Ajman is one of the seven emirates of UAE, that has been located at the Arabian Gulf coast. It has an estimated area of 260 kilometres square. Ajman has the prime industries of real estate, manufacturing, transport, retail, construction and business services.
Ajman needs the business set up with detailed planning and decision making. You have to determine the type of business activity, choose a company name, hold the necessary licenses, select particular infrastructure, hire human resources and deposit a minimum capital of a corporate bank account.
You need to have a business setup consultant to look into the legalities of the business setup. Ajman has various management consultancies that provide opportunities to investors to help in all business set up formalities.
The Company Formation in Ajman
The company formation rules and guidance of Ajman helps to set up your business here. The needed licenses such as Service or Industrial License, General trading or Professional license and Commercial or trading license are a must. You have to opt for an offshore company, free zone or a mainland in Ajman.
The Ajman Free Zone
The launch of Ajman free zone took place in the year of 1988 at the Arabian Gulf Coast. This has access to two International airports and four seaports that led to the flourish of companies in the region.
There occurs secure business setup procedures at Ajman free zone companies with the issuance of business licenses for established companies that are managed by the Ajman Free Zone Authority. You must have authority to open a company in the Ajman free zone.
Benefits of business set up in Ajman Free zone are:
The newly formed free zone is the Ajman Media City Free Zone that has digital facilities and comprehensive media in UAE. This matches the professional mindset of businesses and individual entrepreneurs.
The city of Ajman includes the free zone with high-tech telecom, top-notch digital customer service, communication links and incentives for interested entrepreneurs to start a business at Ajman Media City free zone.
The commercialized geographical areas of all business entities are directly registered under the government of Emirates and the authorities of mainland companies.
The most developed economy of the mainland has legal structures of the Government policies. You require a local sponsor for starting a business in the mainland of Ajman.
The 51% share of the company goes to the local sponsor and the remaining 49% will be owned by the business person. The mainland company of Ajman should have the following business entities like:
The offshore of Ajman can be regulated by the Ajman Free Zone Authority. This seems similar to other offshore jurisdictions that keeps a company’s confidentiality, as there are no taxes involved for the registered agent. The Ajman offshore company engages in the UAE offshoring business.
The jurisdiction involves certain activities like:
The Advantages to Set up a Business in Ajman
Steps for Ajman Company Registration
The following steps are followed to start a company at Ajman:
Required Documents
A particular set of documents are mandatorily needed for the registration process.