Ajman Free Zone is one of the oldest and best-known free zones within the UAE. It’s situated in the Emirate of Ajman about 40 minutes drive from Dubai.
This zone is located adjacent to a sea port and welcomes any businesses: starting from freelancers, ending with light manufacturing and trading companies.
As opposed to business setup in Dubai, Ajman Free Zone company setup is attractive to those who start a new business from scratch due to its competitive fees for young entrepreneurs and multiple installment payment plans.
OFFICES AND WAREHOUSES IN THE FREE ZONE
Ajman Free Zone Authority always has the following facilities on the list:
– Flexi–desks – available without monthly time limits
– Offices
– Warehouses
Flexi-desks and offices can be either located within the free zone headquarters or in a separate tower nearby.
The warehouses complex has significantly grown and covers all the area around Ajman Sea Port.
Customs and Immigration office are just across the road from Ajman Free Zone.
ACTIVITIES
Activities for Ajman Free Zone company formation are divided into traditional 3 groups:
– Trading
– Service
– Industrial
On top of that, in 2019 AFZ introduced a category of Freelance permit, which allows having a license and a 3 year visa for the most reasonable costs.
AFZ allows having either 1 service activity or 3 trading activities in the licence. Increase is not possible even for an extra payment.
BUSINESS SETUP COST IN AJMAN
Business setup in Ajman starts from as low as 5,000 AED per license. This package is designed for young businessmen from 20 to 30 years old. It is a great opportunity to have a low cost license and explore the UAE market.
Other packages’ fees depend on visa allocations and business activities. The lowest cost is 13,535 AED for the license from trading category eligible for 1 visa.
Lowest business setup cost in Ajman, per license (AED):
Pioneer package (20-30 years old owners) 5,000
Freelance package 6,000
Trading package eligible for 1 visa 13,535
Service package eligible for 1 visa 16,135
If you are planning to open resident visas under the company, extra fees for immigration will apply:
– E-channel deposit 5,000 AED
– E-channel registration fee 2,100 AED
– Visa, Medical checkup and Emirates ID 2,800 AED
MULTIPLE PAYMENTS PLAN
AFZ is the only free zone in the UAE which officially offers multiple installments payment option. You can pay for the company by 2, 3 or 6 installments.
There are certain conditions set by Ajman free zone authority to be met. Most important one – the payment should be provided by post-dated checks from a UAE bank. So if you go for 3 installments for Ajman free zone license, you can pay the initial one by cash and provide the remaining payments by 2 checks on the day of application for the company.
If you come from abroad, of course you won’t have any checks from a UAE bank. In this case you can use the checks of a friend or a relative, for example. But AFZ will ask him to sign a no objection letter to use his checkbook. Apart from that, you need to provide past 3 months bank statement as proof of funds.
