How to establish a company in Ajman

Establishing a company in Ajman in cooperation with Itqan Company is a strategic and important step for investors seeking to benefit from the modern and supportive economic environment in the emirate. It also provides many competitive advantages for Ajman, such as low company establishment costs, advanced infrastructure, and flexible laws, an ideal opportunity for new companies to grow and expand. Itqan Company is considered a reliable strategic partner in this process, as it provides its specialized advisory and legal services that ensure compliance with local and international legislation, and facilitates the procedures for establishing a company in Ajman and licensing efficiently. Thanks to this strategic partnership, investors can make the most of the economic opportunities in Ajman and build a successful and sustainable business. Through this article, we will learn about many of the details and services provided by Itqan Company.

How to establish a company in Ajman

Steps to establish a company in Ajman Free Zone

To establish a company in Dubai and establish a company in the Ajman Free Zone, several steps must be followed. Here are general steps for establishing a company in the Ajman Free Zone:

• Choosing a company type: Choose the company type that suits your needs, such as a sole proprietorship, a limited liability company (LLC), or a public joint stock company, according to the business activities you want to practice.
• Identify the business activity: Determine the business activities you wish to engage in and ensure that they are compatible with the free zone permit.
• Choosing a trade name: Choose an appropriate trade name and make sure it is not similar to the names of other registered companies.
• Submitting an application for incorporation: Submit an application to establish the company to the relevant authorities in the free zone, and the required documents must be submitted, such as the registration form, the investment agreement form (MOA), the shareholders’ passport, and others.
• Providing the necessary documents: Required documents must be provided, such as a copy of the shareholders’ passport, a business plan for the company, and approval of the trade name.
• Payment: Pay the fees required to establish the company and obtain the necessary licenses.
• Receiving licenses: After reviewing the application and documents, the necessary licenses to establish the company are granted.
• Opening a bank account: Open a bank account in the company’s name to manage financial operations.
• Registration in government bodies: Register the company with the relevant government bodies necessary for the company’s activity, such as taxes and social insurance.
• Visas and Residences: You may need to arrange residence visas for foreign employees and key investors, according to local policies.
• Starting work: After completing all the previous steps, you can start working in your company in the Ajman Free Zone.

Please note that the exact steps may vary slightly depending on the type of company and local laws, so it is necessary to obtain local legal advice from Itqan before starting the company formation process.

Advantages of establishing a company in Ajman Free Zone

Establishing a company in Ajman Free Zone provides many advantages that make it an attractive destination for investors and entrepreneurs. Here are some key advantages:

• Tax exemption: Companies in the free zone enjoy complete exemption from taxes on income and profits for long periods, which enhances profitability.
• Full foreign ownership: Foreign investors are allowed to own companies 100% without the need for a local partner.
• Transfer of profits and capital: Companies can transfer profits and capital completely freely without any currency restrictions.
• Strategic Location: Ajman is located in a strategic location that provides easy access to major markets in the Middle East, North Africa and South Asia.
• Advanced Infrastructure: Ajman Free Zone provides modern infrastructure and advanced facilities to support various types of commercial and industrial activities.
• Ease of procedures: The procedures for establishing companies in the free zone are characterized by simplicity and speed, allowing investors to start their businesses quickly and efficiently.
• Low Cost: Company formation costs in Ajman are reasonable and competitive compared to other free zones in the UAE, making it an attractive economic option.
• Availability of labor: Ajman provides an attractive work environment that provides ease in attracting skilled labor and employees.
• Logistics services: The free zone is distinguished by providing integrated logistical services, including nearby ports and airports, which facilitates the movement of goods and shipping.
• Government support: Companies receive comprehensive government support that includes various facilities and services to enhance business growth.
• Investment environment: Ajman provides an encouraging investment environment that provides great opportunities for expansion and growth thanks to the flexible and encouraging laws for investment. By choosing to establish a company in the Ajman Free Zone, investors can benefit from these many advantages to start and grow their business in a supportive and stimulating environment.

Submit an application to establish the company and the required documents

To establish a company in the Ajman Free Zone, a set of basic documents must be submitted to the Free Zone Authority. Here is a list of required documents:

1. Registration application form: Fill out the company registration application form, which can be obtained from the free zone office or from its website.
2. Copies of passports: Providing copies of passports for all shareholders and directors in the company.
3. Personal photos: Provide recent personal photos of all shareholders and directors.
4. Memorandum and Articles of Association: Prepare and submit the company’s Memorandum and Articles of Association (MOA and AOA) signed by all partners. This contract should include details about capital, participation percentage, and business objectives.
5. Business Plan: Submit a detailed business plan that explains the company’s objectives and activity, financial plan, and expected growth.
6. Trade name approval: Submit a document of approval for the reserved trade name from the competent authorities in the free zone.
7. No Objection Certificate (NOC): If a shareholder works in the UAE, it may be required to provide a NOC from their current employer.
8. Authorization of a director: Submitting a document appointing directors and authorizing them to act in the name of the company (if necessary).
9. Lease contract: Submit a lease contract for the company’s office within the free zone. Ready-to-rent offices can be provided by the free zone authority.
10. Bank letter: In some cases, a bank letter may be required confirming the availability of the required capital.
11. Signature Form: Provide a signature form to all shareholders and directors.
12. Certificates of Qualifications: Sometimes, certificates proving the qualifications and experience of shareholders and directors may be requested.
13. Fees: Pay the fees required to register the company and obtain the necessary licenses.

Steps for submitting documents

1. Preparing documents: Collect all required documents and ensure their validity and accuracy.
2. Submitting the application: Submit the application and documents to the Ajman Free Zone Authority in person or via their website.
3. Application review: The authorities will review the application and documents submitted.
4. Obtaining approval: After reviewing the application, the authorities will issue approval to establish the company and issue the necessary licenses.
5. Receiving licenses: Receiving the licenses and certificates required to start work.

Make sure to check the official website of Ajman Free Zone or contact a legal advisor such as the experts of Itqan Company to obtain the latest information and updates about the required documents and procedures.

How can we help you establish a company in Ajman Free Zone?

Establishing a company in Ajman Free Zone can be an easy process if you know the right steps and required documents. Itqan Company can help you in this process thanks to its experience in the field of establishing companies. Here’s how we can help you:

Initial consultations

• Evaluating your needs: We will evaluate your business needs and guide you to choose the most appropriate type of company and business activity.
• Advice: We provide you with advice on available business activities and the best options for establishing your company in Ajman.
• Name reservation: We help you choose and reserve the trade name for your company to ensure its distinction and non-repetition.

Preparing documents

• Preparing legal documents: We help you prepare all the required legal documents such as Memorandum of Association and Articles of Association (MOA and AOA).
• Collection of personal documents: We help you collect personal documents such as copies of passports and personal photos.
• Submitting the application: We submit the application on your behalf to the Ajman Free Zone Authority, and we follow all necessary procedures.
• Follow-up procedures: We follow all necessary procedures to ensure that the application is accepted and licenses are issued quickly.

Licenses and registration

• Receiving licenses: We help you receive all licenses and certificates required to establish the company.
• Company Registration: We help you register the company with the relevant government agencies.
• Opening a bank account: We help you open a bank account for your company to ensure ease of managing financial operations.
• Visa arrangement: We help you arrange residence visas for you and foreign employees if necessary.

Ongoing support

• Administrative Support: We provide ongoing support to the company on administrative and legal matters.
• Additional Services: We provide additional services such as office rental and advice on growth strategies.
• Extensive experience: We have long experience in the field of establishing companies in the Emirates.
• Customized Service: We provide customized services to suit your specific needs.
• Save time and effort: We help you save time and effort by handling all the bureaucratic procedures on your behalf.

Your next steps

• Contact Us: Contact us for a free initial consultation.
• Coordination meeting: Set a coordination meeting to discuss the details of establishing your company.
• Starting the procedures: Start the procedures for establishing your company with us in easy and quick steps.
• We at Itqan aim to make the process of establishing your company in the Ajman Free Zone easy and smooth, while providing full support at every step.

Advantages of establishing a company in Ajman Free Zone

The cost of establishing a company in the free zone

Establishing a company in one of the free zones in Ajman involves some basic costs. First, there are fees for obtaining a license to establish a company in the free zone, which vary according to the type of activity and services required. In addition, there are the costs of preparing the company’s articles of association and articles of association.

Furthermore, there may be additional costs for office or factory space that the company will need within the free zone. These costs vary greatly depending on the size and type of space required.

Other licensing costs must also be taken into consideration, such as work permits for employees and social insurance. There may also be costs for legal and tax advisory services during the incorporation process.

In general, the cost of establishing a company in the Ajman Free Zone is affected by several factors such as the type of activity, services required, and rented space. Therefore, it is important to estimate these costs accurately before starting the establishment procedures.

In conclusion, Ajman free zones are an attractive option for entrepreneurs and companies wishing to expand and grow. In cooperation with Itqan Consulting Company, investors can benefit from the advantages provided by these areas, including tax exemptions and administrative facilities. By utilizing Itqan’s expertise in incorporation and licensing procedures, new companies can launch with confidence and focus on developing their business in a conducive business environment. Thanks to the guidance and support provided by Itqan, startups can achieve the desired success and enhance their position in the local and regional market.

Frequently asked questions about establishing a company in Al-Manqa Al-Hurra