One Central – Offices No. 4 Dubai | Office: +971 45686046
ITQAN is a company that specializes in business setup and business growth

Cost of establishing a company in Ajman Free Zone

٠٩ يناير Cost of establishing a company in Ajman Free Zone

What is the cost of establishing a company in the Ajman Free Zone? The Ajman Free Zone is one of the attractive investment destinations in the United Arab Emirates, as it provides a flexible and encouraging business environment for investors from all over the world. Establishing a company in this zone represents a unique opportunity for those looking to launch their businesses in a fast-growing market. The free zone enjoys multiple attractive factors, including competitive costs and tax exemptions, making it an ideal choice for entrepreneurs. In this article, we will review the cost of establishing a company in the Ajman Free Zone , the factors affecting it, and the procedures necessary to achieve this goal successfully.

Cost

Cost of establishing a company in Ajman Free Zone

The cost of establishing a company in the Ajman Free Zone is affected by several main factors, including:

  1. Type of company: Costs vary depending on the type of company (such as a limited liability company, a branch of an existing company, or a sole proprietorship), as each type of company requires different requirements and licenses.
  2. Scope of Business: The business or industry you wish to operate in affects the cost. Some activities require additional licenses or higher fees.
  3. Number of Licenses: If you need additional licenses, such as health or environmental licenses, this will increase the overall cost.
  4. Office Location: Office rents vary by location, with more popular locations being more expensive.
  5. Number of employees: Staffing costs, including accommodation and labor fees, play a large role in costs.
  6. Registration and licensing fees: These include the fees required to register the company and obtain the necessary licenses, which may vary depending on the type of activity.
  7. Legal and advisory services: The cost of consulting a lawyer or consulting firm to assist with the incorporation procedures may increase the overall cost.
  8. Capital Requirements: Some businesses require a minimum amount of capital, which can impact initial costs.

Studying these factors is an essential step for investors looking to set up a company in Ajman Free Zone, as it can help them accurately determine their budget and achieve success in their business.

Ajman Free Zone

Ajman Free Zone is one of the most prominent investment destinations in the UAE, providing an ideal business environment for investors and businessmen from all over the world. The zone is exempt from taxes on profits, which enhances business returns and encourages the establishment of companies. The free zone allows 100% foreign ownership, giving them complete control over their projects without the need for a local partner. The free zone also offers a variety of business activities, including trade, services, and industry, making it an attractive destination for various sectors. The zone also has an advanced infrastructure that includes modern offices, storage facilities, and logistics centers, making it easy for companies to start their operations quickly and efficiently.

Ajman Free Zone also provides a variety of support services, such as legal advice, assistance with recruitment procedures, and accounting services, making it easier for investors to focus on growing their businesses. Thanks to its strategic location, companies in the free zones have easy access to local and international markets, enhancing opportunities for growth and expansion. Ajman Free Zone is the ideal choice for investors seeking to capitalize on the business opportunities available in the UAE.

Conditions for establishing a company in the Ajman Free Zone

Establishing a company in the Ajman Free Zone requires adherence to a number of conditions and procedures. Here are the most important necessary conditions:

  1. Choose the type of company: You must determine the type of company you wish to establish, such as a limited liability company or a branch of an existing company.
  2. Determine the business activity: The commercial or industrial activity that the company will carry out must be determined, as the required licenses differ according to the type of activity.
  3. Preparing a business plan: It is important to prepare a detailed business plan that outlines the company’s goals and strategies, as it may be required during the incorporation procedures.
  4. Providing the required capital: Establishing a company requires providing the minimum required capital according to the type of company and activity.
  5. Submitting the required documents: A set of documents must be submitted, such as: A copy of the passport of the founding individuals. Personal photos. Documents proving the legal address of the company. And the articles of association (for limited liability companies).
  6. Registration in the free zone: You must submit a registration application to the authority responsible for managing the free zone and submit all required documents.
  7. Obtaining the necessary licenses: After approval of registration, the necessary licenses must be obtained to practice the commercial activity, which vary according to the type of activity.
  8. Providing an office: An office or workplace must be provided in the free zone, as proof of the availability of the office is requested during the establishment procedures.
  9. Compliance with local regulations: The company must comply with all local laws and regulations applicable in the free zone.

These conditions are essential to ensure the establishment of a successful and legal company in the Ajman Free Zone, and it is advisable to contact the relevant authorities or seek the help of consulting companies to help achieve this.

Steps to establish a company in Ajman Free Zone

Establishing a company in the Ajman Free Zone requires following a set of systematic steps to ensure compliance with legal and procedural requirements. Here are the steps to establish a company:

  1. Select the type of company and its activity: Choose the type of company (limited liability company, branch of an existing company, etc.).
    Select the business activity you wish to practice.
  2. Prepare a business plan: Prepare a detailed business plan that includes goals, services offered, and business strategies.
  3. Submitting the registration application: Submit the company registration application to the authority responsible for the Ajman Free Zone. This can be done online or by visiting the authority’s offices.
  4. Pay the required fees: Pay the required fees to register the company and obtain the necessary licenses. These fees vary depending on the type of company and activity.
  5. Obtaining Licenses: After the application is approved, obtain the necessary licenses to operate the business, such as a commercial and environmental license if required.
  6. Providing an office: Provide an office or workplace in the free zone, as proof of office availability is required.
  7. Open a bank account: Open a business bank account to facilitate the management of the company’s financial operations.
  8. Registration with government agencies: You may need to register the company with other government agencies or obtain additional approvals depending on the nature of the activity.
  9. Comply with legal requirements: Ensure that you comply with all local laws and regulations related to the establishment and operation of the company.
  10. Hiring and registering employees (if required): If you plan to hire employees, make sure to comply with the laws related to hiring and registration.
    By following these steps, you can establish a successful company in the Ajman Free Zone, giving you the opportunity to benefit from the benefits that this region has to offer.

Advantages of establishing a company in Ajman Free Zone

Establishing a company in Ajman Free Zone has many advantages, making it a preferred destination for many investors and businessmen. Here are some of the main benefits:

  1. Tax Exemptions: The free zone provides tax exemptions on profits, which helps in increasing the financial returns of the company.
  2. 100% Foreign Ownership: Foreign investors can establish their companies entirely without the need for a local partner, giving them complete control over their business.
  3. Ease of procedures: The free zone facilitates the procedures for establishing companies, reducing the time and effort required to obtain licenses and approvals.
  4. No restrictions on money transfer: Investors can transfer profits and capital out of the country without restrictions, making it easier to manage funds.
  5. Advanced Infrastructure: The free zone provides modern infrastructure and advanced facilities, which contribute to improving the efficiency of business operations.
  6. Access to Markets: Ajman is strategically located to provide easy access to local, regional and international markets.
  7. Support Services: The free zone offers a range of support services, such as legal and accounting consulting services, and assistance with employment procedures.
  8. Diversity of business activities: The free zone allows for the establishment of a variety of business activities, from commercial services to light industries.
  9. Benefit from trade agreements: Companies benefit from trade agreements signed between the UAE and other countries, which facilitate international trade.
  10. Flexible Business Environment: The free zone provides a flexible business environment that encourages innovation and growth, contributing to business success.

These positives are attractive factors for investors wishing to establish their companies in the Ajman Free Zone, facilitating the achievement of their commercial and professional goals.

Cost

Itqan Company Services in Establishing Companies in Ajman Free Zone

Itqan Company provides a comprehensive range of services to help investors and businessmen establish their companies in the Ajman Free Zone. Here are the most prominent services it provides:

  1. Legal Consultations: Itqan provides specialized legal consultations on all aspects of company formation, including local laws and regulations.
  2. Establishment Procedures: Facilitates the process of registering a company and submitting the required documents, saving time and effort for investors.
  3. Obtaining licenses: Itqan helps in obtaining the necessary licenses to practice the business activity, including commercial and industrial licenses.
  4. Office Space: Provides office rental and office services, making it easier for new businesses to start operations quickly.
  5. Opening Bank Accounts: Itqan helps clients open business bank accounts, making it easier to manage finances.
  6. Recruitment and Registration: Provides support in recruitment procedures, including employee registration and visa acquisition.
  7. Financial and Accounting Planning: Provides financial and accounting planning services to ensure compliance with local financial regulations.
  8. Business Consulting: Itqan provides strategic consulting to help companies develop successful business plans and growth strategies.
  9. Continuous Support: Itqan provides ongoing support services to clients after establishment, including legal and administrative consultations.
  10. Event Planning: Offers event planning and trade show services to help promote business and connect with potential clients.

Through these services, Itqan contributes to facilitating the process of establishing companies in the Ajman Free Zone, making it a reliable partner for investors wishing to enter the UAE market.

In conclusion, Ajman Free Zone is an ideal destination for setting up a business due to its competitive costs and diverse services. Establishing in this zone allows investors to benefit from tax exemptions and full business ownership, in addition to the advanced infrastructure that supports business growth. Although the cost of setting up a company in Ajman Free Zone may be affected by several factors such as the type of company and business activity, the many advantages it offers make it an attractive option for local and international investors. With a careful study of the costs and the use of reliable consulting services, companies can achieve a successful and sustainable start in this distinctive investment environment.

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

Can a foreign investor own 100% of the company?

Yes, foreign investors are allowed to own 100% of the company without the need for a local partner.

What is the time period to establish a company in Ajman Free Zone?

Company formation usually takes a few days to two weeks, depending on the completion of the required documents and approvals.

What are the costs of establishing a company in the Ajman Free Zone?

Costs vary depending on the type of company, business activity, and number of licenses required. It is best to contact a service provider for exact details.