What Attracts Businessmen to Ajman Free Zone?

When it comes to the wealth of the United Arab Emirates and the regions with the most comfortable investment environment, special attention is always drawn to Ajman Free Zone (AFZ). Despite its small size (260 km2), the region has become very popular among foreign businessmen who decided to establish companies in the UAE. One of the reasons is the relatively low Ajman free zone license cost. Besides, the emirate is located near Dubai, which increases its popularity among tourists.

AFZ was created in 1988, and it gained autonomous status 8 years later. Over the next 20+ years, the emirate expanded, offering new services to locals. Nowadays, there are 9,000 international companies that receive excellent profits. As a result, the region has become the most desirable place to register a company with 100% foreign capital. The main spheres are international trade, industry, and, of course, tourism.

Business Benefits at AFZ

Ajman Free Zone would not have become so popular without a lot of advantages, especially the ones for foreign entrepreneurs. They include:

• High level of security and confidentiality since no public register of shareholders and directors is maintained;
• The current law on the abolition of double taxation of entrepreneurs;
• A possibility for the foreigner to hold 100% of shares of the company, which is rarely permitted in other free zones;
• Fast registration as well as low cost of license;
• Proximity to Dubai, which improves logistics and attracts tourists;
• No requirements for a high number of people to open a company; one director and shareholder are enough;
• Lack of income taxes;
• Help and support of a specialist if necessary. All the information is on the web page https://uae-consult.com/en/our-services/opening-of-companies-in-united-arab-emirates.

Ajman Free Zone does deserve the attention of businessmen. Experts say that it is one of the most comfortable and safe regions on the territory of the modern UAE. Besides, it is constantly evolving and opening up new opportunities for entrepreneurs.