Ajman Free Zone (AFZ) is a free zone located in the emirate of Ajman, United Arab Emirates. Here are key features and aspects of Ajman Free Zone:
1. Location:
- Ajman Free Zone is situated in the emirate of Ajman, providing access to both the Arabian Gulf and the Gulf of Oman. Its location enhances connectivity for businesses engaged in import and export activities.
2. Business Focus:
- AFZ accommodates various business activities, including trading, services, light industries, and logistics. It is known for its cost-effective business setup options, making it attractive for small and medium-sized enterprises (SMEs).
3. Licensing Options:
- AFZ provides flexibility in licensing options, allowing businesses to choose the type of license that aligns with their specific activities. The available licenses include trading licenses, professional licenses, and industrial licenses.
4. Infrastructure:
- AFZ offers modern infrastructure, including office spaces and warehouses. The zone is designed to cater to the needs of businesses of different sizes, including startups and SMEs.
5. Cost-Effective Solutions:
- One of the key advantages of AFZ is its cost-effective business setup options. The zone aims to provide affordable solutions for businesses looking to establish a presence in the UAE.
6. 100% Foreign Ownership:
- AFZ allows businesses to have 100% foreign ownership, providing an attractive proposition for international investors and companies.
7. No Personal Income Taxes:
- Individuals and businesses in AFZ benefit from no personal income taxes, creating a favorable tax environment.
8. No Import or Export Duties:
- Companies in AFZ enjoy exemption from import and export duties, contributing to cost savings for businesses involved in trade and manufacturing.
9. Business Support Services:
- AFZ offers a range of support services for businesses, including visa services, assistance with business setup, and access to a network of service providers.
10. Proximity to Ajman Port: – The close proximity to Ajman Port enhances the logistical capabilities of businesses in AFZ, facilitating efficient import and export operations.
11. Flexibility: – AFZ provides flexibility in company structure and shareholding, allowing businesses to choose the setup that aligns with their preferences and requirements.
12. Business Community: – AFZ is home to a diverse business community, including startups, SMEs, and companies from various industries. The free zone fosters networking and collaboration opportunities among its tenants.
Overall, Ajman Free Zone is designed to be a business-friendly environment that caters to the needs of businesses looking for cost-effective solutions and flexibility in licensing options. Its strategic location, affordability, and support services make it an attractive choice for companies seeking to establish a presence in the UAE.
