Do you want to establish a business in one of the UAE’s free zones? An entrepreneur needs to be well-versed in their own business setup. Despite the fact that each of these free zones has unrivaled advantages, such 100% ownership, full profit and capital repatriation, 100% export and import exemption, and exemption from corporate and personal taxes, etc.
Each free zone differs from the others due to specific criteria and advantages. Ajman Free Zone is one such free zone. About 256 industrial enterprises, or 20% of all industrial firms in the UAE, are currently registered in AFZ.
The Ajman Free Zone (AFZ) is the UAE’s oldest free zone, having opened for business in 1998. Due to its unparalleled investment rights, which have drawn in foreign investors from all over the world, it has been instrumental in the industrial growth of the United Arab Emirates. The Ajman Free Zone (AFZ) is the sole free zone that provides the chance to take advantage of the advantages of Ajman Port, which has grown to be a major maritime hub that serves more than 1000 commercial boats annually.
Ajman’s status as a key commerce and tourism hub in the Middle East has also been accentuated by the extensive renovation of the Ajman International Airport. You can also become a privileged investor or business owner in AFZ with Business Setup Consultants (BSC) to uncover all the unique facilities and benefits offered by this remarkable free zone.
Crucial Steps for a Business Setup in the Free Zone of Ajman
In the Ajman Free Zone, establishing a business is comparatively simpler and just requires a few easy procedures. To help you through the process of starting a business, we have compiled all the information you need below.
First things first, make sure you have all the required licenses and paperwork. You must turn in all of the paperwork to the free zone authority in order to accomplish this. Following your initial approval, you can apply for registration and proceed with the visa processing. The specifics of each of these actions are provided below.
You must first choose the type of legal entity you wish to create. Free Zone Limited Liability Company (FZ LLC) and Free Zone Establishment (FZE) are the two company forms that can be established in an AFZ. The number of shareholders is where FZE & FZ LLC diverge.
In order to obtain a license from AFZ, you must choose a company name and the type of business, as office space and licenses are distributed based on the type of business activity.
Unlike other free zones that require a local sponsor, AFZ does not have that requirement, and you are still able to retain sole ownership of your company.
In What Way Can Unicorn Global Solutions Assist?
One of the top advisory firms in the United Arab Emirates, Unicorn Global Solutions can assist you with obtaining a license and establishing your company in the Ajman Free Zone. Our team of experts is constantly alert to provide you with timely advice. Give us a moment to discuss the most straightforward and practical option for your company to open for business in the United Arab Emirates.Text us on WhatsApp or call us today.
