Establishing a company in the Ajman Free Zone

Setting up a business in a free zone provides you with a wide range of advantages such as low investment cost and availability of raw materials which makes the process of sourcing suppliers easier. Another benefit is the possibility of renting offices and warehouses fully equipped with the latest technology at reasonable prices. As the local ports are easily accessible, logistics and transportation of goods both locally and internationally are easier, faster and more economical which increases the company\\\’s returns. Of course, all these conditions make establishing your company in Ajman a smart choice.

An overview of the Ajman Free Zone Law

The Ajman Free Zone Law provides a suitable legislative environment for establishing companies and organizing the workflow in the free zone in a way that preserves the rights of investors and employees alike. Here are the main points of this law:

1. Independence of laws: Workers in the free zone enjoy independent laws that are in line with the requirements of the region and are subject to the authority of the Ajman Free Zone, which means providing a flexible regulatory work environment that is proportionate to the needs of companies.
2. Observance of labor laws: The law requires that federal labor laws in the UAE be followed in general, by including labor-related provisions in employment contracts concluded in the free zone.
3. Preserving workers’ rights: The Ajman Free Zone Law is committed to preserving workers’ rights and providing a safe and fair work environment, which contributes to attracting talent and the practical continuity of companies.
4. Ease of organizing companies: The law facilitates the procedures for establishing companies in the free zone smoothly in accordance with the specific regulations and requirements, which encourages new investments and lasting economic growth.
5. Compliance with Federal Laws: The law requires that provisions included in employment contracts be compatible with federal labor laws, ensuring full compatibility and compliance with general legislation.

Summary: The Ajman Free Zone Law provides a legislative environment that maintains the flexibility of laws, provides safety for investors and workers, and works to facilitate procedures for establishing companies and organizing workflow in a distinct manner.

Steps to establish a company in the Ajman Free Zone

To establish a company in the free zone , the following steps are required:

1. Market Study: Conduct a careful study of the market, determine the type of company you want to establish, and examine its chances of success in the Ajman Free Zone.
2. Choosing the legal type of company: Decide what type of company you want to establish, whether it is a limited liability company, a one-person company, or a partnership.
3. Choosing a company name: Choose an appropriate and unique name for your company and ensure it is available and conforms to local legal requirements.
4. Determine the commercial activity: Determine the commercial activity in which the company will operate and ensure that it complies with the licenses available in the Ajman Free Zone.
5. Arrange papers and documents: Prepare all documents required to establish the company, such as passports, registration forms, and business plans, and ensure that all legal requirements are met.
6. Submitting a license application: Submit an application to obtain a company license to the competent government authorities in the Ajman Free Zone, select the appropriate type of license and follow the necessary procedures.
7. Payment and company establishment: Pay the fees and costs related to establishing the company and receive the final license after meeting all requirements.
8. Establishing the organizational structure and accounts: Establish the company’s internal organizational structure and open a bank account for it, and ensure compliance with accounting and legal requirements.
9. Obtaining additional licenses: You may need to obtain additional licenses depending on the company\\\’s activity, such as a building license or food and beverage license, and ensure compliance with all specified procedures and requirements.

Documents required to establish a company in Ajman Free Zone

To establish a company in a free zone , you usually need to submit the following documents and papers:

1. Copy of founders’ passport: A copy of the passport of all founders and shareholders of the company must be submitted.
2. Personal photos: You need to provide personal photos of all founders and shareholders.
3. Business Plan: A detailed business plan must be submitted outlining the company\\\’s objectives, planned business activity, and future expansion plans.
4. License application form: Fill out the license application form submitted by the authorities in the Ajman Free Zone.
5. Powers of Power: If you intend to appoint another person to handle the incorporation and operating procedures in your presence, you may need to provide formal powers allowing them to represent you and carry out the procedures on your behalf.
6. Contracts and Agreements: You may need to submit any contracts or agreements related to the planned business activity, such as lease, partnership, or distribution contracts.
7. Certificates and other documents: You may need to provide certificates and other documents depending on the type of company and business activity, such as certificates of educational qualifications or recognized professional certificates.

Investment opportunities in Ajman Free Zone

Ajman Free Zone is considered one of the most prominent economic zones in the United Arab Emirates that provides distinguished investment opportunities for investors from all over the world. This region enjoys a strategic location on the coast of the Arabian Gulf, making it an important attraction for international business and trade. Below are some of the notable investment opportunities in Ajman Free Zone:

1. Manufacturing industries:
Ajman Free Zone provides an ideal environment for establishing factories and companies in the manufacturing sector. Investors can benefit from customs facilities and advanced infrastructure to support production and distribution operations.

2. Trade and Logistics
Due to its distinguished geographical location and proximity to major ports, Ajman Free Zone is an important center for trade and logistics. Companies can benefit from customs facilities and integrated services for transporting and storing goods.

3. Technology and Innovation
Ajman Free Zone seeks to attract companies working in the fields of technology and innovation. Special incentives and facilities are provided to startups and technology projects that aim to develop innovative products and solutions.

4. Education and training The
education and training sectors are considered among the promising investment areas in the Ajman Free Zone. Investors can establish educational institutions and training institutes to meet the needs of the local and regional market.

5. Health sector
With the increasing demand for health care services, Ajman Free Zone provides investment opportunities in the field of health. Investors can establish hospitals, clinics, and specialized medical centers to provide high-quality services to local residents and visitors.

6. Hospitality and Tourism
Ajman Free Zone is witnessing increasing growth in the hospitality and tourism sector. Investors can exploit the available opportunities to establish hotels, resorts, and entertainment facilities to attract tourists from all over the world.

7. Real Estate
Investment in the real estate sector is considered one of the most prominent opportunities available in the Ajman Free Zone. Investors can develop residential and commercial projects to meet the growing demand for real estate in the area.

Investment facilities and incentives

Ajman Free Zone provides many facilities and incentives to investors, including:

1. Tax exemptions: Companies in Ajman Free Zone enjoy complete exemption from taxes on profits and income.
2. Foreign Ownership: Foreign investors are allowed full ownership of companies without the need for a local partner.
3. Quick Registration: The region provides quick and easy procedures for registering companies and starting a business.
4. Integrated infrastructure: The region provides advanced infrastructure that includes logistical facilities, offices, and warehouses.

Ajman Free Zone is an attractive destination for investors thanks to the suitable investment environment, available facilities, and strategic location. Investors can achieve great successes and benefit from the diverse opportunities offered by this vital region.

Commercial licenses in free zones in Ajman

Ajman Free Zone provides a variety of business licenses to meet the needs of different types of companies. Whether you are looking for a general trade license or a specialist in a specific field, Ajman Free Zone provides the right environment for growth and prosperity.

Types of companies in Ajman that you can establish

Permits required to establish a company in the free zone

To establish a company in the Ajman Free Zone , you usually need to obtain the following permits and licenses:

• Company establishment permit: An official permit must be obtained allowing the company to be established in the Ajman Free Zone. This requires submitting the required documents, filling out and signing the forms provided by the relevant authorities.
• Business License: An official license must be obtained to practice the planned business activity. This requires submitting a business plan and clarifying the activities and services that the company will provide.
• Work Permit: You must obtain the company\\\’s work permit, which allows you to employ local and foreign workers. This requires submitting required documentation and adhering to specific labor and employment laws and regulations.
• Construction and operation permit: If the company operates in a sector that requires a construction and operation permit, such as industry or construction, it may need to obtain a special permit in this regard. This requires compliance with specified technical standards and requirements.
• Municipality and Environment Permit: You may need to obtain permits from the municipality and other relevant authorities based on the type of business activity and local environmental requirements.

Costs of establishing a company in the free zone, Ajman Free Zone

The costs of establishing a company in a free zone vary based on the type of company, economic activity, government requirements and local laws. Here are some items that costs could include:

• Licensing costs: Includes company licensing fees, which vary according to the type of company.
• Commercial registry costs: The cost of registering the company in the commercial registry and obtaining certificates.
• Office and space costs: Renting an office or work space in the free zone.
• Capital costs: There may be costs to determine the capital needed to establish the company.
• Government services fees: Costs of government services related to submitting company requests and transactions.
• Costs of legal advice and lawyers: You may need legal advice or a lawyer to ensure that you enjoy all your legal rights and obligations.
• Legalization and visa costs: These include the costs of legalizing documents and obtaining visas for managers and employees.
• Costs of opening a bank account: There may be costs to open a company bank account.
• Insurance costs: The costs of obtaining the necessary insurance for the company and employees.
• Marketing and advertising costs: If you plan to market your company, you should take into account the costs of marketing and advertising campaigns.

Advantages of establishing a company in the Ajman Free Zone

Ajman Free Zone is considered one of the most prominent free zones in the United Arab Emirates that offers a wide range of privileges to entrepreneurs and investors. These concessions aim to encourage investment and support business growth in the region. The following are the most prominent privileges that entrepreneurs enjoy in the Ajman Free Zone:

• Tax exemptions: Ajman free zones are considered tax-free zones, meaning that companies located there often benefit from no taxes on profits, and no capital or personal income taxes are imposed.
• Ease of administrative procedures: Ajman free zones are characterized by simple and easy administrative procedures for establishing and operating companies. Administrative processes are streamlined and bureaucracy is reduced, making the process of starting a business easier and smoother.
• Easy access to the market: The free zones are located in strategic locations close to the main markets and the port of Ajman, providing easy access to local and regional markets and facilitating import and export operations.
• Advanced infrastructure: Ajman free zones have a modern and advanced infrastructure, with advanced facilities such as warehouses, logistics areas and logistics centers, which facilitates the management of company operations and the storage and distribution of products.
• Free Trade: Ajman free zones provide a free trade environment, where companies are allowed to import and export without customs duties or trade restrictions, enhancing opportunities for growth and international expansion.
• Logistics support and services: Ajman free zones provide integrated logistical support services, including shipping, customs clearance, warehousing and distribution, which contributes to facilitating business operations and improving supply efficiency.

Itqan Company services when establishing a company in the Ajman Free Zone

Itqan Company is considered one of the best office options available for establishing companies in Ajman , as it provides integrated services that include all aspects of establishment and management. The company is characterized by a professional team and extensive experience in the field of establishing companies, which makes it easier for foreign and local investors to start their businesses in the Ajman Free Zone easily and effectively.

Itqan Company offers a comprehensive range of services for establishing companies in the Ajman Free Zone, making it an excellent choice for investors wishing to start their business in this region. Below are some of the services provided by Itqan Company for establishing companies in Ajman Free Zone:

Legal and commercial consulting:

• Providing legal and business advice to ensure the company\\\’s compliance with local laws and regulations.
• Helping investors choose the most appropriate legal type for their company.

Registration and licensing procedures:

• Follow up on all company registration procedures and obtain the necessary licenses from the relevant authorities.
• Facilitating the process of issuing commercial licenses appropriate for the company’s activity.

Preparing legal documents:

• Preparing and submitting all legal documents required to establish the company.
• Drafting articles of incorporation and other agreements required by regulatory authorities.

Find the site:

• Help in choosing the ideal location for the office or facility within the Ajman Free Zone.
• Providing various options that suit the nature of the work and budget.

Financial and accounting services:

• Providing accounting and financial auditing services to ensure compliance with accounting standards.
• Assistance in opening bank accounts for the company in the UAE.

Recruitment and Human Resources:

• Providing recruitment solutions and human resources management services to meet the company\\\’s talent needs.
• Assistance in issuing work and residence visas for employees.

Technical and technical support:

• Providing technical and technical support services to ensure the smooth operation of the company.
• Providing integrated technical solutions that include the software and hardware necessary for business management.

Secretarial and administrative services:

• Providing secretarial and administrative services to facilitate the management of the company’s daily operations.
• Document management and office support.

Marketing and public relations services:

• Providing integrated marketing strategies to enhance the company’s presence in the market.
• Managing public relations and organizing promotional events.

Itqan Company guarantees the provision of comprehensive and integrated support to investors, which helps establish and operate companies efficiently and effectively in the Ajman Free Zone.

Frequently asked questions about establishing a company in the free zone, Ajman Free Zone