The Ajman Free Zone (AFZ) is a key business hub in the UAE, offering a cost-effective and efficient platform for entrepreneurs and investors.

Established in 1988, it supports a wide range of industries with streamlined services and competitive advantages. This guide provides clear insights into the Ajman Free Zone license, its benefits, types, setup process, and costs.

Why Choose Ajman Free Zone?

Located on the Arabian Gulf coast, AFZ benefits from proximity to Ajman Port and easy access to Dubai and Sharjah international airports.

It supports over 12,000 companies with modern infrastructure, including smart offices, warehouses, and business centers.

Key benefits include 100% foreign ownership, zero corporate or personal income taxes, and exemption from customs duties on imports and exports. The zone’s strategic location and business-friendly policies make it ideal for global trade.

Types of Ajman Free Zone Licenses

The Ajman Free Zone license caters to various business activities, ensuring flexibility for investors. The main license types include:

• Trading License: For the import, export, and distribution of goods.
• Industrial License: For manufacturing, assembling, and production.
• Service License: For professional or non-professional services.
• E-commerce License: For online buying and selling of goods and services.

Each license is tailored to specific business needs, with options for up to five activities under one license.

Benefits of Operating in Ajman Free Zone

AFZ offers a competitive edge through its cost-effective setup and operational benefits. Companies enjoy full repatriation of capital and profits, no currency restrictions, and access to a global network due to its strategic location.

The zone supports diverse sectors like food and beverage, health and beauty, automotive, and technology. Its digital solutions, including the AFZ Customer Portal, simplify licensing, visa processing, and company management.

For more insights on UAE business opportunities, explore MenaHerald.

Business Setup Process

Setting up a business in AFZ is straightforward. Here’s a concise overview:

• Choose a License Type: Select a license based on your business activity from the AFZ activity list.
• Submit Documents: Provide required documents, such as passport copies, business plan, and security approvals.
• Pay Fees: License costs start at AED 11,900, with flexible payment options like 2, 3, or 6 installments via post-dated checks from UAE banks.
• Secure Office Space: Choose from smart offices, co-working spaces, or warehouses.
• Obtain Visas: Apply for employee and residency visas through the AFZ portal.
• Open a Bank Account: Select a local or international UAE bank with support from AFZ consultants.

The process is efficient, often completed within days, with AFZ’s One-Stop Shop assisting at every step.

Costs of an Ajman Free Zone License

The cost of an Ajman Free Zone license starts at AED 5,000, varying based on business activities, number of shareholders, and office space requirements.

Annual license renewal fees begin at AED 11,900, and an E-Channel registration costs AED 1,100 annually. Additional costs may include visa fees (AED 3,000 per person for federal authority guarantees) and insurance fees (AED 265 per employee). AFZ’s flexible payment plans make it accessible for startups and SMEs.

Key Services Offered by Ajman Free Zone

AFZ provides comprehensive services to support business operations:

• Visa Services: Streamlined visa issuance for employees and family sponsorship, with a 30-day grace period post-cancellation.
• Customer Portal: A digital platform for managing licenses, permits, and shareholder amendments.
• Infrastructure: Access to modern facilities like executive offices, warehouses, and onsite accommodations.
• Sector Support: Specialized services for industries like education, real estate, and technology, with over 50 strategic partners offering banking, finance, and business support.

These services ensure businesses can operate efficiently and scale effectively.

Strategic Sectors in Ajman Free Zone

AFZ prioritizes growth in key sectors, including:

• Food and Beverage: Supports import/export and production with strategic location benefits.
• Health and Beauty: Offers resources for medical and cosmetic businesses.
• Automotive: Facilitates trading and logistics through proximity to Ajman Port.
• Education: Hosts 170 education-based facilities, supporting training and consultancy services.
• Technology: Provides infrastructure for IT and innovation-driven companies.
• These sectors benefit from AFZ’s robust support system and global connectivity.

Conclusion

The Ajman Free Zone license offers a gateway to cost-effective business setup in the UAE, with unparalleled benefits like 100% foreign ownership and tax exemptions. Its strategic location, modern infrastructure, and streamlined services make it a top choice for entrepreneurs.

For expert analysis and updates on UAE business regulations, we at MenaHerald will guide you at every step.

Frequently Asked Questions

Can I Operate an Ajman Free Zone Business without A Physical Office?

A physical office is required; change locations via the AFZ portal’s cancellation service request.

What Are the Requirements for Importing/Exporting Goods in Ajman Free Zone?

Obtain a Custom Code Letter from the AFZ portal; goods must match your license activity.

How Do I Cancel an Ajman Free Zone License?

Submit a signed cancellation letter and clearances via the AFZ portal.

Is a Refund Available for E-Channel or Visa Fees After Cancellation?

Yes, refunds are processed within 10 days with the required documents.

Can I Appoint Multiple Directors for My Ajman Free Zone Company?

Up to four directors can be appointed; update via the AFZ portal.