Reasons Why Ajman Free Zone Remains to be a Business-Friendly Hub in 2022

Reasons why Ajman Free Zone remains to be a business-friendly hub in 2022

The landscape of business setup in the Ajman free zone continues to attract the attention of foreign investors. The free zone posted remarkable growth in 2021 as it succeeded in attracting more than 256 new companies in diverse sectors. Most notable growth was seen in the health and beauty sector, which tells us the free zone’s capability in catering to a diverse range of industries. The growth it achieved last year speaks of the free zone’s status as a top free zone providing benefits such as comprehensive business solutions, state-of-the-art facilities, business-friendly regulations etc.

Ajman’s free zone’s story of success has prompted us to probe deeper into the reasons why the free zone continues to attract foreign investors. In this article, you can have in-depth revelations on why Ajman free zone is the ideal free zone to start a business in the UAE. Business setup consultants in UAE can guide you further about setting up a company in the free zone. Meanwhile, read ahead to know more about Ajman free zone.

Quick Issuance of Trade License

The time taken to obtain a trade license is a top issue that worries foreign investors. However, Ajman free zone offers all services under one roof, making the licensing process easier for applicants. Once all the necessary documents are submitted the license can be obtained within a few days. Business setup consultants in Ajman can help you with the selection of activities, determination of legal structure and document drafting so that you won’t face any hassle.

A Free Zone of Good Reputation

The process of business setup in the Ajman free zone offers a golden opportunity for investors to operate from a highly reputed base. Ajman free zone is ranked 7th at the Global Free Zone of the Year Awards 2021 by the FDI Intelligence Magazine. The free zone has achieved other recognitions such as Highly Commended Free Zone Award-Regional, First place for Small and Medium Enterprises Tenant Award- Regional, Commended in the Large Tenants award- Regional.

In 2021, the free zone has also received an Honorable Mention for Sustainability Reporting based on sustainability investments and internal governance in compliance with the highest international standards on Environmental, Social and Governance (ESG). In 2022, Ajman free zone has secured two new ISO certifications such as ISO/IEC 20000-1:2018 Information Technology Service Management and the ISO/IEC 27001:2013 Information Security Management Systems.

Strategic Location

The Ajman free zone is strategically located just 30 minutes from the international airports of Dubai and Sharjah and offers excellent connectivity to some of the world’s most popular business hubs in Asia, Africa and the Middle East region. Ajman free zone’s strategic location along the Arabian Gulf offers an ideal gateway between the East and West. The free zone is perfect for activities such as shipping, logistics and international trade due to its proximity to two international airports and four major seaports. Apart from sea and air, Ajman free zone is linked to the E11 highway, the longest road in the country, which allows companies to easily reach the other emirates.

Cost-effective Business Setup in Ajman

Ajman free zone is the go-to option for foreign investors as it offers cost-effective business setup packages and attractive incentives for flawless day-to-day operations. The low-cost business setup packages in Ajman free zone is a boon for companies of all sizes, especially SMEs that aim to minimise their capital and operating expenditure. The company formation solutions in Ajman free zone are tailored to suit a company’s unique needs, scale and size.

Open To a Diverse Range of Business Activities

Ajman free zone is home to over 9,000 companies, which includes investors, and entrepreneurs from more than 160 countries. Ajman free zone provides a conducive platform for businesses from a diverse range of sectors including Food and Beverages, Automotive, Health and Beauty, Construction, Education, Agriculture, Oil and Gas, Paper and Packaging, Jewellery (Gold and Diamonds), Marine, Textile, Advanced Technology, Sports, Petrochemical Industry, & Trade.

Technically Advanced Platform

Ajman free zone provides the investors with a technically danced platform for investors to carry out their business activities. In 2021, the free zone launched its AI Robotics Hub in line with the UAE Strategy for AI 2031. The AI hub also bolsters support for companies through a one-stop-shop equipped with advanced technology tools and an integrated system.

The hub provides digital access to the free zone’s business setup services allowing the companies to leverage its fully digital business system. Moreover, the AI hub will empower SMEs, startups and large companies. Business setup advisers in Ajman can help the investors to access the free zone’s benefits.

State-Of-The-Art Facilities

Ajman free zone provides investors with state-of-the-art new warehouses, strategically located for its proximity to Ajman Port and Customs ensuring easy inward and outward movement of customers’ products and transport. Customizable spaces start at 100M2 that are ideal for Health, F&B and industrial businesses. The free zone also offers executive offices, coworking spaces, freelancer & pioneer hub, e-commerce hub, onsite labourer accommodation etc.

Consult with the Best Business Setup Consultants in Ajman, UAE

If you are planning to set up a business in the UAE, then you should ensure that you have proper support to do so in your preferred free zone. Though the fundamentals of business incorporation are the same everywhere, a casual approach to business setup in Ajman free zone will derail your business plans. However, hiring business setup consultants in Ajman such as Jitendra Business Consultants (JBC) can ease the incorporation process.

JBC has set up thousands of companies in the UAE with the help of our team of highly qualified business setup advisers. We will guide you on choosing the most advantageous location, activity and legal structure. JBC also provides a wide range of business setup services in the UAE including bank account opening, tax advice, Economic Substance Regulations (ESR), Ultimate Beneficial Ownership (UBO), Anti-money Laundering and Combatting Financing of Terrorism (AML-CFT) etc.

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