That simple phrase sums up the secret behind the success of Ajman Free Zone (AFZ). Positive action resolutely (and speedily) carried through.
AFZ is noted for its speedy procedures and clearances, considerable cost advantages and innovative business packages. |
 |
100% foreign ownership |
100% repatriation of capital and profits |
No personal income tax |
No corporate taxes |
Ajman Free Zone widely recognized as a haven for entrepreneurs today. A major contributor to the Emirate’s economic development, AFZ provides a particularly welcoming environment to:
• Foreign investment
• Entrepreneurship
• International trade and commerce
• Manufacturing and industrial activity.
Lacking the natural advantages of petroleum and natural gas, the Emirate of Ajman has always relied instead on a strong reservoir of native enterprise. This helped build an enduring maritime tradition; with allied activities such as shipbuilding, fishing, trading and pearl diving. The rapid establishment – and expansion – of Ajman Free Zone in 1988 saw this age-old spirit of enterprise being applied to export-oriented industrialization in the modern age.
Granted autonomous status under Amiri Decree NO. 3 issued by His Highness Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman, Ajman Free Zone Authority now serves as the regulatory agency for free zones in the Emirate. The formation of the authority resulted in an accelerated impetus to industrial activity in the free zone. To the extent that the number of companies setting up business there have quadrupled since!
An attraction for International Investment
Ajman Free Zone offers all the advantages of any free zone in the UAE. . Recognizing the need to continuously innovate, AFZ has always taken care to provide a package of unbeatable benefits.
Chief among these is a relentless drive to innovate evermore-attractive packages for business. A massive multi-mullion Dirham plan to develop over a million square meters at the free zone is presently under way. This development is projected to accommodate over 600 companies.
These new companies will then join the approximately 256 industrial firms at AFZ that constitute 20% of the manufacturing units in the UAE, exporting to over 64 countries. The companies at AFZ are engaged in the business of:
Textile, ready made garments and leather goods
Food, beverages and tobacco
Timber, furniture and wood products
Paper and pulp, printing and publishing
Chemical and plastics
Non-metallic minerals
Basic metals
Metal products, machinery and industrial equipment
Other conversion industries
Several other construction projects are presently being implemented in the Emirate’s industrial areas, the seaport and Al Zawra, reflecting the dramatic economy changes brought about in Ajman, through the agency of AFZ. Ajman Free Zone continues to develop infrastructure further and broaden its economic base.
Strategically located at the entrance to the Gulf, Ajman Free Zone is well placed to serve markets of the East and West. AFAZ is adjacent to Ajman Port. Port Khor Fakkan and Port Khalid in Sharjah, as well as Dubai’s Port Rashid are just 35 minute’s drive away.
In addition, there are two international airports within 25 minutes drive from the free zone. AFZ is also well connected by an international road network to neighboring countries like Oman, Qatar, Bahrain and Saudia Arabia.
Ajman Free Zone offers investors a critical cost advantage, with the following components:
• |
Cheap energy supply |
• |
Economical wage structures and easy access to a vast workforce |
• |
Total exemption from all import and export duties |
• |
Total elimination of all service charges and hidden fees |
• |
Exceptionally low handling charges |
• |
20-year land contracts, renewable for another 20 years, guarantee 40 years of operations free of tax and customs duties. |
• |
Low lease rates |
• |
World-class intelligent infrastructure |
• |
Lowest tariffs in the region |
|
