Set up initially in 1988, Ajman Free Zone (AFZA) received autonomy because of the formation of Ajman Free Zone Authority in 1996. This has brought about a steep development of the zone, with more than 3000 companies operating when you look at the free zone.
AFZA offers various kinds of license. Trading license might end up being taken for example, a couple of products or general trading. Apart from this industrial as well as professional service licenses will be provided. National industrial license is usually possible where no less than 40% manufacturing happens in free zone.
AFZA is devoted to develop the economy through modern facilities and well qualified staff to attract, maintain and empower investors in a profitable manner boosting the investor loyalty.
Located very close to Dubai and Sharjah, it’s got an effective location advantage and proximity to two international airports. Ajman port handles significantly more than 1000 vessels each year and has now emerged as a significant port inside the region. A massive development project regarding the port is under way. It also has a good road network and connectivity with quite a few Middle Eastern countries.
AFZA has the following departments dedicated to meet te ever changing demands coming from client base. These are definitely Administration, Strategic and Finance planning and development, Marketing, Media and PR , Facilities and fixed Organizational, assets Service support and Investor relations.
Advantages in Ajman Free Zone (AFZA):
AFZA offers really good financial incentives toward the investors. A few of them are 100% foreign ownership, 100% repatriation of capital and profits, no income or corporate tax, no hidden costs or no or charges and no red tape. AFZA offers complete exemption form any import or export duty.
The wage structure is among the most economical and AFZA offers effortless access to huge work force. Exceptionally low handling charges are levied and then there are no service charges.
Ajman Free Zone (AFZA) offers top notch infrastructure at the lowest lease prices. The lease may be for two decades and it’s extendable for one more 20 years. AFZA offers surprisingly low tariffs.
Single window clearance is obtainable for immigration, licensing and various other governmental services. Business centre with excellent meeting and conference facilities, banking and postal services are easy to find.
Electronic Office center is created accessible to entrepreneurs to quickly start the company with low set up costs. Executive offices are obtainable with phone and fax, internet and P.O. box. Excellent warehouses can be purchased in flexible sizes, apart from very high worker accommodation. Land can also be leased with min. plot size of 2000 square meters.
Investors can set up any of the four kinds of companies possible, Free Zone Entity, Fee Zone Company, Branch of a different company and branch of a regional company.
The Ajman Free Zone (AFZA) gives the latest technology and the latest infrastructure, with an inconvenience free service and also high degrees of availability and performance. The surroundings friendly policies guarantee that the operational environment, health and safety are accorded equal priority.
Making use of continued growth trends, world business community is promoting a familiarity and confidence in AFZA. The ceaseless start with excellence and sustainability are considered the key lessons learnt.