advantages of company formation in Ajman Free Zone

Business setup in Ajman Free Zone is a lucrative option for entrepreneurs due to its strategic geographic location and the numerous incentives offered to businesses’. Ajman Free Zone is located on the west coast of the United Arab Emirates in Ajman, which provides easy accessibility to the eastern as well as the western markets. Established in 1996, the Ajman Free Zone Authority operates as the sole regulatory agency in this jurisdiction. They offer a comparatively cheaper cost to obtain licenses as well as rental spaces as compared to other Free Zones. Additionally, it is located close to Dubai and Sharjah, which makes it well connected to four seaports and two airports.

  • Exempt from import & export duties

  • The land contract is valid for a period of 20 years, which can be further renewed on completion

  • It offers excellent infrastructure and affordable renting space for offices as well as cheap labour and energy

  • Foreign investors can avail 100% ownership

  • No red tape

  • No corporate tax

  • It is one of the fastest growing Free Zones

  • Allows for 100% of repatriation of capital and profits

requirment to open a company

BASIC REQUIRMENTS

  • Establishing an FZE requires a minimum of only 1 Shareholder whereas the number of shareholders in a Free Zone company can range from 2 to 5 shareholders
  • Minimum 1 Director (any nationality)
  • Minimum capital requirement is AED 185,000
  • Virtual Office or Office Space
  • Entry permit

DOCUMENTS REQUIRED

  • Application Form duly signed by the authorised signatory.
  • Certificate of Incorporation or Certificate of Good Standing
  • Memorandum and Articles of the Association
  • Board Resolution for establishment of FZE/FZC in AFZA
  • Copies of passport of the Shareholders
  • Coloured Photograph
  • No Objection Certificate from sponsor, if the applicant is a resident of UAE

OUR SERVICES

  • Gaining an approval for company name and business activity
  • Preparing a Business Plan required for company formation
  • Assisting in the preparation of Memorandum of Association in accordance with the local laws
  • Preparing the Company Registration Documents
  • Liasoning with the Government Departments for getting the Company License
  • Assisting in opening of bank account
  • Assisting in getting Employment Visa, Medical and Emirates ID for 1 person

TIME PERIOD

Company formation in Ajman takes approximately 30 days, which includes the time takes for visa formalities as well.

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