Ajman Free Zone is one of the leading destinations for setting up companies in the UAE, offering a unique business environment that combines economic benefits with advanced infrastructure. Setting up a company in Ajman Free Zone is an interesting strategic option for many investors, both local and foreign, who are looking to benefit from exceptional advantages that help them achieve their business goals.

Ajman Free Zone offers a range of benefits that make it very attractive to investors. First, the free zone allows full ownership of the company by foreign investors without the need for a local partner, which is an important advantage that contributes to ensuring complete control over the project. The free zone also offers comprehensive tax exemptions on profits and revenues, which helps companies reduce operating costs and increase their profitability.

Moreover, Ajman Free Zone offers simplified and fast incorporation procedures, saving valuable time for investors and facilitating the process of starting a business. The zone also provides modern infrastructure including offices, warehouses, and logistics facilities, supporting companies in achieving smooth and efficient business operations.

Ajman’s strategic location enhances access to new markets, thanks to its proximity to major ports and economic hubs in the UAE. In short, establishing a company in Ajman Free Zone offers investors a golden opportunity to benefit from a thriving and opportunity-filled business environment, contributing to the success of their projects and expanding their business in the global market.

 

Steps to establish a company in Ajman Free Zone

Here are the general steps to establish a company in a free zone in Ajman:

• Choosing the type of company: Before starting the incorporation process, choose the type of company that is appropriate for your business (sole proprietorship, limited company, partnership, etc.).
• Choosing a company name: Choose a company name that complies with the rules and regulations of company registration in Ajman Free Zone.
• Define the business activity: Define the company’s activity accurately, as the business activities that the company will carry out must be clarified.
• Identify shareholders and responsibilities: Identify shareholders, responsibilities, and shares in the company.
• Determine the location: Decide on the location of the company in the Ajman Free Zone and ensure that it complies with local regulations.
• Submitting the application: Submit the company establishment application to the relevant authority in the Ajman Free Zone.
• Submitting the required documents: You may need to submit documents such as the shareholder’s passport, application form, lease agreement, and any other required documents.
• Pay the fees: Pay the fees required to establish the company in Ajman Free Zone.
• Waiting for approval: After submitting the application and documents, wait for official approval from the local authorities.
• Receiving the license: After approval, you will receive the company establishment license, and you can start practicing business.

Documents for establishing a company in the Ajman Free Zone

To establish a company in Ajman Free Zone, you need to submit a set of basic documents. Below is a list of documents that are often required:

1. Establishment application form: This is filled out by the company and includes details about the business activity and the owners’ data.
2. Copy of Passport: A colour copy of the passport of all shareholders and directors of the company.
3. Personal Photos: Recent personal photos of company owners and investors, may be required for work and residence visas.
4. Office Lease Contract: A lease contract for an office or workspace in the free zone, which proves the company’s address.
5. Business Plan: A document that details the business activity, goals, and business strategy.
6. Bank authorization: A document stating that a bank account has been opened in the company’s name in one of the approved banks.
7. Fees and costs: Proof of payment of the fees required for registration and licensing.
8. No Objection Certificate: If one of the partners works for a government entity, a No Objection Certificate from the employer may be required.
9. Founders’ Documents: Personal documents of all founders or shareholders of the company, including any documents proving the legal and commercial status of individuals or legal entities.
10. Articles of Association and Memorandum of Association: The company’s articles of association and memorandum of association that explain the company’s structure, the rights and duties of shareholders, and the management of the company.
11. Parent company documents: In the event of establishing a branch of an international company, documents proving the registration of the parent company, such as the commercial register, must be submitted.

Cost of establishing a company in Ajman Free Zone

Establishing a company in the Ajman Free Zone involves a range of costs that depend on the type of company, its size, and the requirements of the business activity. Below is an overview of the basic costs associated with establishing a company in this zone:

1. Registration and Licensing Fees: This includes the initial registration fees for the company and obtaining the required license to operate the business. These fees vary depending on the type of company and business activity.
2. Office Rent: Companies need to rent an office or workspace in the free zone. The rental cost varies depending on the size of the office and the location within the free zone.
3. Visa Fees: Costs include fees for issuing work and residence visas for employees and company owners. Fees vary depending on the number and type of visas required.
4. Legal and accounting services costs: These costs include legal consultations to document contracts and provide advice, in addition to accounting services to prepare financial reports and audit.
5. Insurance costs: Businesses may need to purchase insurance such as general liability insurance or property insurance, and these costs depend on the type of insurance and its terms.
6. Notarization and translation fees: Some documents require notarization or official translation, which requires additional fees.
7. Office fit-out costs: These costs include purchasing the furniture and equipment needed to operate the office.

Advantages of establishing a company in the Ajman Free Zone

Establishing a company in the Ajman Free Zone offers a range of advantages that make it an attractive option for investors and entrepreneurs. Here are the most prominent advantages:

• Full Foreign Ownership: Ajman free zones offer 100% foreign ownership without the need for a local partner, giving investors complete control over their business.
• Tax Exemptions: Free zones offer exemptions from income and profit taxes, as well as exemption from value-added tax (VAT) in many cases, which helps reduce operating costs.
• Ease of transfer of profits and capital: Profits and capital are allowed to be transferred abroad without restrictions, making it easier for companies to manage their funds and expand into global markets.
• Simplified regulatory environment: Free zones help speed up bureaucratic procedures and simplify the registration and licensing process, reducing the time and effort required to establish a company.
• Advanced Infrastructure: Free zones provide modern infrastructure including equipped offices, logistics facilities, and advanced communication services, which enhances the efficiency of companies’ operations.
• Visa Facilitation: Free zones provide facilities for obtaining work and residence visas for employees and business owners, which contributes to attracting talent and meeting business needs.
• Competitive costs: Ajman free zones offer low set-up and operating costs compared to some other areas, making them an economical choice.
• Easy access to markets: Ajman is strategically located to provide access to regional and international markets, enhancing the ability of companies to expand and grow.
• Government support: Companies benefit from government support including guidance and advice to facilitate procedures and ensure compliance with laws.
• Security and Safety: Free zones provide a safe and secure environment, helping to protect assets and business information.
• Integrated Business Network: Free zones provide a network of integrated services such as banks, legal advice, and insurance, which facilitates the daily management of businesses.

In conclusion, setting up a company in Ajman Free Zone is an ideal option for investors seeking to benefit from a favorable and supportive business environment. Ajman Free Zone offers a range of benefits that make it an attractive destination for both local and international investors. One of the most notable of these benefits is full company ownership, which allows foreign investors to own their company entirely without the need for a local partner, which enhances independence and allows for the achievement of business objectives with complete freedom.

Ajman Free Zone is among the preferred options due to the low costs of registration and licensing procedures, making it suitable for startups and new investors. In addition, the free zone offers comprehensive tax exemptions, including no taxes on profits, which reduces operational costs and increases business profitability.

Modern infrastructure and advanced facilities contribute to enhancing business efficiency, with various facilities including office spaces, warehouses and logistics facilities. In addition, facilitation of issuing work and residence visas contributes to attracting specialized talent and enhancing operational efficiency.

Moreover, Ajman’s strategic location is an important gateway to local and international markets, providing ample opportunities for expansion and growth. Ajman Free Zone provides a favorable business environment that supports innovation and expansion, making it a great choice for investors looking for an opportunity to establish a company in a dynamic and growing market.

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