Establishing a company in Ajman Free Zone represents an exciting and rewarding opportunity for many seeking to build and expand their businesses in the UAE. Through our partnership with Itqan Company, we provide you with a comprehensive guide to the process of establishing companies in the Ajman Free Zone.

In this great article, we will explore how to start a company in the Ajman Free Zone, and we will highlight the steps and procedures needed to successfully achieve this goal. We will provide you with up-to-date and reliable information about the legal, administrative and financial requirements, as well as the benefits and challenges you may face during the company establishment process.

Itqan Company is a reliable partner specialized in providing advisory, legal and financial services to companies in the Emirates, and we will guide you through every step of this important process, from choosing the appropriate business activity to obtaining a license and successfully starting the business.

Steps to establish a company in Ajman Free Zone

• Determine the type of activity

By specifying the type of activity, the parties associated with this activity are identified.

• Choose a trade name

The Departments of Economic Development require certain controls for the name, so it must not violate public taste and must be compatible with the nature of the activity.

• Initial approval

Approval must be obtained from the General Directorate of Residency and Foreigners Affairs, then approval from the rest of the relevant authorities in Dubai .

• Choose a location for the company

It is necessary to choose a fixed headquarters for the company and that it complies with the necessary licenses and conditions.

• Approval of the concerned authorities

Some commercial projects need additional approvals from other competent authorities such as the Ministry of Interior, the Ministry of Civil Defense, the Ministry of Justice, and the Ministry of Economy if the activity is related to an activity such as selling firefighting equipment.

• Obtain the license

After completing all the previous steps, the investor can receive the license and attach some documents and papers with it, in addition to the economic development steps to pay the costs of the license fees, then register in the UAE Chamber of Commerce as a member.

Documents for establishing a company in Ajman Free Zone

• A copy of the passport (valid).
• Photograph.
• Address, phone number and email.
• Company Name.
• commercial activities.

After registering the company, you can apply for a company bank account with the following documents:

• Chamber of Commerce registration certificate.
• license.
• Company lease contract.
• Note in the case of multiple partnership companies.

The cost of establishing a company in Ajman Free Zone

The cost of establishing a company in the Ajman Free Zone may vary based on several factors, including the type of company, the size of the business, and the services required from advisory and legal service providers. However, general estimates can be provided about the approximate cost of setting up a company in the Ajman Free Zone:

1. Annual license fees: These fees are considered one of the most important costs, and vary according to the type of company and its activity.
2. Establishment and registration fees: These fees include the costs of submitting the application, registering the company, and issuing the business license. These fees can be variable and are affected by the type of company and services requested.
3. Consulting and Legal Services Fees: You may need to consult legal professionals or consulting service providers to assist you in the company formation process. These fees can range depending on the services provided and hours of operation.
4. Rent and office fees: If you need an office in a free zone, you may need to pay a monthly or annual rental fee, and these fees vary based on the size and location of the office.
5. Labor and visa fees: If you plan to hire employees, you may need to pay fees for work visas and additional labor fees.

Benefits of establishing a company in Ajman Free Zone

Establishing a company in Ajman Free Zone has a number of benefits and advantages that make it an attractive option for businesses. Here are some key benefits:

1. Full foreign ownership: Free zones in Ajman give you the opportunity to have full foreign ownership of companies, meaning you can own 100% without the need for a local partner. This provides foreign investors with more control and flexibility in running their businesses.
2. Advanced infrastructure: Ajman free zones have a modern and advanced infrastructure, including roads, facilities and communications. This provides a suitable and technologically prepared environment to operate the business with high efficiency.
3. Tax and customs exemptions: Ajman free zones offer a range of attractive tax and customs exemptions. These exemptions can include exemption from corporate taxes, income taxes and value-added taxes, as well as exemptions from customs duties on imports of goods and materials.
4. Ease of commercial procedures: Ajman free zones greatly facilitate the procedures for establishing companies and commercial licenses. Fast and efficient services are provided to businesses, helping to streamline operations and reduce administrative costs.
5. Access to the UAE and Regional Market: Ajman is strategically located in the heart of the UAE, providing excellent opportunities to access the local and regional market. In addition, Ajman Free Zones enjoy excellent transportation services and easy access to airports and ports, facilitating trade, export and import.

Laws and regulations applicable in Ajman Free Zone

The Ajman Free Zone is subject to the laws and regulations governed by the Government of Ajman and the Free Zone authorities themselves. Among the most important laws and regulations in force in the Ajman Free Zone, we can mention:

• Ajman Free Zone Law: This law defines the general framework for the process of establishing companies and investing in the Ajman Free Zone, including the conditions, requirements, and benefits available to investors.
• Companies Law: This law specifies the procedures and requirements for establishing and managing companies in the Ajman Free Zone, including the types of companies allowed and the conditions for their formation.
• Labor Regulations: These regulations specify the rules and regulations related to work and workers in the free zone, including labor contracts, working hours, and social protection.
• Tax laws: These laws determine the taxes applied to companies and individuals working in the Ajman Free Zone, including taxes on income, value added, and others.
• Environment and Safety Regulations: These regulations regulate occupational safety, health, and environmental protection in the free zone, and ensure compliance with environmental and occupational safety standards.

Commercial licenses available in Ajman Free Zone

In the Ajman Free Zone, there are several types of business licenses that investors can choose from according to their business needs and goals. Some of the business licenses available include, but are not limited to:

1. Joint stock company: where the ownership of the company is divided into shares that enjoy participation in the capital.
2. Limited Liability Company: It is a form of company that limits shareholders’ liability to a certain amount of capital.
3. Sole proprietorship: A company managed and owned by one person without any other partners.
4. Personal company: It is a business partnership between two or more people who share profits and losses according to an oral or written agreement.
5. Wholly foreign-owned company: A company in which foreigners can own 100% of its shares.
6. Limited Liability Company with Limited Guarantee: It is a company owned by a group of people who are only liable for the company’s debts to the extent of the guarantees they provided.

In conclusion, during this article we have provided a comprehensive overview of the process of establishing a company in the free zone of establishing a company in the Ajman , in cooperation with Itqan Company. The basic steps that must be followed were highlighted, starting from choosing the type of company and the appropriate location in the free zone, all the way to submitting the application and obtaining the necessary licenses.

Through our partnership with Itqan Company, we were able to provide the technical knowledge and experience necessary to support you during the process of establishing your company. Itqan is a reliable and specialized partner in the field of legal and business consulting, providing innovative and customized solutions that effectively meet the needs of its clients.

The most important frequently asked questions about establishing a company in the Ajman Free Zone