adminLanded in UAE with a business plan? Want to set up a business in the UAE for the maximum return while keeping the costs of company formation and operation down? Ajman free zone is a smarter choice for foreign investors, entrepreneurs, and start-ups for economic business opportunities. Ajman is the smallest of the seven emirates in the UAE and is the hub for many businesses, trades, and industries in sectors like manufacturing, transport, real estate, retails, and business services.
Ajman free zone was established in the year 1988 on the Arabian Gulf coast to promote free zone business activities in the UAE. Its strategic location makes it a preferred choice for many investors to operate different trade activities internationally in the western as well as eastern markets. IN terms of infrastructure, Ajman free zone is one of the most developed free zones in the country with access to 2 international airports and 4 seaports.
Advantages of Ajman free zone business setup
- 100% foreign ownership
- 100% repatriation of capital and profits
- No personal or corporate income taxes
- Get the license within one day
- Cost-effective business setup compared to other Emirates
- Long-term land lease
- Enable you to follow eco-friendly practices
- Multiple visa options
- Quick and easy registration
Business setup in Ajman Free Zone
Though the business setup and operations are very economical, it requires detailed planning, preparation, decision making, and execution to set up and operates business activities legally in the country. Without the proper knowledge, guidance, and support; foreign investors might get confused during the company formation process. Ajman Free Zone Authority (AFZA) administrates the business registration process and makes rules and regulations for business operations in the free zone.
Before the business registration and license approval for company formation in the Ajman free zone, an investor needs to decide the entity type, company or trade name, types of trading activities, business license, business location in the free zone, mandatory documents for the application. When you are ready with your business plan and other things mentioned here, you are ready to register your business with AFZA. Here’s a quick guide to let you know about important things so that you can make a well-informed decision.
In Ajman Free Zone, an investor is allowed to set up a business in the following legal entity type:
- Free Zone Establishment (FZE)
- Free Zone Company (FZC)
- Branch office of an existing Foreign Company
- Branch of a UAE Company
When you are done with deciding on what legal entity type will best suit your business goals, it’s time to apply for an appropriate business based on the business activities you want to operate in the country. You can apply for the following business licenses for the Ajman free zone business setup:
- Trading License
- Professional Service License
- Industrial License
- National Industrial License
- E-Commerce License
- General Maintenance License
You will need the following documents during your business registration process with Ajman Free Zone Authority (AFZA):
- Proof of trade name registered
- Proof of approval for business activities
- Passport copies for all the shareholders
- Shareholders’ CV
- Lease agreement
- Application form for company registration
Hire a professional business consultant for efficient business setup solutions in Ajman
Hiring a professional business consultant and business setup partner can make the whole process of company formation hassle-free in the Ajman free zone. They can help you make the right decision based on your business plan and goals. Social Consultancy Services help investors throughout the business registration and office setup process. Professional and experienced business consultants will take care of legal formalities, rules, and regulations during selecting the most favorable business location, choosing a business name, preparing documents, and applying for a trade license with free zone authorities. Contact here for more details.