Establishing a company in Ajman Free Zone is an attractive option for investors and entrepreneurs looking to expand their business in the UAE and the region. Ajman Free Zone is strategically located near international ports and major transportation hubs, making it a vital hub for businesses that rely on trade and shipping. The zone was established to provide a stimulating business environment that supports the growth of companies of all sizes and sectors.
One of the key advantages offered by Ajman Free Zone is the great flexibility in choosing the types of business activities, as investors can establish companies in various fields such as consulting services, manufacturing, e-commerce, and industrial activities. In addition, the free zone offers attractive tax benefits such as complete exemption from taxes on profits and income, as well as allowing 100% foreign ownership.
From a procedural standpoint, the process of establishing a company in Ajman Free Zone is smooth and simple. The free zone management allows investors to submit their applications quickly online or through its offices, ensuring that the time taken to start a business is reduced. In addition, the free zone offers a variety of establishment packages to suit the needs of startups or large companies.
In addition to administrative facilities, Ajman Free Zone offers comprehensive support services such as providing modern office and warehouse spaces, residence visas for employees and investors, in addition to access to advanced logistics networks. This comprehensive support enhances the ability of companies to succeed and grow in a stable business environment.
In conclusion, establishing a company in Ajman Free Zone represents an ideal opportunity to benefit from a stimulating investment environment with multiple advantages, making it a preferred destination for many investors.
To establish a company in a free zone in Ajman, here are the general steps that can be followed:
Choose the type of company: Determine the type of company you want to establish, whether it is a private joint stock company (FZC), a limited liability company (FZ-LLC), or a branch of an offshore company.
Choose the free zone: Choose the free zone in Ajman that suits your business activity, such as Ajman Free Zone (AFZ) or Ajman Media City Free Zone.
Determine the business activity: Determine the business activity you want to practice and make sure it is permitted in the free zone.
Determine partners and shareholders: If there are requirements for local partners, identify them and organize the financial and legal arrangements.
Submit documents: Submit all the documents required to establish the company, such as a copy of the passport, business plan, and any other required documents.
Pay fees: Pay the fees required to establish the company and obtain the necessary licenses.
Obtain licenses: After submitting the application and paying the fees, the application will be reviewed and the necessary licenses will be issued to start work.
Establish the company: Officially establish the company and start doing business in accordance with local laws.
Free Zone Company Establishment Fees Ajman Free Zone
The fees for establishing a company in the Ajman Free Zone vary depending on the type of business activity, the size of the company, and the number of licenses required. There are several factors that affect the establishment costs, including:
Type of license: Fees vary depending on the type of commercial license chosen, such as a commercial, industrial, or service license. Each type has different fees based on the nature of the activity.
Company size: Fees depend on the size of the company and the number of shareholders. Large companies may need to pay additional fees compared to small companies or limited liability companies.
Facilities and infrastructure: Fees include the costs of renting offices or warehouses within the free zone. Companies that need storage space or industrial facilities may pay additional fees.
Visa fees: Establishment fees include the costs of issuing visas for investors and employees. Fees vary depending on the number of visas required and the type of residence.
Registration and membership fees: Establishment fees include the costs of registering in the free zone and annual membership fees. These fees vary based on the type of company and the commercial sector.
Administrative services fees: Administrative services fees may be added such as legal consultations, document preparation, and approval of official papers.
Licenses required to establish a company in the Ajman Free Zone
Establishing a company in Ajman requires obtaining the appropriate type of license based on the nature of the business activity. The following are the most prominent types of licenses that can be obtained in the Ajman Free Zone:
Commercial License: Granted to companies operating in the fields of trade, import, and export. This license allows the company to engage in various commercial activities such as buying and selling products inside and outside the Emirates.
Industrial License: Issued to companies that carry out industrial and manufacturing activities. This license allows the company to manufacture products in the free zone, with the possibility of importing raw materials and exporting finished products.
Service License: Directed to companies that provide consulting, professional, or administrative services. This license includes companies operating in fields such as management consulting, information technology, and training.
E-commerce License: Granted to companies that manage commercial activities online. This license allows companies to provide e-commerce services such as online sales and providing digital solutions.
Freelance License: Allows individuals to work independently in specific fields such as graphic design, media, and technology. This license is ideal for professionals who work as individuals rather than large companies.
Education License: For companies that provide education and training services, such as educational institutions or training institutes. This license usually requires obtaining additional approvals from the relevant authorities.
Commercial Brokerage License: Allows companies to engage in brokerage activities between buyers and sellers in various sectors, and provide marketing and promotional services.
Warehousing and Distribution License: For companies that operate warehouses and work in the storage and distribution of products. It allows companies to import goods and store them in the free zone before distributing them in local or international markets.
Advantages of establishing a company in the Ajman Free Zone
Establishing a company in Ajman offers many advantages that make it an attractive destination for investors and entrepreneurs. Here are the most prominent advantages:
100% foreign ownership: It allows companies to be established with full foreign ownership without the need for a local partner, which provides greater flexibility in managing the business.
Tax exemptions: Companies in the Ajman Free Zone enjoy a complete exemption from income tax for individuals and companies, which enhances profits and reduces financial burdens.
Full transfer of profits and capital: The free zone allows the transfer of profits and capital abroad without any restrictions or fees, which facilitates financial transactions.
Ease of procedures: The Ajman Free Zone is characterized by fast and flexible procedures for establishing companies, including issuing licenses in a short time.
Strategic location: Ajman enjoys a central location close to Dubai and Sharjah, making it an ideal hub for accessing local, regional and international markets.
Advanced infrastructure: The Ajman Free Zone provides a modern infrastructure that includes ready-made offices, warehouses, and integrated facilities to serve all types of businesses.
Competitive costs: Ajman Free Zone has lower establishment and maintenance fees compared to other free zones in the UAE, making it an ideal choice for startups and small businesses.
Flexible visa options: The free zone allows easy issuance of work visas for investors and employees, enhancing business flexibility and ease of employment.
Freedom to diversify businesses: Companies can be established in a wide range of economic sectors, such as general trade, import and export, and consulting services.
In conclusion, establishing a company in a free zone such as Ajman Free Zone is an important strategic step for entrepreneurship in the UAE. This step requires good planning and adherence to specific legal and regulatory procedures. By choosing the right free zone and determining the type of company and its business activity, investors can benefit from the suitable environment provided by Ajman Free Zones.
Ajman Free Zones offer a range of competitive advantages such as exemption from customs duties, bureaucratic facilitations, and easy access to regional and global markets. In addition, these zones provide advanced infrastructure and integrated services that support the growth of startups and enhance the chances of success in business.
It is essential to review the laws and regulations for establishing companies in the Ajman Free Zone and to be familiar with the local requirements to ensure compliance and avoid potential problems. By implementing the establishment steps accurately and professionally, businessmen can achieve success and make the most of the investment opportunities in this business-friendly environment.
The most important frequently asked questions about establishing a company in the Ajman Free Zone
What types of companies can be established in the Ajman Free Zone?
Various types of companies can be established, such as general trading companies, manufacturing companies, service companies, e-commerce companies, and freelancers.
What are the benefits that the Ajman Free Zone offers to companies?
The benefits include 100% foreign ownership, full tax exemptions, easy transfer of profits, low operating costs, fast establishment procedures, and advanced infrastructure.
What are the documents required to establish a company in the Ajman Free Zone?
The process requires submitting copies of the passports of the founders and directors, personal photos, a business plan, a company establishment application form, and an incorporation contract.
How long does it take to establish a company in the Ajman Free Zone?
The process usually takes a few days to a week, depending on the completion of the required documents and adherence to the required procedures.
Can foreigners fully own companies in Ajman Free Zone?
Yes, foreigners can own companies 100% without the need for a local partner.
