INCORP

Business Setup in Ajman Free Zone

Business Setup in Ajman Free Zone

The Ajman Free Zone, launched in 1988, is an independent business platform offering a plethora of opportunities to new businesses and foreign investors in the UAE. In addition to being close to Dubai and Sharjah international airports, these freezones also offer also offers competitive packages and facilities that assist companies in growing and expanding through modern solutions, quick license setup processes, competitive prices, and low costs, among other advantages.

Steps in Setting Up a Business in Ajman

Decide on the nature of your business activity and ensure that it is allowed within the Ajman Free Zone. The free zone caters to a wide range of sectors, including trading, manufacturing, services, and logistics.

Ajman Free Zone offers options like a Free Zone Establishment (FZE) for a single shareholder or a Free Zone Company (FZC) for multiple shareholders. You may also consider a branch or representative office of an existing company.

Choose a unique name for your business, adhering to the guidelines provided by Ajman Free Zone authorities. The proposed name should align with the nature of your business and should not infringe any trademarks or copyrights.

Gather the necessary documents for company formation, which typically include:

  • Passport copies of shareholders and directors
  • No Objection Certificate (NOC) from current sponsor (if applicable)
  • Proof of address for shareholders and directors
  • Business plan
  • Specimen signature of shareholders and directors

Prepare the application form provided by Ajman Free Zone and submit it along with the required documents. Pay the applicable fees at this stage, which may vary depending on the business activity and company type.

 Upon submission, the authorities will review your application. If everything is in order, you will receive an initial approval indicating that you can proceed with the company formation process.

Ajman Free Zone requires businesses to lease office space within the free zone. Select a suitable office size and location based on your requirements

Once the initial approval is granted, you will need to finalize the legal documentation, such as the Memorandum of Association (MOA) and lease agreement for the office space.

Clear any outstanding fees, including the annual license fee, visa fees, and any additional charges associated with the chosen office space.

After completing the necessary paperwork and making the required payments, you will receive your trade license and can proceed with visa applications for shareholders, directors, and employees.

Type of Licenses

Business Communities

Ajman Boulevard

Al Zorah

Business Cube

Amber Gem Tower

Conclusion

Those businesses looking to establish themselves in the Middle East will find the Ajman Free Zones to be a significant advantage. INCORP will guide you to all the unsurpassed benefits and techniques of setting up a business in the UAE Freezones.

Speak to us to find out more