UAE has different types of free zones for setting up a company and you must have a good knowledge of all the nation’s free zones. Although there are some common benefits of each free zone like zero corporation and personal tax, 100% company ownership, no country and domicile restrictions and 100% import and export tax exemption, some UAE free zones have its own distinct advantages for entrepreneurs.
In this article, we will discuss the advantages of the Ajman Free Zone. Ajman is the smallest emirate in UAE encompassing only 259 square kilometers. But due to its plethora of options for entrepreneurs, it is one of the best places to set up a company in the UAE.
1. Easy registration process
The registration process in the Ajman Free zone is hassle-free. If you are an entrepreneur, you only have to visit the free zone once to sign the company documents in front of the authorities. All the rest of the process can be managed remotely. You must submit all the necessary company documents along with the business plan. The process can take as short as two days if all things are set in the right direction.
2. Cost-effective and efficient
Small business to middle-sized companies, all are welcomed in Ajman free zone. You can set up your company of any size on a smaller budget and then grow cost-effectively. UAE’s Ajman Free zone is one of the most cost-effective free trade zones and is popular among small to mid-size entrepreneurs.
3. Multiple Visa options
Ajman Free Zone offers various packages that offer different quantities of Visa. For someone who has no experience in UAE, Ajman is the right option. Office packages like Smart office package and Executive office package offer three visas and five visas respectively. The use of office space, equipment, and rooms for meetings without the need to rent a permanent desk is given in some of the packages like the Flexi-desk package.
4. Open to multiple business types
Ajman Free Zone is open to general trading and hence people are eager to acquire trading licenses in Ajman. It also offers industrial licenses and professional licenses amongst others. You can also apply for a separate e-commerce license which is not offered in most of the UAE’s other free zones.
5. Quick and easy corporate bank account opening
Ajman Free zone offers very simple mechanics on the application process and hence is preferred by many entrepreneurs who want to set up a business in UAE.
6. Benefits of allowing multiple shareholders
One of the benefits that the Ajman free zone is that it allows companies to have multiple shareholders. Newly set companies which are essentially limited liability partnerships within the free zones are allowed to have up to five shareholders.
7. Strategically best location and global reach
It is no secret that the UAE is strategically one of the best locations to set up any company. It has access to both the eastern and western parts of the world. Ajman Free zone has international airports, major seaports which make the import and export trade easy. It also has great road links to nearby emirates and is only half an hour away from Dubai.
8.Low entry barriers and exemption of NOC from local sponsors
You do not require a No Objection Certificate (NOC) if you want to form a company in Ajman Free zone. Also, there are no ongoing auditing or bookkeeping requirements too.
Now that you have all the key benefits of Ajman Free Zone at your fingertips, are you ready to set up a business here? Check out the various Ajman Free Zone packages that EBMS offers and contact us today so that we will guide you and help you grow.