Ajman provides cost-effective options for business registration 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.
Benefits of Starting a Business in Ajman
When it comes to advantages that businesses receive after setting up a business in Ajman, here are a few you must know,
No currency restriction
No mandatory to file yearly audit
Conduct business with local market
No limit on activities
Zero capital requirement
No visa limit
Special Features of Ajman
Ajman is known for having a strategic location as it is located between Dubai and Sharjah
It has all the facilities readily available such as telecommunication, power, and medical services
National capitals are available
Ajman port provides facilities for imports and exports, maintains, and vessels repair
State-of-art infrastructure such as port, roads, transport, and industrial zones
Governments pro-business incentives to all the investors, boosting and enhancing their capabilities in carrying out their business carefully
Basic industries are available providing raw materials required for ready and semi-manufactured industries
Low cost of operation of many industries compared to other free zones in the world
Financial incentives and transfer facilities are also available encouraging investment
Legal Entities Available in Ajman
The different types of company structures available in Ajman are,
Joint Liability Company
Can be started with two or more partners
All partners must be from the UAE
The partners must be liable in their own funds and properties in regard to the company’s liabilities and no agreement shall be applied otherwise
The bankruptcy of the company shall lead to the bankruptcy of all the partners
Simple Commanding Company
Can be started with two or more partners
Partners are in two categories
Category of one partner shall only be liable within the limit of their shares in the capital
All the partners in the partnership company must be nationals from the UAE and their share in the company’s capital shall not be less than 51%
Limited Liability Company
The capital of an LLC must not be less than Dhs 150,000
The partners must not be less than two, nor exceed fifty
The partners must not be liable for the company’s liability other than in proportion to their shares in the capital
The national must be of emirate of Ajman
The owner of the license shall be liable to meet all the liabilities pertaining the establishment towards the others
The national shall not meet any liabilities arising in the name of the establishment or due to conduct of the owner of the license
Foreign companies can also set up subsidiaries and branch offices in Ajman.
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
It takes 1 day to receive the license and the business setup cost in Ajman depends on the license that is chosen
People who want to set up a business in Ajman can experience the efforts taken by the government when it comes to ensuring that all the business owners who want to establish a business have their needs met with. The needed amenities of each sector are present to further facilitate the business owners who are looking to begin their venture in Ajman. Over the years, Ajman has been developing ways to diversify its investments. A variety of businesses are now residing in the Emirate such as manufacturing, retail, and services. There are even more organizations that are being set up each day. Transport companies in Ajman are reaching a higher number and even IT companies in Ajman as well. These established businesses provide economic diversity that pushes other business owners to invest in this Emirate.
After going through all the things Ajman has to offer, anyone would want to start their business here. If you are one of them, we at Business Setup Worldwide can help you with it. Our advisors in Ajman have years of experience in this field and can help you in business formation in smooth and hassle-free manner. For more information, contact us today.
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.