What are the different License types in Ajman Free Zone?

Thriving landscapes and a stable economy in the UAE are attracting businessmen and entrepreneurs in setting up a company in its different free zones. Amongst some of the free zones, Ajman Free Zone which was established in 1988 offers low start-up costs, affordable labor, and multiple amenities that are gaining popularity due to its various advantages. Some of the advantages are given below:

1. Commercial Advantages
2. Tax Exemptions
3. Infrastructural Benefits
4. Environmental Advantages

Before setting up a business in Ajman, you should know the different types of licenses that it offers. The body that issues a license in Ajman is Ajman Free Zone Authority (AFZA) and it offers 5 different types of licenses. They are as follows:

1. National Industrial License

• National Industrial License is issued to the companies that fulfill the following criteria:
• The company should be registered in Ajman but is operated in the free zone.
• The company should be registered with the nationals of the Gulf Cooperation Council (GCC) and must own at least 51% of the shares of the company.
• The company should have a minimum of 40% of the manufacturing completed in the free zone.

This type of license allows you to enjoy duty-free exports to the member states of the Arab Gulf Cooperation Council (AGC).

2. Trading License

To carry out the trading activities in the free zone region, you have to acquire a trading license. You can add up to three activities in a single license issued by the Ajman Free Zone authority.

3. Professional License

If you are looking to set up a business in an IT field, management or marketing consultancy then you have to acquire a professional License. Foreign companies or UAE companies wanting to set up a company that provides PRO services should also have a professional license to start their business.

4. E-commerce License

If you want to start an online business or want to venture into e-commerce than you will have to acquire an e-commerce license to do so. This license also provides marketing and technical support to the investors.

5. Industrial License

Ajman Free Zone Authority provides Industrial License to all the companies that involve in the production of goods if they want to start their manufacturing plant in the free zone region. Ajman Free Zone Authority also supports the companies by providing those warehouses and smart store services.

Apart from the above licenses, business activity is also bifurcated in the activity types. Such as One Activity Trading License, Two Activity Trading License and Three Activity Trading License. The prices of acquiring any of the above business licenses in Ajman Free Zone is different.

Ajman Free Zone is famous for its low-cost business setup but for that, you must hire a business setup consultancy. EBMS is one of the most trusted business setup consultancy service providers in the UAE. If you want to have a business set up in any of the UAE Freezones then contact us today.

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