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Establishing a company in Ajman Free Zone

٢٢ يناير Establishing a company in Ajman Free Zone

Ajman Free Zone is one of the distinguished investment destinations in the United Arab Emirates, offering exceptional opportunities for investors and businessmen wishing to establish their companies. This area enjoys a strategic location near ports and airports, facilitating access to local and international markets. Thanks to its encouraging investment environment, Ajman offers a variety of advantages that make establishing a company there an attractive option.

Ajman Free Zone is distinguished by its flexible administrative system, which allows foreign investors to establish their companies with full ownership, without the need for a local partner. This reflects the government’s commitment to enhancing the business environment and supporting investors. In addition, the free zone provides attractive tax exemptions, as it does not impose taxes on profits or income, which increases the attractiveness of investing in it.

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The advantages of establishing a company in Ajman Free Zone also include the ease of obtaining a commercial license, as procedures can be completed quickly and efficiently. The free zone also provides advanced infrastructure and modern facilities that support various business activities, including trade, industry, and services.

Ajman Free Zone also offers a range of support services, such as administrative and legal support, making it easier for investors to focus on developing their businesses. Given these factors, Ajman Free Zone stands out as an ideal destination for investors looking to establish successful and thriving companies in a stimulating and secure environment.

Steps to establish a company in Ajman Free Zone

To establish a company in Ajman Free Zone, specific procedures must be followed and local regulations must be adhered to. Here are the general steps to establish a company in Ajman Free Zone:

Choosing the type of company: First of all, decide on the type of company you want to establish, such as a limited liability company, a sole proprietorship, or a partnership.

Determining the business activity: Determine the business activity you want to practice.

Choosing the company name: Make sure to choose a unique and appropriate name for your company and make sure it is not repeated with other company names.

Determining ownership: Determine the percentage of foreign ownership in the company and ensure compliance with foreign ownership requirements.

Obtaining a free zone permit: Contact the Ajman Free Zone Authority and obtain the necessary permits to establish the company.
Submitting Documents: Submit the required documents such as the application form for establishment, passport, ownership documents, and a business plan.
Signing Contracts: Sign the necessary contracts with the local authorities in the free zone.
Paying Fees: Pay the required fees to establish the company in the free zone.
Receiving the License: After fulfilling all the conditions, you will obtain your company license in the Ajman Free Zone.

Required Documents to Establish a Company in the Ajman Free Zone

To establish a company in the Ajman Free Zone, there are a set of required papers and documents. Here is a list of the most important documents you need:

Registration Application Form: The application form for establishing the company in the free zone must be filled out.
Copy of Passport: Copies of passports must be submitted for all shareholders and directors of the company.
Personal Photos: Recent personal photos of shareholders and directors.
Business Plan: A document detailing the business activity, operational plans, and target markets.
Lease Contract: A lease contract for an office or commercial space within the free zone, specifying the area and location.
Identity Documents: Such as an Emirates ID or proof of residence documents.
Official authorization: If there is an agent or authorized person to submit the application, an official authorization must be submitted.
Necessary approvals: Some commercial activities may require additional approvals from the competent authorities (such as the Ministry of Health or the Ministry of Economy).
Documents specific to specific activities: Some special activities may require additional documents such as professional certificates or other licenses.
Copy of academic certificates: Some activities may require copies of academic certificates for shareholders or directors.

Cost of establishing a company in Ajman Free Zone

The cost of establishing a company in Ajman Free Zone is affected by several factors, making it variable based on the needs and type of business activity. Here are some factors that affect the cost of establishment:

Type of commercial license: License costs vary depending on the type of business activity, as different activities require different types of licenses.

Office rent: Establishing a company requires obtaining an office space, and rental costs vary depending on the location and size of the required space.

Government fees: These include registration costs, license renewals, and other fees required by government agencies.

Consulting services: You may need consulting or legal services, which adds to the total cost.

Insurance: Some businesses may require insurance, which increases costs.

Employee costs: If you plan to hire employees, you must calculate the costs of salaries and benefits.

Additional approvals: Some activities require additional approvals, which may increase the cost of establishment.

Initial operating expenses: These include the cost of equipment, furniture, and materials needed to start the business.

Our company’s services for establishing a company in the Ajman Free Zone

Here are some of our company’s services for establishing a company in the Ajman Free Zone:

Legal and administrative consultations: We provide comprehensive consultations to help you understand the legal and administrative requirements for establishing your company, and ensure compliance with local laws.
Preparing the required documents: We prepare and prepare all the documents necessary for establishing the company, including the business plan, articles of association, and registering the trade name.
Submitting a commercial license application: We handle the process of submitting a commercial license application to the competent authorities, which facilitates the procedures for you and ensures the speed of obtaining the necessary approvals.
Company registration services: We provide company registration services in the Ajman Free Zone, including registration under various commercial activities.
Office provision: We help you find suitable office spaces in the Ajman Free Zone, whether physical offices or virtual offices.
Accounting and tax services: We provide accounting and financial reporting services to ensure sound management of your business and provide support in the field of tax compliance.
Work and residence visas: We help you obtain work and residence visas for you and your employees, which makes it easier for you to manage the human side of your business.
Marketing and Promotional Support: We provide marketing consulting and services to help you promote your company and increase brand awareness.
Continued Support After Establishment: We provide ongoing support services after the company is established, ensuring that you benefit from our services at all stages of your business growth.
Providing Customized Solutions: We tailor our services to your specific needs, ensuring that you receive the right support that suits the nature of your business.

In conclusion, establishing a company in the Ajman Free Zone is an exciting and attractive option for aspiring investors. The Ajman Free Zone provides a dynamic and encouraging business environment, allowing foreigners unique opportunities to enjoy full ownership of their companies. This opportunity comes with many advantages, including tax exemptions, ease of procedures, and advanced infrastructure, making the free zone an ideal starting point for businesses.

Establishing a company in the Ajman Free Zone requires careful planning and a clear understanding of the legal and administrative requirements. These requirements include choosing the right business activity, preparing the necessary documents, and applying for a commercial license. Working with local consultants or business services offices is an important step to facilitate this process and ensure compliance with local laws.

Moreover, Ajman Free Zone is not only a place to establish a business, but also an ideal platform for expansion and growth. It allows many companies to benefit from its proximity to major markets, and provides partnership opportunities with many other companies. Ajman also enjoys a strategic location that makes it a vital commercial hub in the UAE.

Ultimately, it can be said that establishing a company in Ajman Free Zone is a strategic step towards success in the business world. With the right plan and taking advantage of the available advantages, investors can build successful and prosperous projects that contribute to strengthening the local economy and meeting the needs of the market. Therefore, now is the best time to start this exciting business adventure.

The most important frequently asked questions about establishing a company in Ajman Free Zone

What is Ajman Free Zone?
It is a specialized commercial area that provides an encouraging environment for investment, as it offers benefits such as full ownership and tax exemptions.

What types of companies can be established in the free zone?
A variety of companies can be established, including commercial companies, service companies, and industrial companies.

Can foreigners fully own a company in Ajman Free Zone?

Yes, foreign investors can have full ownership of companies without the need for a local partner.

How long does it take to set up a company?
The process of setting up a company usually takes from a few days to weeks, depending on the speed of completing the documents and procedures.