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SFM IN PRESS

How to start a business in Dubai

30 March 2020

In the long-term, the United Arab Emirates GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021 and 2.30 percent in 2022, according to econometric[..]

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Top 5 reasons why business owners prefer the Ajman free zone

19 March 2020
The Ajman free zone was established in 1988, leading to massive industrial development in Ajman by attracting a great number of companies to benefit from the investing privileges, thereby strengthening industry and trade and the financial sector in the UAE.

The Ajman free zone has long been a popular free zone with entrepreneurs in the UAE due to the competitive benefits and incentives it offers. The Ajman free zone ensures that businesses have the best possible start, all whilst offering continued support to business owners. Setting up an Ajman free zone with SFM is easy and cost-effective as companies in this free zone enjoy the same legal status as other UAE based companies.

Here are some other reasons why business owners prefer the Ajman free zone:

1. The Ajman free zone is perfect for every business type

The Ajman free zone caters well to almost all trading activities issuing industrial and professional trading licenses, compared to other free zones. The diversity of businesses also makes it the perfect place for entrepreneurs to network and communicate to share and gain knowledge and expertise with one another. The free zone has state of the art infrastructure, world class facilities and investor orientated management.

2. Strategic location

Ajman free zone is ideal for business owners who are interested in import and export due to strong transport links in air, road and water. The free zone is located in the heart of Dubai and a short journey away from Dubai International Airport and Sharjah Airport. The zone is located in close proximity to four major seaports – Ajman Port, Port Khalid, Port Rashid and Khorfakkan Port. In addition, the area is connected to Qatar, Saudi Arabia, Oman, Iran, Bahrain, Europe and Kuwait.

3. Visa capabilities

The Ajman free zone requires no local sponsor and has a quick and easy residency visa process, allowing you to sponsor family, friends and employees. The visa process is straight forward however you need to ensure that you and your dependents meet the entry standards before applying.

4. Ownership and taxes

The Ajman free zone allows 100% foreign ownership with no corporate or personal taxation. There are also no accounts or auditing required and no currency restrictions making it possible to quickly grow your business.

5. Confidentiality

Incorporating a company in the Ajman free zone does not require company directors’ names to be disclosed which enables complete confidentiality for those who do no want to publicly disclose this information.

For more information on company incorporation in the Ajman free zone contact SFM today.

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