Ajman, one of the seven emirates of the UAE with a total area of 324 km2 including territorial waters of the Arabian Gulf. This emirate is home to one of the UAE’s most preferred trade and investment zones: Ajman Free Zone (AFZ).
Established in 1988, Ajman Free Zone is a free trade zone in Ajman that has been attracting a great number of companies to benefit from the investment privileges it offers. This actually is part of following up with the directives of strengthening industry, trade and the financial sector in Ajman and the UAE.
Ajman Free Zone aims at encouraging investing capitals, and work to provide the appropriate climate for investment. It also contributes in drawing up the general policies, providing information, preparing studies, executing projects, organizing expositions and conferences in addition to other constructive activities.
Ajman Free Zone (AFZ) provides competitive privileges and facilities allowing companies to get a considerable return on their investment. According to AFZ, advantages of investing in this free trade zone include:
*100% ownership of establishment/company
*100% foreign ownership
*Easy transfer of capital and profits
*Exemption from personal income tax
*Exemption from import and export duties
*Exemption from other taxes
*Competitive prices on facility usage
*Competitive prices for power/electricity
*Competitive prices on leasing
*Easy access to low cost labour
*One-stop counter service for effecting transactions (Residency, visas…etc.)
*Fast and easy procedures and in most cases get the license within 24 hours
For further information, click here to visit the website.
Ajman Free Zone (AFZ)
Address: Ajman Free Zone, Shk.Rashid Bin Saeed Al Maktom Street, Ajman, United Arab Emirates
Phone:+971 6 7011555
Fax: +971 6 7429222