Free zone company formation in ajman
Free Zone Company Formation in Ajman
Free Zone Company Formation in Ajman
Detailed Information on Freezone Companies in Ajman
The Emirate of Ajman is the smallest of the seven emirates that make up the United Arab Emirates (UAE). Ajman is located directly on the Persian Gulf, approx. 20 kilometres from the metropolis of Dubai.
Ajman has a total area of 259 square kilometres and is currently home to around 250,000 inhabitants. In contrast to the industrial location of Ras Al Khaimah, Ajman has scarcely any agriculture. Instead, it makes its money from tourism and trade.
The capital city of Ajman is Ajman City. With a population of approx. 235,000, it is home to around 95% of the emirate’s overall population.
In recent years, Ajman has experienced a massive building boom and considerable amounts of development. The capital city stretches for around 16 kilometres along the Gulf coast. Alongside tourism-oriented urbanisation and the expected resultant growth in tourism, Ajman is also making a priority of developing and modernising the Ajman Free Trade Zone.
This page contains an overview of information about the location of Ajman. Alongside information about the potential uses and structure of a free zone company in Ajman, you’ll also find a detailed list of advantages and useful information on the jurisdiction of Ajman itself.
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The Ajman Free Zone
Free Zone Ajman
Ajman has the same status as the emirate of Ras Al Khaimah as a free trade zone. The Ajman free trade zone was established in 1998 and extended in 2006 to an industrial park.
Through the proximity of the metropolis of Dubai, Ajman has access to two international airports and four ports. The port of Ajman is becoming one of the post important maritime centres in the world and is expanding on an international level.
The Ajman free zone is currently being expanded, thanks to a multi-million investment plan, to a size where it will be able to accommodate up to 4,000 businesses.
Thanks to the favourable positioning of the Ajman emirate, the Ajman free trade zone (free zone) also has an optimal position to serve both the east and the west.
Companies in the free zone Ajman are recognised around the world, just like companies from the emirate of Ras Al Khaimah (RAK). Ajman is internationally recognised. A requirement for an Ajman free zone business is the establishment of office premises within the free zone. The lease is already included in the package fees.
Advantages of a free zone company in Ajman:
The structure of the Ajman Free Zone company
The Ajman free zone company is especially suited to the following areas: International trade, import and export, E-commerce, international services, protection of liquid assets.
|Business type:||FZC (at least 2 shareholders required); FZE (only one shareholder required), Branch (branch of an already existing company).|
|Company Name:||The desired company name will be applied for individually and must be approved by the Ajman free zone authority.|
|Office Space:||Various office packages are available, rental costs are already included in the formation fee.|
|Wages:||Wages are far below the European level. Part time administrative staff would expect a monthly wage of €150.|
|Types of Licence:||Trade, industry, E-commerce,Service|
|Shareholders:||At least on individual person or legal entity is required, regardless of nationality.|
|Director:||At least one individual person is required, regardless of nationality|
|Secretary (Commissioner)||One individual required|
|Duration of Formation:||Approx. 14 working days|
|Taxation:||No corporate taxation (in the case of personal domicile, no tax on personal income)|