The free zones are a major contributor to the economy of the country in the United Arab Emirates. Each of the seven emirates in the country has Free Zones, which encourage businesses from all around the world to come and set up their company in the free zone. One of the most important free zones in Ajman is the Ajman Free Zone.
The Ajman Free Zone was established in the year 1988, and the location chosen for it was very strategic. The Ajman Free zone is located at the entrance of the Arabian Gulf. This is a symbol that all the companies are welcome in this free zone. Since its inception, the Ajman Free Zone has gradually become a very important place for businessmen all over the world o come and set up their business.
It provides assistance in setting up a company and offers offshore company setup services. Till the Q1 of 2018, more than 12,362 companies were registered in the free zone. The free zone is lucrative to entrepreneurs and people in business who have just started a business and are very cost-conscious. The competitive fee structure and the presence of multiple installment payment plans make this free zone a favorite for budding businessmen and entrepreneurs.
Products Offered
There are various types of office spaces offered by the Ajman Free zone, along with a number of services. These include:
1.Executive Offices
The executive offices are spacious and are designed in a way that will help you to fulfill all the requirements of your business. The Executive office will ensure both Flexibilities as well as convenience.
2.Offices
These are furnished office spaces that are designed exclusively for start-ups and other emerging businesses. The Ajman Free Zone also offers customizable offices which will suit the requirement of the business.
3.Business Centre
These are best suited for SMEs and start-ups. The environment presented is very suitable and conducive to a business, and the business does not incur high overhead costs.
4.Freelancer Hub
The Ajman Free Zone provides flexible co-working space to freelancers so that they can pursue their dreams in a cost-effective and efficient manner.
5.Warehouses
Pre-built warehouses are available to a business, and these comprise all the necessary features along with access to the port.
6.Onsite Accommodations
These comprise comfortable room spacing along with all the necessary features such as security services, centralized Air Conditioning, Laundry and lavatory services, eateries, etc.
7.Land
A lease on land is provided for a span of 20+ years to investors who want to build infrastructure according to the requirements of the business.
The Ajman Free Zone also provides services such as:
- Issue of Licenses
- Services provided to Existing Client
- Investor and Employee VISA
Types of Businesses Available
Three different types of businesses are available in the Ajman Free Zone.
Free Zone Establishment (FZE)
Free Zone Company (FZC)
Branch of a Foreign/UAE Company
Ajman Free Zone Approved Auditor
Audit Services are extremely important functions for a business. Recognizing the importance, the government of the United Arab Emirates has deemed it mandatory to conduct a periodic Audit of the business. The management of the business should take care that the audit should be performed only by an auditor who has been approved by the management or the governing authority of the free zone.
If you are looking for such services from a trustworthy Auditing and Accounting firm in the United Arab Emirates, then you can go ahead and avail of the services provided by JAXA Chartered Accountants. The experts at JAXA will take care of all the business problems faced by the business and will provide a hassle-free experience. Apart from this, the auditors will also help in the compliance of the various rules and regulations of the jurisdiction