AFZA

(1) FREE ZONE ENTITY FZE:

FZE is an entity formed and registered in Ajman Free Zone and regulated by the Free Zone Authority, in accordance to the Amiri Decree No. 3 of 1988 as amended by the Amiri Decree No. 3 of 1996. FZE enjoys a separate legal entity and is owned (100%) by either a person or a corporate body. Such an entity must have a capital equivalent to US $50,000. The liability of the owner is limited to the amount of the share capital.

FORMATION AND REGISTRATION OF THE FZE BY A CORPORATE ENTITY

A. Any corporate entity wishing to establish an FZE must complete an application form provided by the Authority and attach the following documents:

  • The feasibility study of the project and the anticipated schedule for its completion together with relevant plans and drawings (for industrial project).
  • The memorandum and/or Articles of Association of the Corporate entity.
  • Incorporation or Registration Certificate from the competent authority in the country where the Corporate entity is formed.
  • Decision or Board resolution of the competent authority of the corporate entity authorising a representative or manager with Power of Attorney duly notarised and legalised.
  • Passport copy of the representative or manager.
  • The above documents should be certified by the Chamber of Commerce and the UAE Embassy in the Country of origin.

B. The Free Zone Authority being satisfied that the relevant documents are submitted, shall register the FZE and issue a Certificate of Registration and a Free Zone Licence.

(2) FREE ZONE COMPANY FZC:

Licences under this category are issued to Free Zone Companies incorporates within the Free Zone in accordance with the Amiri Decree.

Such company enjoys a separate legal identity and the liability of its owner is limited to the value of the paid up shared capital.

(3) BRANCH OF A LOCAL COMPANY BLC/BRANCH OF A FOREIGN COMPANY BFC:

BRANCH OF A LOCAL COMPANY BLC:

Licences under this category are issued to companies holding a valid licence from any UAE licensing authority except from other Free Zones.

BRANCH OF A FOREIGN COMPANY BFC:

Licences under this category are issued to companies established outside the UAE. The ownership of the company should be 100% foreign. However, sales can be made through a UAE registered agent or a distributor only. The activity may be commercial, industrial or professional/services.