Ajman Free Zone is a free trade zone, established in 1988 in Ajman, which is one of the emirates of UAE that is located in the Arabian Sea and Persian Gulf. It was given the autonomous status through the Amiri decree no.3 of 1996 that was issued by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, the Ruler of Ajman. Ajman Free Zone authority is the only regulatory agency for free zone in Ajman.
The Ajman Free Zone authority formed in 1996 has given the necessary boost to the industrial activity, resulting in a quadruple increase in the number of companies in the free zone over the past few years. It has been recognized as a paradise of the entrepreneur with its unparalleled advantages.
The Ajman Free Zone will accommodate about 4000 companies after the completion of its multi million Dirham development program that is on progress.
It is conveniently located at the gateway of the Arabian Gulf providing easy access to both western and eastern markets. Ajman is situated near Sharjah and Dubai, thus giving easy approachability to two International Airports and four ports. It is close to the major commercial cities of UAE enabling an excellent admission to the other important emirates of UAE. It is only at a distance of 12km away from Dubai and 2km away from Sharjah.
The major advantages of theAjman Free Zone that makes it a haven of the investors are as follows:
Decisive and central location
Advantage of a free zone
Raw materials for industries that are easily available
Handling charges that are exceptionally low
Land and office rents that are available at low prices
The cost of living is low
Favorable business environment[/li] [li]Modern Infrastructure
The industrial growth of Ajman is highly impressive. It has about 256 industrial firms that forms about 20% of the total industrial units in the United Arab Emirates. Ajman is also a great exporter with goods being exported to about 65 countries.
100% foreign ownership and 100% recovery of capital and profits are the major corporate advantages of Ajman free zone. There is no personal income tax and no corporate tax in the Ajman free zone. Complete exemption from all import, export duties and elimination of all service and hidden charges is another great advantage of the Ajman free zone.