29 Jun Establishing a company in the Ajman Free Zone
Establishing a company in the Ajman Free Zone
Establishing a company in the Ajman Free Zone is one of the vital types of investments that attract investors from different nationalities. Ajman Free Zone is characterized by an excellent strategic location at the entrance to the Arabian Gulf, close to the commercial markets in the east and west. In this article, we discuss the most important information about establishing a company in the Ajman Free Zone, the advantages that lie on investors, and the types of companies in the Ajman Free Zone.
Establishing a company in the Ajman Free Zone
There are a variety of companies in the Ajman Free Zone, which is located in the UAE, and the region is considered to have a distinguished strategic location that allows it to attract investors to work and establish various activities for different nationalities of investors. Each company has advantages and characteristics that suit the nature of the activity and the needs of the company.
Types of companies in Ajman Free Zone
- Free Zone Corporation
One of the types of companies to establish a company in the free zone in Ajman is a free zone establishment This type is characterized by an independent legal entity and is 100% owned by an individual or a company. The required capital ranges from 185,000 AED, The documents required for a free zone establishment are as follows:
- A valid passport for 6 months for the owner of the company.
- A color photograph of the owner.
- A letter stating no objection from the UAE sponsor.
- Paying the trade name approval fee of about 100 AED.
- Feasibility study for industrial, service and electronic activities.
- Free Zone Company
One of the types of companies to establish a company in the free zone in Ajman is a free zone company This type includes several partners, whether individuals or companies, which are an independent legal entity, and the share of each investor is determined upon issuance of the license. The documents required for a free zone company are as follows:
- A valid passport for 6 months for the owner of the company.
- A color photograph of the owner.
- A letter stating no objection from the UAE sponsor.
- Paying the trade name approval fee of about 100 AED.
- Feasibility study for industrial, service and electronic activities.
- A branch of a local company
One of the types of companies to establish a company in the Ajman Free Zone is a branch of a local company whose license is issued to companies that hold a valid license and wish to establish a company in the Ajman Free Zone, The documents required for a branch of a local company are as follows:
- Presentation of a valid 6-month passport of the owner of the company.
- A color photograph of the owner of the company.
- Submit the original copy of the trade license.
- Paying the trade name approval fee of about 100 AED.
- Industrial, service and electronic activities need to submit a feasibility study.
- Original membership certificate.
- The original certificate of commercial registration.
- A decision by the Board of Directors.
- A branch of a foreign company
One of the types of companies to establish a company in the Ajman Free Zone is a branch of a foreign company The license is issued to a branch of a foreign company outside the UAE. The documents required for a branch of a foreign company are as follows:
- A passport valid for 6 months.
- A color photograph of the owner.
- No objection letter from the sponsor
- The original copy of the trade license.
- Paying the trade name approval fee of about 100 AED.
- Industrial, service and electronic activities need to submit a feasibility study.
- Certificate of registration of the parent company attested by the Emirates Police in the concerned country and by the Ministry of Foreign Affairs in the Emirates.
- The company’s Memorandum of Association certified by the UAE Embassy in the concerned country and the Ministry of Foreign Affairs in the UAE.
- The decision of the board of directors of the parent company to issue a license to establish a company in the Ajman Free Zone.
The cost of establishing a company in the Ajman Free Zone
The cost of establishing a company in the Ajman Free Zone is about $6,934. The cost varies according to the nature of the activity, trade license, office space, and residency visas for expatriate employees to work under the name of the company in the Ajman Free Zone.
Companies in the Ajman Free Zone are also subject to a special taxation system that helps reduce costs compared to other emirates.
Advantages of establishing a company in the Ajman Free Zone
- The distinguished strategic location at the entrance to the Arabian Gulf, which makes it close to international markets.
- Ajman Free Zone serves the trade markets in the east and west.
- Ajman region exports goods to more than 65 countries around the world.
- Ajman provides support services to customers around the clock.
- Ajman Free Zone has a strong and rapidly developing infrastructure.
- Ajman Free Zone offers a flexible business package for business owners.
- It has many different business sectors to serve various activities.
Types of commercial licenses in the Ajman Free Zone
Commercial License: It is for companies engaged in commercial activities in the Ajman Free Zone as follows:
- A commercial license for one activity.
- Commercial license for two activities.
- Commercial license for three activities.
- General trading license.
E-commerce license: specialized for companies engaged in e-commerce activities and providing technical and marketing support to companies.
Service License: This license is issued to companies wishing to provide service activities in the Ajman Free Zone.
Industrial license: The industrial license is granted to industrial projects in accordance with environmental standards and industry policies. The Ajman Free Zone supports the holders of these licenses by providing warehouses and smart storage warehouses.
National Industry License: This license is for companies engaged in industrial activities that meet the criteria as follows:
- Companies registered in the national Gulf Cooperation Council states and the partnership share owned by them is 51% or more.
- That at least 40% of manufacturing operations take place within the Ajman Free Zone.
- About 40% of the companies holding a national license that are eligible to obtain the license are exempted from customs duties on exports from the countries of the Cooperation Council for the Arab Gulf States.
Electronic services in Ajman Chamber
- commercial search
- Certificate of origin: The certificate of origin means the issuance of a certificate with the aim of exporting the goods internally or externally, and the issuance is in accordance with the attached invoice from the owner of the company.
The documents required to obtain a certificate of origin are as follows:
- An invoice from the company.
- Seal and signature of the owner of the company.
Steps to obtain the service:
- Applying for a service request through the Ajman Chamber website or the smart phone application.
- The service delivery officer will review and approve the application.
- The service fee is paid through the available electronic payment methods.
- Finally, a certificate is received from the Chamber building in Ajman.
Looking for help setting up a company in Ajman Free Zone?
Establishing a company in the Ajman Free Zone requires the use of experts in legal advice and experts in dealing with government agencies to obtain commercial licenses as soon as possible to start work without the need to waste time and money.
We are here to provide you with the necessary advice and services to invest in the Ajman Free Zone, as follows:
- We have business consultants and service providers to provide integrated solutions to all problems.
- We handle the company registration procedures in the Ajman Free Zone.
- Presenting a clear and accurate feasibility study for the company and clear plans and strategies.
- Issuance of trade license and renewal as soon as possible.
- Providing technical support to answer inquiries and solve problems that may arise.
- Providing the necessary office space for rent and storage warehouses in the Ajman Free Zone.
- Undertaking all procedures for establishing a company in the Ajman Free Zone and dealing with government agencies.
- We offer packages suitable for all sizes of companies and business heads.
Do not hesitate to contact us, as we are the right choice to support you in your investment journey in Dubai from A to Z. Contact us now and get your advice from the most experienced consultants.