Ajman Free Zone: Company Formation & Advantages Explained

Introduction

Ajman Free Zone is a cost-effective and business-friendly jurisdiction in the UAE, which makes it a perfect destination for startups, SMEs, and international investors. The Ajman Free Zone is a strategic location close to Ajman Port, which provides modern infrastructure, flexible office and warehouse, and quick company set-up procedures. The companies enjoy full foreign ownership, tax-free, license packages are cheap and accessibility to regional and international markets.

Providing various license types, low operation expenses, and regulations that are open to investors, Ajman Free Zone has become an attractive place where business owners can easily set up a business in the UAE.

In this article, we will discuss the Ajman Free Zone and the company registration in more detail. So, let’s dive into it.

Various Facilities For Business In Ajman Free Zone

The Ajman Free Zone has various facilities in different sectors. Let’s discuss more about the office & warehouse and business facilities in this free zone.

Offices & Warehouse Facility

You will get:

• Warehouses: The warehouses are built such that they will cover all the regions surrounding the Ajman Sea Port. The expanded area of the warehouse will help new businesses to set up their company.
• Offices: These offices in the Ajman free zone can either be present in a separate tower, somewhere nearby or in the headquarters of the free zone.
• Flexi–desks: You will get to use the Flexi-desks without any monthly usage restriction, and these are also present either in the headquarters of the free zone or somewhere nearby.

Another great facility of the offices and warehouses is that you will get the immigration office and customs, both across the track from Ajman Free Zone.

Business Facilities

• Complete ownership of the organization
• Full foreign possession
• Simple transmission of profits and capitals
• Freedom from export and import responsibilities
• Freedom from any kind of taxes
• Beneficial pricing of using facilities
• Affordable rates on electricity usage
• Affordable rates of rents
• Simple access to affordable labour
• Good infrastructure
• Easy service to proceed with various transactions
• Receive quick service, such as getting a license in 1-day

Different Types Of Licenses In Ajman Free Zone

Here are the different types of licenses in the Ajman free zone.

Commercial License

Commercial License enables companies to trade, import, export and distribute goods as well as store them either within or outside the UAE. It is suitable for trading companies dealing in single or multiple products.

Industrial / Manufacturing License

This license is granted to those businesses that are engaged in manufacturing, processing, packaging or industrial production. It also involves physical infrastructures like warehouses or factories in the free zone.

Service License

Service License suits best the consulting and professional business, as well as service-related ones. It deals with management consultancy, IT services, marketing and advisory services.

E-commerce License

An E-commerce License allows companies to market their goods and services online using digital platforms, websites, and marketplaces and serves both domestic and global clients.

Offshore License

An Offshore License is designed for businesses not based in the UAE. It is usually applied in the case of holding the assets, international trading and tax planning without any physical operations in the UAE.

More About Industrial Licenses in Ajman Free Zone

There are some rules for obtaining an industrial license in the Ajman-free zone. Firstly, the establishment should be issued to GCC countries’ nationals having at least 51%. The entire manufacturing process should be within the free zone, at least 40%.

The establishments with qualified national licenses are free from paying any kind of customs fees for exports from several GCC nations. For the offshore licenses, the firms should run their business from a foreign land.

Documents Needed for Company Registration in Ajman Free Zone

The documents required for company registration in Ajman Free Zone depend on the type of firm you incorporate.

Here are the various documents that will be required based on the types of companies:

For Free Zone Establishment (FZE)

• A passport copy that has a minimum 6-month validity period.
• If the applicant lives in the United Arab Emirates, the sponsor will provide a letter stating that they have no objections.
• Colored photos
• Visa or UID

For Free Zone Company (FZC)

• Passport copies of every partner who has a minimum 6-month validity period.
• Colored photos of the partners
• Visa copies or UID
• If the applicant lives in the United Arab Emirates, the sponsor will provide a letter stating that they have no objections.

For Branch

• A passport copy of the firm’s manager, which must have a minimum of 6 months’ validity
• Colored photos of the firm’s manager
• Manager’s visa or UID
• Copies of the trade license and the MOA
• Board Resolution Copy

Company Registration In Ajman Free Zone

The best part about company registration in the Ajman Free Zone is that your work will be done in 24 hours, and the process is easy, plus cost-friendly too. Our business experts at Odint Consulting can assist you with the procedure to set up a company in the Ajman Free Zone.

Here is the list of documents that are necessary for you to keep ready when thinking of registering a company in the Ajman Free Zone.

• Passport-size photo
• Passport copy
• Company name
• Residential address, phone number, and email
• Business plan
• Business activity

To make the process of company setup easier, you can take the help of consulting companies. One of the best consulting services is provided by OnDemand International services, where we take our clients’ work as our own, and strive to meet ends any way.

There is a set of documents that you would need after your company is successfully set up. Those are:

• Chamber of Commerce registration certificate
• License
• Memorandum (for companies that have several partners)
• Lease agreement

With the help of all these documents, you will be able to register for a bank account in Dubai.

Cost Of Company Registration In Ajman Free Zone

The price range of the company set up in the Ajman free zone starts from the minimal cost of AED 5,000 per license.

It is undoubtedly an amazing opportunity to get a license at such an affordable cost in the market of the UAE. The other price packages depend on the allocation of visas and business operations. To say the least, the lowest cost is around AED 13,535 for the Trade license suitable for 1 visa.

Renewal

The company renewal price remains the same as the cost of registration. Renewal can be possible without the personal visit done by the owner. After renewal, you will get:

• Renewed lease agreement
• New license
• An audit report is not required.
• Renewed Chamber of Commerce certificate

Conclusion

When deciding where to incorporate a business in one of Dubai’s free zones, Ajman Free Zone is a fantastic option. Being the oldest, this zone will provide you with numerous advantages, including complete foreign ownership, a lack of business taxes, reduced property and office rental expenses, no taxation on personal income, and more.

This zone has proved to be a perfect hub for new entrepreneurs to start their company, and if you start looking for a consulting service to help you in your journey, consider contacting our experts at OnDemand International.

We are always on our toes when it comes to serving our customers. It is our sole duty to provide our clients with the best service and guide them through their company formation journey. So, contact us today!

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