Ajman Free Zone (AFZ) has emerged as a premier destination for entrepreneurs looking to establish a business. Whether you are a local entrepreneur or an international investor, setting up a business in this free zone can be highly advantageous. With its strategic location in the heart of the UAE, the Ajman Free Zone provides easy access to international airports and major seaports, facilitating seamless international trade.
This blog will guide you on how to open a company in Ajman Free Zone, explaining all the critical aspects, such as the company setup process, required documentation, and costs associated with obtaining an Ajman Free Zone trade license.
Benefits of Opening a Company in Ajman Free Zone
Establishing a business in the Ajman Free Zone comes with several benefits:
1. Strategic Location
The strategic location of Ajman Free Zone offers easy access to international airports and seaports, facilitating international trade.
2. 100% Business Ownership
Business owners can retain 100% business ownership. There’s no need for a local partner for foreign entrepreneurs.
3. Minimal Start-up Costs
With low operational and start-up costs, setting up a business in Ajman Free Zone is budget-friendly.
4. Tax Friendly Environment
Businesses in the Ajman Free Zone benefit from lower corporate taxes and 0% personal income tax.
5. 100% Repatriation of Profit
You can freely transfer your profits without any restrictions, making it easier to manage finances.
6. Flexible Workspaces
AFZ provides various options for office spaces, from shared desks to full-fledged offices, suitable for any business.
These benefits make Ajman an attractive destination for entrepreneurs seeking to establish a free zone company in the UAE.
How to Open a Company in Ajman Free Zone?
Here is a step-by-step process on how to open a company in Ajman Free Zone:
Step 1: Define Your Business Activities
Identify the type of business activities you want to engage in. This step is crucial because the activity you choose will dictate the type of Ajman Free Zone license required.
Step 2: Choose a Company Name
Select a unique name that fits the UAE’s naming conventions. Avoid any offensive or sensitive wording. Make sure to have three different name options ready and verify their availability.
Step 3: Prepare Necessary Documentation
Compile essential documents and keep them ready for your application. To open a company in Ajman Free Zone, you will need the following documents:
- Passport copy (valid for at least 6 months)
- Visa page copy (if applicable)
- Emirates ID (if available)
- Passport-sized photos
- Application form with personal information
- Three name choices for registration
Step 4: Apply for the Ajman Free Zone License
After preparing all the required documents, submit your application to the Ajman Free Zone Authority. You’ll receive your trade license within three to seven days.
Step 5: Apply for UAE Residency Visas
After securing your business license, apply for the UAE residency visas for yourself and your employees.
Step 6: Open a Corporate Bank Account
Once you receive your UAE residency visa, you can open a corporate bank account. This account helps you track your business finances and separate your personal expenses.
Ajman Free Zone Business Setup Costs
The cost of setting up a business in the Ajman Free Zone varies depending on several factors, including the type of license, the number of visas needed, and whether you require office space. Overall, establishing a business in Ajman is an economical option. Since these costs can change, you can obtain an accurate estimate by utilizing our business setup cost calculator.
FAQs:-
1. How long does it take to set up a company in AFZ?
Ans: Setting up a company in the Ajman Free Zone can take anywhere from 3 to 7 working days.
2. Can foreigners fully own a business in Ajman Free Zone?
Ans: Yes, foreign investors can fully own businesses in the Ajman Free Zone without needing a local partner.
3. Why set up a business in Ajman Free Zone?
Ans: Ajman offers strategic location, low startup costs, 100% ownership, and a business-friendly environment for both local and international trade.
4. What types of licenses are offered by the Ajman Free Zone?
Ans: The Ajman Free Zone offers various licenses depending on the nature of your business activities:
- Commercial License
- Service License
- Industrial License
- E-commerce License
- Freelancer License
With the right license, your business activities will be legally recognized, allowing you to operate smoothly.
Conclusion
Opening a company in the Ajman Free Zone is a strategic decision for entrepreneurs looking to thrive in a supportive environment. With the benefits of 100% ownership, cost-effective operations, and a streamlined setup process, Ajman presents endless opportunities.
If you’re ready to start your entrepreneurial journey in Ajman Free Zone, RFZ Business Setup Consultants are here to assist you. Our experienced consultants can guide you through every step of the Ajman Free Zone company setup, ensuring a hassle-free experience.
For a free consultation, contact us at +971 4 589 0815. You can also send us a WhatsApp message at +971 52 157 0658 or email your questions to info@rfz.ae. We are here to assist you!
