The Emirate of Ajman is located on the western coast of United Arab Emirates was formed by the Al Nuaim tribe, well known for their bravery, courage and wisdom who migrated to this region from Oman around 1775.
The Ajman Free Zone, a 30 minute drive from Dubai, offers the cheapest General Trading license in the whole of UAE. Ajman Free Zone is the only Free Zone that offers multiple installment payment plans (if you have a UAE bank cheque book). The Free Zone is most suited for Trading, professional and small industrial businesses.
Ajman do not have oil, and that makes it much faster and sharper in taking up the economic development at much early stage, Ajman continues to develop its infrastructure and broaden its economic base. The economy of Ajman in the past was mainly based on its strong maritime tradition - fishing and trade, though the wise Rulers always encouraged various other allied activities such as shipbuilding, pearl diving and trading.
Its dhow building yard is the largest in the Emirates and continues to operate despite being dwarfed by modern developments such as the major dockyard. Currently Ajman Port serves over 1000 vessels in a year and is an important maritime focal point with twelve berths. A massive development plan for Ajman Ports, under progress, seeks to enhance its facilities to world level in the near future. n is undergoing a great up-gradation through construction activities in the industrial areas, the port and Al Zawra, which is an indication and reflection of spectacular economic growth in the emirate.
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 and is now known as entrepreneur's heaven.
A massive multi-million Dirhams development on over a million square metre area at the Free Zone, on completion will be able to accommodate 1500 companies. Strategically situated at the entry point of the Arabian Gulf, it is well placed to serve the eastern and western markets. Moreover its proximity to Sharjah and Dubai provides easy accessibility to the two major international airports and four ports.
Manufacturing goods produced (atleast 40% value addition at cost) by the companies having National Industrial Licence in the Ajman Free Zone with 51% shareholding with GCC nationals are eligible for "UAE Certificate of Origin" from the Ministry of Economy and Commerce, UAE. This makes them eligible for a customs duty exemption in member states of the GCC.
Ajman today has over 300 industrial firms which constitute more than 20% of the total number of industrial units in the UAE and ranks third among all the Emirates. Goods from Ajman are being exported to over 65 countries.
Various industries already present in Ajman includes:
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
Ajman Free Zone, in its endeavour to eliminate bureaucratic procedures, has produced 4 types of licences namely:
Trading Licence: This type of licence is issued to foreign/UAE corporate bodies/companies/Free Zone Entities those wishes to carry out trading activities in the Free Zone.
Industrial Licence: This type of licence is issued to foreign/UAE corporate bodies/companies/Free Zone Entities those wishes to carry out manufacturing activities in the Free Zone.
Professional/Service Licence: This type of licence is issued to foreign/UAE corporate bodies/companies/Free Zone Entities those wishes to carry out the business of providing professional services in the Free Zone.
National Industrial Licence: This is strictly given to a registered companies operating in the Free Zone those meets the following eligibility criteria:
Any corporate entity wishing to establish an FZE must complete an application form provided by the Authority and attach the following documents:
The Free Zone Authority being satisfied that the relevant documents are submitted, shall register the FZE and issue a Certificate of Registration and a Free Zone Licence.
This category licenses 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 local company BLC: Licences under this category are issued to companies holding a valid licence from any UAE licensing authority except from other Free Zones.
Branch of a foreign Company BFC: Licences under this category are issued to companies established outside the UAE. The ownership of the company should be 100% foreign. However, sales can be made through a UAE registered agent or a distributor only. The activity may be commercial, industrial or professional/services.
Samsun Godwin, a well established network of business consultants based out of Dubai, helps you set up, market and manage your company in the UAE. Our experienced team of professionals can help you start your business anywhere in the UAE, be it the Mainland, Free Zone or Offshore.
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