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.
Onshore trade licenses are generally available with 49% foreign ownership, requiring a local partner or sponsor.
[3] A legislative change announced in May 2018 allowed for 100% foreign ownership of onshore businesses, alongside a 10-year 'Golden' residency visa for certain categories of investor and professionals.
[6] The UAE levies a 5% Value Added Tax, from which companies at AFZA are exempt when trading between free zones or internally.
[9] A number of international representative, sales and promotion offices support new registrations to the Zone.