Ajman Free Zone in UAE

Impact Holding can provide information all about Ajman free zone. Ajman Free Zone, established in 1988, was granted autonomous status under the Amiri decree no.3 of 1996 issued by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman. Ajman Free Zone Authority has been named as the sole regulatory agency for Free Zone in the Emirate.

The formation of the Free Zone Authority in 1996 has given great impetus to industrial activity in the Free Zone which has resulted in quadruple growth in the number of companies duringthe last few years. Ajman Free Zone with its package of unbeatable advantages is widely recognised as entrepreneurs' haven today.

A massive multi-million Dirhams development plan on over a mission square metre area is under progress at the Free Zone, which on completion will be able to accommodate 600 companies.

Corporate benefits

• 100 % Foreign ownership
• 100% Repatriation of capital and profits
• No personal income tax
• No corporate tax
• No Red Tape
• Cost Advantage
• Cheap energy
• The most economical wage structure and easy access to vast work force Total exemptions from all import and export duties
• Total elimination of all service charges and hidden fees
• Exceptionally low handling charges
• This 20 years land contract is renewable for another 20 yrs guaranteeing 40 years tax and customs free operations
• Low lease prices
• World-class infrastructure
• Lowest tariffs in the region

Transport

Air : Two international Airports, within 25 minutes drive from the Ajman Free Zone.

Sea : Ajman Free Zone is adjacent to the Ajman Port. Sharjah's Khorfakkan Port , Port Khalid and Dubai 's Port Rashid are within 35 minutes drive from Ajman Free Zone.

Road : Extremely efficient international road network connects the Ajman Free Zone to Oman, Qatar, Bahrain, Saudi Arabia, Iran, Kuwait and beyond to Europe.

Types of Licences

Ajman Free Zone, in its endeavor to eliminate bureaucratic procedures, has produced 4 types of license namely: Trading License, Industrial License, Professional Services License, National Industrial License.

Trading License

This licence is issued to foreign/UAE companies/Free Zone Entities who wish to carry out trading activities in the Free Zone.

Industrial License

This licence is issued to foreign/UAE companies/Free Zone Entities who wish to carry out manufacturing activities in the Free Zone.

Professional Services License

This licence issued to foreign/UAE companies/Free Zone Entities who wish to carry out the business of providing professional/services in the Free Zone.

National Industrial License

This licence is issued to a registered company operating in the Free Zone who meets the following eligibility criteria:

1. The company should be registered with GCC with a GCC national/s owing majority share holding of 51% or above.

2. At least 40% of the manufacturing process should be accomplished in the Free Zone.

3.Companies holding a National Industrial Licence are eligible for duty free exports to the member states of the Arab Gulf Cooperation Council.

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