Why should you setup a company in Ajman Free Zone?

Situated on the Arabian Gulf Coast, Ajman Free Zone is one of the most developed UAE free zones. It has four seaports, 2 international airports, and highways connecting to other major cities of the UAE. This has made Ajman as an advantageous place for company formation. Entrepreneurs can set up business here in Ajman because the company formation process is easy and hassle-free.

Ajman Free Zone Authority, the governing body that issues business licenses to companies has given many benefits for companies who want to set up a business here. Factors like cost, time and efforts are key resources in any company and hence Ajman’s cost-effective and strategic location attracts investors from around the world. The following are the reasons why company formation in Ajman free zone is beneficial:

1. Commercial Benefits

• 100% exemption from customs duty for goods and services for you.
• 100% ownership for foreign companies
• 100% repatriation of capital and profits
• No red tape and you won’t have to shell more money on labor as they cost less.
• Liberal economic policies and legal framework making setup and registration easier.

2.      Tax Benefits for companies

• You do not have to pay corporate tax
• You do not have to pay personal Tax
• There is no import and export tax

3.      Infrastructural Benefits

• Your company can enjoy the benefits of land leasing for 20 years which can further be renewed for 20 years.
• Abundant energy supply which is also cheap.
• There are no hidden charges.
• You also get the benefit of pre-built offices, smart offices and warehouses to facilitate your company.

4.      Environmental Benefits

• Your company will be set up in business-friendly laws.
• The company registration process and setup process is easier in Ajman Free Zone.
• For workers, the immigration process is very quick and simple.
• Ajman Free Zone Authority provides single window clearance for multiple government services like acquiring business licenses, visa services, immigration, etc.

5.      Miscellaneous Benefits

• There are no currency restrictions and no quotas or foreign exchange controls.
• AFZA provides 24 hours of security service
• Easy staffing and recruitment procedure.
• Your company can have access to services like the bank, postal and advanced communication facility.

Although the advantages look simple and easy to understand, the process of company formation in any of the UAE free zones must be done under expert guidance. EBMS is known for its business consultancy services. Reach us to find out more.