All You Need to Know About – Ajman Free Zone Authority / AFZA

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Ajman Free Zone Authority was established in 1988 in Ajman, United Arab Emirates. The free zone gives way to free zone company formation, offshore company formation, and foreign direct investment. Currently, there are more than 12,000 companies operating in AFZA.

Since Ajman Media City Freezone’s formation, the Ajman Free Zone Authority has provided a conducive business environment for entrepreneurs and potential investors. AFZA offers cost-saving company formation options to investors and provides a hassle-free business setup service. Moreover, recognizing the growing need for businesses to flourish in new areas like healthcare, retail, education, food & beverage, and technology, AFZA is actively focusing on these sectors and is flexible enough to accommodate new sectors.

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Why Choose Ajman Free Zone Authority

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1) Better Connectivity:

Ajman Free Zone is in well-connection globally through the waterways and airways. The Ajman port, Dubai, and Sharjah Airport are in Free Zone’s proximity.

2) Easy to Set Up:

Just choose your business type, fill out the application, submit the documents, make the payment, and get the license. The company formation process is fast as well as easier in Ajman Free Zone Authority.

3) 100% Company Ownership:

While setting up a business in Ajman Free Zone, you need not part your equity with anyone. You can hold all the company shares and have complete ownership.

4) Best Infrastructure:

The AFZA offers Flexi desks, offices, warehouses, land, as well as onsite accommodation with optimum quality and the best facilities.

5) Business-friendly Laws:

Repatriation of capital, as well as profit, is allowed completely. Moreover, companies are fully exempted from corporate tax. The immigration policies for employees are simplified.

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Type of Business Setups in Ajman Free Zone Authority

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1) Branch of a Foreign Company:

Firstly, this license is provided to companies established outside the United Arab Emirates and wishing to establish a branch in the UAE. The business activities conducted by the company can be commercial, service-related, or manufacturing.

Further, 100% foreign ownership is provided, allowing one to own the company fully.

Following are the required documents to set up a branch of a foreign company in Ajman Free Zone Authority:

• Each partner’s passport copy – must be valid for at least 6 months.
• If the applicant is from the UAE, he needs to submit a no-objection certificate from the sponsor.
• A colored photograph of each partner.
• UID or Visa Copy for each partner.

2) Free Zone Company (FZC):

In the Freezone company setup in dubai, corporate individuals are allowed to apply for a license. It is a limited liability company that strengthens the willingness of foreign investors to set up their company in the Ajman Free Zone.

Further, for Free Zone Company Formation, you require to submit the below-mentioned documents along with the application. After the verification and payment, the required license will be provided.

• Each partner’s passport copy – must be valid for at least 6 months.
• If the applicant is from the UAE, he needs to submit a no-objection certificate from the sponsor.
• A colored photograph of each partner.
• UID or Visa Copy for each partner.

3) Branch of a Local Company:

Firstly, this license is provided to the local companies which are already established in the UAE outside Ajman Free Zone Authority. The ownership remains the same, and a suitable license is required according to the company’s activities.

Following are the few essential documents which you need to submit while applying for a local company’s branch formation:

• Trade license copy.
• Visa copy of company manager.
• Board Resolution copy.
• Company manager’s passport copy – must be valid for at least 6 months.
• Memorandum of Association Copy.
• A colored photograph of the company manager.

4) Free Zone Establishment (FZE):

Free Zone Establishments enjoy the status of an independent entity and allow 100% foreign ownership. The company is exempted from corporate tax, and 100% repatriation is permitted.

Further, for setting up a Free Zone Establishment, submit these documents along with the application and get started with your business:

• Visa copy of company manager.
• Company manager’s passport copy – must be valid for at least 6 months.
• A colored photograph of the company manager.
• UAE Residents need to submit a no-objection letter from the sponsor.

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Facilities and Solutions in Ajman Free Zone Authority

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1) Flexi Desks in Ajman Free Zone Authority:

As the workspace is an essential part of a business, putting the right cost for the workspace is critical for start-ups and new organizations. The Flexi Desk gives an option to use the investment carefully by providing the facility of a shared office. Ajman Free Zone has no time limit on the usage of Flexi Desk. Each desk is assigned to a company and can use during working hours.

2) Executive Offices in Ajman Free Zone Authority:

The executive offices are designed to cater to all the business requirements. They are spacious. Customization exactly as per your business setup is allowed. For flexibility as well as convenience, they are strategically located, making the work fun and fruitful.

3) Freelancer Hub in Ajman Free Zone Authority:

Besides Flexi desks, a dedicated freelancer hub offers flexible co-working spaces, which lets one grow his business cost-effectively.

4) Onsite Accommodation in Ajman Free Zone Authority:

Ajman Free Zone Authority provides onsite accommodation so that companies can take great care of the employees to get optimum business results. For that reason, the onsite accommodation at AFZ is well in construction. The living area is spacious and comes with centralized air conditioning, lavatories, prayer accommodation areas, laundry services, restaurants, as well as parking facilities.

All the time, security remains alert because of surveillance cameras. One room can fit up to five employees. The accommodation site is near offices, so it saves unnecessary transportation and time. The utilities such as electricity and water are included in the rent.

5) Land and Plots in Ajman Free Zone Authority:

This is a suitable option for companies looking for long-term investment and planning to prepare their own facility as per their needs. The land space is as per the yearly lease plan.

One can get as much land as required, starting from 1000 m². The land is in connection with the roads and paved pavements. The general utilities and telecommunication facility is present here. In AFZA, you get easy access to the workforce for construction, loading, and unloading requirements.

6) Warehouse in Ajman Free Zone Authority:

Warehouses are suitable for businesses having activities related to trade and manufacturing. The warehouse comes with an inbuilt office space and also eligibility for getting fourteen resident visas. It has all required utilities, 24/7 security, and a parking facility. The minimum available warehouse space is 100 m². You can even get forklifts, cleaning services, and also Labor by paying a minimal extra cost.

7) Business Centre in Ajman Free Zone Authority:

If you can run your business with a shared space, the business center is the exact spot for you. Besides co-working spaces, you get access to meeting rooms and lounger areas for your clients. Business Centre is suitable for trading, professional, as well as commercial services.

8) General Features in Ajman Free Zone Authority:

• You can get a furnished office and save yourself from putting huge efforts into establishing the office elements.
• In case you wish to customize the office yourself, you can get the unfurnished office.
• Each member can get resident visas.
• For your office security, 24/7 security and also surveillance is set up.
• 150+ app services will help you to digitalize your business.
• Lastly, the Ajman port, Sharjah, and Dubai Airport, and the primary highways are in convenient proximity.

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Types of License in Ajman Free Zone

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All you need to do is choose your industry, submit the application, make the payment, and receive your business license according to your industry. In particular, there are seven different licenses related to trade, industrial, and professional services.

1) Services License:

Before getting the license, one needs to mention the services the business will provide to its clients. The businesses can only operate those services which are in the license contract clause.

2) Pioneers License:

This license is for a specific age group- from 20 years to 30 years old. Therefore, the primary aim of introducing this license is to provide professional independence to the youth by empowering them. It is suitable for undergraduates, entrepreneurs, postgraduates, and also start-ups.

3) Commercial License:

There is a range of activities and products mentioned in the license clause. Henceforth, this license promotes Ajman Free Zone Authority as it gives the accessibility to a business to import, export, and distribute products related to the entertainment throughout the UAE.

4) E-commerce License:

This license is when a company is in B2B and B2C electronic trading. AFZA provides value-added services that you can choose from their e-commerce packages.

5) Freelancer License:

This is an inexpensive license having low rates and cost-effective renewal options. It is beneficial for individual freelancers. However, there are forty categories by AFZ, and the individual must fall under any of them to become eligible for this license.

6) Offshore License:

An offshore License is a requirement for every company which is in a jurisdiction that is different from the jurisdiction where the business activities are carried out. Moreover, the offshore company formation in Ajman Free Zone Authority is beneficial to foreign enterprises conducting business all over the world.

One can go for an Offshore business setup in AFZA for the following activities:

• General Trading
• Holding Company
• Consulting Services / Advisory Services
• Investments Company / Joint Investments Company
• International Services
• Property Ownership
• Shipping Companies / Ship Management Companies
• Commission Agents
• Professional Services

7) Industrial/Manufacturing License:

A manufacturing License is essential for the industries which perform manufacturing of products within the free zone. Therefore, it provides them the approval to import the required raw material, manufacture the product, and export it globally.

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AFZA: FAQs

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N R Doshi and Partners – Company Formation Service

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N R Doshi and Partners has experienced company formation agents when one talks about the business setup services in Dubai, mainland company formation, or offshore company formation. Our agents have worked with different industries established in various free zones.

We can conduct the Ajman Company Formation service for you by taking care of the licensing and leasing process. Our business setup services in AFZA thus include consultation regarding the required license, type of company you must form in Ajman Free Zone, and suitable workspace for you and your employees.

We even provide assistance in getting resident visas for your employees and their bank account opening. By taking advantage of our efficient, fast, and facile company formation service, you can start your business in no time.

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