirements:
| License Type | Estimated Cost (AED) |
|---|---|
| Pioneer Package (20-30 years) | 5,000 |
| Freelance Package | 6,000 |
| Trading License (1 visa) | 13,535 |
| Service License (1 visa) | 16,135 |
Flexible payment plans are available, allowing payments in 2, 3, or 6 installments, which is unique among UAE free zones. This flexibility helps new businesses manage cash flow effectively during setup.
Step-by-Step Company Formation Process in Ajman Freezone
- Choose Your Business Activity: Select from trading, manufacturing, services, e-commerce, or freelancing activities aligned with Ajman Free Zone regulations.
- Select Legal Structure and License Type: Decide on FZE, FZC, or branch options and the corresponding license (commercial, industrial, professional, etc.).
- Company Name Approval: Submit three proposed names for approval, ensuring compliance with UAE naming conventions.
- Prepare and Submit Documents: Provide passport copies, photographs, business plan, lease agreement, and pay registration fees.
- License Issuance: Once approved, the license is issued typically within 1-3 working days.
- Visa Application: Apply for residence visas based on the office space and license type.
- Open Corporate Bank Account: Assistance is often available to open a corporate bank account, sometimes remotely
Types of Licenses Available in Ajman FreeZone
- Trading License: For import, export, and general trading activities.
- Professional/Service License: For consultancy, freelancing, and service providers.
- Industrial License: For manufacturing and industrial activities.
- E-Commerce License: For online businesses and digital trading.
- Freelance License: For individual entrepreneurs offering professional services
Common Business Activities Permitted
- Trading in vehicles (new, used, electric), vehicle parts, and accessories.
- Commercial trading of agricultural products, foodstuff (fresh, frozen, organic), and animal products.
- Services including printing, design, consultancy, IT, and freelancing.
- Industrial activities such as manufacturing and assembly
Benefits of Business Setup in Ajman Freezone
- Cost-Effective: Lower license and setup fees compared to other UAE free zones.
- Fast Processing: Company formation can be completed within a few days.
- Strategic Location: Access to major ports and airports facilitates trade and logistics.
- Comprehensive Support: Assistance with licensing, visa processing, office space, and more.
- Tax-Free Environment: Enjoy 100% repatriation of profits and no personal or corporate taxes.
- Flexible Office Solutions: Options range from flexi-desks to warehouses to suit your business needs.
For entrepreneurs looking to establish a presence in the UAE with minimal hassle and cost, Ajman Free Zone company formation is an excellent choice. With its affordable Ajman Free Zone company setup cost, fast and digitized procedures, and strategic location, AFZ offers a compelling business setup solution. Whether you are a startup, freelancer, or established company, Ajman Free Zone provides the infrastructure and support to help your business thrive in the UAE market.
Contact Arab Express UAE today to get expert guidance on your business setup in Ajman Freezone and make your entrepreneurial vision a reality.