Free Zone Business Setup in Ajman Free Zone Authority (AFZA)
The Emirate of Ajman is located on the western coast of the UAE. Ajman is the smallest emirate in the UAE with a long history as a fishing and trade hub, with pearl diving and shipbuilding as popular local industries. Today’s Ajman maintains a connection to its roots through an active fishing industry and a modern port that receives over 1000 vessels a year across its twelve births.
Ajman’s ability to attract large industries is key to its modern development. The creation of Ajman’s free zone, Ajman Free Zone Authority (AFZA), was an essential part in modernizing the emirate’s economy. Founded in 1988, AFZA is a well-established location for company formation in UAE.
AFZA has been influential in attracting international company formation within the free zone. Despite being the smallest emirate in the UAE, Ajman is home to over 20% of all industrial spaces in the country, and over 250 industrial companies have chosen AFZA for free zone business setup. Products from Ajman are exported to over 65 countries throughout the world with AFZA companies enjoying direct access to markets across the MENA region and beyond.
Top Industries in AFZA
- Textiles, Garments, and Leather
- Food, Beverages, and Tobacco
- Timber, Wood Products, and Furniture
- Paper, Paper Products, Printing, and Publishing
- Chemicals and Plastic Products
- Non-Metal Mineral Products
- Basic Metal Industries
- Metal Products, Machinery, and Equipment
AFZA is a popular location for free zone business setup in the UAE due to the many benefits it offers to registered companies. All businesses operating within the free zone can choose 100% foreign ownership and enjoy 0% corporation and income tax. Companies also see significant savings thanks to some of the lowest utilities rates in the UAE and competitive real estate prices.
License and Leasing Options
AFZA has trade and service licenses available for many traditional sectors, including general trading, and industrial licenses for manufacturing. With e-commerce ready to launch in the UAE, AFZA’s e-commerce license offers online businesses seeking free zone company formation an effective solution. The free zone’s unique national industrial license exempts companies from customs fees on exports from GCC countries, but does require 51% of company shares be held by a GCC national and 40% of manufacturing must occur within AFZA. Company formation in AFZA guarantees complete exemption from all import and export duties within the free zone. For leasing options, AFZA has a selection of shell-and-core and fitted offices (including smart offices), executive offices, warehouses, land, and a business centre.
Ajman’s location provides direct connections to Dubai and Sharjah International Airports. Thanks to Ajman’s modern infrastructure, AFZA companies have easy access to the UAE’s multiple seaports.
Ajman offers wider financial benefits to free zone company formation in AFZA. The emirate is rich in raw materials, has some of the lowest rental rates for business and residential units, and a generally far lower cost of living compared with the country’s more well-known emirates.