The Emirate of Ajman, located on the western coast of United Arab Emirates was formed by the Al Nuaim tribe, well known for their bravery, courage and wisdom who migrated to this region from Oman around 1775. The economy of Ajman in the past was mainly based on its strong maritime tradition – fishing and trade, though the wise Rulers always encouraged various other allied activities such as shipbuilding, pearl diving and trading. Its dhow building yard is the largest in the Emirates and continues to operate despite being dwarfed by modern developments such as the major dockyard.
The modern era in Ajman began with H.H. Late Sheikh Rashid Bin Humaid Al Nuaimi who initiated various structural changes in the administrative network introducing scientific methodology. He played a pivotal role in the formation of the Federation of the Emirates.
The implementation of all his ideas were left to the then Crown Prince H.H. Sheikh Humaid Bin Rashid Al Nuaimi who succeeded his father in 1981 assuming full charge of the transformation of Ajman to a modern emirate, well equipped with all the necessary facilities and services.
Today, Ajman is witnessing a flurry of construction activities in the industrial areas, the port and Al Zawra, which is an indication and reflection of spectacular economic growth in the emirate. Despite the absence of oil, Ajman continues to develop its infrastructure and broaden its economic base.
Factor | Description |
Established in | 1988 |
Number of companies | Over 1,500 companies |
Industry focus | Suitable for all types of industries |
Limited liability company | Yes |
Minimum number of shareholder | 1 |
Minimum number of director | 1 |
Corporate shareholder allowed | Yes |
Corporate director allowed | No |
Public register of shareholder and director | No |
Access to UAE Double Taxation Treaties | Yes |
Port of Free zone | Port of Ajman |
Allowed to import export goods | Yes |
Commercial offices | Yes |
Industrial premises | Yes |
Warehousing facility | No |
Accommodation facilities | No |
Prominent companies at Free zone | G-Force Company,Apollo Industrial Products L.L.C, Al Irfan Plants and Nurseries etc. |
Location of directors and shareholders meeting | Anywhere |
Residency visa issued | Yes |
100% Foreign ownership permitted | Yes |
100% Repatriation of capital and profits | Yes |
Corporate, personal and withholding tax | Nil |
Language | English |
Standard currency of Capital | UAE Dirhams |