Establishing a company in the Ajman Free Zone represents an important strategic step for investors and businessmen, as this region has several advantages that make it an ideal destination for business and investments. Ajman Free Zone is known for its dynamic business environment and its encouragement of startups, medium and large companies. Below, in this article, we will learn about the most important advantages of establishing companies in this region:

Advantages of establishing a company in Ajman Free Zone

• Ajman Free Zone is located in a strategic location at the entrance to the Arabian Gulf.
• Serving eastern and western trade markets.
• Goods are exported from Ajman to 65 countries.
• Provides support services to customers around the clock.
• It has a strong infrastructure and rapid development.
• It provides a business package for investors with the utmost flexibility.
• It has many business sectors such as: food and beverages, automotive, health and beauty, construction, agriculture, education, oil and gas, jewelry, paper and packaging, media, marine sector, textile, advanced technology, chemical industries, and others.

Given these comprehensive advantages, it can be said with confidence that establishing companies in Ajman Free Zone is a fruitful and rejuvenating option for entrepreneurs and investors seeking success and growth in an evolving and encouraging business environment.

Steps to establish a company in Ajman Free Zone

• Determine the type of activity: By determining the type of activity, the parties associated with this activity are identified.

• Choosing a trade name: The economic development departments stipulate certain controls for the name. It must not contravene 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.

• Choosing a location for the company: It is necessary to choose a fixed headquarters for the company and that it be compatible with the necessary licenses and conditions.

• Approval of relevant 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 fire-fighting equipment.

• Obtaining 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 Ajman Free Zone is affected by a variety of factors, including the type of company you wish to establish, the size of the planned business activities, the consulting and legal services you may need, and management, labor, and marketing costs. These factors greatly affect the estimation of the comprehensive cost of establishing a company in the Ajman Free Zone.

Potential costs of establishing a company in Ajman Free Zone include:

• Registration and license fees: These fees include the costs of registering the company in the free zone and obtaining the necessary licenses from local authorities.
• Advisory Services Fees: If you require advice from lawyers, financial advisors or other services, you may need to pay them additional fees.
• Administrative services fees: These fees include company management costs such as office rent, postal and telephone services, and registration in the commercial registry.
• Labor fees: If you intend to hire employees, you will have to bear the costs of their salaries, insurance, and additional benefits.
• Advertising and marketing fees: You may need to invest in advertising and marketing campaigns to attract customers and work to build your company\\\’s brand identity.
• Other fees: Additional costs may include insurance fees, fees for documentation and legal issuances, and travel and accommodation costs if necessary.

It is necessary to contact local financial advisory offices or analysts in Ajman Free Zone to obtain an accurate estimate of the cost and requirements for establishing your company, as costs can vary greatly based on the individual factors of the company and the desires of the investor.

Types of companies allowed in Ajman Free Zone 

In Ajman Free Zone, several types of companies can be established. Here are some types of companies allowed in the Ajman Free Zone:

Legal and advisory services for company establishment in Ajman

Itqan Company provides comprehensive legal and consulting services for establishing companies in the Ajman region. Here are some of the services that can be provided through Itqan Company:

• Company Establishment Consultations: Providing comprehensive consultations on the company establishment process in Ajman, including choosing the appropriate company type, partner and capital arrangements, and determining legal responsibilities.
• Preparing documents and licenses: Assist in preparing all legal documents and licenses necessary to establish the company, including contracts, agreements, and business licenses.
• Ownership Arrangements: Assistance with ownership, visa and residency arrangements for shareholders, directors and key employees.
• Accounting and Tax: Providing accounting and financial management services, and providing advice in the areas of tax and legal compliance to ensure full compliance with local laws.
• Continuing legal consultations: Providing ongoing legal consultations to support the company in various aspects of business and solving legal problems that may arise.
• Corporate Management Services: Providing corporate management services such as asset management, human resources and finance.

Itqan Company is considered reliable in the field of establishing companies in Ajman and providing the necessary support to ensure the success of its clients in building and operating their businesses efficiently. For more information and to arrange services, you can contact them directly.

Taxes and exemptions for companies in Ajman Free Zone

In Ajman Free Zone, local authorities provide an exciting environment for investment through numerous tax exemptions and tax benefits aimed at attracting investors and promoting business activity. Here\\\’s an overview of taxes and exemptions for companies in Ajman Free Zone:

1. Income Taxes: Companies in Ajman Free Zone enjoy exemptions from income taxes for a specified period, after which they are subject to significantly reduced tax rates.
2. Real estate taxes: Companies in the free zone enjoy exemptions from real estate taxes on commercial and industrial properties.
3. Customs duties: Ajman Free Zone provides exemptions and facilitations in customs duties on imports and exports, which helps reduce costs and promote international trade.
4. Customs release: Ajman Free Zone allows quick and easy customs release, which contributes to accelerating import and export processes and reducing administrative procedures.
5. Value Added Taxes (VAT): Companies in Ajman Free Zone are subject to VAT at a reduced rate or with exemptions depending on the type of activity and annual sales.
6. Other exemptions: Other exemptions include exemptions from vehicle taxes, environmental fees, and additional customs benefits.

Frequently asked questions about establishing a company in Ajman Free Zone