Ajman free zone company setup offers a wide range of profitable business opportunities. Due to this, demand from global investors, SMEs, and prospective business owners has significantly increased. The high expense of conducting business on the Ajman mainland and in the free zones is a significant consideration when determining whether to create a company there. There has been considerable growth in the number of Ajman free zone companies set up as a result of the low cost of mainland permits and the virtually endless potential in the free zones.
Here Know The Cost & Reasons Why Setup a Business in Ajman?
1. Smooth registration procedure
The Ajman Free Zone company setup has a simple registration process. Entrepreneurs simply need to make one visit to the free zone in order to sign the company papers in front of the authorities. All of the subsequent actions can be managed remotely. The business plan and all required company paperwork must be submitted together. If everything is set up correctly, the procedure may just take two days.
- Cost-effective and efficient
All businesses, small and large, are welcome in the free zone in Ajman. Any size business can be started on a tighter budget, then expanded affordably. Ajman Free Zone Company Formation is one of the most affordable free trade zones and is well-liked by small- to medium-sized business owners.
3. Multiple Visa choices
The Ajman Free Zone offers a number of packages with varied Visa amounts. Ajman is the best choice for someone who has no prior experience living in the UAE. Three visas and five visas, respectively, are offered through office packages including the Smart office package and Executive Office package. Some of the packages, like the Flexi-desk package, include the use of office space, equipment, and meeting rooms without the requirement to hire a permanent workstation.
4. Open to multiple business types
People are keen to obtain commercial permits in Ajman since the Ajman Free Zone is open to general trading. In addition, it provides professional and industrial licenses. The majority of the other free zones in the UAE do not offer a separate e-commerce license, which is another option you have.
5. Fast and Smooth corporate bank account opening
Many business owners who wish to open a company in the United Arab Emirates Select the Ajman Free zone since it has fairly straightforward application procedures.
6. Benefits of allowing multiple shareholders
The Ajman free zone’s ability to accommodate various stockholders is one of its advantages. Within the free zones, newly formed firms, which are basically limited liability partnerships, are permitted to have a maximum of five shareholders.
7. Strategically best location and global reach
It is no secret that the UAE is one of the best places to launch a business from a strategic standpoint. Both the eastern and western halves of the earth are accessible to it. International airports and significant seaports are located near the Ajman Free Zone, making import and export business simple. Additionally, it has excellent road connections to the neighboring emirates and is approximately 30 minutes from Dubai.
8. Low obstacles to entrance and exclusion of local sponsors’ NOC
If you wish for business Setup in Ajman Free Zone, you do not need a No Objection Certificate (NOC). Additionally, there are no ongoing requirements for bookkeeping or audits.
Cost of Setting up a business in Ajman
Whether it is a free zone, mainland, or offshore, an Ajman business license is the most cost-effective. When you wish to set up a professional company in Ajman Mainland the cost of the first year will be AED 14,000 Approx, for a Normal Trading Company the first year cost will be AED 24,000 Approx, and for a General Trading Company, the first year cost is AED 32,000 Approx.
Ajman Media Free Zone company cost would generally be AED 20,000 approx all-inclusive and Ajman Free Zone would be AED 25,000 approx all-inclusive. This may vary as per the number of visas you need, the rental space, and the business activity you determine to conduct.
Process of Company Formation in Ajman
Before plunging into the process, let us first know the needs for business Setup in Ajman Free Zone.
Requirements and Conditions
• The license must comply with the requirements set forth in the law governing trading licenses.
• To receive the relevant application forms, the investor should contact the municipality and make sure they are filled out completely for the business or license.
• The business must be established in an industrial or commercial area that has the municipality’s approval.
• The payment of the required fees
Documents Required
• Copy of each shareholder’s passport
• Either a copy of the location ownership or a lease contract
• Schematic representation of the business location
• Proof of a registered trade name
• Personal information for every manager and shareholder
Procedure
The Department of Economic Development (DED) in Ajman is the sovereignty that assists in an Ajman Free Zone Company Formation.
• For initial approval, turn in the application to the municipality’s Customer Services Center.
• Follow up with the municipality’s Inspection Unit to arrange a practical inspection of the business location.
• If necessary, get the specialty departments’ blessing within the municipality.
• Consult the AJCC in the municipality for information on how to get the trade name approved and how to get the business register and membership certificate issued.
• If a new company is established, submit all required approvals as well as the ministry of commerce receipts for registration in the companies register.
• Since fees have already been paid, visit the Customer Services Center to obtain a receipt.
