Business Setup in Ajman Free Zone
Established in 1988, Ajman Free Zone (AFZ) stands as a vibrant and independent ecosystem, providing businesses and investors with a sustainable environment for nurturing growth and advancement. Its independent status was achieved with the backing of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman. Setting up a business in the Ajman Free Zone is a good option. The process of company registration is relatively easy in the Ajman Free Zone.
Distinguished for its excellence, AFZ was honored with the 7th position in the Global Free Zone of the Year Awards 2021 by FDI Intelligence magazine. With over 9,000 companies from 165 countries benefiting from its top-notch services, AFZ plays a significant role in positively impacting the economy.
Strategically located near the Ajman Port, Dubai, and Sharjah international airports, AFZ provides companies with competitive packages and state-of-the-art facilities. This enables businesses to flourish by facilitating growth and expansion through modern solutions, streamlined license setup processes, and cost-effective pricing.
AFZ also offers AFZ+, a range of value-added services that help partners discover growth opportunities and establish themselves in niche markets. By doing so, AFZ remains committed to contributing to the socio-economic development of Ajman and the UAE.
Offices and warehouses in the free zone
Ajman Free Zone authority has the following features:
1) Flexi desks without monthly time limits
2) Office
3) Warehouses
Flexible workspaces and offices may be situated either within the free zone’s main headquarters or in a nearby standalone tower.
The warehouse complex has notably expanded, now encompassing the entire area around Ajman Sea Port.
The Customs and Immigration office is conveniently located just across the road from Ajman Free Zone.
AFZA licenses and activities
The free zone activities are grouped by industry sector categories:
Ajman Free Zone offers the following license types:
The free zone activities are grouped by industry sector categories:
Business setup cost in Ajman
AFZA encapsulates the usual company types i.e. Free Zone Establishment (FZE), Free Zone Company (FZC), and Branch of a local or a foreign company
Business setup in Ajman starts at AED 6,100 per license. The lowest cost of a commercial license for 2 visas comes out to be AED 13,735.
The lowest business setup cost is as follows:
Freelancer Package
AED 6,100
Business Center with Commercial License
AED 13,735
Business Center package with Service License
AED 16,335
If you are planning to open resident visas under the company, extra fees of immigration will apply.
- E-channel deposit – 1,025 AED
- E-channel registration fee – 2,300 AED
- Visa, Medical checkup and Emirates ID – 3,600 AED
- Renewal fee of E-channel – 1,200 AED
Add shareholders to your company with fee of AED 600 each.
Multiple payments plan
AFZA has different payment plans for different company setup. In fact, AFZA is the only jurisidction that allows to have installment based money payback. You can use 2, 3 , or 6 month installment plan.
Note: The payment should be provided by post-dated checks from a UAE bank.
Ajman Free Zone Authority provides the conditions for the business setup. If you are from a foreign land than UAE, you will be required to have bank checks in place taken from a friend or relative.
AFZA requires that you ask owner of the check to provide with a no objection certificate and also past three months of bank statement to verify the funds availability.
Ajman free zone company setup
It takes only 1 day to register the company in AFZA. The following documents should be available before the successful registration.
- Passport Copy
- Passport Size Photo
- Residential address, phone number, and email
- Compny Name
- Business Activity
- Business Plan
You can approach business consultants for your business setup. Once the process is done, you will get:
- License
- Chamber of Commerce registration certificate
- Lease Agreement
- Memorandum (for companies with multiple partners)
UAE residency visas
Applying for a resident visa in the Ajman Free Zone is similar to any other zone. Here are the timelines to consider while applying for a resident visa in AFZA
Business registration - 1 day
Establishment card (immigration card) - 10 days
Entry visa - 5 days
Medical checkup, Emirates ID, and visa stamping - 5 days
Emirates ID - 7 days from the date of visa stampin
Applying for resident visa in Ajman Free Zone is similar to that in any other zone. Here are the timelines to consider while applying for resident visa in AFZA
1) New license
2) Renewed Lease Agreement
3) Renewed chamber of commerce
4) certificate
Company liquidation in Ajman free zone
For the closure of a company in AFZA, you will need to have clearance:
- from the bank that holds the account for closure
- from Ajman Maintenance Department of you renting a place
You must also cancel all the resident visas you applied for at the start of the business setup.
Liquidation requires a month to close. But before that, you must return all the relevant documents to Ajman Free Zone. If you lose any of the documents, you will have to file a police complaint.
Note: The liquidation of the company can done by the owner or he can pass the authority to the person holding the Power of Attorney.
Also, any earlier deposits will be refunded to the owner.
Our opinion
Ajman Free Zone is a good option for your company setup considering its perks. Due to its low incorporation rate, the zone is helpful for small businesses and startups. The facilities and proximity to Dubai and Sharjah serve as a great advantage.
license costs in Ajman free zone
How to choose a free zone suitable for you?
Documents Required for Company Setup in Ajman Free Zone
Timelines for visa processing in Ajman Free Zone
