Starter – 0 Visa
Licence only · upgrade to visas anytime
AED 5,565
- Trade licence & registration
- Upgrade to visas anytime
- Company name reservation
- Flexi-desk / office options
- GoldenKey PRO support
FREE ZONE · AJMAN
Ajman Free Zone Company Formation for Icelanders
Guide for Icelandic founders · around 9 to 10 hours with one stop from Reykjavík
5–7 daysSetup time100%OwnershipUp to 10 visasVisas
- 5–7 daysSetup time
- Free ZoneLicence type
- Flexi | PhysicalOffice / facility
- Up to 10 visasVisa eligibility
- StandardApprovals needed
- From AED 5,565Renewal cost
About Ajman Free Zone
Why Ajman Free Zone
Put simply, if you are weighing up where to register in the UAE, Ajman Free Zone deserves a close look for its among the most affordable in the UAE and straightforward renewal process. An Ajman Free Zone company can be owned entirely by foreign nationals, needs no local sponsor and can start trading internationally as soon as the licence is issued. On the ground, the most common businesses Icelanders open through GoldenKey are in seafood exports, aviation, geothermal technology and software, although Ajman Free Zone supports almost any activity. Payments between Iceland and the UAE are routine: the dirham is pegged to the dollar, Icelandic króna (ISK) transfers settle quickly and UAE banks are familiar with Icelandic business profiles.
Unlike some zones, Ajman Free Zone does not require a large paid-up capital to be blocked in a bank account before the licence is granted. One of the reasons we suggest Ajman Free Zone is its among the most affordable in the UAE, which matters more than most founders realise once the business is running. In practice, for Icelanders, the practical advantages of Ajman Free Zone are the ease of travel between Iceland and the UAE, English is used for all UAE business, and a banking system that processes Icelandic króna (ISK) transfers daily.
Packages & cost
Pricing — choose the right package for your business
Use the table below to compare packages for Ajman Free Zone company formation for Icelanders; we will confirm the exact total for your case in a written quotation. All prices for Ajman Free Zone company formation for Icelanders are indicative, shown in AED and confirmed in writing before any payment.
License Plus – 1 Visa
1 residence visa · 1-year licence
AED 13,141
- Trade licence & registration
- Establishment card included
- 1 visa eligibility
- Flexi-desk / office options
- GoldenKey PRO support
License Plus – 2 Visas
2 residence visas · 1-year licence
AED 17,181
- Trade licence & registration
- Establishment card included
- 2 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License Plus – 3 Visas
3 residence visas · 1-year licence
AED 23,242
- Trade licence & registration
- Establishment card included
- 3 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License Plus – 4 Visas
4 residence visas · 1-year licence
AED 26,272
- Trade licence & registration
- Establishment card included
- 4 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License Plus - 5 Visas
5 residence visas · 1-year licence
AED 31,323
- Trade licence & registration
- Establishment card included
- 5 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License Plus - 6 Visas
6 residence visas · 1-year licence
AED 36,898
- Trade licence & registration
- Establishment card included
- 6 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License Plus - 7 Visas
7 residence visas · 1-year licence
AED 42,898
- Trade licence & registration
- Establishment card included
- 7 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License Plus - 8 Visas
8 residence visas · 1-year licence
AED 49,898
- Trade licence & registration
- Establishment card included
- 8 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License Plus - 9 Visas
9 residence visas · 1-year licence
AED 56,898
- Trade licence & registration
- Establishment card included
- 9 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
License Plus - 10 Visas
10 residence visas · 1-year licence
AED 63,898
- Trade licence & registration
- Establishment card included
- 10 visa eligibilities
- Flexi-desk / office options
- GoldenKey PRO support
Special Offer Package
1 residence visa · 1-year licence
AED 11,000
- Trade licence & registration
- Establishment card included
- 1 visa eligibility
- Flexi-desk / office options
- GoldenKey PRO support
Freelancer Package 0 Visa
Licence package
AED 6,010
- Trade licence & registration
- Company name reservation
- Company name reservation
- Flexi-desk / office options
- GoldenKey PRO support
Freelancer Package 1 Visa
Licence package
AED 12,131
- Trade licence & registration
- Company name reservation
- Company name reservation
- Flexi-desk / office options
- GoldenKey PRO support
Prices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-28.
Business activities
Explore 1,815 business activities in Ajman Free Zone
Ajman Free Zone lets you combine related activities on one licence. Search by what your business does — in English or Arabic — and quote the GK code when you ask for a quotation.
GK-AFZ-001General Trading Import & ExportGeneral TradingGK-AFZ-002Telecommunication Systems Equipment Installation and MaintenanceServicesGK-AFZ-003Installation and maintenance of equipment and instrumentation and controlServicesGK-AFZ-004Wireless Communication Devices And Equipment TradingCommercialGK-AFZ-005Retail sale of Alarm and Surveillance Apparatuses and EquipmentsCommercialGK-AFZ-006Wholesale of Electronic Devices Trading For SpecializationsCommercialPopular choices · 1,815 activities availableAll 1,815 Ajman Free Zone activities
Required documents
Documents required
Importantly, gather these documents and GoldenKey will take care of the rest of Ajman Free Zone company formation for Icelanders.
Scanned colour copies are enough to start. We check every item before anything is submitted.
For individuals
- A passport issued by Iceland with at least six months' validity
- The UAE entry stamp or visa page if you are already in the countryif applicable
- A short business plan or activity description for certain professional activitiesif applicable
- Proof of address such as a utility bill or bank statement, requested by some zonesif applicable
- A no-objection certificate from your employer if you hold a UAE employment visaif applicable
- Attested parent-company documents and a board resolution if the shareholder is a companyif applicable
For companies
- Certificate of incorporation (attested)
- Memorandum & articles of association
- Board resolution approving the UAE company
- Passport copies of shareholders & directors
- Company profile / business plan
Our process
How Ajman Free Zone works with GoldenKey
- 1
Consultation and activity selection
In our experience, we confirm that your activity is available in Ajman Free Zone, choose the licence type and agree the visa package and office option that match your plan.
- 2
Name reservation and initial approval
From day one, your trade name is reserved with the Ajman Free Zone authority and initial approval is obtained; this stage rarely takes more than two working days. Expect clear updates from your GoldenKey consultant while this step runs for Ajman Free Zone company formation for Icelanders.
- 3
Document submission and payment
You sign the application forms and memorandum, we submit the attested paperwork and the licence fee is paid to the authority.
- 4
Licence issued and next steps
Ajman Free Zone issues the licence, incorporation certificate and lease; from there we open the establishment card, process visas and arrange your bank introduction. For Ajman Free Zone company formation for Icelanders, GoldenKey completes this stage with you on WhatsApp or by email.
Frequently asked questions
Frequently asked questions
Straight answers about Ajman Free Zone. Anything else — ask GK AI or message us.
View all FAQsHow long does the Ajman Free Zone licence take?
Once your supporting documents are complete, the authority typically issues the licence within 3 working days (Monday to Friday). Visas and bank account opening follow afterwards.
Is an audit required for a Ajman Free Zone company?
Crucially, requirements vary by zone and by company size. GoldenKey will confirm the current Ajman Free Zone rule when we prepare your quotation, and we provide bookkeeping if you need accounts in any case for corporate tax.
Can I open a UAE bank account with a Ajman Free Zone company?
Yes, Ajman Free Zone companies open accounts with UAE banks every day. Approval depends on the bank's compliance review of your profile, business plan and documents, and GoldenKey prepares the file and introduces you to a suitable bank.
Can my family from Iceland join me?
On the ground, once your investor visa is issued you can sponsor your spouse and children, and GoldenKey processes their visas alongside yours.
Do Icelanders need a UAE visa before applying for Ajman Free Zone?
No. You can apply for the licence from Iceland with scanned documents, and the investor residency visa is processed afterwards.
Get a free quote
Ready to start your business in Ajman Free Zone?
Day to day, if you would like a written quotation for Ajman Free Zone company formation for Icelanders, use the form below or message us on WhatsApp and we will respond as soon as possible.
Good to know
More about Ajman Free Zone
Why the UAE
Since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so Ajman Free Zone company formation for Icelanders no longer requires a local partner. Banking, logistics, telecoms and digital government services in the UAE are among the most advanced in the region, which keeps the running costs of Ajman Free Zone company formation for Icelanders predictable.
Why GoldenKey
GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with Ajman Free Zone company formation for Icelanders, so the paperwork, approvals and timing hold no surprises for us. We speak the languages our customers speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for Ajman Free Zone company formation for Icelanders. GoldenKey's consultants have handled Ajman Free Zone company formation for Icelanders for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves quickly.
