Ajman Free Zone (AFZ)
Ajman, United Arab Emirates
Official Name:
Ajman Free Zone (AFZ)
Website:
http://afz.gov.ae
City:
Ajman
Country:
United Arab Emirates
Share Capital:
185,000 AED / 50,340 USD on paper only
Office Requirements:
Virtual
PO Box:
Optional
Services (includes consultancy, etc.):
Yes
Trading (includes trading activity):
Yes
General Trading:
Yes
Audited Financial Reports:
No
Industry Focus:
Trading, Service, E-Commerce, Industrial.
Cost of Setup:
21,950 AED
5,973 USD
Starting Cost of Renewals:
21,950 AED
5,973 USD
Visa Types
Type:
Residency
Time Duration:
Type:
Employment
Time Duration:
Visa Time Duration Before Renewal Required:
Minimum Number of Visas Possible:
Maximum Number of Visas Possible:
5
Maximum Number of Shareholders:
Freelancer Option:
No
Office Presence is Mandatory:
No
Documents Required to Setup a Company :
- Passport valid for 6 months.
- Passport size photograph.
- No objection certificate (NOC) from current sponsor, if applicant is UAE resident.
- Feasibility study in case of industrial, service and electronic activities.
- Fees of 100 AED for trade name approval.
SUMMARY :
Ajman Free Zone is open to all business types – trading, general trading, professional, industrial, e-commerce and more. The free zone is particularly popular with solo entrepreneurs and smaller enterprises due to its affordable and flexible office packages and its quick and easy set up process. The free zone offers a “one-stop” counter service for visa processing and business licences are issued in just 24 hours in most cases.
Another major pull for Ajman Free Zone is its highly strategic location. Ajman is ideally placed to conduct business with both East and West. The free zone is within easy reach of two international airports and four major seaports – making it particularly appealing to those in the import / export trade. Ajman Free Zone also boasts great road links. Its proximity to the E11 affords easy access to the neighbouring emirates of Sharjah and Um Al Quwain – while Dubai is a little over half an hour away.
Outside of the free zone, the emirate of Ajman is currently undergoing major redevelopment. A state of the art international airport is nearing completion, along with a newly-finished $25 million marina project and several park developments – all of which underline Ajman’s commitment to becoming a major player in the Middle East for both trade and tourism.