Ajman Free-zone
Introduction
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 during the 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.
Strategically situated at the entrance of the Arabian Gulf, Ajman Free Zone is well placed to serve the eastern and western markets.
Ajman's proximity to Sharjah and Dubai provides easy accessibility to the two international airports and four ports. Ajman Port, serving over 1000 vessels in a year, has emerged as an important maritime focal point today. It has twelve berths. A massive development plan for Ajman Ports, under progress, seeks to enhance its facilities to world level in the near future.
Ajman Free Zone, in its endeavor to welcome all types of businesses, has produced 4 types of license namely: Trading License, Industrial License, Professional Services License, and 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.
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.
Industrial License
This licence is issued to foreign/UAE companies/Free Zone Entities who wish to carry out manufacturing activities 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:
- The company should be registered with GCC with a GCC national/s owing majority share holding of 51% or above.
- At least 40% of the manufacturing process should be accomplished in the Free Zone.
Companies holding a National Industrial Licence are eligible for duty free exports to the member states of the Arab Gulf Cooperation Council.
Facilities
- Electronic Office Center - EOC
Type of Ownership
FREE ZONE ENTITY FZE
FZE enjoys a separate legal entity and is owned (100%) by either a person or a corporate body. Such an entity must have a capital equivalent to US $ 50,000. The liability of the owner is limited to the amount of the share capital.
FREE ZONE COMPANY FZC
Licenses under this category are issued to Free Zone Companies incorporates within the Free Zone in accordance with the Amiri Decree.
Such company enjoys a separate legal identity and the liability of its owner is limited to the value of the paid up shared capital.
BRANCH OF A FOREIGN COMPANY BFC
Licenses under this category are issued to foreign companies established outside the UAE than intend to incept a branch or a subsidiary of their foreign registered company. The activity may be commercial, industrial or professional/services.
BRANCH OF A LOCAL COMPANY BLC
Licenses under this category are issued to companies holding a valid licence from any UAE licensing authority except from other Free Zones.
