Ajman Company Formation

Ajman Company Formation Packages

Arranging for Ajman Offshore Company Formation via Registered Agents | Arranging for Ajman Free Zone Company Formation via Registered Agents

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Ajman Free Zone Authority (AFZA) Free Zone Company Formation

Introduction – Free Zone Focus

Ajman Free Zone Authority (AFZA) was launched in 1988 and was granted independent status by H.H. Sheikh Humaid Bin Rashid Al Nuami, Ruler of Ajman.

The creation of AFZA has boosted industrial activities in the emirate of Ajman, resulting in thousands of companies presently being housed in the free zone.

AFZA’s strategic location at the doorway to the Arabian Gulf means easy access to both western and eastern markets. Ajman is easily accessible from two international airports and four seaports. The international airports are within 30 minutes’ drive from AFZA. AFZA is located next to Ajman Port, which serves over 1000 ships per year. Highways connect AFZA to other emirates. Sharjah is adjacent to Ajman and Dubai is only 12 km away.

To see  AFZA’s Interactive Presentation, Corporate Video, Brochure, Google Map and useful Application Forms follow this link

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Competitive Advantages: Why Ajman Free Zone?

• 100% foreign ownership
• Zero corporate tax
• Zero income tax
• Zero tax on imports and exports
• Strategically located
• World-class facilities and services
• Fast-track company setups
• Streamlined, simple transactions
• Trade licenses issued in one day
• Energy efficiencies
• Skilled and low wage labour
• 24/7 client accessibility to facilities
• 24/7 security

Ajman Free Zone Authority Contact Details

P O Box 932
Shk Rashid Bin SaeedAl Maktom Street (opposite Ajman Port)
Al Bustan
Ajman
United Arab Emirates
Tel: 00971 67011555
Fax: 00971 67429222
Website: www.afza.gov.ae

Working Hours
Sunday to Thursday, 7.30 am till 2.30 pm

Key People

Sheikh Ahmed Bin Humaid Al Nuami
Chairman

Ajman Free Zone Company Registration Process

Procedure for Applying for Company Registration and Business Licenses:

• The client fills in the application form and submits it to AFZA, together with the necessary documents (see below list of documents required).
• The application form is registered at the registration office and the submission date noted on the application.
• Applications are processed on the same day of submission.
• The client is notified of AFZA’s decision on the same day.
• AFZA notifies the client if the application has been approved or not. Once all requirements have been met and fees settled, the business license is issued.
• If AFZA rejects the application, the applicant is notified in writing of the reasons for rejection within 15 days of notification of the rejection.
• AFZA reviews any opposition and issues its final decision within 30 days from the date of submission of the opposition.

Documents Required with the Application Form:

Free Zone Establishment (FZE)

1. Passport copy – valid for at least 6 months
2. Coloured photograph
3. No Objection Letter from sponsor if the applicant is a resident of UAE
4. Feasibility study – submitted for industrial & services companies
5. Capital requirement: AED 185,000

Free Zone Company (FZC)

1. Passport copy for each partner – valid for at least 6 months
2. Coloured photograph of each partner
3. No Objection Letter from sponsor if the applicant is a resident of UAE
4. Feasibility study – submitted for industrial & services companies
5. Capital requirement: AED 185,000

Branch of a Local Company

1. Passport copy for the representative or manager – valid for at least 6 months
2. Coloured photograph
3. Original Trade License
4. Original Membership Certificate from respective Chamber of Commerce
5. Original Commercial Registration Certificate
6. Feasibility study submitted for industrial & services companies

Branch of a Foreign Company

1. Passport copy for the representative or manager – valid for at least 6 months
2. Coloured photograph
3. Registration Certificate from relevant authority in the country of the company’s incorporation
4. Company’s Contract of Association
5. Resolution issued by the relevant authority for the company’s activity in the free zone and appointment of a representative or manager by Power of Attorney
6. Feasibility study submitted for industrial & services companies

Ajman Free Zone Authority Services

• Formation of companies
• Issuing of licenses
• Services provided to existing clients

Formation of Companies

Free Zone Establishment (FZE)

• An independent corporate entity
• Minimum capital requirement: AED 185,000
• The owner is liable within the extent of the capital

Free Zone Company (FZC)

• The company is set up by a number of natural or corporate people
• Minimum capital requirement: AED 185,000
• The owners are liable within the extent of the capital

Branch of a Local Company

Licenses are issued to the free zone companies which hold a valid license issued from any other United Arab Emirates licensing authority.

Branch of a Foreign Company

Licenses are issued to companies already established outside the United Arab Emirates. The company ownership is 100% foreign. The business activity can be industrial, commercial or professional / services. Sales are made via a UAE registered agent or distributor.

Minimum Capital Requirements

• No minimum capital requirements for a branch of a local or foreign company
• For FZE or FZC a minimum capital of AED 185,000 is required

Issuing of Licenses

Business licenses issued by AFZA are for business activities in AFZA only and they cannot be used to incorporate a company in another emirate. Products may be sold outside the free zone via a registered agent or distributor.

AFZA offers four types of licenses:

Trading License

Issued to foreign / UAE companies or free zone companies wishing to carry out trading in the free zone.

Industrial Licenses

Issued to foreign / UAE companies or free zone companies wishing to carry out manufacturing in the free zone.

Professional / Services Licenses

Issued to foreign / UAE companies or free zone companies wishing to carry out the provision of professional services in the free zone.

National Industrial License

Issued to a registered company operating inside the free zone, which meets the below criteria:

• The company is registered within GCC and a GCC national owns a majority of shares of 51% and over.
• Up to 40% of the manufacturing activities are carried out in the free zone. Companies with a valid National Industrial License are allowed duty free customs fees to member states of Arab Gulf Cooperation Council.

Services Provided to Existing Clients

Licensing Services

• License renewal
• License cancellation
• Transfer of ownership / relinquishment
• Add partner
• Remove partner
• Change of company name
• Change of company activity
• Change license information
• Change partner
• Change manager
• Change signature

Visa Services

• Employment visa
• Employment visa cancellation
• Residence visa
• Residence visa renewal
• Change company activity
• Residence visa transfer from old to new passport
• Residence visa cancellation
• Entry permit (visa revalidation)
• Change profession
• Increase salary
• Absconding notice
• Transfer visa inside AFZA
• Transfer visa outside AFZA
• New / renew Establishment Card
• ID card replacement

NOC Letters / Certificates

• Letters to banks
• Business Out Certificate
• Letters to embassies / consulates
• Salary certificate
• Letters to Etisalat
• Letters to the Traffic Department
• Share certificate (free zone entity)
• Share certificate (free zone company)
• Custom code certificate
• Police report certificate
• Lost passport certificate

Ajman Free Zone Authority Products

• Offices
• Smart Office Packages
• Executive Office Package
• Warehouses
• Plots of Land

Offices

Features of AFZA’s Offices:

• Yearly renewable lease
• Capital: AED 185,000
• Telephone line
• Fax line
• PO Box address
• Internet connection
• 24/7 security
• Cleaning services
• Car parking

Smart Office Packages

• Trading License Package – One Activity
• Trading License Package – Two Activities
• Trading License Package or Service License Package – Three Activities
• General Trading License Package
• E-Commerce License

Click here for license fees and payment options.

Visa Charges

Companies with Smart office packages are allowed 2 visas.

Cost for 3 years Resident Visa:

• 2000 AED + 2000 deposit (refundable) for Owner/Partner
• 2000 AED + 2000 deposit (refundable) + one month’s salary deposit (refundable) for employees

Capital Required: AED 185,000

Smart Office Package Includes:

• Smart office rent
• Business license
• Services, maintenance, sewage,
• Signage
• Establishment card for immigration
• Telephone line (monthly bill paid by the client)

Payment Terms:

1 payment – advance payment
2 payments – 1 payment in advance and the balance paid by a post-dated cheque after 6 months. Cheques to be presented on formation of the company.
3 payments – 1 payment in advance and the balance to be paid by 2 post-dated cheques, one after 4 months and the other cheque after another 4 months. Cheques to be presented on formation of the company.
12 payments – 1 payment in advance and the balance by 11 post-dated cheques to be issued for each month. Cheques to be presented on formation of the company.

Note: If the company is a partnership company, a one-off attestation fee of AED 1000 is applicable.

Executive Office Package

Click here for types of licenses, activities,  fees and payment options.

Payment Terms

Clients should visit AJFZ’s website http://www.afza.gov.ae/en for further details if they wish to see the payments terms offered (1, 2, 3 or 12 installments).

Visa Charges

Companies with Executive office packages are allowed 5 visas.

Cost for 3 years Resident Visa:

• 2000 AED + 2000 deposit (refundable) for Owner/Partner
• 2000 AED + 2000 deposit (refundable) + one month’s salary deposit (refundable) for employees

Capital Required: AED 185,000

Executive Office Package Includes:

• Executive office rent
• Business license
• Services, maintenance, sewage,
• Signage
• Establishment card for immigration
• Telephone line (monthly bill will be paid by the client)

Notes:

1. If the company is a partnership company, a one-off attestation fee of AED 1000 is applicable.
2. A deposit for non-industrial companies, which is refundable, also needs to be paid.

Warehouses

AFZA’s warehouses are located in an area covering 5 million sq. feet. There are 286 warehouses of various sizes. All warehouses are fully equipped with all required facilities. Housing facilities for workers are located close by.

Cost of Rent

Note: if the company is a partnership firm, a one-off attestation fee of AED 1000 is applicable.

Plots of Land

AFZA provides plots of land starting from 2000 sq. metres for the annual rent of AED 20 per sq. metre.

Information to download:

• Application Forms

AFZA News and Latest Developments

•  July, 2017 – Boost in Ajman Company Formations in 2Q 2017

AFZA Corporate Video

Ajman Free Zone Authority (AFZA) Map