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HELEN & SONS CONSULTANCY FZC

Ajman Free Zone

Ajman free Zone that was established in 1988 is one the unbonded free zones in the UAE. This free zone offers offshore company operation and setup to business investors. As of 2018, 12,362 companies operated out of AFZA.

The UAE’s free trade zones are a major economic contributor, with 2017 exports from UAE free zones of Dhs 225.5 billion in 2017 representing some 19.5% of total exports. The 30 of a total of 45 free zones in the UAE are situated in Dubai. The Business Setup in Ajman Free Zone can be made hassle-free by hiring a Business Setup agent in Ajman or a Consultancy in Ajman.

Advantages of Setting Up or starting a Business venture in Ajman Free Zone

The strategic and cost-effective location of AFZA makes it enticing for investors around the world to invest in different sectors and also for the business community to start their new ventures.

1. Commercial Benefits:

  • Companies in Ajman Free Zone, total exemption from customs duty for goods and services.
  • Foreign companies can have 100% ownership
  • Provision of 100% repatriation of capital and profits.
  • No red tape
  • Liberal economic policies and legal framework
  • Labor cost is low

2. Tax Benefits:

  • Corporate tax is fully exempted for companies.
  • Personal income tax is also exempted.
  • Total exemption even on import-export tax

Types of SPACE Available in Ajman Free Zone

Small Furnished Offices

Packages starting from 5 sq m office size

Executive Office Package

Executive Office package, eligible for 4 visas. This fees include visa stamping, entry permit, emirates ID, and medical for one visa for 3 years.

Ajman Free Zone License Types

Ajman Free Zone Authority (AFZA) provide few types of business licenses, which they issue according to the type of business setup,

PIONEERS LICENSE

A perfect choice for startup companies, young entrepreneurs, under-graduates, and post-graduates to start a company easily.

FREELANCER LICENSE

Freelancers across 40 business categories can apply for the Freelance License to beginners for start-up business life.

SERVICES LICENSES

For providing services in the field of management, consulting, accounting, information technology, marketing, eCommerce, etc., you can apply for a service license.

TRADING LICENSES

Often a trading license is issued for individuals who carry out trading activities in the free zone region. Besides, the businesses can add 3 activities in a single license that is issued by the Ajman Free Zone Authority.

INDUSTRIAL LICENSES

All companies in Ajman Free Zone that are involved in the production of goods need to acquire an industrial license from the Ajman Free Zone Authority for starting or setting up their manufacturing plant in the free zone region. Apart from that, the Ajman Free Zone Authority also offers warehouses as well as smart-store service for manufacturing companies.

TYPES OF OWNERSHIP

FREEZONE ESTABLISHMENT (FZE)

The establishment enjoys an entirely independent corporate entity. The minimum capital that is required for the establishment will be $ 50,000. Further the owner is liable only within the extent of the capital.

FREEZONE COMPANY (FZC):

The company is usually incorporated by a number of corporate or natural persons. The business owners will be liable within the extent of the paid-up capital only and the minimum capital of the company is $ 50,000.

BRANCH OF A LOCAL COMPANY:

Licenses under this category are issued to the free zone companies holding a valid license from any other UAE licensing authority

BRANCH OF A FOREIGN COMPANY:

Licenses that comes under this category are often issued to business ventures established outside the UAE. Besides, the ownership of these companies will be 100% foreign. However, sales of the companies that comes under this category can be made only through a UAE registered distributor or agent. Further, the activity may be industrial, commercial, professional or services.

REQUIRED DOCUMENTS

A Freezone Company (FZC) & A Freezone Establishment (FZE)
  • Passport copy that is valid for 6 months minimum, for the representative or manager of the company.
  • A color photographs
  • A no Objection Letter from the sponsor in case the applicant has a valid residence in UAE
  • A feasibility study shall be submitted in the case of Industrial & Services enterprises
  • No need to show capital deposit in Bank
A Branch of a Local Company
  • Passport copy that is valid for 6 months minimum, for the representative or manager of the company.
  • A color photographs
  • A no Objection Letter from the sponsor in case the applicant has a valid residence in UAE
  • A feasibility study shall be submitted in the case of Industrial & Services enterprises
  • No need to show capital deposit in Bank
A Branch of a Foreign Company:
  • Passport copy that is valid for 6 months minimum, for the representative or manager of the company.
  • A color photographs
  • A registration certific,/p>ate issued by the competent authority in the country in which the company is registered
  • Contract of association of the company
  • A resolution issued by the competent authority to the company for carrying out the activity in the Freezone and appointment of a representative or manager by virtue of a duly attested Power of Attorney
  • A feasibility study shall be submitted in the case of Industrial & Services enterprises
Cost Effective Business Package:

For beginners, Smart Office will be an ideal start up package.

Our Role

HELEN AND SONS is a one-stop solution and service provider for foreign as well as local investors and businessmen. We are one of the best business setup consultants or a reliable business setup expert that helps you with the Business Setup in Ajman_free_Zone.

Our team will take care of all your company formation requirements as well as business setup requirements. Being the Best Consultancy Company, we offer services like documentation, a bank account, registration, licensing, and other legal formalities relating to your business.

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