Ajman Free Zone is one of the most prominent business destinations in the UAE, providing a business-friendly and encouraging environment. Establishing a company in this free zone is a strategic step for individuals and companies looking to enter the UAE market with flexibility and ease. Ajman Free Zone offers many benefits, including tax exemptions, 100% foreign ownership, and fast and simplified registration procedures. It also provides a sophisticated business environment and modern facilities that support growth and expansion. By investing time in understanding the incorporation procedures and registration requirements, new companies can make the most of the opportunities offered by this zone, enhancing their chances of success and growth in the local and regional market.

 

Establishing a company in Ajman Free Zone

Establishing a company in Dubai Free Zone with the help of our company, Itqan, provides you with a smooth and expert-based experience. At Itqan, we provide you with full support from choosing the right business activity and registering the company, all the way to obtaining the trade license and providing the necessary facilities. Our experience in the field of incorporation contributes to speeding up and simplifying the procedures, ensuring that you start your business quickly and efficiently. In addition, we help you in opening a bank account, registering employees, and issuing work visas, to ensure that you comply with all legal requirements. With Itqan, you can benefit from the advantages of the Ajman Free Zone such as tax exemptions and full foreign ownership, which enhances your chances of success and growth of your company in a sophisticated business environment.

At Itqan, we are keen to provide customized consultations that suit your business needs, helping you make the best decisions to grow your business. We work with you to ensure that all registration and licensing requirements are met efficiently, saving you time and effort. With our integrated services and continuous support, you can focus on developing your business strategies and invest your time in growth and expansion. We are committed to providing the highest level of service to our clients, ensuring you have a hassle-free experience when establishing your company in Ajman Free Zone, thus successfully achieving your business goals.

Steps to establish a company in Ajman Free Zone

Establishing a company in the Ajman Free Zone includes several main steps:

1. Choosing a business activity: Determine the type of business activity you wish to practice, as activities differ between commercial, service and industrial companies.
2. Choosing a company name: Choose a trade name for your company that is in line with the laws and regulations in force in the free zone.
3. Submitting a registration application: Submit an application to register your company via the Ajman Free Zone website or by visiting the registration office. You will need to submit documents such as your passport, activity details, and owner details.
4. Obtaining a license: After reviewing the application and documents, the free zone will issue you a trade license that includes the legal details of your company.
5. Open a bank account: Open a business bank account in the company’s name at an approved bank. Additional documents may be required.
6. Signing a lease agreement: Rent an office or workspace in the free zone according to your company’s needs. You will need to sign a lease agreement with one of the companies operating in the free zone.
7. Securing the necessary approvals: Depending on the type of activity, you may need to obtain additional approvals from the relevant authorities.
8. Employee Registration: If you will be hiring employees, register them according to local laws and make sure they complete health insurance and residency procedures.
9. Issuing Work Visas: Issue work visas to your employees in accordance with the procedures approved in the free zone.
10. Starting your business: After completing all the procedures and obtaining the necessary permits, you can start your business in the Ajman Free Zone. Make sure to follow up on any updates or changes in laws and regulations to ensure that your company complies with all legal requirements.

Advantages of establishing a company in the Ajman Free Zone

Ajman Free Zone offers many advantages that make it an attractive destination for establishing companies, including:

• Full foreign ownership: Foreigners can fully own companies without the need for a local partner, providing great flexibility in running the business.
• Tax Exemptions: Companies in the free zone are exempt from corporate and individual income tax, which reduces operating costs.
• Fee Reductions: Free zones offer  lower fees compared to other free zones, which helps reduce set-up and operating costs.
• Fast Registration Procedures: Simplifying and streamlining procedures helps in registering companies quickly, which speeds up the start of business operations.
• Providing advanced facilities: The free zone provides modern facilities such as offices, warehouses, and factories that support the growth and expansion of companies.
• Export and import capabilities: Companies in the free zone are granted the freedom to export and import without restrictions, which facilitates entry into global markets.
• Flexible business environment: The free zone offers a flexible business environment that suits the requirements of different companies, enhancing their ability to adapt to market changes.
• Government Support: The local government provides support to investors by providing advice and assistance to complete the establishment and operation procedures.
• Integrated services: include technical support, consulting and legal services, which facilitate business management and save investors time and effort.
• Strategic Location: Ajman Free Zone is centrally located with easy access to various business areas in the UAE and the world. These advantages help attract companies and provide an ideal business environment that supports business growth and expansion.

Commercial License to Establish a Company in Ajman Free Zone

The commercial license to establish a company in the Ajman Free Zone is the basic document issued by the Free Zone Administration and grants the company the right to practice the specified commercial activity. To obtain the commercial license, the following steps must be followed:

1. Choosing the type of license: Depending on the business activity, you may need to choose between different types of licenses such as commercial, industrial, or service licenses.
2. Preparing the required documents: The required documents include the founders’ passport, proof of residence, a copy of the Emirates ID, and a copy of the lease contract for the office or workspace.
3. Applying for a License: Apply for a trade license through the Ajman Free Zone website or by visiting the registration office. You will need to fill out the application form and submit all the required documents.
4. Application Review: The Free Zone Administration reviews your application and verifies the validity of the documents and information provided. Additional documents or clarifications may be requested.
5. Receiving the license: After the application is approved, you will be issued a commercial license. Make sure to receive the original copy of the license and keep it in a safe place.
6. Registration with other entities: After obtaining a trade license, you may need to register your company with other entities such as the Ministry of Human Resources and Emiratisation, to obtain work visas, and to register with local chambers of commerce.

A trade license gives you the right to legally conduct your business in Ajman Free Zone and helps you build a strong foundation for your company’s success.

How long does it take to complete the company establishment procedures?

Completing the procedures for establishing a company in the Ajman Free Zone depends on several factors, but it usually takes from a few days to a few weeks. The process involves several steps, such as submitting the application, reviewing the documents, and obtaining the trade license, in addition to any additional requirements such as opening a bank account and registering employees. The trade license can usually be obtained within one to two weeks after submitting all the required documents completely and accurately. However, the completion time may be affected by factors such as the size of the company, the type of business activity, and the efficiency of submitting the documents. For a more accurate estimate, it is best to contact the Ajman Free Zone administration or service partners such as Itqan Company, as they can provide details on the expected time based on your specific situation.

In conclusion of our article on establishing a company in the Ajman Free Zone , we find that this area provides an ideal environment for investors wishing to enter the UAE market with flexibility and efficiency. By enjoying multiple advantages such as full foreign ownership, tax exemptions, and simplified procedures, new companies can benefit from the opportunity to grow and expand in a modern and supportive business environment. Collaborating with reliable partners such as Itqan Company can greatly contribute to accelerating the establishment process and avoiding any potential complications. By choosing the Ajman Free Zone as your business location, you open the doors to success in a dynamic and evolving market, ensuring a strong and sustainable start to your business projects.