Establishing a company in Ajman Free Zone is an exciting and promising opportunity for investors seeking to join the active and thriving business market in the UAE. In cooperation with Itqan Company, the establishment of a successful and effective company can be achieved in this modern and advanced free zone. The Ajman Free Zone is located in an important strategic location, providing a comfortable and advanced commercial environment, and promoting innovation and sustainability. Itqan Company, as a professional consulting company, provides assistance and advice to investors in all aspects of the company establishment process. The steps for establishing a company include obtaining the necessary licenses and permits, defining and registering the company\\\’s activity, and determining the appropriate type of company, such as a limited liability company or joint stock company. The required core capital must also be determined and provided. Thanks to its strategic location and available facilities, Ajman Free Zone provides opportunities to access regional and global markets and provides a tax-free environment and facilitated customs procedures. In addition, Itqan can provide support regarding local and external partnerships, and provide banking, accounting and marketing services. In short, establishing a company in Ajman Free Zone in cooperation with Itqan Company provides exciting and rewarding opportunities. Investors can benefit from the advanced business environment and facilities available, in addition to professional advisory support to ensure the success of establishing and operating a company in this thriving free zone.

Establishing a company in Ajman Free Zone

Types of companies that can be established in the Ajman Free Zone

In the Ajman Free Zone, several types of companies can be established that suit the needs and business goals of investors. Here are some common types of companies in Ajman Free Zone:

• Limited Liability Company (LLC): This company is considered one of the common and preferred types, as it is established in partnership between local and foreign partners. Shares of capital contributions and liabilities are determined in accordance with the Company’s Articles of Association.
• Joint Stock Company: This company allows the raising of capital through the sale of shares to shareholders. Shareholders have specific rights and responsibilities according to their shares in the company.
• Sole Proprietorship: Allows entrepreneurs to establish a sole proprietorship, where the personal responsibility of the owner is the same. This type of company is easy to establish and operate.
• Joint Company: It is a partnership between local and foreign partners, and has flexibility in dividing profits and losses according to the founding agreement.
• Public Company: It has an independent legal personality, and partners from the public and private sectors participate in it at a specified percentage.

The requirements and procedures for establishing these companies in the Ajman Free Zone vary, and may require obtaining specific licenses and permits. It is recommended to consult with Itqan Company or the relevant authorities to obtain the accurate information and necessary consultation before establishing any type of company in the Ajman Free Zone.

Tax and customs benefits available to companies in the Ajman Free Zone

The Ajman Free Zone provides a number of important tax and customs benefits for companies located there. Here are some key advantages:

• Full tax exemption: Companies in the Ajman Free Zone enjoy full exemption from income tax for up to 50 years. This means that companies do not pay any taxes on profits made in the free zone.
• Freedom to transfer funds: The Ajman Free Zone allows the transfer of funds generated from profits and capital outside the country without any restrictions.
• Customs facilities: The Ajman Free Zone provides easy customs facilities, as companies do not require paying customs duties on import and export, whether for goods or raw materials used in production processes.
• Availability of land and offices at low prices: Ajman Free Zone offers land and offices at low prices compared to other regions, which helps reduce establishment and operating costs for companies.
• No restrictions on foreign ownership: Ajman Free Zone allows full foreign ownership of companies, without the need for a local partner.

These tax and customs benefits are just examples, and the benefits and facilities available may vary depending on the type of company and economic activity it engages in. It is recommended to consult with the relevant government authorities and Itqan Company to obtain updated and detailed information about the tax and customs benefits available to your specific company in the Ajman Free Zone.

Basic steps to establish a company in the Ajman Free Zone

Basic steps to establish a company in the Ajman Free Zone

To establish a company in the Ajman Free Zone , you must follow the following steps:

• Research and Explore: Conduct appropriate research to understand the requirements and conditions related to establishing companies in the Ajman Free Zone. Explore the types of companies available, tax benefits and applicable local laws.
• Choosing the appropriate type of company: Decide on the type of company you want to establish, such as a limited liability company (LLC), joint stock company, or others. Determine the appropriate ownership and partnership structure for your company.
• Choosing a Company Name: Choose an appropriate and unique name for your company and ensure it complies with local regulations and requirements. You may need to check the availability of the chosen name and register it with the relevant authorities.
• Licenses and Permits: Obtain the necessary licenses and permits to establish and operate your company in the Ajman Free Zone. These permits may include general business licenses and building permits if you plan to put up company buildings.
• Preparing documents: Prepare the documents required to establish the company, such as contracts, agreements, and internal decrees. You may also need to provide personal documents for potential shareholders, directors and partners.
• Submitting an incorporation application: Submit an official application to establish the company in the Ajman Free Zone, and you may need to pay the required registration fees. Concerned authorities may request additional details or additional documents as needed.
• Company establishment and registration: After all requirements and procedures are met, the company establishment and registration process will take place officially in the Ajman Free Zone. You will receive an official incorporation document proving the existence of your company.

It should be noted that these steps are a general template and may vary based on the type, size, and requirements of your company. You are advised to communicate with the relevant authorities in the Ajman Free Zone and obtain updated and detailed instructions on the procedures required to establish a company in the Ajman Free Zone.

Papers and documents required to submit an application to establish a company in the Ajman Free Zone

To apply to establish a company in the Ajman Free Zone , you may need to prepare the following documents:

• Copy of passport and personal identification of shareholders and directors: Colored copies of passports and personal identification of all relevant shareholders and directors of the company must be submitted.
• Authorization letter: If an authorized person is appointed to represent the company, you may be asked to provide an official letter of authority proving his or her authority to act on behalf of the company.
• Establishment Application Form: The official establishment application form submitted by the relevant government entity in the Ajman Free Zone must be filled out. The form includes information about the company, its type, shareholders, and organizational structure.
• Joint stock and partnership contracts: If the company has shareholders or partners, you may be asked to submit joint stock or partnership contracts signed between the parties involved.
• Business Plan: You may be asked to submit a detailed business plan for your company, explaining the business activity you will undertake, your future plans, and financial return expectations.
• Residence Certificate: Shareholders and directors may be required to provide valid residence certificates in the emirate.
• Certificates of qualifications and experience: You may need to provide the necessary certificates of qualifications and experience for managers and key employees in the company.
• Lease contract or ownership documents: A copy of the lease contract must be submitted for the office or warehouse that the company will occupy in the free zone. If the land is already owned, you may need to submit ownership documents for it.

You must consult the relevant authorities in the Ajman Free Zone to obtain an accurate and updated list of documents required to establish your company in the zone. Remember that these documents may vary depending on the type of company and applicable local legislation.

Our company\\\’s role in establishing a company in the Ajman Free Zone

In conclusion, in cooperation with Itqan Company, a new company was established in the Ajman Free Zone, which is a big step towards expanding the scope of our activities in the region. The Ajman Free Zone is considered an environment conducive to growth and development, as it provides advanced infrastructure, tax incentives, and administrative facilities that facilitate the procedures for establishing companies and organizing their business. Through this new partnership, we aspire to benefit from these advantages and move to a new phase of expansion and growth in our field of business. Itqan Company has extensive experience in the field of establishing and developing businesses in the Ajman Free Zone and has a specialized work team capable of providing the necessary advice and support during the establishment and operation stages. . Their experience will contribute to accelerating the process of establishing the new company and providing appropriate solutions to address any challenges that may arise. The company will also provide the necessary logistical and marketing support to ensure the success and long-term sustainability of our project. Through this partnership, we look forward to expanding the scope of our operations in the region and enhancing our presence in the local and regional market. We also hope to benefit from the investment opportunities available in the free zone and develop new products and services that meet the needs of customers in the market. We will work to build a strong network of relationships with local and international partners and customers through this project. In conclusion, this partnership with Itqan Company confirms our continued commitment to achieving growth and excellence in our business. We are confident that this step will enable us to strengthen our position in the market and expand our customer base. We look to the future with enthusiasm and confidence to achieve more successes.

Frequently asked questions about establishing a company in Ajman Free Zone