Starting a business in Ajman Free Zone is indeed a strategic choice! Renowned for its thriving trading and industrial activities including construction, manufacturing, transport services, wholesale/retail, and more, Ajman Free Zone offers a conducive environment for business growth.
Established and authorized as autonomous by Ajman ruler H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Ajman Free Zone is strategically positioned to serve both western and eastern markets. Its green and healthy economy, coupled with lower maintenance costs, makes it an attractive destination for business setup in the UAE.
With the Ajman Free Zone Authority providing warehouse facilities and smart stores, conducting business activities becomes more streamlined and efficient. These state-of-the-art facilities ensure that all your business requirements can be optimized under one roof, further enhancing the appeal of starting a company in Ajman Free Zone.
If you're considering launching your business in Ajman Free Zone, rest assured, you're making a wise decision!
Advantages of Company Formation in Ajman Free Zone
Investing in Ajman Free Zone offers numerous advantages across various sectors, attracting investors globally and fostering a vibrant business community. Here are the key benefits of setting up a company in Ajman Free Zone:
1. Commercial Advantage:
- Total exemption from customs duties on goods and services
- Foreign companies enjoy 100% ownership
- 100% return on capital and profits
- Flexible economic policies and legal structure
- Lower labor costs compared to other regions
2. Tax Advantage:
- Complete exemption from Corporate Tax
- Exemption from Personal Income tax and import-export tax
3. Structural Benefits:
- Business-friendly laws facilitating company operations
- Easy and cost-effective procedures for business setup
- Simplified and quick immigration process for workers
- Single-window clearance for various government services including licensing, visa services, and immigration
4. Infrastructural Advantage:
- Leasing land for 20 years with the option to renew for an additional 20 years
- Abundant and cost-effective energy supply
- Availability of pre-built offices, smart offices, and warehouses to accommodate companies
- Transparent pricing without hidden charges
5. Other Advantages:
- No currency barriers facilitating international transactions
- 24-hour security services provided for companies
- Simple procedures for staffing and recruitment
- Access to essential services such as banking, postal, and enhanced communication facilities
With these comprehensive advantages, Ajman Free Zone stands out as a prime destination for businesses seeking growth and success in a dynamic and investor-friendly environment.
Licenses Types in Ajman Free Zone
The Ajman Free Zone Authority offers four distinct types of business licenses, each tailored to specific business types and activities:
1. Commercial License:
This license enables businesses to store, import, export, and distribute a wide range of products across the UAE, facilitating trade activities within the region.
2. E-Commerce License:
Designed for companies engaged in electronic trading, this license category supports the growth and expansion of E-Commerce ventures, catering to both B2B and B2C market segments.
3. Offshore License:
Offshore companies established in territories outside their primary business jurisdiction benefit from this license. Managed by foreign entities or individuals, these companies utilize the offshore location as a legal address while conducting business activities elsewhere.
4. Industrial/Manufacture License:
Businesses requiring manufacturing facilities and capabilities obtain this license, allowing them to import raw materials, engage in manufacturing processes, and export finished products to global markets.
5. Service License:
This license authorizes businesses to provide consultancy services across various industries. From business centers to executive offices, this license category accommodates a diverse range of service-oriented businesses catering to specific client needs.
By offering these specialized business licenses, the Ajman Free Zone Authority facilitates a conducive environment for businesses to thrive and expand their operations within the UAE and beyond.
Types of Business Setup in Ajman Free Zone
Innovate is committed to facilitating the setup process for every business type, ensuring transparency and efficiency in company registration. Whether you're a freelancer or a foreign-based company seeking to establish operations in the UAE, we guarantee a streamlined setup process, unparalleled services, and unwavering support.
Here are the types of businesses you can choose from with Innovate:
1. Free Zone Establishment (FZE):
With a business license in this category, you operate as an independent corporate entity, enjoying full autonomy and control over your business activities within the free zone.
2. Branch of a Local Company:
Companies holding valid licenses from other licensing authorities within the UAE can establish branches in the free zone, expanding their operations and leveraging the benefits of the free zone environment.
3. Branch of a Foreign Company:
Foreign companies seeking to establish a presence in the UAE can obtain licenses under this category. While benefiting from 100% foreign ownership, sales activities are typically conducted through a UAE-registered agent or distributor.
4. Free Zone Company (FZC):
Corporate individuals forming a company within the free zone can obtain licenses under this category. Whether your business activities are service-based, industrial, or manufacturing-oriented, this license option provides the necessary framework for corporate entities.
At Innovate, we're dedicated to guiding you through the process of selecting the most suitable business type for your needs and ensuring a seamless setup experience in the UAE.
Documents Required for Business Setup in Ajman Free Zone
To initiate the setup of your business in the Ajman Free Zone, you'll need to gather the following required documents:
1. Proposed names (3 options) for Free Zone Establishment (FZE) and Free Zone Company (FZC).
2. Passport copy of the manager with a validity of at least 6 months.
3. No Objection Certificate (NOC) from the sponsor if the applicant holds a valid residence in the UAE.
4. Visa copy or entry stamp (applicable when the applicant is on a visit visa).
5. 6 or 8 colored photos with a white background.
6. Small business plan (specifically required for professional and e-commerce licenses).
7. Certificate of establishment of the parent company (if establishing a branch of a foreign company).
8. Copy of the trade license (if establishing a branch of a local company).
By ensuring you have all these necessary documents in order, you can streamline the process of setting up your business in the Ajman Free Zone, paving the way for a smooth and efficient establishment of your company.
Company Formation Process in Ajman Free Zone
The Company Formation process in Ajman Free Zone entails several key steps to establish your business successfully:
1. Collect Required Documents and Approvals:
Gather all necessary documents and approvals as per the Ajman Free Zone Authority's requirements. These may include passport copies, visa documents, business plans, and other relevant paperwork.
2. Submit Documents to AFZA:
Submit the collected documents and approvals to the Ajman Free Zone Authority for review and processing. Ensure all paperwork is complete and accurate to expedite the registration process.
3. Apply for Registration and Residency Visa:
Initiate the registration process with the Ajman Free Zone Authority and concurrently apply for the residency visa process. This step involves providing necessary documentation and fulfilling any visa requirements applicable to your business setup.
4. Determine Entity Type:
Decide on the type of entity you wish to establish within the Ajman Free Zone. Options include Free Zone Establishment (FZE), Free Zone Limited Liability Company (FZC), Branch of a foreign company, and Branch of a local company. Choose the entity type that best aligns with your business objectives and legal requirements.
5. Choose Company Name and Business Type:
Select a unique and suitable name for your company and determine the specific business activities you intend to undertake. Based on your chosen business type and activities, obtain the respective license from the Ajman Free Zone Authority.
By following these steps diligently and adhering to the regulations and requirements set forth by the Ajman Free Zone Authority, you can successfully establish your business presence in the free zone and embark on your entrepreneurial journey with confidence.
