Understanding the Benefits that Companies get in Ajman Free Zone

 

 The Ajman Free Zone is located next to Sharjah and Dubai, which offers quick access to two international airports and four sea ports. This free zone offers several commercial advantages such as affordable office rental, centralized location, and easy availability of raw materials, outstanding business environment, low cost of living and economical operational expenses. At present, this free zone has 256 industrial companies and the export of products takes place in over sixty five countries across the world. Apart from this, the free zone offers a range of corporate benefits like:

• 100% repatriation of capital and profit

• 100% foreign ownership

• Exemption from tax on profit

• Exemption from income tax

The products manufactured by companies in the Ajman Free Zone with the National Industrial License and with a local sponsor, are eligible to get the UAE Certificate of Origin issued by the Ministry of Trade of UAE. In the nearby GCC countries, the customs duties are not imposed, provided in Ajman the production value is no less than 40% from the overall price of products.
Mentioned below are the categories in which the companies are registered in the Ajman Free Zone:

• Food products, soft drinks and tobacco

• Textile

• Paper

• Wood

• Chemical and plastic products

• Engineering and composites

• Metallurgy

The types of licenses that the Ajman Free Zone Dubai office offers include:

• Professional/Service license: This is issued to the companies that carry on consulting activities.

• Trading license: This is issued to the companies that carry on various types of trading activities.

• National Industrial License: This is issued to the companies with a local sponsor who holds 51% stake in the company. This license is also provided to the companies that produce 40% of the total production in the Ajman Free Zone. This system does not necessitate the companies to pay customs duties on trading of products to the nearby GCC countries.

• Industrial license: This is issued to the companies that carry on various types of industrial activities.

Among the various free zones in the UAE, the Ajman Free Zone is the one that offers the chance to register both offshore as well as onshore companies. Other Free Zones which offer this chance include the RAK Emirate Free Trade Zone and Jebel Ali in the UAE.