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Business setup in Ajman free zone

Business setup in Ajman free zone

Ajman free zone, UAE has seven states; in which Ajman is the smallest one. The boundaries of Ajman are touch to Sharjah and also touch with UAQ. Ajman is fast growing emirates; that is it make every effort to grow in the same way like Dubai; and also other emirates; so that to place itself on the top of the global chart; that is with a large business venture and also capitalization.

The major charm of Ajman is the gorgeous Persian Gulf beach; that is stretches for 20 miles. Well Ajman is a very much low cost and also a worthwhile port; that is for cargos from both the east and also west world. Furthermore, mortgage is non-existent in Ajman; the real estate market; however, is very likable to investors, both locally as well as globally. Ajman is also considered as the entry way to the Asia; to the Europe and also to an Africa. Most of the expat like to do their business setup in Ajman free zone; regardless of the ownership rule. Because of its strategic location business setup in Ajman free zone become the prime option of investors.

Ajman Business setup

Normally, to run a private company in UAE; foreigners is allow to have maximum of 49% of share in a company; while Local partner will hold 51% of Share. But there is a one exception in UAE law regarding share restriction; that is the Free Trade Zone. Ajman business setup in free trade zone; allows 100% owner ship to foreign investors. Ajman is also enjoys various natural characteristics; and also features creating it one of the main key spot in the county; and thus making it one of the most important hub for investments; which can open new possibilities and opportunities in the world of economy.

Characteristic of business setup in Ajman free zone

  • Business setup in Ajman free zone enjoys low energy costs. Thus, it is famous for energy intensive companies such as manufacturing. For this kind of business; Ajman free trade zone provide an industrial license.
  • business setup in Ajman free zone having industrial license with 51% share for the GCC nationals; that is,  are eligible for “UAE Certificate of Origin”. From the Ministry of Economy and Commerce; UAE, qualifying them for a customs duty exemption in member states of the GCC; provided the value addition in Ajman free trade zone; has been at least 40% of the total final value of the relevant product.
  • Entrepreneurs obtain a 20 year land lease; which is further, renewable for another 20 years, and so in this way reach to 40 years tax free operations
  • Expat always like, in fact they love to see lower set up cost. Keep in mind this factor; Ajman free trade zone offer low set up cost; as compare to the other free trade zone. For example, Ajman Free trade Zone removes business set up fees. Moreover, office as well as house lease rate in Ajman free trade zone; are much lower than the other free zone of UAE.
  • Business setup in Ajman free zone is easier and economical than set up an LLC. For example, it is possible to get ‘flexi desk’ facility as an office; that is a small space with a desk, internet connection etc. which is available for rent hourly; that is 5 hour per week; but it is subjected to availability.
  • 100% foreign owner ship is allowed for company formation in Ajman free trade zone. A free zone enterprise (FZE) requires a minimum of one shareholder. Furthermore, there is no such a restriction on the repatriation of capital.

Advantages of Ajman free zone company setup

Following are the main merits of an Ajman free zone company setup.

  • Company setup in Ajman free trade zone has a great edge; over the other free zone companies; due to a strategic location in the UAE.
  • Ajman free trade zone provide all facilities; such as power, tale communications; and also medical services.
  • The Ajman free trade zone authority supports all free zone investors; that is for their business set up.
  • 100% ownership are allows for Ajman free zone company setup
  • A Well designed set up of the roads, ports, transport; and also free zone.
  • At this point let me tell you one more benefit; that why client is very keen for Ajman free zone. Or you can say one more strong point which you need to keep in mind. And I think it is the most key point for Ajman free zone. That is Company formation in Ajman free trade zone offer many facilities to investors. That is low set up cost; and also 100% tax free; also multi-currency bank account; and also 0% custom duty; and also there is no currency moving restriction.
  • Ajman free zone company setup offer ajman port facilities; that is for imports as well as exports.
  • A very boost financial structure of Ajman free trade zone.
  • Ajman free zone Company has Low cost of operation for many industries compared to other free zones in UAE.

Structure allowed in Ajman free zone company registration.

Till this point we explain a lot of thing about Ajman business setup. That is, what is an Ajman business setup; what are the benefits of an Ajman business setup; why we need to set up business in Ajman free zone. Now it is time to say some thing about the structure. Following are the main type of an Ajman free zone company registration.

  • Joint Liability Company
  • Simple commanding Companies
  • Limited Liability Company

Joint Liability Company

Two or more than two partners can form this type of a company. But that is only a UAE locals can form this type of a company. Because in this type of a business set up; partners are liable to all founds and also liabilities of the company. And also there is no agreement which will set up this in otherwise. Company bankruptcy will lead to bankruptcy of all the partners.

Simple commanding Companies

Two or more than two partners can form this type of a company. It is further divided in to two types. The first is JLC which we define in first section; and second is like an LLC; where all the partners are liable to their own share.

Limited Liability Company

Two or more than two partners can form this type of a company. For an LLC company minimum of 2 and maximum of 50 partners required. For Ajman LLC the capital requirement is Dhs 150.000 divide in to equal share; that is the share value is not be less than 1000 Dhs. The partners are liable to his or her own share; that is partner is not liable for entire company liability. The Local sponsor share is not be less than 51% of the total share.

Type of license for Ajman free zone company formation

Following are the main type of licenses used for Ajman free zone company formation

Trading license for business set up in Ajman free trade zone

Ajman free trade zone authority issues this kind of a license; to those who want to trade physical goods in Ajman free trade zone; furthermore, this kind of a license is further categorized in to 4 parts

  • 1 activity Trade license
  • 2 activity Trade license
  • 3 activity Trade license
  • General Trading license

Services License for business set up in Ajman free trade zone

Ajman free trade zone authority issues this kind of a license; to those who wish to carry out service activities within the free trade zone; such as a management consultancy, an IT consultancy, and also a marketing etc.

Industrial License for business setup in Ajman free zone

Ajman free trade zone authority issues this kind of a license; for those who are specialized in manufacturing, as per the environmental standards and also a manufacturing policies in Ajman. Ajman free trade zone authority provides a warehouse and also a smart store to support this kind of activity.

National Industrial License for Ajman free zone company formation

Ajman free trade zone authority issues this kind of a license; that is for ajman free zone company formation; to industrial organizations that match the following criteria.

  • The organization should be registered with GCC countries nationals owning minimum of 51%
  • Organizations having national license qualified to get the license are exempt from customs fees on exports from GCC countries
  • Minimum 40% of the manufacturing process should be within the Free Zone

Offshore License for business set up in Ajman free trade zone

Ajman free trade zone authority issues this kind of a license; to those who wish to set up an Ajman free trade zone company for international business only; that is with no local business.

E-Commerce Licenses for business set up in Ajman free trade zone

Ajman free trade zone authority issues this kind of a License; to those who wish to set up an electronic trading company. That is for online business set up.

Type of Company allowed in Ajman free zone business setup

Following are the 4 main type of business set up are allowed by the Ajman free trade zone authority

Ajman Free Zone Company (FZC)

2 are more than 2 partners can form such type of a company; in Ajman free trade zone. In this type of a company an individuals as well as companies can act as a shareholder.

Required Documents for Ajman Free Zone Company formation

  • 1 passport size picture
  • Passport which is valid for a 6 months
  • Fees of 100 Dhs for free zone trade name approval
  • Also a full Feasibility study in case of an industrial; a service and an electronic activities
  • NOC from a current sponsor; that is if applicant is a UAE resident as employee

Ajman Free Zone Entity (FZE)

Ajman free trade zone authority issues this type of a license; to a single owner with a separate legal capacity. IT will be owned as a 100% by either individual; or company having establishment capital of approximately 185,000 AED.

Required Documents for Ajman Free Zone Entity

  • Fees of 100 Dhs for free zone trade name approval
  • 1 passport size picture
  • Passport which is valid for a 6 months
  • Also a full Feasibility study in case of an industrial; a service and an electronic activities
  • NOC from a current sponsor, if applicant is a UAE resident as employee

Branch of Foreign Company

Ajman free zone authority issues this kind of license to a foreign company; that is to open a branch as well as representative office inside the free trade zone.

Required Documents

  • Fees of 100 Dhs for free zone trade name approval
  • 1 passport size picture.
  • Passport which is valid for a 6 months.
  • NOC from a current sponsor, if applicant is a UAE resident.
  • Also a full Feasibility study in case of an industrial; a service and an electronic activities
  • A board resolution of the parent company; that is to get the license and open branch inside the Free trade zone of ajman. The UAE embassy must attest the resolution in the concerned country; and also form the UAE Foreign Affairs.
  • Certificate of registration for the parent company; The UAE embassy must attest the resolution in the concerned country; and also by UAE Foreign Affairs.
  • MOA for the parent company; that is the UAE embassy must attest the MOA in the concerned country; and also from the UAE Foreign Affairs Ministry

Branch of a Local Company

Ajman free zone authority issues this kind of license to local companies; that is to open a branch in side the free trade zone.

Required Documents for Branch of Local Company

  • 1 passport size picture.
  • Passport which is valid for a 6 months.
  • Original valid trade license
  • Feasibility study in case of industrial, service and electronic activities
  • Fees of 100 Dhs for a free zone trade name approval.
  • Original Trade Register Certificate
  • Original Certificate of membership

Services | JLT free zone | UAE offshore company | Product registration in Dubai | Dubai south free zone |

Ajman business setup in free trade zone

At this point let me tell you one more thing; or you can say one more key point; which Ajman free trade zone clients always ask me. That is, is it true that Ajman business setup in free trade zone is free from all kind of tax? And as we all know the answer is a big “Yes”. So, it means that Ajman free trade zone is free from all kind of tax. And also it is free from duty tax. I think it is one of the best points for business setup Ajman free trade zone.

How to setup a company in Ajman?

Finally it is time to have set up in Ajman. At this point let me tell you one more thing; or you can say one more point which you need to keep in mind. Which i think is a key point for all of the clients; and also i think it will work to see the whole process; of a set up Ajman free trade zone company; and show the entire thing in clear way. That is the easy way to setup business in Ajman. So get in touch with us. In the first place, you can use website live chat button. So that to start chats with a Ajman specialist. Second way is that, you can Click Here to place a call back request.

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