Setting up a business in the UAE is beautiful due to its thriving business environment, especially in Free Zone in Ajman. The Emirates offers numerous advantages, including 0% corporate tax rates on personal and corporate income and a strategic location in the Middle East, ideal for international trade.

One of the standout features of the UAE’s business landscape is its free zones, which provide various tax exemptions and benefits. These include no currency restrictions and the ability to repatriate 100% of your capital and profits, making them appealing to entrepreneurs worldwide.

Why Choose Free Zone in Ajman?

Free Zone in Ajman (AFZ), established in 1988, offers an advanced infrastructure and top-tier facilities to local and international entrepreneurs. Its strategic location ensures excellent connectivity with international seaports, airports, and major highways. Key benefits of setting up in Free Zone in Ajman include:

• 100% foreign ownership
• No paid-up share capital requirements
• No physical presence is required in the UAE for incorporation
• No NOC requirement from the current visa sponsor
• Low start-up and operational costs
• No mandatory office rental requirements
• No visa restrictions
• No annual audit requirement
• No currency restrictions
• Access to state-of-the-art facilities

With the right support and guidance, registering a company in the Free Zone in Ajman is straightforward. Here’s a step-by-step guide to help you through the process.

Step-by-Step Guide to Company Setup in Free Zone in Ajman

Step 1: Define Your Business Activities

The first step in setting up any business in the UAE is to define your business activities. Free Zone in Ajman allows various activities, including accounting, consultancy, hospitality, IT, marketing, trading, and transport. It’s crucial to list all intended activities on your license application to avoid future complications.

Step 2: Choose Your Company Name

Choosing a company name in Ajman involves adhering to specific naming conventions. The name must not include offensive or blasphemous language or references to Allah or Islam. If using your name, it must be in full. Ensure your chosen name is available for registration, with assistance from a company formation expert if needed.

Step 3: Submit Your License Application

The most critical step is submitting your license application. The process varies depending on the type of business you want to establish, such as a branch of a local or foreign company, a Free Zone Company (FZE), or a Free Zone Entity (FZE). Typically, you will need to provide:

• Passport copy with six months validity for each partner
• One color photograph for each partner
• No Objection Letter from the current sponsor if the applicant is a UAE resident
• A business plan for Industrial or Service licenses

Additional documents like Memorandum and Articles of Association, Board Resolution, Certificate of Incorporation, and Power of Attorney may be required to open a branch. If the application is complete and accurate, you can receive your business license in just one business day.

Step 4: Apply for Visas

With your license, you can apply for visas for yourself, your employees, and your dependents. The number of visas you can apply for will depend on your business size and chosen license package. A company formation expert can manage this process for you.

Step 5: Open a Corporate Bank Account

The final step is to open a corporate bank account. This can be challenging for international entrepreneurs due to the varying criteria of local and international banks. A company formation expert can recommend suitable banks and arrange meetings with financial institutions.

Free Zone in Ajman Business Setup Cost

Determining the exact cost of setting up in the Ajman Free Zone depends on various factors, such as business activities and organization size. However, setting up in a free zone is generally one of the most cost-effective ways to do business in the UAE, and Ajman is known for its low business costs, making it accessible for most budgets.

Starting Your Business in Ajman Free Zone

Setting up in Ajman Free Zone is a streamlined five-step process. While the process is straightforward, working with a company setup specialist is advisable to avoid delays or rejections due to errors. A specialist can manage your license and visa applications, communicate with relevant authorities, and ensure you’re ready to start trading smoothly.

Partnering with Dubai Business Service ensures a hassle-free business setup in the Ajman Free Zone. The expert will handle all your documentation and applications professionally, allowing you to focus on your business.