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Ajman Free Zone ( AFZA) ( Arabic: منطقه عجمان الحره) is a free trade zone and one of the designated freezones located in Ajman, United Arab Emirates (UAE). First established in 1988, it is one of a number of unbonded free zones in the UAE offering offshore company setup and operation to investors. As of Q1 2018, 12,362 companies ...
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise. 100% import and export tax exemptions.
Petrochem oil tank, Jebel Ali Free Zone, Dubai (UAE) Located in Dubai, JAFZA is one of the largest and oldest freezones in the UAE. It offers a hub for industries such as manufacturing, logistics, and trading. Jafza is spread over 57 square km in the Jebel Ali area at the far western end of Dubai, on the Skeikh Zayed Road (E11).
With the capacity to accommodate 1500 companies and serving over 1,000 vessels a year, Ajman Port and Ajman Free Zone are major contributors to the emirate's economy. Exporting to over 65 countries, the Free Zone's companies make up approximately 20% of the UAE's overall industrial units, with some 256 industrial companies operating from the zone.
The business activity in Ajman Free Zone grew at an annual growth rate of about 23%, while the licenses issued grew from 1590 in 2009 to 2386 in 2011. The number of issued licenses by Ajman Municipality increased from 17,873 in 2009 to 21,799 in 2011 at an annual average rate of 10.4%.
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Under Ajman law, Al Zorah is a designated free zone, which allows for 100% foreign ownership of property and businesses and confers tax free status. The 5.4 million square metre development (of which 1 million square metres are mangroves, forming the Al Zorah Nature Reserve) includes five distinct housing districts: the Shores, the Fairways ...
The Hamriyah Free Zone is a free zone place in the city of Sharjah in the United Arab Emirates. Established by an Emiri decree in November, 1995, the Free Zone is 24 square kilometers in size and has a 14 meter deep port and 7 meter deep inner harbor. [1] [2] It is considered the second-largest free-trade zone in the UAE after Jebel Ali Free ...