Ajman is the smallest emirate in the UAE, located on the Gulf coast, covering an area of approximately 260 square kilometers with a population of about 240,000. It boasts a prime geographical location at the entrance of the Gulf, close to Sharjah and Dubai, with a 20-minute drive to Dubai International Airport and 15 minutes to Sharjah Airport. Established in 1988, the Ajman Free Zone serves as a vital bridge connecting Eastern and Western markets. Ajman Port, which hosts over 1,000 ships annually, is a significant maritime hub. Local companies in Ajman enjoy several advantages: First, significant tax benefits, including exemption from corporate and personal income taxes, duty-free import of raw materials and equipment, and zero tariffs on re-exported goods. Second, lower costs, with company setup and warehouse rental fees significantly lower than those in nearby Dubai free zones. Additionally, businesses can have 100% ownership without the need for a local sponsor, and there are no local employment restrictions. The Ajman Free Zone also offers convenient sea, land, and air transport conditions, facilitating the rapid delivery of goods to major consumer markets in the Middle East, Africa, and Europe.
They can engage in various activities, including trade, services, manufacturing, etc., but specific permits are required.
The minimum registered capital requirement varies depending on the company type and activities. Free zone companies usually have no minimum requirement, while offshore companies need to determine the amount based on their business type. (Adam)
Yes, Ajman allows 100% foreign ownership, with no need for a local sponsor.