Ajman free zone business setup

Ajman free zone business setup
Ajman free zone business setup

Ajman free zone business setup, UAE has seven states; in which Ajman is the smallest one. The boundaries of Ajman are joint to Sharjah and also with UAQ. Ajman is quick growing emirates; that is it make each and every effort to develop in the same way like Dubai; and also other emirates; so that to place itself on the uppermost of the global chart; which is with a large business project and also capitalization.

The key charm of Ajman is the gorgeous Persian Gulf beach; which is stretches for 20 miles. Well Ajman is a very much low cost as well as a valuable port; which is for cargo from both the east and west world. Moreover, mortgage is non-existent in Ajman; the real estate market; however, is very pleasant to investors, both locally as well as internationally. Ajman is also considered as the entry point to the Asia and to the Europe as well as to an Africa. A lot of expat like to go for Ajman free zone business setup; irrespective of the ownership rule. Because of its strategic position Ajman free zone business setup become the leading option of investors.

Ajman free zone business setup

Usually, to run a private firm in UAE or for company formation in UAE; foreigners is permitted to have maximum of 49% of share in a company; whereas Local partner will enjoy 51% of Share. But there is a one exclusion in UAE law about share restriction; that is the Free Trade Zone. Ajman free zone business setup; allows 100% owner ship to overseas investors. Ajman is also enjoys several natural characteristics; and also features creating it one of the central key spot in the county; and thus making it one of the most important center for investments; that can open new options and opportunities in the world of economy.

Characteristic of Ajman free zone business setup

  • Ajman free zone business setup enjoys little energy costs. Thus, it is well-known for energy intensive companies like manufacturing. For this type of business; Ajman free trade zone offer an industrial license.
  • Ajman free zone business setup having industrial license with 51% share for the GCC citizens; that is eligible for “UAE Certificate of Origin”. From the Ministry of Economy and Commerce; UAE, be nominated them for a customs duty exemption in member states of the GCC; provided the worth addition in Ajman free trade zone; has been at least 40% of the total final value of the related product.
  • Entrepreneurs acquire a 20 year land lease; which is further, renewable for another 20 years, and so on in this way it reach to 40 years tax free operations
  • Expat always like, in fact they love to see lower formation cost. Keep in mind this factor; Ajman free trade zone provide low set up cost; as compare to the other free trade zone. E.g., Ajman Free trade Zone eliminates business set up fees. Furthermore, office as well as house lease rate in Ajman free trade zone; are very much lower than the other free zone of UAE.
  • Ajman free zone business setup is easier as well as economical than set up an LLC. For example, it is possible to acquire ‘flexi desk’ facility as an office; which is a small space with a desk and internet connection etc. which is accessible for rent hourly; that is 5 hour per week; but it is subjected to availability.
  • 100% foreign owner ship is permitted for Ajman free zone business setup. A free zone enterprise (FZE) needs a minimum of one shareholder. Furthermore, there is no such limitation on the repatriation of capital.

Advantages of Ajman free zone company setup

Following are the key merits of an Ajman free zone company setup.

  • Ajman free zone company setup has a great advantage; as compare to the other free zone companies; due to a strategic location in the UAE.
  • Ajman free trade zone offer all facilities; such as power, tale communications along with medical services.
  • The Ajman free trade zone authority supports all free zone investors; that is for their business formation.
  • 100% ownership are permits for Ajman free zone company setup
  • A Well premeditated set up of the roads, ports and transport and also free zone.
  • At this stage let me tell you one more advantage; that’s why client is very keen for Ajman free zone. Or you can say one more solid point that you need to keep in mind. And I think it is the most important point for Ajman free zone. That is Company formation in Ajman free trade zone provide many facilities to investors. That is least set up cost; and also 100% tax free; also multi-currency bank account; and also 0% custom duty; and also there is no currency moving limitation.
  • Ajman free zone company setup offer ajman port facilities; which is for imports as well as exports.
  • A very improvement financial structure of Ajman free trade zone.
  • Ajman free zone Company has Low cost of set-up for many industries compared to other free zones in UAE.

Structure allowed in Ajman free zone company registration

Till this stage we explain a lot of thing about Ajman free zone business setup. That is, what is an Ajman free zone business setup; what are the advantages of an Ajman free zone business setup; why we want to set up business in Ajman free zone? Now it is the time to say something regarding the structure. Following are the major types of an Ajman free zone company setup.

  • Joint Liability Company
  • Simple commanding Companies
  • Limited Liability Company

Joint Liability Company setup in Ajman free zone

Two or more than two partners can form such type of company. But which is only a UAE locals can form this kind of a company. Because in such sort of a business setup in Ajman; partners are accountable to all founds as well as liabilities of the company. And also there is no agreement that will form this in otherwise. Company bankruptcy will lead to bankruptcy of all the partners.

Simple commanding company setup in Ajman free zone

Two or more than two partners can form such type of company. It is further divided in to two types. The first is JLC that we define in first section; and second is like an LLC; where all the partners are responsible to their own share.

Limited Liability Company setup in Ajman free zone

Two or more than two partners can form this sort of company. For an LLC company setup minimum of 2 and maximum of 50 partners required. For Ajman LLC the capital requirement is Dhs 150.000 divide in to equal share; which is the share value is not be less than 1000 Dhs. The partners are answerable to his or her own share; that is partner which is not responsible for entire company liability. The Local sponsor share is not be less than 51% of the total share.

You can also check catering license in Ajman

Type of license for Ajman free zone company setup

Following are the foremost type of licenses used for Ajman free zone company setup

Trading license for Ajman free zone business setup

Ajman free trade zone authority issues such kind of a license; to those who need to trade physical goods in Ajman free trade zone; additionally, such type of a license is further categorized in to 4 parts

  • 1 activity Trade license
  • 2 activity Trade license
  • 3 activity Trade license
  • General Trading license

Services License for business setup in Ajman free zone

Ajman free trade zone authority issues such kind of a license; to those who wish to perform service activities within the free trade zone; such as a management consultancy license, an IT consultancy and also a marketing etc.

Industrial License for Ajman free zone business setup

Ajman free trade zone authority issues this type of a license; for those who are expert in the field of manufacturing, as per the environmental standards as well as a manufacturing policy in Ajman. Ajman free trade zone authority offers a warehouse and also a smart store to support this kind of activity.

National Industrial License for Ajman free zone company setup

Ajman free trade zone authority issues such kind of a license; which is for Ajman free zone company setup; to industrial organizations that match the following criteria.

  • The organization must be registered with GCC countries nationals owning minimum of 51%
  • Organizations having national license qualified to acquire the license are exempt from customs fees on exports from GCC countries
  • Minimum 40% of the manufacturing process must be within the Free Zone

Offshore License for Ajman free zone business setup

Ajman free trade zone authority issues this type of a license; to those who want to form an Ajman free trade zone company for international business only; that is with no local business.

E-Commerce Licenses for Ajman free zone business setup

Ajman free trade zone authority issues this sort of a License; to those who wish to form an electronic trading company. That is for online business formation.

Type of Company allowed in Ajman free zone business setup

Following are the 4 major type of business set up that are allowed by the Ajman free trade zone authority

Ajman Free Zone Company (FZC)

2 or more than 2 partners can form such type of a company; in Ajman free trade zone. In such type of a company an individuals as well as companies can act as a shareholder.

Required Documents for Ajman free zone company setup

  • 1 passport size picture
  • Passport which is valid for a 6 months
  • Fees of 100 Dhs for free zone trade name approval
  • Also a full Feasibility study in case of an industrial; a service and an electronic activities
  • NOC from a current sponsor; that is if applicant is a UAE resident as employee

Ajman Free Zone Entity (FZE)

Ajman free trade zone authority issues such type of a license; to a single owner with a separate legal capacity. IT will be owned as a 100% by either individual; or company having founding capital of approximately 185,000 AED.

Required Documents for Ajman Free Zone Entity

  • Fees of 100 Dhs for free zone trade name approval
  • 1 passport size picture
  • Passport which is valid for a 6 months
  • Also a full Feasibility study in case of an industrial; a service and an electronic activities
  • NOC from a current sponsor, if applicant is a UAE resident as employee

Branch of Foreign Company

Ajman free zone authority issues such kind of license to an overseas company; that is branch setup in UAE as well as representative office inside the free trade zone.

Required Documents

  • Fees of 100 Dhs for free zone trade name approval
  • 1 passport size picture.
  • Passport which is valid for a 6 months.
  • NOC from a current sponsor, if applicant is a UAE resident.
  • Also a complete Feasibility study in case of an industrial; a service and an electronic activities
  • A board resolution of the mother company; that is to acquire the license and open branch inside the Free trade zone at ajman. The UAE embassy should attest the resolution in between the concerned country; and also form the UAE Foreign Affairs.
  • Certificate of registration for the parent company; The UAE embassy should attest the resolution in the concerned country; and also by UAE Foreign Affairs.
  • MOA for the mother company; that is the UAE embassy must attest the MOA in the concerned country; as well as from the UAE Foreign Affairs Ministry

Branch of a Local Company

Ajman free zone authority issues this type of license to local companies; that is to open a branch in side the free trade zone.

Required Documents for Branch of Local Company

  • 1 passport size picture.
  • Passport which is valid for a 6 months.
  • Original valid trade license
  • Feasibility study in case of industrial, service and electronic activities
  • Fees of 100 Dhs for a free zone trade name approval.
  • Original Trade Register Certificate
  • Original Certificate of membership
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