Establishing a company in Ajman Free Zone

Establishing a company in the Ajman Free Zone is an easy and flexible process, and it includes several basic steps that require some documents and procedures. Here are the main steps:

• Choose the type of business activity: Determine the type of business activity you wish to engage in, as activities vary between commercial, industrial, and service.
• Choose the type of company: Choose the type of company you want to establish, whether it is a limited liability company (LLC), a branch of a foreign company, or other available legal forms.
• Company name: Choose a suitable name for your company and keep several options. The availability of the required name must be verified and reserved with the free zone authorities.
• Submitting the required documents: Submit the required basic documents such as a copy of the passport, personal photos, business plan, and incorporation application form. Documents required may vary based on the type of company and business activity.
• Obtaining approvals and licenses: Submit applications to obtain the necessary approvals from the relevant authorities in the free zone, and obtain the necessary licenses to conduct business activity.
• Signing leases: Choose an office or workspace within the free zone and sign leases appropriate to your business needs.
• Opening a bank account: After obtaining licenses, open a bank account for your company in one of the approved banks in the UAE.
• Issuance of a commercial license: After meeting all the requirements, you will obtain the commercial license that enables you to legally start your business in the Ajman Free Zone.
• Starting commercial operations: After completing all the steps and obtaining the license, you can start your commercial operations and benefit from the benefits and facilities provided by the Ajman Free Zone. These steps ensure that you establish your company in a flexible and supportive work environment that contributes to the success and development of your business.

The importance of establishing a company in the Ajman Free Zone

Establishing a company in Ajman Free Zone offers many benefits that make it an attractive option for investors and entrepreneurs from all over the world. Here are some reasons why it is important to establish a company in this region:

• Ajman Free Zone provides full tax exemptions on personal and corporate income, which enhances the competitiveness of companies and increases financial returns for investors.
• The free zone allows foreign investors to fully own their companies without the need for a local partner, providing them with complete freedom to manage their business and make decisions.
• The procedures for establishing companies in the Ajman Free Zone are characterized by simplicity and speed, with continuous support from the relevant authorities to facilitate the registration process and obtaining licenses.
• Ajman is centrally located near major ports and airports, facilitating access to local and international markets, and enhancing the efficiency of transportation and distribution operations.
• Ajman Free Zone provides a modern and advanced infrastructure that includes offices, warehouses, industrial spaces, and integrated logistical services that support the growth and expansion of companies.
• The free zone offers a supportive work environment that includes specialized consulting and administrative services, in addition to strong communication networks and opportunities for cooperation and partnerships with other companies.
• Ajman Free Zone provides various economic incentives that include reductions in rental and service costs, which reduces operational costs and increases profitability.
• Ajman Free Zone supports a wide range of economic sectors, allowing investors to choose the appropriate business activity and expand their business in a diverse environment.

Documents required to establish a company in Ajman Free Zone

Establishing a company in the Ajman Free Zone requires submitting a set of necessary papers and documents. These papers vary slightly depending on the type of business activity and the type of company to be established, but in general, the required papers include the following:

1. Fill out the establishment application form available through the free zone’s website or through its offices.
2. Provide copies of the passports of all shareholders and directors of the company.
3. Recent personal photographs of all shareholders and directors (passport size).
4. If one of the shareholders is a legal entity (another company), a copy of the commercial register or registration certificate of that company must be submitted.
5. Submitting a detailed business plan that explains the nature of the business activity, the company’s objectives, and the strategy followed to achieve those objectives.
6. Preparing and submitting the company’s articles of incorporation and articles of association, explaining the organizational structure, ownership percentages, rights and duties.
7. If the application is submitted through a legal agent, a copy of the legal power of attorney signed by all shareholders must be submitted.
8. Submitting a trade name reservation certificate after obtaining initial approval from the free zone authority.
9. Some commercial activities may require additional initial approvals from the relevant authorities or ministries.
10. A copy of the office or warehouse lease contract within the free zone, if the company requires a work space.
11. Submit receipts for payment of fees required for the incorporation and company registration process.

How to obtain a commercial license in Ajman Free Zone

Obtaining a commercial license in the Ajman Free Zone requires following specific steps and adhering to some procedures. Here are the main steps to obtain a commercial license:

• Determine the type of business activity you wish to practice in the Ajman Free Zone, whether commercial, industrial or service.
• Choose the type of company you want to establish (such as a limited liability company, a branch of a foreign company, etc.).
• Submit a request to reserve the proposed trade name for your company. The name must be unique and not used by any other company.
• Fill out the incorporation application form available on the Ajman Free Zone website or through its offices.
  Submit the required documents:
• Submit all required papers and documents as mentioned previously (copies of passports, personal photos, business plan, articles of association and articles of association, etc.).
• Obtain initial approvals from the relevant authorities if your business requires it.
• Choose a workspace within the free zone (office, warehouse, factory, etc.) and sign the lease agreement. Be sure to submit a copy of the lease agreement with the application.
• Pay the fees required to register the company and obtain a commercial license. Fees vary based on the type of activity and company size.
• Submit fee payment receipts along with other documents to the relevant authorities in the free zone.
• The competent authorities review and audit the submitted documents to ensure that all requirements are met.
• After the application and documents are approved, the business license will be issued to you, and you can legally start your business operations in the Ajman Free Zone.

Economic sectors allowed in the Ajman Free Zone

Ajman Free Zone supports a wide range of economic sectors, making it an attractive destination for investors from various fields. Here are some of the main economic sectors allowed:

Commercial sector

• General Trading
• Food trade
• Trade in electronics and electrical appliances
• Fashion and clothing trade
• Trade in office supplies and educational supplies

Industrial sector

• Transformative Industries
• Food Industry
• Manufacture of pharmaceuticals and medical supplies
• Plastics and chemicals industry
• Metal and aluminum industry

Service sector

• Administrative and financial consulting services
• Marketing and advertising services
• Technology and information services
• Education and training services
• Health and medical services

Logistics sector

• Transportation and shipping services
• Warehousing and distribution services
• Integrated logistics services

Real estate sector:

• Real estate development
• Real Estate Management
• Investing in residential and commercial real estate

Tourism sector:

• Hotel and resort management
• Organizing tourist trips
• Travel and tourism services

the financial sector:

• Banks and financial institutions
• Insurance companies
• Finance and investment companies
• The Ajman Free Zone always seeks to provide a stimulating and diverse work environment, giving investors the opportunity to benefit from the facilities and benefits provided to achieve their successes in various fields.

Itqan Company services in establishing companies in the free zone

Itqan Company offers a comprehensive range of services that meet the needs of investors and entrepreneurs wishing to establish their companies and invest in Dubai and the Ajman Free Zone. Thanks to its extensive experience and deep knowledge of local regulations and laws, Itqan Company ensures the provision of integrated and distinguished services that include the following:

Legal and commercial consultations

1. Providing specialized legal and commercial consultations to help clients choose the most appropriate legal structure for their business activity.
2. Guiding investors on the best practices and legal requirements for establishing companies in the free zone.

Procedures for establishing companies

1. Assistance in preparing and submitting all papers and documents required to establish the company.
2. Follow up on all administrative procedures and communicate with the relevant authorities to ensure that the establishment process runs smoothly.
3. Providing trade name reservation services and obtaining initial and final approvals.

Issuing commercial licenses

1. Assistance in obtaining commercial licenses for all types of commercial, industrial and service activities.
2. Providing license renewal and modification services according to business requirements.
3. Providing office, commercial and industrial spaces within the free zone, in accordance with customer needs.
4. Providing prefabricated office and warehouse rental services at the best prices.

Opening bank accounts

1. Assisting clients in opening bank accounts for their companies in accredited local and international banks.
2. Providing banking consulting services to enable clients to manage their money efficiently.
3. Providing recruitment and human resources management services, including work visas and residence permits for employees.
4. Providing training and development services to employees to enhance their competence and skills.

Logistical and commercial support

1. Providing logistical support services such as transportation, shipping and storage services.
2. Assist in preparing business plans and market studies to identify promising investment opportunities
3. Providing advice and services related to tax compliance and financial reporting.
4. Assist in preparing budgets, financial reports and financial audits to ensure compliance with local regulations.

Establishing a company in the Ajman Free Zone is an excellent strategic choice for investors and entrepreneurs looking for a flexible and encouraging work environment. Thanks to tax exemptions and full company ownership, along with advanced infrastructure and strategic location, Ajman Free Zone provides an ideal opportunity for growth and expansion in the business market. In addition, the facilitation of procedures and the speed of obtaining licenses make establishing companies a smooth and complications-free process. Whether you are thinking about starting a new business venture or expanding your existing business, Ajman Free Zone offers you everything you need to succeed and prosper. With this, you will have put your company on the path to success in one of the most prominent business areas in the United Arab Emirates.

Frequently asked questions about establishing a company in the Ajman Free Zone