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Establishing a company in Ajman Free Zone

٢٦ مارس Establishing a company in Ajman Free Zone

Establishing a company in the Ajman Free Zone is a strategic step sought by many investors looking for an encouraging and supportive business environment. The Ajman Free Zone is one of the most prominent investment destinations in the UAE, offering a range of unique advantages that make it an attractive option for both local and international investors. The Ajman Free Zone is distinguished by providing a flexible business environment and laws that encourage growth and expansion, which contributes to attracting companies from various sectors. The free zone seeks to provide multiple incentives, including tax exemptions and full foreign ownership, making it an ideal place to establish new companies.

When considering opening a company in Ajman Free Zone , working with Itqan is an important step to ensure the process runs smoothly and efficiently. Itqan has extensive experience in company formation and providing legal and procedural advice, helping investors overcome various challenges. The company offers comprehensive services ranging from advising on the best options available in the free zone to providing support in preparing documents and facilitating licenses.

By choosing to establish your company in Ajman Free Zone, you will have the opportunity to benefit from a distinguished work environment that enjoys great flexibility and provides many facilities. With the guidance and support provided by Itqan Company, you can focus on developing your business and achieving your commercial goals within a well-thought-out legal and administrative framework.

Establishing a company in Ajman Free Zone

Key Advantages of Setting Up a Company in Ajman Free Zone

Ajman Free Zone is one of the prominent investment destinations in the UAE, providing an ideal business environment that supports growth and expansion. Establishing a company in this zone can be a strategic move that includes many advantages that make it an attractive option for local and international investors. By taking advantage of these advantages, new companies can achieve success and growth in a market characterized by innovation and development. The main advantages of establishing a company in Ajman Free Zone :

  • Full Foreign Ownership: Ajman Free Zone offers foreign investors the ability to own 100% of a company’s shares without the need for a local partner, providing complete freedom to manage the company and make strategic decisions.
    Tax Exemptions: The free zone offers comprehensive tax exemptions, including corporate tax and VAT exemptions, helping to reduce costs and increase profitability.
    Simplified Registration Procedures: Easy and simple procedures speed up the company formation process, reducing the time and effort required to set up a business.
    Flexible Business Environment: The free zone provides a flexible and innovative business environment, allowing companies to operate efficiently and develop flexible growth strategies in line with market requirements.
    Comprehensive Support Services: The free zone offers comprehensive support services including assistance with licensing procedures, work visas, and consulting services, facilitating the process of establishment and operation.
    Strategic Location: Ajman Free Zone is strategically located to provide easy access to key markets in the UAE and the Gulf region, enhancing trade opportunities and regional expansion.
    Flexible workspaces: The free zone offers a variety of office and workspace options, including ready-made offices and office spaces, allowing companies to choose what suits their needs.
    Simplified banking procedures: The free zone facilitates the opening of bank accounts and the management of financial transactions, which helps improve the operational efficiency of companies.
    Ease of recruitment: Companies can hire employees of different nationalities, and the free zone also provides facilities in issuing work and residence visas.

Establishing a company in the Ajman Free Zone offers investors a range of benefits that contribute to achieving success and growth. These advantages make the free zone an attractive destination for investors looking for a business environment that supports innovation and provides wide business opportunities.

Documents required to establish a company in the Ajman Free Zone

Documents required to establish a company in the Ajman Free Zone

Establishing a company in the Ajman Free Zone requires preparing a set of basic documents to ensure that the process runs smoothly in accordance with legal and procedural requirements. The Ajman Free Zone provides an encouraging and suitable business environment for local and international investors, but it is necessary to submit the correct documents to ensure that the company is registered and obtains the necessary licenses. Documents required to establish a company in the Ajman Free Zone:

  • Passports for investors and directors: Copies of passports must be provided for investors and directors appointed to the company. These documents are used to verify identity and ensure compliance with local regulations.
  • Personal Photographs: Recent personal photographs of investors and directors are required for the purposes of issuing licenses and visas.
  • Lease contract for office or workspace: A lease contract must be submitted proving that the company has rented an office or workspace within the free zone. This contract is considered one of the essential documents for company registration.
  • Articles of Association and Memorandum of Association: The Memorandum of Association formally states the establishment of the company, while the Articles of Association outline the internal rules and operating procedures. Both of these documents must be prepared in accordance with the legal regulations of the free zone.
  • Business License Application: An application must be submitted for a business license, including basic details about the business activity and company details.
  • Business Plan: Provide a detailed business plan that outlines the company’s goals, growth strategies, and market analysis. The business plan helps assess the feasibility of the project and its compliance with legal requirements.
  • Copy of Emirates ID: If the investor or manager is a resident of the UAE, a copy of the Emirates ID must be submitted.
  • Business Activity Proof Documents: These documents include a description of the business activity, and sometimes contracts or agreements with customers or suppliers, to ensure that the activity is in line with the regulations and requirements of the free zone.
  • Pay the required fees: Pay the required fees to register the company and obtain the commercial license. The fees vary depending on the type of business activity and the size of the company.
  • Special Permits: Some activities may require additional permits or approvals from the relevant authorities or ministries, such as permits from the Ministry of Health or the Ministry of Education.

Preparing these documents accurately and early will help speed up the process of establishing the company and ensure compliance with all legal requirements in the free zone. Working with a consulting firm such as Itqan can facilitate the process of collecting and preparing these documents efficiently.

Our company’s role in establishing a company in the free zone

In conclusion, when discussing establishing a company in the Ajman Free Zone , it is clear that this area provides an ideal investment environment characterized by flexibility and great opportunities for growth and expansion. The Ajman Free Zone offers many advantages, including tax exemptions and full foreign ownership, making it an attractive destination for investors wishing to establish successful commercial projects. The support provided by the free zone contributes to facilitating the establishment process and enhancing the chances of achieving success in the business environment.

Partnering with Itqan is a vital step to make the most of these benefits. With its deep experience in company formation, Itqan provides comprehensive professional support that starts from providing specialized advice to efficiently completing legal and administrative procedures. With the support provided by Itqan, investors can avoid potential complications and ensure compliance with all requirements and regulations.

Establishing your company in Ajman Free Zone, with the guidance and supervision of Itqan Company, opens up wide horizons for success in the UAE market. This cooperation contributes to ensuring that all the establishment steps are carried out smoothly and quickly, saving time and effort and helping you focus on achieving your business goals. Investing in a free zone like Ajman reflects a strategic vision for a bright future in a developed business environment, making it an excellent choice for ambitious investors. 

Frequently asked questions about establishing a company in the free zone

What are the main advantages of establishing a company in Ajman Free Zone?

Ajman Free Zone offers a range of benefits, including full tax exemptions, 100% foreign ownership, simplified registration procedures, and a flexible business environment that supports growth and expansion.

What are the documents required to establish a company in Ajman Free Zone?

The basic documents required include passports for investors and directors, passport photos, office lease contract, company memorandum and articles of association, trade license application, business plan, and a copy of Emirates ID for residents.

How long does it take to set up a company in Ajman Free Zone?

The process of establishing a company in the Ajman Free Zone usually takes from 1 to 4 weeks, depending on the speed of submitting the documents and completing the required procedures.

Can foreigners own 100% of the company in Ajman Free Zone?

Yes, foreigners can own 100% of the company in the Ajman Free Zone without the need for a local partner, thanks to the laws that support full foreign investment in the free zones.

Are there any specific requirements for the office location or workspace?

Yes, it is necessary to rent an office or workspace within the Ajman Free Zone. Investors can choose the space that suits their needs, according to the available options provided by the free zone.

What are the costs associated with setting up a company in Ajman Free Zone?

Costs include licensing fees, office rent, and costs for filing documents and legal services. Costs vary depending on the type of business and size of the company.

Does Ajman Free Zone provide work and residence visas?

Yes, Ajman Free Zone provides work and residence visas for investors and employees, and they are issued based on the company’s requirements and the number of employees.

What are the business activities allowed in Ajman Free Zone?

Ajman Free Zone allows a variety of business activities including general trading, import and export, consultancy services, and manufacturing, provided they comply with specific regulations and policies.