How To Start Freezone Company Setup In Ajman?

Strategically situated at the entrance of the Arabian Gulf, Ajman Free Zone is well placed to serve Eastern and Western markets. Ajman’s proximity to Sharjah and Dubai provides easy accessibility to the two international airports and four ports. The Free Zone is home to over 1400 companies approximately.

FEATURES

• Economical wage structure and easy access to vast workforce
• Total elimination of all service charges and hidden fees
• Lease period up to 20 years
• Types of company activities include manufacturing, processing, assembling, packaging, import/export, distribution, storage services.

AJMAN OFFSHORE
The Ajman Free Zone Authorities (AFZA) introduced offshore company regulations during Ramadan in 2014. Ajman Offshore is regulated by Ajman Free Zone Offshore Companies Regulations of 2014. Ajman Offshore has some similarities with the offshore companies from other jurisdictions, including JAFZA and RAKFTZ. AFZA offers the flexibility to the investor of not being required to visit the free zone, as long as they sign the incorporation documents in the office of the locally licensed registered agent.

Registration of the offshore company can be carried out solely by an agent licensed to act as the registered agent. The regulations prescribe that the incorporation of the International Company shall be registered through a registered agent. The firms of accountants and lawyers approved and licensed for that purpose by AFZA are permitted to provide services to clients for registering offshore companies, registered office and for acting as the agents for the companies.

SALIENT FEATURES OF THE INTERNATIONAL COMPANIES:

• Companies will have a limited liability status
• Minimum capital requirement of AED 10,000
• Requirement to have an approved registered agent either within the Free Zone or in the Emirate of Dubai
• Requirement to appoint shareholder, Directors, Manager and Secretary
• Bearer shares are not permitted
• No personal or corporate income tax

INTERNATIONAL COMPANIES ARE NOT ALLOWED TO :

• Carry on business with persons resident in the UAE
• Carry on a banking business
  Carry on business as insurance / re-insurance company, insurance agents / brokers
• Carry on any other business which may, by regulations, be prohibited by the authorities.

INTERNATIONAL COMPANIES ARE ALLOWED TO:

• Have contacts with legal consultants, lawyers, accountants and auditors
• Have a bank account in the UAE
• ecome shareholders in a new or existing Free Zone Entities or an LLC
• Hold shareholders and directors meeting within theUAE
• Carry out International Trading and consultancy.
• ct as a holding company for investments in companies and properties (Subject to the respective local laws of each Emirate, City and Country)