Benefits Of Ajman

The Emirate of Ajman is on the western coast of the United Arab Emirates.  Its economy has been historically reliant on fishing and trade. Since then, Ajman has been transformed into a modern emirate with up-to-date facilities, infrastructure and services.

In recent times, Ajman has experienced a surge in economic growth and an increase in construction. Although not dependent on oil, Ajman continues to explore different markets and sources of income in what is a rapidly changing and exciting place to do business.

AJMAN FREE ZONE

The Ajman Free Zone was officially established in the late 1980s. By 1996, with the creation of the Free Zone Authority, industrial activity in the Free Zone grew rapidly.

The zone enjoys an excellent location. Ajman is at the entrance of the Arabian Gulf and right next to Sharjah and Dubai with easy access to two international airports and four ports. Ajman Port itself is an increasingly important maritime transport hub.

Companies incorporated in the Free Zone can be 100% foreign owned and do not need to pay any personal or corporate tax. All profits and capital can be repatriated to one’s country of origin tax-free.

In a drive to simplify and speed up bureaucratic procedures, the Ajman Free Zone offers four different types of licences to cover all business operations that can be located there. These fall into the following categories: 
• Trading 
• Industrial 
• Professional/Services
• National Industrial Licence

A huge development plan covering an area of over a million square meters is currently underway at the Free Zone. When this is completed, this area will be able to accommodate 1,500 companies.

ECONOMIC BENEFITS

By setting up a business in Ajman your company can enjoy its fantastic location and its free zone advantages. Ajman businesses also benefit from reduced handling charges and low office rents meaning that the cost of doing business is significantly reduced. There are also no import or export duties and utilities and energy costs are surprisingly low. Workers and employers in Ajman will be happy to note that they can take advantage of a relatively low cost of living and a modern, ever-changing business environment which is served by a well-established infrastructure.

Ajman is today home to over 250 industrial firms. This makes up almost a quarter of all firms in the UAE making the Emirate the third most popular place to do business within the UAE. Goods from Ajman are now being exported to over 65 countries. These firms operate in all sorts of markets including textiles, readymade garments and leather industries.

Ajman is a great place to do business because it has a large potential workforce at its disposal. Wage structures are extremely economical and there is surprisingly little red tape when it comes to hiring foreign workers.

LIVING IN AJMAN

Ajman is located right next to the sea making it a great destination for summer visitors. There is a whole range of beach activities to enjoy and newly built leisure facilities. Ajman is also cheaper than some of the other emirates. Food, drink and utility costs are extremely low. There is a vibrant expat community and an ever-changing social scene. Recent years have seen growth and improvement in its residential developments. These changes, and the overall economic transformation experienced by the surrounding area, make Ajman perfect for business but also an equally attractive place in which to live and raise a family.