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Ajman Free Zone (AFZA) (Arabic: منطقة عجمان الحرة) 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.
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.
The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.
[80] [81] [82] Exporting to over 65 countries, the Free Zone has some 256 industrial companies and more than 12,000 companies operated in it. [83] [79] [84] 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 ...
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.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Land free zone: [31] Krapina–Zagorje Free Zone (in liquidation) Danube Free Zone of Vukovar; Free Zone of Kukuljanovo (inactive) Free Zone of Port of Rijeka – Škrljevo; Free Zone of Split–Dalmatia (in liquidation) Free Zone of Zagreb; Port free zone: [31] Free Zone of Port of Ploče; Free Zone of Port of Pula; Free Zone of Port of Rijeka
Community portal; Recent changes; Upload file; ... Pages in category "Economy of the Emirate of Ajman" ... Ajman Free Zone; Ajman Real Estate Regulatory Agency; C ...