Business setup in Ajman Free-Zone
Emirate of Ajman is the smallest by its area compared to all other, and it is population is nearly 240,00. Ajman is ruled by Sheikh Humaid bin Rashid Al Nuaimi of the Al Nuaimi tribe. The Crown Prince of the Emirate is Sheikh Ammar bin Humaid Al Nuaimi. The attractive business, or industrial facility of Ajman is it's free trade zone, which is under Ajman free zone authority (FZA). Because of its advantages over some other free zones, still it is one of the top in business people's list.
AFZ (Ajman Free Zone) was established in 1988 and it was under autonomous status. In 1996, the formation free zone authority has given great support to industrial activities in the zone, which leads to the dramatic growth of a number of companies registered with AFZ. There are lots of reasons which make Ajman is a paradise for entrepreneurs. Still Ajman is a very demanded free trade zone.
Why do business in Ajman Free Zone
Like all other free trade zones, Ajman is also offering 100% foreign ownership, exceptions from personal income tax and exceptions from import-export duties. But the unchangeable advantage of Ajman free zone over other Dubai Free zones and all, is its best package that even a startup company can afford. And when talking about the transportation, Ajman has a close distance to other emirates. Sharjah is just 2km away from Ajman.
Dubai, Umm al-Quwain, Ras al-Khaimah, Fujairah and Abu Dhabi are near to Ajman by 12, 21, 70, 120, and 180 kilometers respectively. Now Ajman is having around 250 industrial firms which is nearly 20% of the entire UAE industrial strength. Also the authority is doing multi-million dollar construction and development process on the freezone to make it capable of allocating 1500 more companies.