Business Setup in Ajman

Name: Shuraa Business Setup
Brand: Shuraa
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Exploring Business Opportunities in Ajman: A Strategic Overview

Ajman Company Registration

Nestled on the Arabian Gulf coast, Ajman, the smallest of the seven emirates in the UAE spans an estimated area of 260 square kilometers. Boasting prime industries such as manufacturing, real estate, retail, construction, transport, and business services, Ajman Company Registration offers a promising landscape for business endeavours.

However, establishing a business in Ajman demands meticulous planning and strategic decision-making. Key steps include selecting a company name, defining the business activity, acquiring necessary licenses, hiring human resources, choosing suitable infrastructure, and depositing a minimum of capital in a corporate bank account. Engaging a business setup consultant becomes crucial to navigating these complexities, ensuring a seamless process while addressing the legal intricacies. Numerous management consultancies in Ajman extend their expertise to investors, guiding them through the entire business setup formalities.

Ajman Free Zone

Established in 1988 along the Arabian Gulf Coast, Ajman Free Zone occupies a prime location with access to four seaports and two international airports, fostering a thriving business environment. The Ajman Free Zone Authority oversees secure business setup procedures and issues business licenses to companies operating within the zone.

Key benefits of setting up a business in the Ajman Free Zone include:

100% Repatriation of Capital and Profits
Streamlined Processes with No Red Tape
Total Exemption from Corporate Tax for Companies
Business-Friendly Legal Framework
Simplified Immigration Policies with Quick Processing for Workers

To establish a company in the Ajman Free Zone, one must engage directly with the Ajman Free Zone Authority, ensuring a straightforward and efficient setup process.

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Ajman Media City Free Zone

Ajman Media City Free Zone is a newly formed free zone that provides comprehensive media and digital facilities in the UAE. This is done by matching the professional mindset of individual entrepreneurs and businesses. The free zone is located in the City of Ajman. It has high-tech telecom, communication links, top-notch digital customer service, and incentives for entrepreneurs interested in starting a business in Ajman Media City free zone.

Mainland Companies in Ajman

Mainland companies encompass all business entities directly registered under the Emirates government and its respective authorities. Representing the most developed economy, mainland setups adhere directly to the legal structures outlined by government policies. Opting to establish a business in mainland Ajman requires the essential involvement of a local sponsor. In this structure, the local sponsor holds a 51% share in the company, while the businessperson retains the remaining 49%. Mainland companies in Ajman can choose from a variety of business entities, including:

This diverse range of business structures allows entrepreneurs to tailor their setups to align with their specific business goals and requirements within the flourishing economy of mainland Ajman.

Offshore Ajman

Regulated by the Ajman Free Zone Authority, Ajman Offshore shares similarities with other offshore jurisdictions by offering tax exemptions and maintaining the confidentiality of companies through the use of a registered agent’s address. Offshore companies in Ajman are those engaged in offshoring businesses within the UAE, encompassing various activities:

General Trading
Professional Services
Stake Holding
Investment and Joint Investment Companies
Advisory/Consultancy Services
Commission Agents/Brokers

This jurisdiction provides a conducive environment for businesses involved in these activities, ensuring flexibility and confidentiality in their operations within Ajman Offshore.

Benefits of Registering a Company in Ajman

In the Emirate of Ajman, company registration offers numerous advantages:

100% Foreign Ownership: Ajman Free Zone allows full foreign ownership, enabling complete control over business operations.
Full Repatriation of Capital and Profits: Businesses in Ajman enjoy the freedom to repatriate capital and profits without any restrictions.
Cost-Effective Opportunities: Ajman Free Zone provides economic advantages at a lower cost than other UAE free zones, primarily due to the absence of registration fees imposed by the Ajman Free Zone Authority.
Streamlined Registration Process: The business registration process in Ajman is simple, with single-window clearances for various government services, including licensing, immigration, visa, and postal services.
Long-Term Land Lease: Foreign investors can secure a 20-year land lease in Ajman, renewable for 20 years, allowing tax-exempt operations for up to 40 years.
Legal Exemption from Import and Export Duties: Companies in Ajman benefit from 100% legal exemption from all import and export duties.
Respected International Trading Jurisdiction: Being part of the UAE, Ajman businesses are not perceived as offshore entities in foreign tax havens, enhancing their credibility as part of a respected international trading jurisdiction.

Varieties of Business Licenses in Ajman

To engage in business activities in Ajman, obtaining a business license is imperative, following government regulations. There are four primary types of business licenses available in Ajman:

National Industrial License:

– The business must be registered with the Gulf Cooperation Council (GCC) and own at least 51% of its shares.

– At least 40% of manufacturing processes should occur in the free zone.

– Eligible for duty-free customs fees to member states of the Arab Gulf Cooperation Council.

Trading License:
Issued for businesses engaged in trading activities, including importing, exporting, and re-exporting goods and services in the UAE.

Industrial License:
Granted to any foreign, UAE, or free zone entity involved in manufacturing activities in Ajman.

Professional/Service License:
Granted to UAE, foreign, or free zone entities providing professional or service-related activities in Ajman.

E-Commerce License:
Facilitates online business for entrepreneurs seeking partnerships with the free zone to tap into the growing e-commerce segment in the GCC and the region.

General Maintenance License:
It is necessary for starting a maintenance business in Ajman, authorising individuals to make repairs and perform regular maintenance duties for building upkeep.

Each license type caters to specific business activities, offering diverse options for entrepreneurs in Ajman.

Ajman Company Registration Process

Initiating the registration of a company in Ajman involves several key steps, outlined below:

Choose a Corporate Entity:

Select from the following corporate entities:

Submit Application Form:
Complete and submit a company application form at the Customer Services Centre in the municipality for initial approval.
Location Verification:
Follow up with the Inspection Unit in the municipality of Ajman to verify the chosen business location.
Departmental Approvals:
Obtain approval from specialised departments in the municipality, if required for your chosen business.
Trade Name Approval:
Secure approval for the trade name and receive the business register and membership certificate.
Document Submission:
Submit the necessary approvals, accompanied by receipts from the Ministry of Trade, as acceptance into the Register of Companies.
Fee Payment and Application Submission:
Pay all relevant fees and apply to the Customer Services Centre.
License Issuance:
Upon completion of the above steps, the license for your company can be obtained within one day.
By adhering to these steps, the Ajman company registration process is streamlined, allowing for a swift and efficient setup of your business.

Required Documents for Registration

The registration process is straightforward, necessitating a specific set of mandatory documents:

A valid copy of the passport of the company shareholders.
Proof of residence of the company owner.
Memorandum of association.
Article of association.
Duly filled application for the incorporation of an offshore account.
Bank reference letter.
Resume of the owner of the offshore account.
Business plan with a cost-benefit analysis.

Ajman Investment Highlights

The following are the highlights of Ajman investment:

Strategic Location: Positioned between Dubai and Sharjah for easy accessibility.
Comprehensive Services: Availability of essential facilities like power, medical, and telecommunication.
Investor-Friendly Free Zones: 100% foreign ownership, hassle-free approvals, and tax benefits.
Ajman Port Facilities: Support for exports, imports, and vessel services.
Cost-Effective Operations: Lower operational costs compared to global free zones.
Diverse Industries: Primary industries supplying raw materials for various sectors.
State-of-the-art infrastructure: Well-developed ports, roads, and industrial zones for business growth.

Our Business Setup Services in Ajman

Shuraa Business Setup Consultants can help you with the following business setup services in Ajman:

Company incorporation
Company registration
Local sponsorship
Public Relations Officer (PRO) services
Accounting and bookkeeping
Auditing
Tax consulting
Value Added Tax (VAT) registration
Legal advisory
Setting up a branch office in Ajman
Intellectual property protection

Why Choose Shuraa Business Setup?

Shuraa Business Setup is your trusted partner for seamless company registration, incorporation, and legal consulting services in Ajman. Our team of experts manages banking, visa, legal, and licensing formalities in compliance with UAE laws. Focusing on your business objectives, we guide you through the entire company formation process.

Our commitment is to facilitate establishing your business in this booming economy by navigating all legal formalities. We aim to help your business establish a strong presence, benefit from free trade agreements, and access state-of-the-art regional facilities. For hassle-free company setup in Ajman, contact us – we’re here to assist you every step of the way.

Frequently Asked Questions

Free Zones are designated areas for international businesses, allowing for 100% foreign ownership. Companies within each free zone are restricted to trading exclusively within the same free zone and are not permitted to conduct business elsewhere in the UAE.

Yes, having a physical office is a requirement for conducting business in Ajman, and it must have a minimum space of 550 sq. ft.

A branch of a foreign company in Ajman can engage in indirect industrial, commercial, and professional activities.

To reserve a trade name in Ajman, you can either apply online or utilize the services of an authorized document clearing office or an approved law/consultancy firm.