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Establishing a company in Ajman Free Zone

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٠٤ مايو Establishing a company in Ajman Free Zone

How to set up a company in Ajman Free Zone? Ajman Free Zone is one of the leading destinations for setting up companies in the UAE, providing a flexible environment and diverse services that meet the needs of entrepreneurs and investors. The free zone makes it easy for investors to set up their companies quickly thanks to simplified procedures and advanced infrastructure. Thanks to its strategic location, Ajman Free Zone is an ideal choice for companies seeking to expand into local and international markets, offering facilities such as tax exemptions and full ownership options for foreigners. We will review the details about setting up a company in Ajman Free Zone .

Establishing

How to establish a company in Ajman Free Zone

Establishing a company in Ajman Free Zone requires following specific steps to ensure compliance with local regulations. Here are the basic steps:

  1. Select the type of company: You must select the desired type of company, such as a limited liability company or a branch of a foreign company.
  2. Choosing the business activity: The business activity that the company will carry out must be determined, as the free zone provides a variety of available activities.
  3. Submitting the application: The application for obtaining a trade license can be submitted through the Ajman Free Zone website or by visiting the concerned office. The required documents such as a passport and a copy of the business plan must be submitted.
  4. Completing legal procedures: After the application is approved, legal procedures must be completed, such as signing contracts and receiving the commercial license.
  5. Opening a bank account: A bank account must be opened in the name of the new company to facilitate financial transactions.
  6. Employee Registration: If you plan to hire employees, you must register with the Ministry of Human Resources and Emiratisation.
  7. Access to offices and facilities: Offices or workspaces can be rented in the free zone, as the area offers a range of options.
  8. Tax Registration: Although the free zone offers tax exemptions, it is essential to ensure that you comply with any local or international tax requirements.

You can also seek the help of consulting companies such as “Atqan” to help you in this process and provide the necessary advice to ensure the success of establishing your company.

Conditions for establishing a company in the Ajman Free Zone

Establishing a company in the Ajman Free Zone requires compliance with some basic conditions and requirements. Here are the most important conditions:

  1. Determine the type of company: The investor must determine the type of company he wants to establish, such as a limited liability company or a branch of a foreign company.
  2. Business Activity: The business activity that the company will carry out must be specified, and it must be consistent with the activities permitted in the free zone.
  3. Required documents: Passport copy of the persons concerned (investors or shareholders). Personal photo. Brief business plan explaining the company’s objectives and activities. Articles of association or documents of the parent company (if the company is a branch).
  4. Capital: Some types of companies may require a minimum capital, and this amount must be deposited in a bank account in the company’s name after obtaining approval.
  5. Compliance with regulations: All procedures and activities must comply with the laws and regulations in force in the free zone.
  6. Office Securing: Investors are required to obtain office space or commercial facility within the free zone.
  7. Tax Compliance: Although the free zone offers tax exemptions, investors must comply with any local tax requirements.
  8. Employee Registration: If there are employees, they must be registered with the Ministry of Human Resources and Emiratisation. It is always preferable to use consulting services such as “Atqan” to facilitate the procedures and ensure compliance with all legal requirements.

Factors in the cost of establishing a company in the Ajman Free Zone

The cost of establishing a company in the Ajman Free Zone depends on several factors, including:

  1. Company Type: The type of company (such as a limited liability company or a branch of a foreign company) varies in the costs associated with its formation.
  2. Business License: The cost of obtaining a business license, which may vary depending on the type of business activity.
  3. Office Insurance: The cost of renting office space or a commercial facility, with prices varying based on location and size.
  4. Government fees: include fees associated with registration, licensing, and other legal procedures.
  5. Capital: Some companies require a minimum amount of paid-up capital, which must be deposited in a bank account.
  6. Recruitment costs: If you hire employees, you must take into account the costs of salaries and social insurance.
  7. Legal advice: You may need legal advice to assist you with the procedures, which requires additional costs.
  8. Taxes: Although the free zone offers tax exemptions, it is important to comply with any local or international tax requirements.
  9. Additional services : such as logistics, technical services, or any other services that the company may need.

It is advisable to contact consulting companies such as “Atqan” to obtain accurate and detailed estimates of the expected costs based on your specific requirements.

Mastery

How long does it take to establish a company in the free zone?

Setting up a company in Ajman Free Zone is a relatively easy process, and can take a relatively short period of time, usually between one and two weeks. The process begins with submitting the required documents, which include passports and personal photos of the partners, as well as a clear business plan outlining the company’s activities. Once the application is submitted, the relevant authorities review the documents and information provided.

If the documents are complete and in compliance with the regulations, the trade license is issued quickly. The administrative procedures in the free zone are efficient, as the responsible authorities seek to facilitate the establishment process to attract investors. In addition, the free zone provides advisory services and direct support to assist investors in every step of the establishment process.

However, the incorporation period may be affected by some factors such as the complexity of the business activity required, or the need for additional approvals for some activities. Therefore, it is advisable for investors to have a clear understanding of the specific requirements of their business. It is also preferable to work with specialized consulting companies to ensure that all procedures are completed smoothly and on time. In this way, investors can start their business in Ajman without much delay, which contributes to achieving their business goals faster.

Advantages of establishing a company in the Ajman Free Zone

Establishing a company in Ajman Free Zone comes with many advantages that make it an attractive destination for investors and businessmen. Here are some of the key advantages:

  1. Full ownership: Foreign investors can own 100% of the company without the need for a local partner.
  2. Tax Exemptions: Companies in free zones enjoy full income tax exemptions for up to 50 years, which helps increase profitability.
  3. Fast Procedures: The free zone offers fast and efficient registration and incorporation procedures, making it easy to start a business.
  4. Diversity of activities: The free zone allows a wide range of business activities, providing flexibility for investors in choosing their activity.
  5. Advanced Infrastructure: The free zone has an advanced infrastructure that includes offices, storage facilities, and logistics services, which facilitates business operations.
  6. Access to markets: The free zone offers a strategic location near ports and airports, facilitating access to local and international markets.
  7. Cost Savings: The free zone offers low operating costs thanks to tax exemptions and low rental costs.
  8. Government Support: Companies in free zones enjoy strong government support and facilities from the relevant authorities.
  9. Business Environment: It provides a suitable business environment and a diverse community of businessmen, which contributes to the exchange of ideas and experiences. These features are key factors that attract many investors to establish their companies in the Ajman Free Zone.

In conclusion, when talking about establishing a company in the Ajman Free Zone , it can be said that this step represents a great opportunity for investors and businessmen who wish to enter the UAE market and benefit from a flexible and encouraging business environment. The free zone offers many advantages, such as full ownership, tax exemptions, and advanced infrastructure, which facilitates the process of establishing a business and provides a solid foundation for growth and expansion. Adhering to the necessary terms and requirements, in addition to seeking the help of experts and consultants, can greatly contribute to the success of the company and achieving its goals. Therefore, establishing a company in the Ajman Free Zone is an attractive investment option that deserves serious consideration by anyone seeking to build a successful future in the business world.

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