Articles

Ajman Free Zone Company Setup

by Sagar Chauhan Digital Marketing Analyst

Any industrialist want to start a business in UAE and it needs to endow oneself with a perfect working knowledge of the free zones. With the advantages that they get for a start-up, free zones can prove extremely advantageous for business setup. One of the well-known UAE free zones that carry out manufacturing activities is the Ajman Free Zone Authority (AFZ). It was established in 1988 and was granted an autonomous status by the ruler of Ajman, H.H. Sheikh Humaid Bin Rashid Al Naumi. AFZ has lots of businessmen carrying out Ajman Free Zone Company Setup as they persist to build up their infrastructure. The premeditated biological site of Ajman free zone is one of its advantages as it is only 25 minutes away from the international airport.

Business tycoons can opt from amongst 4 types of possession when they prefer to form a company in Ajman Offshore Company Formation:

  • Free Zone Establishment (FZE) license
  • Free Zone Company (FZC) license
  • Branch of a Local Company
  • Branch of a Foreign Company

 

What Is an Offshore Company?

An offshore company might be a reference to:

  • A company, group or from time to time a partition thereof, which connects in off-shoring business procedures.
  • International Business Companies (IBCs) or other types of legal units which are built-in under the laws of an authority that forbids local economic activities

 

Major Benefits of Forming an Offshore Company in Ajman Free Zone

  • 100% foreign ownership
  • 100% repatriation of capital and returns
  • Low cost of company formation
  • No need to lease an office space or industrial place. The official address of offshore Ajman representative is the address of the offshore company
  • No yearly audit necessary
  • No paid-up share capital necessary
  • Fastest registration procedure as the company setup papers can be delivered within a day
  • Businesses in Ajman offshore company formation are authorized to buy as well as selling property. They are also authorized to take possession of assets in the UAE, subject to the previous approval of the land division
  • AFZ is internationally renowned
  • Offshore companies in Ajman can also open a bank account

 

The step is very easy and hassle-free. These credentials must be submitted to the Ajman Free Zone Authority and, if there is no ambiguity the paper, they would be qualified within a day or two, and you are better to move further.

                                  


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About Sagar Chauhan Senior   Digital Marketing Analyst

163 connections, 3 recommendations, 539 honor points.
Joined APSense since, November 30th, 2016, From Delhi, India.

Created on Dec 1st 2020 02:02. Viewed 219 times.

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