Ajman provides cost-effective options for business registration in Ajman Free Zone in addition to offering various other beneficial incentives to foreign investors. Presence of world-class infrastructural network, flexible legal framework, tax incentives, and excellent logistic facilities are some of the advantages that make business setup in Ajman a highly lucrative investment. Moreover, Ajman has a strategic location at the entrance of the Arabian Gulf, with proximity to Sharjah and Dubai, and convenient accessibility to four ports and two international airports, Ajman Free Zone is aptly situated to serve the eastern and the western markets.
Process of Company Formation in Ajman
Conditions and Prerequisites
Licensee must be eligible and qualified according to the law pertaining to trading licenses
The investor should apply to the municipality to obtain the necessary application forms and make sure one completes all that is required for the business or the license
The place of business is to be setup in an industrial or commercial location that enjoys the approval of the municipality
Payment of the applicable fees
Leasing contract or copy of the location ownership
Schematic drawing for the business location
Submit the application form at the Customer Services Center in the municipality for initial approval
Follow up with the Inspection Unit in the municipality for inspection of the business location in real terms
Obtain the approval of the specialized departments inside the municipality, if applicable
Check with the AJCC in the municipality on how to obtain the approval for the trade name and issuing of business register and membership certificate
In case of establishment a new company, submit all the necessary approvals, in addition to receipts from the ministry of trade as acceptance into the register of the companies
After all fees are paid, submit the application to the Customer Services Center in order to get the receipt
What documents are required to register an offshore company in Ajman?
To register an offshore company in Ajman, one would need the passport copies and address proofs of the directors and shareholders, bank reference letter, and CV of the shareholder.
When should one opt for an offshore company?
An entrepreneur looking to avail tax benefits applicable in a region, while maintaining anonymity, should go for setting up an offshore company.
What is an offshore company?
An offshore company, also known as non-resident company, is a business entity which does not indulge in any substantial business activity in its country of origin.
What is the tax levied in Ajman?
There is neither any corporate tax nor personal income tax levied in Ajman. In addition, there are no requirements for a business in Ajman to prepare annual financial statements or tax returns for authorities, making it easy to manage.
What kind of companies are eligible to be part of Ajman Free Zone?
All types of lawful business operations are allowed. Weightage is givento not the size but the type of business to be established, which is mainly light & medium industry, trading and service sectors, subject to the approval of Ajman Free Zone authority.
What are the special benefits offered to new investors in AFZA?
AFZA allows 100% foreign ownership and is free from all types of taxes. Trade licenses are issued within 24 hours. Investors have 24 hours accessibility to their offices without any complications or security procedures.