Capital:
Abu DhabiForm of government:
Federal MonarchyArea:
83 600 км2Population:
4 millionCurrency:
Dirham UAE(AED)Ajman Free Economic Zone
Features of the company in the Ajman free economic zone
- Free economic zone was established in 1988 located 10 km from Dubai;
- Emirate Ajman is located at the entrance to the Persian Gulf, which provides an opportunity to serve the western and eastern markets;
- Access to the airports of Dubai and Sharjah;
- Cost
- Competitive prices for raw materials and cargo handling;
- Opportunity to open promptly a company;
- Completely exempt from taxes (corporate tax, repatriation income tax, personal income tax);
- Possibility of long-term lease of land (for 20 years with the possibility of extending to 40 years);
- Confidentiality of company ownership and management of a bank account;
- Possibility of company registration without introduction of the authorized capital.
Company type in Ajman (AFZ):
- Company with one FZE founder (Free Zone Entity) - one shareholder;
- The company in the free economic zone FZCO (Free Zone Company) - 2-50 shareholders;
- Public Listed Company (PLC) - minimum two shareholders;
- PLC (Public Listed Company) - at least two shareholders;
Types of licenses in Ajman:
- Trading license in this Free Economic Zone (FEZ). Trading license may be received from 1 to 3 types of activity, and there is also the possibility of obtaining a General Trading license;
- E-commerce license is a license that allows you to conduct business through online trading or providing online marketing and IT services;
- Service license is the license for the provision of services (management, marketing, consulting);
- Production license is for the companies producing goods in the UAE. This license requires 51% of the local representative’s possession.
Authorized capital in Ajman
- The authorized capital of 50 000 USD is required for a company with one founder (FZE);
- Declared authorized capital for FZCO is AED 185,000 (USD 50,685).
Payment of the authorized capital of companies in the Free Economic Zone is not required.
Company Office in Ajman
- Smart office rent - small offices with the possibility of obtaining up to 2 visas;
- Executive office rent - offices of a large area with the possibility of obtaining up to 5 visas;
- There is an opportunity to lease warehouses and land plots on the territory of FEZ.
Visas to Ajman:
Companies with Smart offices are eligible for 2 visas. Companies with Executive Office - for 5 visas and more.
Company shareholders in Ajman
Legislation allows to open the companies both for natural persons and corporate shareholders. The maximum number of shareholders is 5.
Company directors in Ajman
Requirements for the residence of the director in the Ajman free economic zone are absent. A manager is required - he may be one of the shareholders or the director.
Reporting and audit in Ajman:
Companies should keep records, but they are not required to file it.