Ajman free zone is one of the top zones where enormous development in the infrastructure and cementing of strong economic base is taking place on a regular basis. Today Ajman is considered as a haven for established and young entrepreneurs on its unbeatable advantages in business operations. This zone is well placed for trading operations in the Eastern and Western markets. Ajman port is able to offer world class facilities for traders from different parts of the world. Moreover, Ajman is very near to the two international airports and four ports of Sharjah and Dubai. All these factors are collectively enhancing the importance of the Ajman free zone.
Those who are interested in doing a business in this zone should have a valid business license. There are several types of licenses. You should apply for a license depending on the type of business activity that you are planning to setup in the zone. Most of the people, especially foreign investors will have confusions regarding the procedures that have to be followed to get a valid business license. As a business consultant we are able to provide all kinds of assistance to register a company and run it successfully. Our experience in the field allows us in making necessary arrangements for company formation and allotment of necessary space as per client's requirement.
Most of the industrialists are keen on the corporate benefits available from the zone. When compare the cost associated with setting up a business in any other country with the Ajman free zone, it is very low here. Plus, you are getting many types of operational advantages. Some of the corporate benefits include:
Ajman has recorded an impressive industrial growth in the recent past. Finished products from Ajman are exported to nearly 70 countries. Some of the industries that are thriving well in the region includes Textiles, Food and Beverage, Timber and wood products, Paper products, Chemical and Plastics, non-metal products, Machinery and Equipments and various conversion industries.
Documents to be submitted for a business license vary depending on the type of business you are going to start. However, there are documents that have to be submitted by everyone. They are as follows:-
You can choose a free zone depending on the type of business activity you are going to perform there. Some of the free zones that are particularly meant for each activity include
The main capital requirement depends on the type of business activity that you are planning to set up in a Free Zone. Specifications regarding the capital requirement depend up on the Free Zone you select for trading activities.
Choosing a legal form depends on the business type, trading activities, nationality of the owner and the preferred ownership options. Some of the common forms are:-
The procedures for setting up a company in a free zone are direct and easy to complete. General steps involved in it are as follows.
Normally it will take 3 weeks to finish the whole procedures. If there is any delay in the documentation procedures, then it will take 6 weeks to finish the registration process.
Free zones are attractive as it provides lucrative options to the companies. Some are the following:-Free zones are attractive as it provides lucrative options to the companies. Some are the following:-
Yes, it is mandatory, below are the property options:
A Free Zone license will give you 100% ownership of your company and complete control of your business. Incorporating your business in a Free Zone also tends to be a cheaper and easier process.
An advantage of a Non Free Zone setup is that this type of license allows you to freely operate in any area of the UAE. Even though a local Emirati sponsor who would have 51% ownership of your company, certain businesses simply work better with a Non Free Zone license. In other words, when you have a Free Zone license, you are allowed to operate only within that Free Zone but with a Non Free Zone license, you will not be restricted to one area.
