Ajman free zone economic overview

Ajman Free Zone (AFZ) is a strategically located free zone in the UAE that has attracted numerous investors over the years. Established in 1988, it is one of the oldest free zones in the country and has since become one of the fastest-growing ones, thanks to its competitive advantages, business-friendly policies, and diverse investment opportunities. In this article, we'll explore the economic overview of Ajman Free Zone and highlight its key sectors, advantages, and business opportunities.

Advantages of Ajman Free Zone

AFZ offers various advantages to its investors, including:

• Strategic location: Ajman Free Zone is located in the heart of the UAE, making it easily accessible to other major cities such as Dubai and Abu Dhabi.

• Cost-effective: The cost of doing business in AFZ is relatively lower than other free zones in the region, making it an attractive destination for startups and small businesses.

• Business-friendly policies: AFZ has a simple and transparent regulatory framework that supports businesses and encourages investment. It offers 100% foreign ownership, tax exemptions, and other incentives to investors.

• Infrastructure: The free zone provides state-of-the-art infrastructure and facilities to its investors, including warehousing, office spaces, and logistics support.

Key Sectors in Ajman Free Zone

AFZ is home to various industries, including:

• Trading: AFZ is known for its trading activities, particularly in the fields of food and beverage, electronics, and automobiles.

• Manufacturing: The free zone has a dedicated manufacturing zone that caters to various industries, including textiles, plastics, and packaging.

• Services: AFZ offers various service-based activities, such as consultancy, IT, and media.

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Business Opportunities in Ajman Free Zone

AFZ offers a range of business opportunities to its investors, including:

• Company setup: Investors can set up a new company in AFZ with 100% foreign ownership and benefit from the free zone's tax exemptions and other incentives.

• Branch office: Existing companies can establish a branch office in AFZ and benefit from the free zone's infrastructure and facilities.

• E-commerce: AFZ has launched an e-commerce platform, AFZ e-commerce, that enables businesses to sell their products online and reach a wider audience.

Conclusion

Ajman Free Zone is a thriving free zone in the UAE that offers various advantages, business opportunities, and key sectors. Its strategic location, business-friendly policies, and diverse industries make it an attractive destination for investors looking to expand their operations in the region. Whether you're a startup, small business, or a multinational company, AFZ has something to offer.