Major benefits of Ajman Free Zone Company Setup in UAE

Major benefits of Ajman Free Zone Company Setup in UAE

Ajman Free Zone is located on the Arabian Gulf coast, was developed in the year 1988. It is the tiniest but one of the most developed free zones of the UAE. Ajman Free Zone was well-known and granted independent status by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, the leader of Ajman under Amiri Decree No. 3 of 1996. Ajman Free Zone has a considered location, which offers it the benefits of serving both the western and the eastern markets.

Ajman Free Zone companies provide good access to 4 seaports and 2 international airports, leading to the thriving of business in the county. All the set of laws in Ajman Free Zone are passed and supervised under the management of the Ajman Free Zone Authority (AFZA).

Benefits of Setting Up a Business in Ajman Free Zone Company Setup

1. Commercial Benefits

• Companies in Ajman Free Zone have total exemption from customs duty for goods and services
• Foreign companies have 100% ownership
• Stipulation of 100% repatriation of capital and profits
• No formalities
• Liberal economic policies and legal framework
• Labor cost is low

2. Tax Benefits

• Corporate tax is fully exempted for companies
• Personal income tax is also exempted
• Full exemption even on import-export tax

3. Environmental Benefits

• Ajman Free Zone Authority has set business-friendly laws for companies
• The procedure for establishing a business in Ajman Free Zone is easy and cost-efficient
• The immigration procedure is shortened and fast for workers
• AFZA has offered single window permission for various government services such as licensing, visa services, immigration, etc.

4. Infrastructural Benefits

• Companies have land leasing for 20 years, renewable for another 20 years
• The energy supply is plentiful and cheap
• No extra charges
• Ajman Free Zone has pre-built offices, smart offices, and warehouses to allow companies