Center of Dubai with skyscrapers around Burj Khalifa of the city. Skyline in the evening at sunset with a cloudy sky. reflecting sunlight on the glass facades of the buildings
The UAE has quickly risen to be one of the top business destinations in the globe, and this can be largely attributed to the free zones it has created. These zones offer foreign and local business persons something special to entice them to relocate. Of the different options available, Ajman Free Zone has particular benefits for particular industries which include the medical sector. It is very important for entrepreneurs to know the key differences of Ajman Free Zone from other established free zones of Dubai, Sharjah, and Abu Dhabi so that they are able to harness the available suitable opportunities in their areas of specialization. This article seeks to provide a relatively straightforward view for companies that are planning to set up a business in the UAE by shedding light on features, advantages as well as opportunities that are available for specific sectors. Doing so, we will describe the infrastructure, regulation and possibly business incentives required for success of the business.
An Introduction to Ajman Free Zone
Ajman Free Zone, founded in 1988, is among the most important of the free zones in the UAE. In order to give Ajman Free Zone a lot of flexibility, it has been to every industry. One of its distinguishing features is the special systems that are set in place to assist business owners in completing the process of setting up and running particular enterprises. For healthcare professionals in particular, who want to penetrate the UAE healthcare system, Ajman Free Zone creates exceptional circumstances and significant infrastructure. The zone is also good for those who want to complement its location with a large area of business potential. This is especially so for the development of medical businesses which are assured by the supply chain efficiency which is enhanced by Ajman’s ease of access to other major trade routes around the region.
Basic Characteristics of Ajman Free Zone
- Free hold for non nationals
- Tax exemptions for Corporations for a period of fifteen years (can be extended)
- Opportune geographical location close to target markets
- Multiple kinds of business operations allowed
Comparison with Other Major UAE Free Zones
When attempting to evaluate Ajman Free Zone, one has to take into consideration the other great free trading zones in the United Arab Emirates which include Dubai, Sharjah and Abu Dhabi. Each of these locations has its own distinct benefits that are specific for the industry that is being targeted, thus making them appealing for businesses for varying reasons. For example Dubai Free Zone is highly regarded as one of the best due to its infrastructure and ability to network. Sharjah Free Zone on the other hand has competitive price options that are suitable for more small and medium businesses (SMEs). On the other hand Abu Dhabi Free Zone is focused mostly on high technology, media as well as health care industries which are greatly pushed by the government incentives.
Free Zone Key Features Industry Focus
| Ajman Free Zone | Dubai Free Zone | Sharjah Free Zone | Abu Dhabi Free Zone |
|---|---|---|---|
| 100% ownership, 0% tax for fifteen years | All Round Linkages, well built up facilities | Affordable, support for SMEs | enable policies, well developed facilities |
| Trading, manufacturing, and healthcare | All sectors of economy. | Trading, logistics. | Information and communication technology, media, and health care. |
Advantages of Ajman Free Zone Relating to Medicine Sector
As Ajman free zone is offering tremendous facilities the healthcare entrepreneurs can look out seeking opportunities for expansion. The medical sector has been witnessing a rapid growth in the Middle East and in particular the UAE.One of Ajman Free Zones prerequisites is the provision of specialized clinics and hospitals that are assisted with an appropriate medical business framework. On the contrary, the licensing environment is highly conducive with very fast and effective licensing procedures now in place. Such quality support allows medical professionals to succeed in a promising business. In addition, local government is interested in creating medical start-ups and cares about them providing additional assets and advices. Therefore, Ajman Free Zone is becoming the center of attention for advancement of new medical ideas in the UAE region.
Health And Medical Facilities
- Existence of a specialized clinics and hospitals;
- Premises of medical suppliers and logistic providers;
- Supporting stakeholders and associations;
Conclusion.
The first series of the Ajman Free Zone was compared to other free zones within the United Arab Emirates. It was observed that each of the options had different provisions. For instance, to an investor or particular businesses within the medical field, Ajman free zone can be advantageous in terms of policies and type of medical related building available in that area. While Dubai, Sharjah and Abu Dhabi do provide their share of unique benefits and incentives, Ajman’s geographical location and witness support must be taken into account. A few features in this region seem apparent and will assist the health care market in growing within the region, hence some issues may enable entrepreneurs to make right choices. The final decision is dependent upon the expectations and requirements of their business.
FAQ
- What kinds of companies can use the Ajman Free Zone? Ajman Free Zone is useful for many sectors such as trading and manufacturing and in particular, for health care service providers.
- Are there any extra costs that are not apparent in Ajman Free Zone? No. Ajman Free Zone is clear on the cost implication and further in most cases, There is no other cost incurred while conducting business transactions.
- How long can one expect to complete the process of business registration in the Ajman Free Zone? The entire makeup process, as it has been mentioned, takes less than a week owing to the simplified regulations that govern the registration of new entities.
- Will I be able to own a hundred percent of my business in the Ajman Free Zone? Yes, all registered businesses Ajman Free Zone allow 100% foreign ownership.
- What are the tax advantages and benefits a registered business can enjoy in the Ajman Free Zone? Ajman Free Zones offers clients zero percent corporate tax for 15 years and renewable making it ideal for business.
