Ajman Free Zone

Ajman Free Zone (AFZA) stands as a prominent free trade zone located in Ajman, within the United Arab Emirates. Established in 1988, AFZA is one among several unbonded free zones in the UAE that provides investors with the opportunity for offshore company setup and operation.

Ajman Free Zone continues to strengthen its position as a leading business hub in the UAE. In 2020, the zone witnessed a significant surge in new company registrations, reaching 1,717—a remarkable 23% increase from 2019. Offshore companies made up 11% of these new entities, highlighting strong confidence from international investors. This influx of businesses underscores Ajman’s economic competitiveness, with the education sector leading investment growth at an impressive 26%.

With its streamlined, one-click business license issuance and affordable setup costs ranging from Dh5,555 to Dh17,000, Ajman Free Zone is emerging as a top choice for small and medium enterprises (SMEs). Building on this momentum, the Ajman Free Zone Authority (AFZA) has set an ambitious goal for 2024: doubling new company registrations from 5,000 to 10,000 by year-end. This strategic growth plan reinforces Ajman’s appeal as a thriving business destination, offering cost-effective solutions and a pro-business environment.

Technology Sector at Ajman Free Zone

The technology sector emerged as a pivotal player in the economic landscape, displaying a commendable 20% growth in economic and investment activities during 2020. This sector’s advancement positioned Ajman as a crucial contributor to the realization of the UAE’s ambitious Next 50 Years Plan, particularly in the realm of advanced digital infrastructure. Through this growth, the zone solidified its position as a driver of economic expansion and diversification. This was evident in the 29% boost in Ajman’s total exports and the acquisition of a 35% share in the volume of re-exports during the same year.

Ajman Media City Free Zone: A Modern Business Haven

Ajman Media City Free Zone presents a recent opportunity for businesses seeking a free zone setup in the UAE, specifically within the city of Ajman. With a strategic location near Ajman Airport, this free zone facilitates efficient supply chain processes, enhancing companies’ overall performance. It offers a comprehensive range of government and banking services under one roof, supplemented by digital platforms for seamless business establishment. The zone’s appeal lies in its simplified requirements for business setup and tailored packages catering to the needs of independent entrepreneurs and businesspersons. Ajman Free Zone provides diverse office options, eco-friendly warehouses, and accommodation facilities, particularly catering to health, food, and beverage businesses.

The free zone places significant emphasis on both physical and digital infrastructure development, evident in its ongoing projects. The completion of the second phase of the Robotic Process Automation (RPA) system and an array of electronic and smart services showcases a commitment to enhancing the well-being of the Ajman community. This aligns with the Digital Government Strategic Plan 2022, aimed at delivering exceptional customer experiences.

Expansion and Sector Diversification at Ajman Free Zone

The free zone is pivotal in attracting investments across various sectors, contributing to the UAE’s economic diversification. Notably, sectors like food and beverages, automobiles, health and beauty, construction, agriculture, oil and gas, and more, find a promising platform within the free zone’s ecosystem.

In light of the growing demand from companies seeking to expand within the UAE and the region, the zone has embarked on an ambitious expansion journey. This plan encompasses the creation of the Green Zone, focusing on environmentally sustainable warehouses in line with the Ajman Vision 2021′ for a greener economy. Moreover, the Ajman Boulevard project is set to offer advanced office spaces and business headquarters, equipped with cutting-edge technologies to support new businesses entering Ajman.

Incentives and Investment Facilitation

Ajman Free Zone takes a proactive stance in stimulating economic and investment activities. It offers an array of incentives and investment facilities that position it as a prime choice for businesses and investors seeking growth opportunities. This comprehensive approach contributes to the vibrancy of the local business community and fosters the attraction of Foreign Direct Investments (FDIs).