01 Mar How to establish a company in Ajman Free Zone
Establishing a company in the Ajman Free Zone. The Ajman Free Zone is characterized by the ease of dealing with approvals and declarations procedures for establishing a company in the Ajman Free Zone, and is characterized by low costs that provide investors with the flexibility to establish companies without the assistance of a national sponsor. The Ajman Free Zone has revolutionized the areas of investment in the UAE through massive industrial expansions. In this article, we discuss the steps and advantages of establishing a company in the Ajman Free Zone.
How to establish a company in Ajman Free Zone
Steps to establish a company in Ajman Free Zone
Establishing a company in Ajman Free Zone involves structured steps aimed at simplifying the process and ensuring compliance with laws and regulations. Here are the steps to establish your company in the free zone:
- Determine the legal form of the company, whether it is a company, a branch of a company, or an institution.
- Choosing a location for the company to operate in that must obtain licenses.
- Choose a company name that meets the conditions.
- Obtaining licenses from the relevant authorities.
- Obtaining initial approval from the relevant authorities to carry out the work.
- Apply for a commercial license.
- Complete the requirements for a commercial license , obtain it, and register as a member of the Chamber of Commerce.
Advantages of establishing a company in Ajman Free Zone
Establishing a company in the Ajman Free Zone provides a range of investment and operational advantages that make it an attractive option for investors and entrepreneurs alike. The most prominent of these advantages are as follows:
- Ajman Free Zone is located in a strategic location at the entrance to the Arabian Gulf.
- Serving eastern and western trade markets.
- Goods are exported from Ajman to 65 countries.
- Provides support services to customers around the clock.
- It has a strong infrastructure and rapid development.
- It provides a business package for investors with the utmost flexibility.
- It has many business sectors such as: food and beverages, automotive, health and beauty, construction, agriculture, education, oil and gas, jewelry, paper and packaging, media, marine sector, textile, advanced technology, chemical industries, and others.
How can we help you establish a company in Ajman Free Zone?
Our business consultants prepare the documents necessary to establish a company in the Ajman Free Zone, which are as follows:
- Licensing form from the competent authorities.
- A statement of the investor’s previous licenses (if he had previous business in the Emirates).
- Electronic form for investor registration.
- A copy of a valid passport.
- A letter of no objection certified by the official authorities.
- Obtaining approval from the relevant authorities.
Looking for more information about establishing a company in Ajman Free Zone?
For more information about establishing a company in the free zone, you can contact us and our business consultants will assist you with all procedures and details.
Opening a commercial register to establish a company in the Ajman Free Zone
To open a commercial register to establish a company in the Ajman Free Zone, you must follow the following steps:
- Determine the type of company: First of all, you must determine the type of company you wish to establish, such as a limited liability company, a sole proprietorship, or a joint stock company.
- Trade name reservation: Reserve the appropriate trade name for your company in the Ajman Free Zone. The availability of the name must be verified and confirmed before proceeding with the incorporation process.
- Preparing the required documents: Prepare all the documents necessary to establish the company, such as a copy of the passport, personal photos, a business plan, the articles of association and the company’s articles of association.
- Submitting the application: Submit the incorporation application and all required documents to the competent authorities in the Ajman Free Zone.
- Obtaining approvals: Once the conditions and criteria are met, you will obtain the necessary approvals from the local authorities to continue the procedures.
- Signing the lease contract: Establishing a company in the Ajman Free Zone requires signing a lease contract for the required work space, and this is considered an important part of the conditions for obtaining a commercial license.
- Payment of fees: Pay the fees required to issue the commercial license and register in the commercial registry.
- Receiving the trade license: After fulfilling all conditions and procedures, you will be able to receive the final trade license that qualifies you to start your commercial activities in the Ajman Free Zone.
Establishing a company in Ajman Free Zone requires careful monitoring and compliance with all local regulations and laws. To ensure that the process runs smoothly, it is recommended to cooperate with the consultants of Itqan Company, which provides specialized consultations in the field of establishing companies in the Emirates.
Types of companies in Ajman Free Zone
| Type of Company | a description |
|---|---|
| Limited Liability Company (LLC) | A company founded by at least two people, which has limited liability for its owners. |
| Sole Proprietorship | A company owned by an individual, who is solely responsible for the company. |
| Joint Stock Company | A company that relies on pooling capital from several shareholders and issuing shares. |
| Subsidiary | A company that is part of a parent company or group, and is subject to its senior management. |
| Agency company | A company that acts as a commercial agent for the products or services of other companies. |
| Partnership | A partnership between several individuals or companies to establish and manage a joint project. |
The requirements for establishing each type of company differ, depending on the type of business activity and the needs of investors. It is always recommended to consult with a local legal advisor or specialized consulting company to ensure that the appropriate corporate structure is chosen and the legal procedures are followed correctly in the Ajman Free Zone.
The importance of investing in the Ajman Free Zone
Investing in Dubai and Ajman Free Zone is considered a strategic choice given the advantages offered by this vibrant economic region in the United Arab Emirates. Ajman Free Zone has several aspects that make it attractive to investors:
- Full tax exemptions, which include income tax, capital and real estate taxes, which helps companies achieve higher profits without the need to pay taxes on profits.
- Ajman Free Zone has advanced infrastructure and integrated facilities that support all types of businesses, facilitating the relocation and operation process with high effectiveness and efficiency.
- Efficient management and flexibility in business regulations, allowing for easy establishment and operation of companies without major legal obstacles.
- A distinguished strategic location on the main highway linking Dubai and Umm Al Quwain, making it a trade and distribution center in the region.
- In addition, Ajman Free Zone offers strong support for innovation, research and development, making it an ideal place for companies seeking to grow and expand in a modern and dynamic business environment.
Advantages of establishing a company in Ajman Free Zone
The time period for establishing a company in the Ajman Free Zone
The duration of establishing a company in the Ajman Free Zone depends on several factors, including the type of company and carefully following the required procedures. The duration usually ranges from two weeks to two months, depending on how quickly the required documents are completed and reviewed by the local authorities in the free zone. It is essential that all documents and transactions are complete and comply with legal requirements to speed up the incorporation process.
With the help of Itqan Company, the process of establishing your company in the Ajman Free Zone can be accelerated. Itqan provides comprehensive services that include guidance on the necessary legal and administrative procedures, and facilitating communication with relevant authorities in the free zone. It can also help you prepare and submit all required documents accurately and in a timely manner, making it easier for you to receive the commercial license as quickly as possible. Benefit from Itqan’s experience in the field of establishing companies and invest with confidence in the Ajman Free Zone.
Frequently asked questions about establishing a company and investing in the free zone
What are the basic steps to establish a company in Ajman Free Zone?
The investor must submit a company registration application to the free zone administration. Preparing and submitting the required documents such as the company incorporation form, passport for shareholders and directors, business plan, and necessary contracts.
Is there a minimum capital required to establish a company in Ajman Free Zone?
In Ajman Free Zone, there are no strict minimum capital requirements, and companies can be of multiple types in terms of investment size.
What types of companies can be established in Ajman Free Zone?
Companies such as limited liability companies, sole proprietorships, joint stock companies, and branches of foreign companies can be established.
What services can companies like Atqan provide to help establish companies in Ajman Free Zone?
- Providing advice in choosing the appropriate type of company.
- Assistance in preparing the documents required for registration.
- Providing support in completing administrative and legal procedures.