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Ajman free zone company formation cost

Are you looking to set up a company in the UAE? Consider Ajman Free Zone, one of the most popular business destinations in the country.


Published 2023-04-15, by James K. Houk, Columbia University

Ajman free zone company formation cost Monarchie Forum

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With its strategic location, world-class infrastructure, and pro-business policies, Ajman Free Zone is an ideal place to start and grow your business. In this article, we will guide you through the Ajman Free Zone company formation process and highlight the benefits of setting up your business in this free zone.

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What is Ajman Free Zone?

Ajman Free Zone is a designated free zone in the UAE that offers a range of business advantages to entrepreneurs and investors. Established in 1988, the free zone has grown into a thriving business hub, with more than 8,000 companies from over 140 countries operating within its premises.

Why Choose Ajman Free Zone?

There are several reasons why Ajman Free Zone is an attractive destination for business formation in the UAE:

  • 100% foreign ownership: Ajman Free Zone allows foreign investors to own 100% of their businesses, without the need for a local sponsor.
  • Easy company formation: The company formation process in Ajman Free Zone is quick and hassle-free, with minimal paperwork and processing time.
  • Strategic location: Ajman Free Zone is located near the Dubai International Airport and major seaports, making it an ideal location for import-export businesses.
  • Tax benefits: Companies operating in Ajman Free Zone are exempt from corporate and personal income taxes, import and export duties, and value-added tax (VAT).
  • World-class infrastructure: The free zone offers state-of-the-art infrastructure and facilities, including warehouses, offices, and showrooms, at competitive rates.
  • Access to a skilled workforce: Ajman Free Zone provides access to a pool of skilled and talented professionals from various industries.

Steps for Ajman Free Zone Company Formation

Here is a step-by-step guide to setting up a company in Ajman Free Zone:

Step 1: Choose your business activity

The first step in company formation is to decide on your business activity. Ajman Free Zone allows a wide range of business activities, from trading and manufacturing to services and consultancy.

Step 2: Choose your company structure

You can set up your company in Ajman Free Zone as a Free Zone Establishment (FZE), Free Zone Company (FZC), or Branch of a Foreign Company. Each structure has its own advantages and requirements, so it's essential to choose the one that best suits your business needs.

Step 3: Apply for a trade name

You need to choose a unique trade name for your company and apply for it with the Ajman Free Zone Authority. The name should not be similar to any existing company or trademark in the UAE.

Step 4: Apply for a license

Once your trade name is approved, you can apply for a business license with the Ajman Free Zone Authority. The license will specify the business activity you are allowed to conduct and the type of company structure you have chosen.

Step 5: Obtain visas and permits

You can apply for visas and permits for your employees and dependents through the Ajman Free Zone Authority. The number of visas and permits dependson your company structure and the size of your office space.

Step 6: Rent office space

You need to rent office space in Ajman Free Zone to establish your business. The free zone offers a range of options, from virtual offices to warehouses and showrooms, to meet the needs of different businesses.

Step 7: Open a bank account

You need to open a bank account for your company in the UAE to conduct financial transactions. Ajman Free Zone has partnerships with several local and international banks to facilitate the process.

Conclusion

Ajman Free Zone is a popular business destination in the UAE, offering a range of benefits to entrepreneurs and investors. With its pro-business policies, strategic location, and world-class infrastructure, it's an ideal place to start and grow your business in the region. The company formation process in Ajman Free Zone is quick and straightforward, with minimal paperwork and processing time. If you're looking to set up a company in the UAE, consider Ajman Free Zone as your business destination.