Ajman Free Zone
Umm Al Quwain isn’t the only free zone that you can startup your business at, however. Ajman is one of the smallest of the seven emirates of the UAW at just 260 square kilometers. The main industries that are working in Ajman are real estate, manufacturing, construction, retail, business services and transport. It is known as the ‘entrepreneurs’ heaven’.
If you were to choose to set up your business in Ajman, you would need to plan your process in detail and be quick to make decisions. You would need to follow the same processes as in UAQ by choosing a company name, decide what your business will involve, pick the correct licence and so forth. There are also plenty of management consultancies in Ajman that would be happy to help you with this difficult part of the process.
The free zone began in 1988 and is based in the Arabian Gulf Coast. It is conveniently placed by the seaports and airports which is a huge benefit to companies, among many. Others are as below:
- No red tape
- Resident or employment visas for employees and the investor
- Legal exemption from importation and exportation duties
- 20 years land leases
- Capacity to own your own office
- No hidden fees or service charges
- Low labor cost
- Laws catered to help your business/company
- 100% reinstatement of profits and capital
- 100% corporate tax free
- 100% foreign ownership
- Cheap energy to businesses
- Easy immigration policies to help you find the best workers
