Ajman free zone constitutes approximately 256 industries, and it ranks third in the UAE. It has become one of the most desirable locations in the United Arab Emirates. The zone is easily accessible from the four seaports and two international airports. If you are looking for an opportunity for a business set up in Ajman free zone, it is advisable to approach a consultancy. They will guide you to complete the formalities.
Unlike in the mainland, there is no need for local sponsors in free zones. In addition to all these, the free zone is only a thirty-minute drive from both Sharjah International Airport and Dubai International airport. Its cost-effectiveness benefits those who are looking to expand or start their business in the UAE.
Types of licenses in Ajman free zones
Getting a license is the most crucial step while starting a business. Depending upon the type of business you are going to start; there are various licenses available in Ajman free zone.
Commercial license
By attaining this type of license, you have the permission to distribute, import, and export things all over the United Arab Emirates. With a single license, you can undergo ten related activities and so many other advantages.
Manufacture license
It is also known as an Industrial license. As its name implies, this license is providing facilities for manufacturing within the free zone like import of raw materials, manufacture of goods, etc.
Pioneers license
This license is mainly focussing on young entrepreneurs whose age is between 20 and 30. Hence it is suitable for fresh graduates and start-up companies.
Other types of licenses available in the Ajman free zone is e-commerce license, freelancer license, and a service license. You will get detailed information about all these by visiting an expert business consultant in the UAE. They will provide you with the services available in the free zones you selected and the documents needed to submit for starting the business. Once the license is approved, you should renew it annually.
Products offered in Ajman Free Zone.
The fundamental attraction of the Ajman free zone is that it meets all the basic requirements of the client. The services include the following.
- Offices
- Freelancer Hub
- Pioneer Hub
- Executive offices
- Warehouses
- Business Centre
- Land
- Accommodation for employees
Business sectors like education, food, and beverages, technology, etc are also available in this area. The clients who are interested can opt for their sector.
Advantages of business set up in Ajman free zone.
Starting a business set up in Ajman free zone is considered as a wise option for starters and experienced. There are so many advantages to this free zone. The leading edge of the Ajman free zone is there is no corporate and personal income tax. Compared to the other emirates, the cost of living is very less in Ajman. Affordability and availability of raw materials is the main attraction of this free zone.
Procedures for the business set up
The procedures for setting up a business in the Ajman free zone is not a complicated thing. It is advisable to seek the opinion of an expert business consultant before going for further proceedings. You should get the approval for the trade name from the Ajman Chamber of Commerce. If you are planning for partnership business, MOA is mandatory, and your partner should sign it. After paying the license fees and submitting all the relevant documents, the authorities will approve your license.
After the establishment in the year 1988, the Ajman free zone played a vital role in the industrial development of the UAE. One of the primary reasons for most of the entrepreneurs think about a business set up in Ajman free zone is that it is welcoming all the industry regardless of its size. It is best suited not only for the trading companies but also for the health-related services.
