Ajman is one of the most prominent investment destinations in the UAE, providing a distinct business environment and competitive advantages that support entrepreneurs and investors in establishing their companies. Ajman, a small but highly-potential emirate, is strategically located and easily accessible from the rest of the Emirates, making it an attractive choice for establishing businesses.

Ajman has a number of advantages that make it an ideal investment destination, starting from its advanced infrastructure and strategic geographical location, to the government facilities and support services it provides. The emirate offers a convenient and smooth business environment, including free zones that provide tax incentives, customs exemptions, and the flexibility of 100% foreign ownership of companies.

When considering establishing a company in Ajman, investors must understand the procedures and requirements necessary to ensure the success of the project. The basic steps include choosing the appropriate type of company, such as limited liability companies or sole proprietorships, and preparing the required documents such as a passport, business plan, and lease contract. The steps also include submitting registration and licensing applications to the relevant authorities, and providing additional requirements such as residence visas for employees.

Ajman is a preferred choice for those looking for a dynamic and efficient investment environment, as the emirate offers the perfect balance between low costs and great opportunities for growth and expansion. In this article, we will review the steps and procedures for establishing a company in Ajman, and the most important tips that will help accelerate and achieve success in this endeavor.

Steps to establish a company in the Ajman Free Zone

Establishing a company in the Ajman Free Zone is an excellent option for investors seeking to benefit from the facilities and privileges provided by the free zones. Here are the steps to establish a company in the Ajman Free Zone:

1- Determine the type of company: Determine the type of company you want to establish, such as a limited liability company (LLC), a sole proprietorship, or a branch of an international company.
2- Choose the business activity: Choose the business activity that the company will practice, as it must be consistent with the activities permitted in the free zone.
3- Prepare the required documents: Prepare basic documents such as passports, CVs of the company founders, business plans, and the office lease contract.
4- Submit a license application: Apply for the appropriate commercial license through the free zone’s electronic portal or by visiting the service office. It may be necessary to submit documents related to the company and business activity.
5- Choose the office location: Choose an office or workspace within the free zone based on your business needs. There are different options for offices and facilities in the free zone.
6- Registration and payment: Register the company with the free zone administration and pay the required fees. The fees usually include the cost of the license, office rent, and registration fees.

Receiving the license: After submitting all the documents and paying the fees, you will receive the company license. This license allows you to start practicing legal business activities in the free zone.

Opening a bank account: Open a business bank account in one of the approved banks in the UAE. You will need to submit the company documents and the bank license to open the account.
Obtaining residence visas: Apply for residence visas for investors and employees through the relevant department in the free zone.

Starting operations: Once all the procedures are completed and the license and residence visas are obtained, you can start operating your business and practicing business activities in the free zone.

Required documents to establish a company in the Ajman Free Zone
To establish a company in the Ajman Free Zone, it is necessary to submit a set of documents and files necessary to ensure the successful completion of the incorporation process. Here is a list of the documents usually required:

Passports: Color copies of the passports of all the shareholders and principal directors of the company.
Personal photographs: Recent personal photographs of the shareholders and directors, usually passport size.
Articles of Association and Memorandum of Association: A draft of the company’s articles of association and memorandum of association, which details the management structure and business activity.

Business Plan: A document detailing the company’s business, objectives, and business strategy, which helps in assessing the feasibility of the project.

Proof of Address Documents: Proof of the current address of the company’s founders, such as a utility bill or rental agreement.

Office Lease Agreement: A lease agreement for an office or commercial space within the free zone, showing the location of the space allocated to the company.

CVs: CVs of the founders and key managers, showing their professional experience and skills.

Legal Background: Documents proving that there are no legal or criminal cases against shareholders or managers (in some cases).

Authorizations and Signatures: The necessary authorizations and signatures from shareholders and managers to establish the company and appoint managers.

Business Activity License: In some cases, you may need to provide a special license or approval for the business activity you intend to practice.

Residence Visas: Documents for applying for residence visas for the company’s founders and employees (after incorporation).

Authentication Certificates: Certificates of authentication from the competent authorities if the documents are issued outside the UAE.