AJMAN FREE ZONE COMPANY FORMATION
Ajman Free Zone is a popular free zone located in the Emirate of Ajman, UAE. It offers a range of benefits for businesses looking to establish a presence in the UAE, including 100% foreign ownership, zero personal and corporate tax, and no restrictions on capital repatriation.
Ajman has several free zones that offer a range of benefits to businesses, including 100% foreign ownership, zero corporate and personal tax, and no restrictions on capital repatriation.
Benefits of a Ajman Free Zone Company
- 100% foreign ownership
- No corporate or personal income tax
- No currency restrictions
- No requirement to hire local employees
- Access to world-class infrastructure and logistics facilities
- Easy repatriation of profits and capital
- Confidentiality and privacy
Types of Business License
In Ajman FreeZone, businesses can obtain various types of licenses based on their specific activities and operational requirements. Here are some major types of licenses available in Ajman Free Zone:
Trading License: This license is suitable for businesses engaged in trading activities, including import, export, distribution, and storage of goods within Ajman Free Zone.
Industrial License: Issued to companies involved in manufacturing, processing, and production activities. It allows businesses to set up industrial facilities within the free zone.
Professional License: Designed for service-oriented businesses such as consultants, freelancers, and professionals in various fields, including legal, accounting, and marketing.
E-commerce License: Tailored for businesses engaged in online trading and e-commerce activities, allowing them to operate and expand their digital presence within the free zone.
National Industrial License: This license is granted to manufacturing and industrial businesses that meet specific criteria related to local value addition. It supports companies contributing to the economic development of the UAE.
Ajman Free Zone Company Formation Process
Choose a Business Activity
Choose a Company Type
Choose a Company Name
Submit Required Documents
Obtain Initial Approval
Sign the Lease Agreement
Obtain Final Approval and License
Types of Companies allowed in Ajman Free zone
Ajman FreeZone offers several types of companies for investors to choose from:
An FZE is a company with a single shareholder, either an individual or a corporate entity.
An FZC is a company with two to five shareholders, either individuals or corporate entities.
A foreign company can establish a branch in Ajman Free Zone.
A local company can also establish a branch in Ajman Free Zone.
Document Required for Company Formation in Ajman Freezone
The specific documents required for company formation in Ajman FreeZone may vary based on the type of business and the chosen business structure. However, here is a general list of documents commonly required:
- Completed application form for company formation.
- Passport copies of shareholders, directors, and other key personnel.
- Copies of UAE residency visa and Emirates ID for shareholders and directors.
- A detailed business plan outlining the nature of the business, proposed activities, and financial projections.
- A copy of the MOA, which outlines the company’s objectives and structure.
- A copy of the AOA, which details the rules and regulations governing the company’s internal affairs.
- Certificate confirming the reservation of the proposed trade name for the company.
- If applicable, a No Objection Certificate from the current sponsor of any shareholder or director.
- A bank reference letter for each shareholder or director.
- Proof of address for shareholders and directors, which may include utility bills or a tenancy contract.
- Specimen signature of shareholders and directors.
- If someone is appointed to act on behalf of the shareholders or directors, a Power of Attorney may be required.
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