Ajman Free Zone is one of the leading destinations for setting up businesses in the UAE, offering an ideal environment for investors and entrepreneurs looking to start their businesses in a market that is full of economic opportunities. The free zone is located in the heart of Ajman, a strategic location that connects the markets of the Middle East, Asia and Africa, making it an ideal starting point for businesses looking to expand and connect with new markets.

Ajman Free Zone offers a range of benefits that make it easy to set up a business, from full tax exemptions on profits and income, to full foreign ownership of companies, to simple and efficient business setup procedures. Thanks to these facilities, investors can focus on developing their businesses without facing the legal or administrative hurdles that they may face in other regions.

Ajman Free Zone offers a wide range of licensing and business activity options, providing great flexibility for companies looking to enter various sectors, from trade and services to industry and technology. Modern infrastructure and integrated facilities, including business centers, warehouses and logistics facilities, provide strong support for startups and those looking to expand.

In this article, we will discuss the details of the advantages and steps of establishing a company in the Ajman Free Zone, focusing on the main benefits and procedures necessary to facilitate the registration process, allowing investors to make the most of the potential offered by this advanced region. By understanding these aspects, investors can take informed steps towards achieving success in a thriving business environment built on a strong foundation of support and facilities.

 

Advantages of establishing a company in Ajman Free Zone

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

• Tax Exemptions: Ajman Free Zone offers complete tax exemption on profits, which contributes to enhancing companies’ profitability and reducing financial burdens.
• Full foreign ownership: Foreigners can own 100% of the company’s shares without the need for a local partner, giving them complete control over the company’s management and strategic decision-making.
• Ease of procedures: The free zone is characterised by simplified and quick establishment procedures, which saves time and effort for investors and enhances the efficiency of the establishment process.
• Advanced Infrastructure: The free zone provides a modern infrastructure that includes offices, warehouses, and advanced logistics facilities, which contributes to improving companies’ operations and meeting their operational needs.
• Access to global markets: Thanks to its strategic location close to ports and airports, the free zone provides easy access to local and international markets, enhancing opportunities for expansion and growth.
• Customs facilities: The free zone offers customs facilities including exemption from customs duties on the import and export of goods, which contributes to reducing trade costs.
• Flexible Business Environment: The free zone provides a supportive and flexible business environment that fosters innovation and growth, making it suitable for a variety of business activities.
• Government Support: Companies benefit from government support including advisory and guidance services, which helps facilitate procedures and compliance with regulations.
• Business networking opportunities: The free zone provides an opportunity to network and collaborate with other companies, enhancing the potential for business partnerships and exchange of expertise.
• Safety and stability: The free zone provides a safe and stable business environment thanks to stable government policies and advanced infrastructure.

Steps to establish a company in Ajman Free Zone

Establishing a company in the Ajman Free Zone requires following a series of organized steps to ensure the successful completion of the process. Here are the steps for establishing a company in the Ajman Free Zone:

1. Determine the type of company and business activity: Determine the type of company you wish to establish (such as a limited liability company or a subsidiary).
   Determine the business activity the company will conduct, as the type of activity determines the type of license required.
2. Prepare a business plan: Prepare a detailed business plan that includes the company’s goals, marketing strategies, and financial projections. This plan helps clarify the company’s vision and how it will be managed.
3. Choosing a company name: Choose a suitable trade name for your company. Make sure that the name complies with the requirements of the free zone and is not similar to the names of other registered companies.
4. Submitting a license application: Fill out the free zone license application form. Make sure to provide all the required information accurately.
5. Gather the required documents: Gather the necessary documents to establish the company, such as passports, articles of association, proof of address, and lease agreement. Make sure that all requirements are met.
6. Pay the fees: Pay the required licensing and incorporation fees. These fees include registration, licensing, and administrative costs.
7. Submitting documents to the free zone: Submit all required documents to the free zone administration. These documents may include the license application, articles of association, proof of address, etc.
8. Review approvals and obtain the license: Wait for the documents to be reviewed and approved by the free zone management. It may take some time, so be patient.
9. Signing the lease contract: After obtaining the license, sign the lease contract for the office or commercial space within the free zone.
10. Open a bank account: Open a bank account in the name of the company. You will need to submit incorporation documents and obtain a license to open the account.
11. Visa and Employment Securities: Apply for work visas for company employees. Ensure that all employment and visa requirements are met.
12. Receiving licenses and starting work: After completing all the steps and obtaining the final licenses, you can start operating your company and start commercial activities.

Documents for establishing a company in the Ajman Free Zone

To establish a company in Ajman Free Zone , a set of basic documents are required to ensure the process is completed successfully. The exact requirements may vary depending on the type of company and business activity, but in general, the documents include the following:

1. License Application: The free zone license application form, which must be completed and submitted along with the other documents.
2. Passports: Color copies of passports of all partners, directors and key employees of the company.
3. Company Articles of Association: The company’s articles of association or partnership agreement that sets out the details of the partners and their percentage of ownership. It is a legal document that specifies how the company is managed and shares are divided.
4. Business Plan: A detailed business plan that includes the company’s goals, type of activity, marketing strategies, and financial projections. This plan helps clarify the company’s vision and future direction.
5. Proof of address: Documents proving the residential address of partners and managers, such as a utility bill or lease.
6. Lease Agreement: A lease contract or document proving the lease of the required office or commercial space within the free zone.
7. Identity Certificates: You may need to provide national identity certificates or ID cards for citizens and residents.
8. Government Approval: In some cases, approvals may be required from relevant government agencies, depending on the type of business activity.
9. Good Conduct Certificates: Some free zones may require good conduct certificates or criminal background checks for key partners or managers.
10. Incorporation fees: Documents proving payment of fees related to establishing the company, including licensing fees and administrative procedures.

Cost of establishing a company in Ajman Free Zone

The cost of establishing a company in the Ajman Free Zone depends on several basic factors that vary according to the type of company, its size, and the services required. Here are the most important elements that affect the cost of establishment:

• Licensing fees: These include the application fees for a business license and registration, which may vary depending on the type of license and the company’s activity.
• Rental costs: Depends on the location and size of the office or warehouse required in the free zone. These costs usually include the annual rent for commercial or industrial space.
• Administrative costs: These include registration fees, documentation fees, and issuance of official documents required to establish the company. You may also need to pay fees for additional services such as legal certifications.
• Insurance costs: These can include property insurance or liability insurance, which are necessary to protect the company from potential risks.
• Support and consulting services: If you rely on consultants or lawyers to assist you with the incorporation procedures, the costs of these services will be added to the total cost.
• Work visa costs: Includes fees for issuing work visas for employees, which depend on the number of people and visa requirements.
• Operating costs: These may include additional operating costs such as utilities and general services, which are necessary to ensure the daily operation of the company.

In conclusion, it is clear that establishing a company in the Ajman Free Zone is a strategic investment option for investors seeking to benefit from a developed business environment and competitive advantages. The Ajman Free Zone offers a range of benefits that make it an ideal destination for launching new projects and achieving commercial success.

One of the most notable advantages is the complete tax exemption, which allows companies to maintain their profits and enhance their competitiveness. The free zone also provides complete freedom in company ownership, allowing foreign investors to own 100% of the company’s shares without the need for a local partner, which enhances management flexibility and decision-making.

The procedural facilities available in the free zone also contribute to accelerating the establishment process, enabling investors to start their businesses quickly and efficiently. In addition, the zone provides a modern infrastructure including offices, warehouses, and logistics facilities, which contributes to improving the performance of business operations and facilitating access to local and global markets.

The proximity of the free zone to major ports and airports enhances the ease of transporting goods and reduces shipping costs. The available customs facilities also contribute to simplifying import and export operations, which adds significant value to trade operations.

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