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.
Why Ajman Free Zone
Strategic Location
The
Only down Town Free Zone most strategically located in the UAE. I.e. close to
major commercial cities providing an excellent access to the other Emirates.
The distance of Ajman Free Zone from the other Emirates is elaborated below:
- 12 km away from DUBAI
- 2 km away from SHARJAH
- 0 km away from AJMAN city
Transport
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.
Advantages
- Competitive pricing on premises
- No hidden fees
- No hidden charges
- Cheap energy
- The most economical wage structure and easy
access to vast work force
- Total exemption from all import and export
duties
- Total elimination of all service charges and
hidden fees
- Exceptionally low handling charges
- 20 years land contract is renewable for
another 20 years guaranteeing 40 years tax free operations
- Lowest lease prices
- World class infrastructure
- Lowest tariffs in the region
Corporate Benefits
- 100% foreign ownership
- 100% repatriation of capital and profits
- No personal income tax
- No corporate tax
- Low labor cost
- No Red Tape
CDE (Custom duty exemption in GCC counters)
Goods produced by the companies having National Industrial
Licence in the Ajman Free Zone with 51% share holding with GCC nationals are
eligible for "UAE Certificate of Origin" from the Ministry of Economy
and Commerce, UAE, qualifying them for a customs duty exemption in member
states of the GCC, provided the value addition in Ajman Free Zone has been at
least 40% of the total final value of the relevant product.