Establishing a company in the Ajman Free Zone. The Ajman Free Zone is characterized by the ease of dealing with approvals and declarations procedures for establishing a company in the Ajman Free Zone, and is characterized by low costs that provide investors with the flexibility to establish companies without the assistance of a national sponsor. The Ajman Free Zone has revolutionized the fields of investment in the UAE through massive industrial expansions. In this article, we discuss how to establish a company in the Ajman Free Zone and the steps and advantages of establishing a company in the Ajman Free Zone.

What is the free zone in Ajman?

Ajman Free Zone is a special economic zone that provides an encouraging environment for business and investment. This free zone provides policies and regulations that encourage the establishment of companies and the provision of various services and industries. The Ajman Free Zone includes a range of logistical and operational facilities and services that support companies located there. The free zone aims to attract investments and promote economic growth in the Emirate of Ajman.

How to establish a company in Ajman Free Zone

To establish a company in a free zone in Ajman, you must follow the following steps:

1. Choosing the type of company: First of all, you must determine the type of company you want to establish, whether it is a joint stock company, a limited liability company, a sole proprietorship, or any other type that suits your commercial and legal needs.
2. Find the right free zone: Search for a free zone in Ajman that meets your company\\\’s needs, and provides the appropriate infrastructure, tax exemptions, and logistics services you need.
3. Obtain a work permit: Obtain the necessary work permit from government agencies in Ajman, by submitting the required documents and paying the prescribed fees.
4. Submit the required documents: Submit the documents required to register the company according to its type. The documents may include contracts, completed forms, identity documents, and others.
5. Paying fees and obtaining licenses: After submitting the documents, pay the fees required to register the company and obtain the necessary licenses.
6. Opening a bank account: Open a bank account in the name of the company in one of the approved banks in the Ajman Free Zone.
7. Establishing the office and infrastructure: Establish an office for the company and equip it with the necessary infrastructure such as furniture, communications, information systems, etc.
8. Starting a business: After completing all procedures, you can start doing business under the necessary licenses and permits.

What types of companies can be established in the Ajman Free Zone?

In the Ajman Free Zone, a variety of company types can be established to meet different business needs. These types include:

1. Limited Liability Company (LLC): The LLC is one of the most common types of companies, in which shareholders\\\’ liability is determined by the amount of capital contributed.
2. Joint Stock Company: In the free zone, it is allowed to establish joint stock companies where the capital is divided into tradable shares among the shareholders.
3. Sole Proprietorship: Sole proprietorships are allowed to be established in the free zone, where there is only one owner and is fully responsible for the company and its debts.
4. Partnership Company: The free zone also allows the establishment of partnership companies, where the partners have responsibility for the company according to the agreement that has been determined between them.
5. Wholly owned foreign company: In some free zones, it is permitted to establish foreign companies that are wholly owned by foreign individuals or entities.

Special requirements for foreign companies to establish a company in the Ajman Free Zone ?

To establish a foreign company in the Ajman Free Zone, there may be special requirements that differ slightly from local company incorporation. Among these requirements are:

• Licensing the foreign company: The foreign company must be registered and licensed in its country of origin, and a copy of the license issued by the competent authorities must be submitted.
• Translation and notarization of documents: Local authorities in the free zone may request the translation and notarization of documents related to the foreign company into Arabic or English, in accordance with their legal requirements.
• Local sponsor or agent: In some cases, local authorities may require a local sponsor or agent to hold the foreign company accountable to the local authorities.
• Seed capital: Local authorities may require the seed capital required to establish a company, which usually depends on the type of company and its proposed activity.
• Special permits and licenses: A foreign company may need to obtain special permits or licenses to conduct some commercial activities in the free zone, such as construction or operating permits.
• International agreements and understandings: There may be international agreements or understandings between the home country of the foreign company and the local authorities in the free zone that specify the procedures and conditions for establishing the foreign company.

Privileges that can be benefited from in the Ajman Free Zone?

The Ajman Free Zone provides many privileges that companies can benefit from, the most important of which are:

1. Freedom to fully own: Ajman Free Zone allows investors to fully own their companies without the need for a local partner.
2. Exemption from fees and taxes: The free zone provides exemptions from taxes, customs, and land fees for companies located there, which helps reduce costs and increase profitability.
3. Advanced infrastructure: The Ajman Free Zone provides an advanced infrastructure that includes transportation facilities, sea ports, logistics centers, and specialized industrial zones, which facilitates production, export, and import operations.
4. Simple procedures for establishing: The free zone provides simple and quick procedures for establishing a company, which saves time and effort for investors.
5. A vibrant labor market: The Ajman Free Zone is considered an attractive location for investors thanks to the vibrant and diverse labor market that provides job opportunities for local and expatriate workers.
6. Access to the regional and global market: Ajman Free Zone provides opportunities for companies to access the regional and global market thanks to its strategic location close to Dubai International airports and maritime transport facilities.

How can we help you establish a company in Ajman Free Zone ?

Our business consultants prepare the documents necessary to establish a company in the Ajman Free Zone, which are as follows:

• Licensing form from the competent authorities.
• A statement of the investor’s previous licenses (if he had previous business in the Emirates).
• Electronic form for investor registration.
• A copy of a valid passport.
• A letter of no objection certified by the official authorities.
• Obtaining approval from the relevant authorities.

Looking for more information about establishing a company in Ajman Free Zone?

For more information about establishing a company in Ras Al Khaimah Free Zone, you can contact us and our business consultants will assist you with all procedures and details.