Ajman Free Zone Company Formation

Like any other city in the United Arab Emirates, Ajman has a free trade zone as well to attract foreign investment and contribute to the betterment of its economy. The free trade zone in Ajman called the Ajman Free Zone Authority (AFZA), is strategically located right at the entrance of the Arabian Gulf. The grounds of the Ajman Free Zone were laid back in 1998 and hold a separate identity, which was granted by the ruler of Ajman. AFZA was granted the Amiri decree no 3 of the year 1996 and since then, it has been assigned the only regulatory agency of the Emirate’s free zone.

The strategic positioning of the Ajman Free Zone benefits well to both the western and eastern markets in the business establishment. The port of Ajman hosts 1000 vessels annually and at the time being, the port is known to be an important center of maritime activities. The location of AFZA is half an hour outside of Dubai and 10 minutes away from Sharjah, which makes doing business in AFZA a better opportunity as the accessibility to two international airports and four ports are made even more effortless. Like any other free zone in any city of the UAE, Ajman Free Zone was established with the main objective of attracting foreign investment in the Emirate to set up trade and industry businesses, which in turn helps in boosting the economy. AFZA, compared to other free zones in the UAE, provides entrepreneurs with cost-effective benefits. The prices set in Ajman Free Zone are as good as the others combined with excellent infrastructure, which is benefits on the top with no service charges or hidden fees.

Benefits of Company Formation in Ajman Free Zone

  • Ajman Free Zone company setup is only downtown free zone in UAE
  • 100% foreign ownership and complete repatriation of capital and profits for businesses
  • Access to major sea and airports of the country due to its proximity to Dubai and Sharjah
  • 100% exemption from income tax, personal corporate tax, and import & export duties
  • Provide robust infrastructure including strong connectivity through a federal network of highways
  • Offers lease period up to 20 years and renewable to 20 more years
  • Fast-track license processing for company formation
  • Smart offices for startups with state-of-the-art communication facilities
  • Land for large industries at reasonable rates
  • Availability of uninterrupted energy and skilled workforce

Types Of Business Set Up Allowed In AFZA

The number of businesses allowed in the Ajman Free Zone is 4, which are as follows:

  • Ajman Free Zone Entity
  • Ajman Free Zone Company
  • Branch of a Foreign Company
  • Branch of a Local Company

Ajman Free Zone Licenses

Entrepreneurs landing from a foreign land in Ajman Free Zone to establish companies are allowed to obtain five types of licenses in the region, which are:

Trading Licenses: Business owners who opt to conduct trading activities in AFZA are required to obtain a trading license. One trading license can permit up to three business activities to be carried out in a business. The trading business could be anything, like the garments trading business.

E-commerce Licenses: Online companies or businesses involved with trading through electronic means are required to obtain an e-commerce license in Ajman Free Zone. The e-commerce license will also provide marketing and technical support to the business owners.

Professional services licenses: Local companies or even international companies that are involved in business activities related to providing professional services are required to obtain professional services licenses in Ajman Free Zone. Professional services could include management consultancy, IT consultancy, marketing, and various other services.

Industrial Licenses: Industrial licenses are issued to the local UAE or international businesses that opt for manufacturing activities in AFZA, given they comply with the manufacturing policies and environmental standards set by the government of Ajman. The authority of the Ajman Free Zone provides the facility of warehouses and smart stores to bring ease into conducting this activity. These facilities are provided to make sure that all the requirements of a manufacturing company business owner can be taken advantage of under one roof.

National Industrial Licenses: National Industrial Licenses are issued to those companies in AFZA that match the following criteria:

  • The company is registered with a GCC national or the GCC national holds the majority of the company’s shares of 51% or more.
  • At least 405 of the process of manufacturing is conducted by the company in the Free Zone.
  • Companies holding a national industrial license are entitled to duty-free exports to the member states of the Arab Gulf Cooperation Council.

Offshore Licenses: Businesses that opt to set up an enterprise without a local or physical appearance are required to obtain an offshore license.

Facilities In Ajman Free Zone

Ajman Free Zone facilitates business investors setting up a business in the free zone with world-class infrastructure and equipment, which is a part of their business setup agreement. Some of these facilities are as follows:

Smart offices: For entrepreneurs and startups, smart offices are well-suited as a creative investment. The smart office packages allow the costs to be kept low and it offers two employment visas to support and facilitate proactive business operations.

Executive Offices: The location of the executive offices is a strategic one in the Ajman Free Zone. The executive office package offers up to five employment visas. As well as business activities can start right off in an executive office package. The facilities in executive offices are excellent with easy parking and high security.

Warehouses: Ajman Free Zone greatly emphasizes on meeting the invertor’s requirements by providing and designing high-quality warehouses, with all the specifications and facilities. Rented warehouses start from 100 square meters.

Lands: Trade zones are more suited to industrial investment as these are areas for investment, prepared upon on-point research according to the needs of the investors.

Registering a Company in Ajman Free Zone

Basic requirements of Ajman Free Zone:

  • It is required to apply for and receive a trade license to conduct business activities
  • Physical office space is required inside the free zone, regardless of its size. The office space can be rented in an Ajman Free Zone nominated eligible building. There are various options for an office, such as desk spaces, warehouses, or small offices.
  • There is no requirement of appointing a resident manager or a director. As well as there is no requirement for the business owner to be a resident of the United Arab Emirates.

Decision points in Ajman Free Zone:

  • It is required to decide on a precise business activity before applying for an operating license
  • A decision needs to be taken on how many visas are required
  • It is also required to determine the size of the office. Which in turn determines the number of visas the business owner is eligible for. Two visas are provided for the smallest office size. However, in need of more than 2 visas, the office space needs to be bigger.

Other requirements of registration in AFZA

  • A single shareholder company is required to have a suffix of FZE
  • Multiple shareholder company is required to have a suffix of FZC
  • Branches of foreign businesses and local mainland businesses, as well as partly or fully-owned subsidiaries, are allowed
  • The minimum share capital is $50,000, which is required to be shown in the bank account at the time the company is registered

Documents Required for Ajman Free Zone Company Formation

There are various types of documents required for the formation of any of the above-mentioned business structures in the Ajman Free Zone. The following are important documents required for the formation of a business entity in AFZ.

  • Three proposed names (for FZE and FZC)
  • Passport copy of applicant/manager (minimum 6 months validity)
  • NOC (no objection certificate) from sponsor (if an applicant has a valid residence in UAE)
  • Entry stamp/visa copy (if the applicant is on a visit visa)
  • 6 or 8 passport-sized photographs (colored) with white background
  • A small business plan (in the case of a professional or e-commerce license)
  • Certificate of incorporation of the parent company (in case of a branch of a foreign company)
  • Trade license copy (for a branch of a local company)

How to form single-owner companies in AFZA?

  • The business owner’s passport copy is all that is needed to start the process of establishing a company
  • To obtain a service or consulting license, submitting a business plan is required of the business owner. This must include finances, products, markets, and special services if there are any
  • To obtain an industrial license, it is required to provide a detailed process description along with safety and environmental data
  • The business owner or the manager or director of the company must make sure beforehand if the desired activity is permitted can be added to the obtained license or if there is a need for special approvals
  • An application for approval of the name of the business is required to be filled out and submitted to the relevant authorities
  • It is also required to hire a legal manager for the business during the process of registration
  • Once the name of the business is approved and acquired, the initial approval will be granted
  • It is also required of the legal manager and owner of the business to visit AFZA once to sign all the documents, along with passport-sized photographs and passports
  • At the time of registration, it is also required to clear all the payments of all the costs
  • Once all of that is done, the legal documents of the company are made and handed over to the business owners the next day

How do form corporate owner companies in AFZA?

In the case of the company being established in the Ajman Free Zone is foreign, then the following papers are required to be submitted:

  • Certificate of Incorporation of the parent company
  • Memorandum and Article of Association
  • A board resolution or a shareholder to establish the new company
  • Power of Attorney addressed to the person authorized by the parent company to undertake the company registration in AFZA
  • The documents must be attested by the UAE consulate in the home country of that company

Multiple Payments Plan in AFZA

Ajman Free Zone is known to be the only free zone operating in the United Arab Emirates that offers the option of multiple installments payment. The payment to the company can be made in 2, 3, or even 6 installments. However, there are certain conditions in the AFZA that are required to be met to pay for the company in installments. Amongst these, the first and the most important one is that the payments must be given by post-dated checks from a bank in the United Arab Emirates. So, if the installments for an Ajman Free Zone company license are made in 3 steps, the initial one can be paid in cash while the rest of the 2 payments can be provided in checks on the registration day.

Although, in the case of foreign investors who do not have a UAE bank account, the investors can use a local relative or a friend’s check. However, Ajman Free Zone requires a NOC from a local friend or relative to use his or her checkbook. Other than that, it is also required to provide the bank statement for the past 3 months as proof of funds.

 

Submit a Review

 

Reviews

Company in Ajman

Rated 5 out of 5
July 30, 2021

Riz Nd Mona is a comfortable option to go with for the high standard of work, timing, cost-effectiveness & reliability. Nirmala has been a great help. She has stood by us when it was required. Our objective to establish our company is achieved through this agency and yes we are totally recommending them, best experience.

Floyed Pearson

101% SATISFIED

Rated 5 out of 5
July 19, 2021

SWIFT AND PROFESSIONAL. They can be very useful for you business plans. good day.

Bettye G.

Value For Money

Rated 5 out of 5
July 13, 2021

Great consultanty to provide the greatest value to your money. Have been engaged with them for sometime and I am happy by their response. RizMona firm met all my requirements. I am never leaving them as a client.

Kim L.

good job

Rated 5 out of 5
July 2, 2021

right advise for your business and investments

uzair hammad

Quality Work

Rated 5 out of 5
June 29, 2021

Easily RANKING#1 services in the UAE.
KIND STAFF.
Very good quality work.

Pamela Y.

Best Conslutancy

Rated 5 out of 5
June 25, 2021

For many months me and by partner struggled for professional piece of advice for company formation in Ajman economical zone. We were unaware of business regulations and requirements needed for this task. We had a gigantic amount of questions in our heads regarding VAT registration, acc keeping, trademark, types of Licenses and so on but sadly no where to go. We were stuck with all the investment we had, but things started going in the right way when an old associate of ours told us about RIZMONA. This firm was all what we desired. Consultants were highly professional and did not shy away from answering all our “never ending questions”.
We got what we needed and we are nothing but truly greatful to them.

Pablo Modinos

ASSISTANCE

Rated 5 out of 5
June 24, 2021

provides best assistance to investors who want take a start in AJMAN FREE ZONE.
RECOMMENDED

Jibu Varghese

Successful

Rated 5 out of 5
June 23, 2021

riz & mona consultancy is the reason of our successful company launch in ajman fz, and we feel it is just the begining of good business relation with this agency.

jency JR

Excellent

Rated 5 out of 5
June 21, 2021

Excellent experience with rizmona and we owe it one person; Mr Azeem. His way of communication was outstanding from the very begining. We had other offers from firms but we declined to work this rizmona business consultancy because the feel like home.
Rizmona is the right place to be if one is looking forward to take a start in ajman free zone.

Jesse S. boltz

easy

Rated 5 out of 5
June 15, 2021

streamlined procedure, thanks

hubaid

very smooth

Rated 5 out of 5
June 10, 2021

if you are going for any business activity in ajman then yuo better not waste and get in touch with this firm.

Thomas M.

BRAVE

Rated 5 out of 5
June 7, 2021

Their team reflect positivity, courage and bravery to stop their clients if they are goin on the wrong path with their business plans.

hannan raza

Startup in Ajman

Rated 5 out of 5
June 3, 2021

RIZMONA is the best agency for any startup in Ajman Free Zone. consultants are sharp and well informed.
best services..
complete knowledge of the process, rules and requirments….
alway there to assist.

DISHA

good

Rated 5 out of 5
June 1, 2021

Enjoyable experience

EBIN GEORGE

Did Great!

Rated 5 out of 5
May 24, 2021

Business experts were fully qualified and very well abled to match my mental level of seeing things, would like to mention Miss Nirmala as she has been polite and perfect. No regrets this far.

Thomas M. Cherry

Wonderful

Rated 5 out of 5
May 20, 2021

Riz & Mona business agency are my personal decision makers. I can always count on them for my business in Ajman Free Zone.

James Joyner

Top Consultancy

Rated 5 out of 5
May 5, 2021

RizMona helped me clear trading license for me to operate in AJMAN.

Luca Handit

Recommended

Rated 5 out of 5
April 28, 2021

I loved their framework. It was all great working with Rizmona

Curtis L.

Free!

Rated 5 out of 5
April 22, 2021

Without a single penny being spent, I got to know tons of things by such expert advisors.

Cody M.

Quality Stuff

Rated 5 out of 5
April 18, 2021

I am more than satisfied by their work and knowledge. Their team has this accountable attitude towards their clients which I really liked.

Nawfal Nader

Business Startup in AFZA

Rated 5 out of 5
April 15, 2021

I am nothing but happy that I chose Riz & Mona business consultants for my startup in Ajman Free Zone.

David Werfel

Thankyou RizMona

Rated 5 out of 5
April 13, 2021

This firm helped me setup Smart Office in Ajman Free Zone.

Karl Mosses

Job Well Done

Rated 5 out of 5
April 13, 2021

The thing I loved the most about their consultants is that they choose the most fitting solution to an issue considering the upsides and downsides of it circumspectly.

Drake Bader

Engaging Environment

Rated 5 out of 5
April 12, 2021

I went with the Free Consultancy.

Jimmy Powell

FAST!

Rated 5 out of 5
April 7, 2021

These people are as fast as a bolt of lightning. I am amazed and pleased at the same time.

Ollie Brown

Riz & Mona Conslutancy

Rated 5 out of 5
April 4, 2021

I had a great time working with them. Their consultants are all very polite and always radiate positive energy.

Robert K. Millet

Offshore License (AFZA)

Rated 5 out of 5
April 4, 2021

RizMona is a big-picture thinking firm. Their solutions are always long-term.

Betty Taylor

Professionalism on its Peak!

Rated 5 out of 5
March 30, 2021

Thanks to RIZ & MONA Consultancy now I am a proud owner of Single-Owner company in AFZA. The dedication they put in their projects is matchless.

Rodger Gomez

Company Formation in AFZA

Rated 5 out of 5
March 8, 2021

So far so good. They provided us very good consultation and cleared all over queries. Work deliverance was on time and NO HIDDEN CHARGES. 100% Satisfaction.

Suhail Qureshi

Flawless Services

Rated 5 out of 5
February 25, 2021

Recommended for Business Setup Services in the UAE. They are truly experts, which made our things easier.

Richard S.

Best Business Services in UAE

Rated 5 out of 5
February 24, 2021

Thanks to your entire team for all the assistance in my Business Setup in Ajman.

Patrick Gibson

Expert Consultants

Rated 5 out of 5
February 21, 2021

They handled each and every thing for our business very professionally. If you need a hassle free business setup in a timely manner then Rizmona is the right choice.

Lee Peng

Ajman Company Formation

Rated 5 out of 5
February 16, 2021

My colleague recommended them. I took a free consultation. They answered all my questions in a very professional manner. So after the first impression I took their service and they delivered within the timeframe. Good People!

Keith M. Sanchez

Top Business Consultants in UAE!

Rated 5 out of 5
February 11, 2021

Riz & Mona Business Consultancy is one stop shop for businesses in UAE. Their years of experience makes them the real professionals. I always recommend them to all the startups and businesses in Dubai and across UAE.

Sufyan Bitar

Good Team Work

Rated 5 out of 5
February 2, 2021

All the team was very consistent about helping me through everything. Thank you for all the help and clearing every doubt.

Loyal Daviau

AFZA Business Setup

Rated 5 out of 5
February 1, 2021

They know how to make sure that clients are satisfied. I am truly impressed.

Jalil Munsif

Top-Notch Service

Rated 5 out of 5
January 21, 2021

Thanks for your very fast response and action!

Joshua M. Kirsch

Company Setup in Ajman

Rated 5 out of 5
January 13, 2021

I’d be lost without their help. They impressed me on multiple levels. It fits our needs perfectly.

Jonathan Cameron

Hassle-free

Rated 5 out of 5
January 6, 2021

You really helped our business. Thanks to your experts.

Rodny Stil

Value for money

Rated 5 out of 5
January 4, 2021

I would also like to say thank you to all your staff. Awesome work.

Muhannad Kamil Sarkis

Ajman Free Zone Company Formation

Rated 5 out of 5
December 23, 2020

It’s really wonderful. Great job. Just what I was looking for.

Vincent D. Lowe

Wow

Rated 5 out of 5
December 21, 2020

Great work guys, This is simply unbelievable!

Steven T. Bailey

What a great value

Rated 5 out of 5
December 1, 2020

Nice work. your firm is great. thanks.

Guy R.

Awesome Customer Service

Rated 5 out of 5
November 19, 2020

Just what I was looking for, very professional and skillful team. Truly satisfied!

Safwan Waleed

Ajman Free Zone Company

Rated 5 out of 5
November 4, 2020

Your company fits our needs perfectly. We are very pleased with your work. Thank You!

Colby T

Experienced Team

Rated 5 out of 5
October 21, 2020

Needless to say I am extremely satisfied. Thank You for the outstanding service.

Douglas Black

Business Setup

Rated 5 out of 5
October 17, 2020

Your services are great, It saved my time and effort. Thanks to your firm.

Ethan Summers

Just Amazing

Rated 5 out of 5
October 13, 2020

Great job, Thanks alot. It’s exactly what I’ve been looking for.

Hakim Madani

Good Service

Rated 5 out of 5
October 7, 2020

I would also like to say thank you to all your staff. Absolutely wonderful! keep up the excellent work.

Ellis Watts

Quick Service

Rated 5 out of 5
October 1, 2020

By taking your services I saved my time and effort. It was my best experience. Thanks alot.

Jeffrey T.