types of ownership amazing ajman - ajman free zone · ajman free zone was first established in 1988...

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AMAZING AJMAN Amongst the seven Principalities that together constitute the United Arab Emirates, the Emirate of Ajman is one of the most progressive. It is an attractive tourist destination boasting pristine white beaches, prestigious resorts and hotels, cultural heritage sites steeped in history, museums and nature reserves. It also offers a vibrant corniche, bustling with shops and restaurants. Equally attractive is its proposition to businesses. It boasts a population of 500,000 people, which is increasing year on year, thereby offering an ample labour pool. Being located on the Gulf coast it accommodates an ultra modern port - an important maritime focal point that serves over 1,000 ocean-going vessels a year. Additionally, it’s located just a few minutes away, by road, from two major international airports, assuring easy connectivity to the rest of the world. CONNECT WITH AJMAN FREE ZONE CREATING SUCCESS SINCE 1988. TYPES OF OWNERSHIP You can apply for ownership of business under the following categories: BRANCH OF A LOCAL COMPANY Free Zone Companies holding a valid license from any other UAE licensing authority are eligible for this license. BRANCH OF A FOREIGN COMPANY Licenses under this category are issued to companies established outside the UAE. The ownership of the company will be 100% foreign. However, sales can be made through a UAE registered agent or distributor only. The activity may be commercial, industrial or professional/services oriented. FREE ZONE ESTABLISHMENT (FZE) Companies obtaining a license under this category will enjoy the status of an entirely independent corporate entity. FREE ZONE COMPANY (FZC) Corporate individuals forming a company shall be granted a license under this category. Mumbai Indiabulls Finance Center – Tower 2, 14 Floor, 1402 Senapati Bapat Marg, Prabhadevi, Mumbai 400013. India. T: 022-49211555 C: +91 9004056783 E: [email protected] Delhi Himalaya House, 11th Floor, Office No. F-116 23, KG Marg, Connaught Place, New Delhi - 110001, India. T: 011-40195111 C: +91 959 9290 161 E: [email protected] Our offices in India

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Page 1: TYPES OF OWNERSHIP AMAZING AJMAN - Ajman Free Zone · Ajman Free Zone was first established in 1988 under the Ruler of Ajman, H.H. Sheikh Humaid Bin Rashid Al Nuaimi in order to ignite

AMAZING AJMANAmongst the seven Principalities that together constitute the United Arab Emirates, the Emirate

of Ajman is one of the most progressive. It is an attractive tourist destination boasting pristine

white beaches, prestigious resorts and hotels, cultural heritage sites steeped in history, museums

and nature reserves. It also offers a vibrant corniche, bustling with shops and restaurants.

Equally attractive is its proposition to businesses. It boasts a population of 500,000 people,

which is increasing year on year, thereby offering an ample labour pool. Being located on the Gulf

coast it accommodates an ultra modern port - an important maritime focal point that serves

over 1,000 ocean-going vessels a year. Additionally, it’s located just a few minutes away, by

road, from two major international airports, assuring easy connectivity to the rest of the world.

CONNECT WITH AJMAN FREE ZONECREATING SUCCESS SINCE 1988.

TYPES OF OWNERSHIPYou can apply for ownership of business under the following categories:

BRANCH OF A LOCAL COMPANY

Free Zone Companies holding a valid license from any other UAE licensing authority

are eligible for this license.

BRANCH OF A FOREIGN COMPANY

Licenses under this category are issued to companies established outside the UAE.

The ownership of the company will be 100% foreign. However, sales can be made

through a UAE registered agent or distributor only. The activity may be commercial,

industrial or professional/services oriented.

FREE ZONE ESTABLISHMENT (FZE)

Companies obtaining a license under this category will enjoy the status of an entirely independent

corporate entity.

FREE ZONE COMPANY (FZC)

Corporate individuals forming a company shall be granted a license under this category.

MumbaiIndiabulls Finance Center – Tower 2, 14 Floor, 1402Senapati Bapat Marg, Prabhadevi, Mumbai 400013. India.T: 022-49211555 C: +91 9004056783 E: [email protected]

DelhiHimalaya House, 11th Floor, Office No. F-116 23, KG Marg, Connaught Place, New Delhi - 110001, India.T: 011-40195111 C: +91 959 9290 161 E: [email protected]

Our offices in India

Page 2: TYPES OF OWNERSHIP AMAZING AJMAN - Ajman Free Zone · Ajman Free Zone was first established in 1988 under the Ruler of Ajman, H.H. Sheikh Humaid Bin Rashid Al Nuaimi in order to ignite

A LEGACY DATING BACK 30 YEARS, A VISION LOOKING FORWARD INTO THE FUTURE.

Ajman Free Zone was first established in 1988 under

the Ruler of Ajman, H.H. Sheikh Humaid Bin Rashid

Al Nuaimi in order to ignite and fuel the industrial

and commercial growth of the Emirate of Ajman.

During the past few years the Free Zone has enjoyed

a four-fold increase in the number of businesses

establishing their operations here.

This is largely down to our strategic location that

provides easy accessibility to Sharjah and Dubai

international airports, and four sea ports, including

the rapidly developing Ajman Port which offers

world-class facilities. Recognised as a major

maritime focal point, it boasts 5,200 meters of quay

length and accommodates 12 multi-purpose berths,

connecting by regular daily feeder service links with

regional hub ports.

Our objective is to realize an ambitious development

plan in line with our vision of evolving into a futuristic

hub offering distinct advantages that others don’t. By

working with a variety of stakeholders, we are able

to accommodate the growth plans of both global

and regional companies representing the expanding

sectors of education, information technology (IT),

food & beverage, health and retail, as well as other

industries, all keen to take advantage of the easy

accessibility to both eastern and western markets.

IDEAL SPACE TO ACCOMMODATE YOUR BUSINESS.BUSINESS CENTRE

Our Business Centre offers a practical shared co-working space,

available in a variety of sizes. Entrepreneurs and start-up companies

can become established within a pleasant business-like environment

without incurring high overhead costs, and as they grow, they can

be accommodated with more space.

FREELANCER & PIONEERS HUB

Flexible co-working space is offered for undergraduates, graduates

and entrepreneurs who require the freedom to progress their

businesses without being locked in to operational overheads.

OFFICES

We offer fully furnished and serviced offices with desk spaces ideal

for fledgling-companies, emerging entrepreneurs and companies

that wish to establish their operations, and progress without taxing

overheads. We also offer a wide range of customizable offices,

tailor-made to fit whatever the requirement may be.

WAREHOUSING

Based on your requirement, pre- built warehouses starting from 100

sq.mtrs. are available in a specially designated area, fit for purpose

infrastructure that offer easy access to the port.

LAND

Land area is given on a lease of 20+ years to those investors wishing

to build their own facility to suit their individual requirements.

ONSITE ACCOMMODATION

Our onsite accommodation is spread over a provision of buildings

with comfortable room spacing. The range of facilities include a

24/7 security service, centralized air conditioning, lavatory and

laundry services, prayer accommodation areas, restaurants and

eateries with an outdoor seating area. and parking facilities for

cars and bikes.

LOCATIONAL ADVANTAGESn Two international airports, each less than 25 minutes away from Ajman Free Zone, guaranteeing easy connectivity to the global air transport network

n Adjacent to Ajman Port, thereby ensuring easy movement of goods by sea

n Well connected to an international road network from Ajman to neighbouring countries

WHY AJMAN FREE ZONEn Convenient accessibility to the adjacent port and nearby airports

n Simplified and digitized setup procedures

n Dedicated digital gateway for all services

n Value-added packages for all type of businesses

n Range of business support services

n Developed infrastructure and flexible accommodation to suit requirements

TRADING LICENSEForeign, local UAE companies and Free Zone

entities wanting to set up a business to carry

out trading activities are eligible to apply for

this license.

FREELANCER LICENSEFreelancers representing over 40

categories can apply for this license,

which is the most cost effective in all the

Emirates. Renewal rates are also highly

competitive, thereby ensuring that your

business can prosper efficiently, and

stands the best possible chance of

success.

INDUSTRIAL LICENSE

Foreign, local UAE companies and Free Zone

entities wanting to set up manufacturing

facilities within the Free Zone will be provided

with an industrial license.

SERVICES LICENSE

Foreign, local UAE companies and Free Zone

entities wanting to set up a business of

providing service activities will be offered this

license.

SIMPLIFYING BUSINESS, AMPLIFYING SUCCESS USING OUR DIGITAL GATEWAY.

Our dedicated proposition of Simplifying Business, Amplifying Success begins right from the

start, with our online registration process, which requires minimum documentation and is quick

and easy to use.

It is part of our dedicated digital gateway and an enhanced customer portal that offers access

to all our services from anywhere in the world. Added to that, is our range of packages, after-

sales and support services, such as AFZ+, AFZ Connect (our B2B Platform) and more, all making

AFZ the One-Stop-Shop for any business needs.

THE LICENSE TO DO BUSINESS

PIONEERS LICENSE The Pioneers License has been created

to empower the youth and enable

professional independence. It is available

to those aged between 20 and 30,

making it ideal for under-graduates,

post-graduates, young entrepreneurs

and start-up companies. It also

offers the option to pay in quarterly

installments, thereby assisting with

outlay costs and supporting cash flow.

OUR MISSIONContribute to the growth of the Emirate of Ajman’s economy through excellence in providing the best new and innovative services and smart solutions, providing advanced infrastructure, building strategic partnerships with public and private sectors, and developing appropriate legislation that supports investors in conducting their businesses with ease.

OUR VISIONTo become a leading global center for attracting foreign investment to the Emirate of Ajman, and the biggest contributor in achieving prosperity and happiness for its residents by the year 2030.

BUSINESS ADVANTAGES n 100% foreign ownership

n Quick online formation

n 100% outward funds transfer to onshore/AIBC accounts

n No tax for corporates and individuals

n No tax on imports and exports

n Hassle-free transactions

n Skilled and low-wage manpower