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