Ajman Free Zone

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. Ajman Emirate has launched a new free zone named Ajman Media City. This free zone is formed under Emiri Decree 8 of 2015. From the name itself, the zone is designed for all activities that falls under the category of Media, Information Technology, Professionals, Freelancers, and Traders. Ajman Media City understands and fulfills the requirements of first-time entrepreneurs, start-ups enthusiasts and SMEs, by providing them cost effective facilities and licenses to grow their business locally as well as globally. Features of Ajman Media City.  

 Factor Description
Established in 2018
Number of companies Newly established free zone
Industry focus Media, Information Technology, Professionals, Freelances, Traders and many more
Limited liability company Yes
Minimum number of shareholder 1
Minimum number of director 0
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 No
Warehousing facility No
Accommodation facilities No
Prominent companies at Free zone As this is a developing free zone, no prominent companies have established
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

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