Ajman Freezone
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Introduction
Ajman Free Zone is a free trade zone located in the Emirate of Ajman, one of the seven emirates that make up the United Arab Emirates (UAE). It was established in 1988 and has since become a popular destination for foreign investors looking to set up their businesses in the UAE.
The Ajman Free Zone offers a wide range of business setup solutions, including office space, warehouses, and land for industrial and commercial use. It also provides various licensing options for companies operating in sectors such as trading, manufacturing, services, and more. Additionally, the free zone provides numerous benefits to its investors, including 100% foreign ownership, 100% repatriation of profits, zero personal and corporate income tax, and no restrictions on currency exchange.
Overall, Ajman Free Zone is a well-established and reputable free zone in the UAE, offering numerous advantages and benefits to businesses looking to set up or expand their operations in the region.
Benefits of set up a company in Ajman Freezone:
100% foreign ownership: One of the biggest advantages of Ajman Free Zone is that it allows 100% foreign ownership of companies. This means that investors can fully own and control their businesses without the need for a local sponsor or partner.
Tax exemption: Companies operating in Ajman Free Zone are exempt from corporate and personal income tax, making it an attractive destination for foreign investors.
Repatriation of profits: Investors are allowed to repatriate 100% of their profits and capital back to their home country, without any restrictions.
Strategic location: Ajman Free Zone is located close to major ports and airports, making it an ideal location for businesses involved in import and export activities.
Infrastructure: The free zone has modern infrastructure and world-class facilities, including office spaces, warehouses, and land for industrial and commercial use.
Fast and efficient business setup: Setting up a business in Ajman Free Zone is a quick and straightforward process, with minimal paperwork and fast turnaround times.
Access to a skilled workforce: The free zone has a diverse and skilled workforce, with many professionals from various industries and sectors.
Frequently Asked Questions
What is Ajman Free Zone? Ajman Free Zone is a free trade zone located in the Emirate of Ajman, UAE, which offers a wide range of business setup solutions, including office space, warehouses, and land for industrial and commercial use.
What are the benefits of setting up a business in Ajman Free Zone? The benefits of setting up a business in Ajman Free Zone include 100% foreign ownership, tax exemption, repatriation of profits, strategic location, modern infrastructure, fast and efficient business setup, and access to a skilled workforce.
What types of companies can be set up in Ajman Free Zone? Companies operating in sectors such as trading, manufacturing, services, and more can be set up in Ajman Free Zone.
What is the process of setting up a business in Ajman Free Zone? The process of setting up a business in Ajman Free Zone involves selecting a business activity, choosing a legal form, obtaining a trade name and initial approval, obtaining a license, and obtaining visas for employees.
How long does it take to set up a business in Ajman Free Zone? The timeframe for setting up a business in Ajman Free Zone can vary depending on the type of business and the requirements, but it typically takes 1-2 weeks to complete the process.
Can a business in Ajman Free Zone operate outside of the free zone? Yes, businesses in Ajman Free Zone can operate outside of the free zone, but they will need to follow the relevant regulations and obtain the necessary approvals and licenses.
What is the cost of setting up a business in Ajman Free Zone? The cost of setting up a business in Ajman Free Zone can vary depending on the type of business and the requirements, but it typically involves a registration fee, license fee, visa fee, and other charges for facilities and services.
Does Ajman Free Zone provide any support or services to businesses? Yes, Ajman Free Zone provides various support and services to businesses, including company formation services, legal and accounting services, marketing and advertising services, and more.
