business setup in Ajman Free Zone

The UAE is widely known for being one of the most successful business hubs in the world. And it is also popular because of its many business locations available for both foreign and local investors. For example, many of those investors and entrepreneurs choose their business setup in Ajman Free Zone, a very favorable place.

In this article, you will learn everything you need to learn about this popular free zone in the UAE. For instance, here you’ll find information about the business setup process and some elements that you must keep in mind. Besides, other relevant information about licenses and benefits is also available here. Let’s observe:

  1. A brief overview of the Ajman Free Zone location in the UAE.
  2. Why should you consider setting up your business in this free zone?
  3. How many benefits does this free zone offer to investors like you?
  4. What types of industries can you join in the Ajman Free Zone location?
  5. How can you complete the business setup process in this free zone?
  6. What documents do you need to complete your company setup process?
  7. Learn about the available business licenses that you can apply for in Ajman Free Zone.
  8. How much can cost to set up a business in this UAE free zone visa?
  9. How can Connectfz help you set up your business in Ajman Free Zone?

A brief overview of the Ajman Free Zone location in the UAE.

This free zone has been one of the most outstanding business locations in this country since its foundation in 1988. And along the years, it has received countless awards and recognitions due to the many achievements it has accomplished. Besides, it is still a popular free zone among investors from all around the world.

In fact, Ajman Free Zone is home to thousands of businesses that enjoy several advantages in this location. Therefore, taking into consideration your business setup in Ajman Free Zone is one of your best choices. Nonetheless, you should also keep learning more interesting facts about this business location to have a better setup experience.

And that is the main why here you will learn about its benefits, the company setup process, and more. In addition, learning about the many industries that work in this free zone will also be useful knowledge. On the other hand, you also need to know about its available licenses and the required paperwork to set up.

Other business locations like Ajman Media City Free Zone (AMCFZ) can also be excellent options for setting up your company.

Why should you consider setting up your business in this free zone?

There are plenty of reasons why your business setup in Ajman Free Zone can be a profitable idea. And due to its competitive advantages and incentives, this location made it to the top free zones in the UAE. Therefore, let’s take a look at those favorable elements that you should keep in mind when setting your business:

Strategic location.

This free zone is one of the best locations for importing and exporting different kinds of goods. Besides, it offers different transportation options for these activities, including by road, water, and air. Furthermore, investors have easy access to local airports as well.

Low business setup costs.

Regardless of the size of your business, setting up in Ajman Free Zone is an affordable option for you. Completing a small business setup in Ajman involves several details, including license, visas, office space, and business activities. However, the total cost of the setup process is in fact a cost-effective option you should consider.

Multiple packages and visa options.

Another advantage of setting up in this location is that you can choose between a variety of startup packages. These tools include the business licenses you need along with a determined number of visas. For example, choosing a smart office package can provide you with up to 3 visas. You can also find the Ajman free zone freelance visa among those packages.

Easy and quick issuance of business licenses.

In addition, the application and issuance processes of your business license are efficient and simple. The registration process is also a straightforward process that does not require too much effort or time. And after meeting all requirements, you can start operating your company within a few working days.

How many benefits does this free zone offer to investors like you?

Besides the ones we previously mentioned, you can also find other useful benefits and incentives to make your business thrive. And depending on the kind of business that you decide to build, you can get even more benefits. But for now, let’s see some of the most common advantages that all investors can get in Ajman Free Zone:

  • You can hold 100 percent of your company’s ownership.
  • There is 100 percent of repatriation of profits and capital guaranteed.
  • No duty tax on import and export at all.
  • There is also full exemption from corporate and personal income tax.
  • There are no currency restrictions either.
  • Easy and straightforward process to set up your company and apply for licenses.
  • Cost-effective solutions for business licenses and visas.
  • Affordable lease rents and electricity costs.
  • Investors and entrepreneurs can obtain resident or employment visas for their employees.
  • They can also access a pool of talent and find high-qualified candidates.
  • Access to world-class infrastructure and resources, including global connectivity and transportation.

What types of industries can you join in the Ajman Free Zone location?

You can find a variety of thriving industries that work in this successful free zone in the UAE. And if you are planning to complete your business setup in Ajman Free Zone, you can join any of them. For example, some of the most popular industries in this location are automotive, oil & gas, textile, jewelry, among others.

However, you can also build a company related to the media industry, education, food & beverage, construction, and many others. Health and beauty industries are also profitable options for startups and small businesses, just like agriculture, sports, and similar industries.

Make sure to select an industry that covers all business activities that you desire to carry out in this location. And in this case, you can ask for professional advice to get the guidance you need.

If you want to become an educator, here is what you should know about the KHDA approval in the UAE.

How can you complete the business setup process in this free zone?

All Ajman free zone companies need to follow certain steps to complete the setup process. Firstly, investors must determine their business activities and type of company formation (FZE, FZC, or branch office). After that, it’ll be necessary to choose a proper name for their companies, but they also must follow certain rules.

Applying for a business license that covers their activities is the next step. And similarly, they need to apply for the visas they require to run their business effectively. They have to submit their applications along with the required paperwork, and also open a business bank account. This way, they can complete their business setup in Ajman Free Zone and start operating your company.

You can also learn about other popular free zones available in the emirates of Ajman, Sharjah, and Ras Al Khaimah.

What documents do you need to complete your company setup process?

Depending on the type of entity you decide to set up, you will have to gather and submit some documents. For example, if you choose to open a Free Zone Company (FZC) or a Free Zone Establishment (FZE), you’ll need these:

  • A colored photograph of each business partner.
  • A copy of each partner’s passport and must be valid for at least six months.
  • Also a visa copy or UID for each business partner.
  • And the No Objection letter from the sponsor if the applicant is a resident of the UAE.

On the other hand, you can also choose to set up a branch of an existing company. However, in that case, you will need to submit these other documents:

  • A copy of the company’s trade license.
  • A copy of the Memorandum of Association (MOA).
  • Passport copy of the company’s manager. It must be valid for at least six months.
  • A copy of the Board Resolution.
  • And a visa copy or UID of the company’s manager.

if you are changing your visa you should go here How should you complete the Visa change process in the UAE? Discover all you need to know about it

Read this guide to learn more information about the business setup process in UAE locations like Ajman Free Zone.

Learn about the available business licenses that you can apply for in Ajman Free Zone.

Another favorable element of completing your business setup in Ajman Free Zone is that you can choose between several licenses. And of course, you will be able to find the most common business licenses for foreign investors in free zones. For example, the commercial or trading license is one of the most popular licenses available for you.

However, it is important to consider the Ajman trade license cost, which is also affordable enough. It costs approximately AED 13,500 and it is including a package eligible for 1 visa and also know the benefits of General Trading. There’s another option that changes the Ajman free zone trade license cost, which is choosing a package for 2 visas.

But in case you are looking for other licenses, there are many others available. Like the service license package eligible for 1 visa and it costs around AED 16,100. Other business licenses that you can get are these ones:

  • Freelance license.
  • Pioneers license.
  • E-commerce license.
  • Offshore license.
  • Industrial license.

Discover here some useful information about the application process for getting a business license in the emirate of Ajman.

How much can cost to set up a business in this UAE free zone?

The total cost for setting up your company in this free zone will depend on several factors. And the main one would be the cost of your chosen business license, which can also vary. Nonetheless, it’s safe to say that the minimum license cost is approximately AED 5,000, depending on your type of license.

On the other hand, the business setup cost will also depend on the number of visas that you require. The rental space and business activities can also make a significant change in the total cost. And including all these details, the total cost for setting up in Ajman Free Zone would be around AED 25,000.

But there are other elements that you must keep in mind when calculating the cost of having a company. For example, Ajman free zone license renewal fees must be paid annually if you want to continue with your business. Get in touch with a specialist to know how much your business setup can exactly cost.

Here you will be able to find more tips about the company formation process in Ajman Free Zone, UAE.

How can Connectfz help you set up your business in Ajman Free Zone?

The most efficient way to complete your business setup in Ajman Free Zone is by having a business partner. For example, you will be able to speed up your company setup process if you have Connectfz as your partner. Besides, you can also get the information you need to build and improve your company.

Additionally, after setting it up, you can carry out your company’s operations more effectively with our services. For instance, requesting our HR consultancy services can help you upgrade your HR department and its processes or tasks. On the other hand, you can also request other services like UAE entry market services, visa services, and many others.

Would you like to contact Connectfz to obtain more useful information about the business setup process in a location like Ajman Free Zone? If you have any questions, you can call us on +97143316688. Or you can email us at info@connectfz.ae, and you will talk to one of our representatives who will gladly answer your questions.

Kinjal

Kinjal
Kinjal works at Connect Service Middle East as a sales assistant. She graduated from Mumbai University in India and moved to the United Arab Emirates in 2018. She specializes in UAE mainland company formation, freezone company formation, bookkeeping, VAT registration, and PRO services.

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