Company Formation in Ajman Mainland
Are you interested in setting up a company in Ajman Mainland?
Ajman is one of the seven emirates of the UAE and is located on the east coast, close to Dubai and Sharjah. Ajman offers a business-friendly environment and a strategic location, making it an attractive option for entrepreneurs looking to set up a company in the UAE. The process of company formation is relatively simple, but it does require some planning and preparation.
We, ECAG INCORP, will provide you with the right support and preparation for a successful company set up in Ajman.
Choose the business activity and legal structure:
You will need to select the type of business activity you want to conduct in Ajman Mainland. This will determine the type of license you need. You will also need to decide on the legal structure of your company, such as a sole proprietorship, partnership, or LLC.
Reserve a trade name:
You will need to reserve a trade name for your company. The trade name must be unique and not already registered by another company.
Obtain initial approval:
You will need to obtain initial approval from the Department of Economic Development (DED) in Ajman. This involves submitting the necessary documents, such as the application form, business plan, and lease agreement.
Finalize the lease agreement:
You will need to finalize the lease agreement for your office space in Ajman Mainland. The lease agreement must be registered with the EJARI system.
Obtain the final approval:
You will need to submit all the required documents to the DED to obtain the final approval for your license.
Pay the fees:
You will need to pay the relevant fees for your license.
Obtain the license:
Once you have completed all the steps and paid the fees, you will receive your business license.
Required Documentations
The specific documents required for company formation in Ajman Mainland may vary depending on the nature of the business and the type of license required. However, in general, the following documents are usually required:
Passport copies of the proposed shareholders and local sponsor (if applicable).
Residence visa copies of the proposed shareholders and local sponsor (if applicable).
Business plan outlining the details of the proposed business, including the nature of the business, its objectives, and financial projections.
Memorandum of Association (MOA) and Articles of Association (AOA) outlining the legal structure of the company, ownership, and management structure.
No-Objection Certificate (NOC) from the current sponsor (if the shareholder(s) already reside in the UAE).
Lease agreement or tenancy contract for the proposed business premises.
Bank reference letter and bank statement.
Trade name reservation certificate.
Power of Attorney (POA) if the shareholders cannot attend the registration process in person.