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 operated in AFZA.
Ever since its formation, the Ajman Free Zone Authority provides a conducive business environment to entrepreneurs and potential investors. AFZA offers a cost-saving company formation options to investors and provides a hassle-free business setup service. Recognizing the growing need of 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.
Why choose Ajman Free Zone Authority
- Better connectivity doesn’t exist: Ajman Free Zone is well-connected globally through the waterways and airways. The Ajman port and Dubai, as well as Sharjah Airport, are in Free Zone’s proximity.
- Easy to setup: Just choose your business type, fill the application, and submit the documents, make the payment, and get the license. The company formation process is fast as well as easier in AFZA.
- 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.
- Best Infrastructure: The AFZA offers Flexi desks, offices, warehouses, land, and onsite accommodation with optimum quality and best facilities.
- Business-friendly laws: Repatriation of capital, as well as profit, is allowed completely. Moreover, companies are fully exempted from the corporate tax. The immigration policies for employees are simplified.
Type of Business Setups in Ajman Free Zone Authority
Facilities and solutions in Ajman Free Zone Authority
Flexi Desks
As the workspace is an essential part of a business and putting the right cost for 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. Ajmer Free Zone has no time limit on the usage of Flexi Desk. Each desk is assigned to a company, and they can use it during the working hours.
Executive Offices
The executive offices are designed to cater to all the business requirements. They are spacious and can be customized exactly as per your business setup. For flexibility and convenience, they are strategically located, making the work fun and fruitful.
Freelancer Hub
Besides Flexi desks, there is a dedicated freelancer hub that offers flexible co-working spaces, which lets one grow his business cost-effectively.
Onsite Accommodation
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 facilitated. The living area is spacious and comes with centralized air conditioning, lavatories, prayer accommodation areas, laundry services, restaurants, and parking facilities.
All the time, security remains alert, and surveillance cameras are also installed. One room can fit up to five employees. As the accommodation site is nearby offices, it saves unnecessary transportation costs and time. The utilities such as electricity and water are included in the rent.
Land and Plots
This is a suitable option for the companies looking for long term investment and planning to prepare their own facility as per their needs. The land space is provided as per the yearly lease plan.
One can get as much land as required, starting from 1000 m2. The land is well-connected 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.
Warehouse
Warehouses are suitable for businesses having activities related to trade and manufacturing. The warehouse comes with an inbuilt office space and eligibility for getting fourteen resident visas. It comes with all utilities required, 24/7 security, and a parking facility. The minimum available warehouse space is 100 m2. You can even get forklifts, cleaning services, and Labor by paying a minimal extra cost.
Business Centre
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 area for your clients. Business Centre is suitable for trading, professional, and commercial services.
General features
- You can get a furnished office and save yourself from putting huge efforts from establishing the office elements.
- In case you wish to customize the office yourself, you can get the unfurnished office.
- Each member can get to resident visas.
- For your office security, 24/7 security and surveillance is setup.
- 150+ app services will help you to digitalize your business.
- The Ajman port, Sharjah, and Dubai Airport and the primary highways are in convenient proximity.
AFZA: License Types
Know about various license types available in AFZA
All you need to do is choose your industry, submit the application, make the payment, and you will receive your business license according to your industry. In total, there are seven different licenses related to trade, industrial, and professional services.
Services License
Before getting the license, one needs to mention the kind of services business is going to provide to its clients. The businesses can only operate those services which are mentioned over the license contract clause.
Pioneers License
This license is dedicated to the specific age group- from 20 years to 30 years old. The primary aim behind introducing this license is to provide professional independence to the youth by empowering them. It is suitable for undergraduates, entrepreneurs, postgraduates, and start-ups.
Commercial License
There is a range of activities and products mentioned in the license clause. 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.
E-commerce License
This license is required when a company is involved in B2B and B2C electronic trading. AFZA provides value-added services that you can choose from their e-commerce packages.
Freelancer License
This is an inexpensive license having low rates and cost-effective renewal options. It is specially introduced for the benefit of individual freelancers. However, there are forty categories offered by AFZ, and the individual must fall under any of them to become eligible for this license.
Offshore License
Offshore License is required for every company which is incorporated in a jurisdiction, which is different from the jurisdiction where the business activities are carried out. The offshore company formation in Ajman Free Zone Authority is beneficial to foreign enterprises conducting business all over the world.
One can go for 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
Industrial/Manufacturing License
Manufacturing License is essential for the industries which perform manufacturing of products within the free zone. It provides them the approval to import the required raw material, manufacturing the product, and exporting the product globally.
AFZA : FAQs
As per the rules and regulations of the Port and Customs organization of the UAE, one first needs to request a Custom Code Letter through the AFZ portal. This will provide you permit to import and export goods.
Yes, one month grace period is provided to all the companies for the license renewal after the expiry date of the license.
Yes, one needs to raise a Service Request (SR) through the customer portal present under the client services option.
Through AFZA’s online portal, first apply for “Entry Permit,” then go to the “Visa Status Amendment.” You need to select the option- “New Residency Visa Stamping.”
N R Doshi and Partners – Company Formation Service
N R Doshi and Partners has experienced company formation agents when one talks about the mainland company formation, offshore company formation, or free zone 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 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 get started with your business in no time.
Source: https://nrdoshi.ae/ajman-free-zone-authority-afza-all-you-need-to-know/
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