One of the advantages of setting up in the UAE is that you have plenty of free zones to choose from. And among the most popular ones, you can find the Ajman Free Zone available for you. However, you first need to learn how to open a company in Ajman Free Zone before start doing business here.
In this article, you will learn everything regarding the company setup process in this free zone of the UAE. Here we will show you how to complete each step of the process to complete it satisfactorily. Besides, you can also find useful information about the application for getting a business license in this location. Let’s observe:
- Why should you consider Ajman Free Zone as your chosen business location for setting up?
- What benefits can you obtain by setting up your company in this popular free zone?
- How can you open your company in Ajman Free Zone successfully?
- Learn how to apply for a business license to operate your company in Ajman Free Zone.
- How many types of business licenses can you find in this UAE free zone?
- What is the cost of setting up your business in Ajman Free Zone?
- How can Connectfz help you set up your company in Ajman Free Zone?
Why should you consider Ajman Free Zone as your chosen business location for setting up?
Learning how to open a company in Ajman Free Zone is easier than you think. And you will realize why this location is so popular among investors like you. Here you can enjoy the strategic location of this free zone and allow your business to grow exponentially. Besides, you can also get the benefit of having multiple options regarding General Trading license, packages, and many more elements.
On the other hand, you can receive many support services and resources to allow your business to grow even faster. Furthermore, you can complete your business setup process in a matter of time and with the guidance you need. Therefore, keep reading this article to learn more about this process and the license application process too.
What benefits can you obtain by setting up your company in this popular free zone?
You can easily learn how to open a company in Ajman Free Zone and also get many advantages. For instance, these are some benefits that this free zone offers to investors:
- Full repatriation of all profits and capital.
- Total exemption from several taxes, including corporate, personal income tax, and duty tax on import and export.
- No restrictions on the currency.
- 100 percent of your company’s ownership.
- Easy access to world-class infrastructure, facilities, and resources.
- Affordable licenses and Ajman Free Zone cost.
In case you’re a foreign worker, here you can find relevant information about the e-channel immigration system in the UAE.
How can you open your company in Ajman Free Zone successfully?
The best way to learn how to open a company in Ajman Free Zone is step by step. And by following 6 simple steps, you will be able to start doing business in this free zone. Therefore, let’s see how to complete those steps to allow your company to start operating in your chosen location.
Determine the type of legal entity you want to establish.
Firstly, you need to choose what type of company structure you desire to set up in the free zone. Remember that there are limited options when it comes to setting up in a location like this. Nonetheless, you are free to choose between these choices:
- Free Zone Company (FZC).
- Free Zone Establishment (FZE).
- Branch of a foreign company.
- Branch of a local company.
Choose your business activities.
There are plenty of options you can choose from to set up your business in this free zone. And in this location, you’ll find out that most activities that are permitted in the country are also permitted here. Besides, there is also a variety of licenses to cover your business activities.
Select a trade name that suits your business.
Give your company a name that identifies it, but remember that you have to follow some rules about it. For example, you cannot include sensitive or religious content when choosing your trade name. And there are other rules in case you want to name it after you or another person.
Make and submit your application for a business license.
This is another vital step that the process requires. Therefore, make sure to select a suitable business license that can cover all of your activities. After selecting it, you need to submit your application along with the required documentation. You’ll receive a notification about the issuance of your license within a few working days.
Apply for the number of visas that you require.
A visa is a document that you’ll need to live and work in the country, and specifically in your chosen free zone. And because of that, you must apply for the visas you need for both you and your company. This is in case you want to provide your dependants and employees with visas.
Open a corporate bank account for your company.
And lastly, you have to open a business bank account for your company. In this case, you’ll also have a lot of options; you can choose a local or an international bank. Besides, you can make the process easier by letting a specialist take care of this step for you.
Here you can learn about the way in which you can obtain a free zone visa in the UAE.
Learn how to apply for a business license to operate your company in Ajman Free Zone.
Before concluding this guide about how to open a company in Ajman Free Zone, you should learn how to get your license. The first thing that you need to do is submitting your application form to the pertinent authorities for initial approval. After that, the free zone authorities will verify your chosen business location and you will get their approval.
One of the approvals that you will need to obtain is for your trade name. In addition, it will be necessary the issuance of your membership certificate as well in order to continue the process. After you obtain all required approvals and your registration receipts, the next step will be paying all necessary fees.
Once you complete this process, you’ll receive your issued license and you will be able to continue your setup process. Keep in mind that you have to renew this license annually by following a similar process.
Here you will find the guide you need to become a self-employed worker in the United Arab Emirates successfully.
How many types of business licenses can you find in this UAE free zone?
Depending on the kind of business that you want to set up, you’ll need a certain type of business license. And getting any of these licenses is part of learning how to open a company in Ajman Free Zone. Therefore, you should take a look at the variety of business licenses that you can find in this free zone.
Trade or Commercial license.
It’s among the most common licenses among investors and entrepreneurs. And it has the main function of allowing them to trade many types of products within the free zone. Besides, it also covers a variety of related activities, such as exporting, importing, and distributing goods. Keep in mind that the Ajman trade license cost may vary depending on several elements.
If you get E-commerce license in UAE, you’ll be able to carry out different electronic trading activities in this free zone. For instance, you can perform media entertainment e-trading, automotive e-trading, fashion retail e-trading, and many other e-commerce activities. Some other activities that it covers are events ticketing e-trading and industrial equipment e-trading.
Industrial or Manufacture license.
With this other business license, you can carry out multiple industrial activities if your company’s activities require it. For instance, you can import raw material to do other activities, including manufacturing, processing, packaging, assembling, and exporting products. In addition, having this license allows you to export your finished products abroad as well.
This is also one of the most popular business licenses among investors working in Ajman Free Zone. There is a wide variety of services that your company can legally provide within the free zone with this license. And some of the most common services that are allowed are business consultancies, accounting services, and many others.
If you are a professional and want to provide your services individually, this is the business license that you’ll need. Besides, this free zone guarantees successful business growth for individuals who want to become freelancers. On the other hand, you will also need an Ajman Free Zone freelance visa, which you can find easily.
Apart from those licenses, there is another special license that is exclusive for young people who want to become professionals. However, you must know that it is only for those who are between 20 and 30 years old. Nonetheless, it’s the ideal tool for undergraduates and postgraduates, as well as young startups and entrepreneurs.
This one is exclusively for offshore companies that do business within this free zone in Ajman. And with this license, those companies can carry out several activities, such as one activity to general trading. Furthermore, there are other allowed activities, like consulting/advisory services, professional services, international services, and many more.
What is the cost of setting up your business in Ajman Free Zone?
This will mostly depend on factors that you choose, like your business license, visas, and facilities. The Ajman Free Zone trade license cost is approximately AED 3,200, and it’s the cheapest. However, you can also find affordable prices for the other available licenses.
If you include all elements that you need, the total cost of setting up your company is around AED 25,000. Nonetheless, you should always keep in mind other elements that represent a significant cost in the long term. For instance, those could be the renewal fees for your license and visa.
Do you want to know about the NOC (No Objection Certificate) in the UAE? Here’s what you need to know.
How can Connectfz help you set up your company in Ajman Free Zone?
Besides learning how to open a company in Ajman Free Zone, you can also get many advantages with Connectfz. And the main one will be making the business setup process faster and more efficient. And in case you want to choose another free zone, we will help you find your ideal location quickly.
On the other hand, we also offer many business packages that will vary according to your chosen business location. And with these packages, you can get the licenses and visas you need to run your business legally. In addition, you can also get the facilities and support services that your company requires.
Furthermore, we can provide you with other services as well to make your business even more efficient in the short term. For example, if you need to hire new employees, you can request our recruitment services and find the best candidates. Similarly, you can request staff outsourcing services to find more professionals in no time.
Would you like to contact Connectfz to obtain more useful information about the business setup process in a UAE location like Ajman Free Zone? If you have any questions, you can call us on +97143316688. Or you can email us at firstname.lastname@example.org, and you will talk to one of our representatives who will gladly answer your questions.