Establishing a company in the Ajman Free Zone is an attractive option for many entrepreneurs and investors seeking to benefit from a stimulating business environment and flexible tax system. Thanks to its strategic location near Ajman Port and the presence of advanced infrastructure, the free zone has become an ideal destination for companies wishing to access local, regional and international markets. Ajman Free Zone offers a wide range of benefits and facilities that include tax exemptions, full foreign ownership of companies, and quick and simple incorporation procedures. In this article, we will discuss the most important benefits and main steps of establishing a company in the Ajman Free Zone, and how to benefit from the distinguished investment environment it provides.

 

Establishing a company in the Ajman Free Zone

Setting up a business in Ajman Free Zone offers you a wide range of benefits such as low investment cost and availability of raw materials which makes the process of sourcing suppliers easier. Another benefit is the possibility of renting offices and warehouses fully equipped with the latest technology at reasonable prices. As the local ports are easily accessible, logistics and transportation of goods both locally and internationally are easier, faster and more economical which increases the company’s returns. Of course, all these conditions make establishing your company in Ajman a smart choice.

Establishing a company in the Ajman Free Zone with the help of Itqan Company is also an ideal option for investors and entrepreneurs looking to enter the UAE market easily and efficiently. Itqan Company provides integrated consulting services and comprehensive guidance for all stages of establishing the company, from choosing the appropriate business activity to completing all legal and administrative procedures quickly and smoothly. Thanks to its extensive experience in the field of company establishment and its deep knowledge of local laws and regulations, Itqan ensures the provision of innovative and customized solutions that suit the needs and requirements of each client. The company relies on a professional and comprehensive approach that ensures that it makes the most of the many advantages offered by the Ajman Free Zone, including tax facilities and advanced infrastructure.

Steps to establish a company in the Ajman Free Zone

Establishing a company in the Ajman Free Zone requires following a set of basic steps to ensure compliance with local laws and regulations. Here are the main steps to establishing a company in this region:

1. Choosing the type of business activity: Determine the business activity you want to engage in. The activity must be compatible with the bylaws and regulations in force in Ajman Free Zone.
2. Determine the type of company: Choose the legal structure of the company such as a limited liability company (LLC), a branch of a foreign company, or a joint stock company.
3. Choosing a company name: Choosing a suitable trade name and ensuring that it is available and does not conflict with other registered trade names.
4. Preparing the required documents: Preparing and processing all necessary documents such as passports of owners and shareholders, personal status register, founding contracts and the company’s articles of association.
5. Submitting a registration application: Submit a company registration application to the Ajman Free Zone Authority and pay the required fees.
6. Obtaining approvals and licenses: Waiting to obtain the necessary official approvals and licenses from the competent authorities.
7. Renting an office or work space: Renting an office or work space within the Ajman Free Zone and signing the lease contract.
8. Opening a bank account: Opening a bank account in the name of the company in a local bank.
9. Obtaining a commercial ID card: Obtaining a commercial ID card for the company after completing all procedures.
10. Starting operations: After completing all the previous steps, you can start business operations in the Ajman Free Zone.
    These steps ensure compliance with local laws and benefit from the facilities provided by the Ajman Free Zone to establish and operate companies effectively.

Documents required to establish a company in the free zone

To establish a company in the Ajman Free Zone, you must submit a set of documents and papers necessary to complete the registration process and obtain licenses. Below is a list of required documents:

1. Registration Application Form: Complete and submit the registration application form that can be obtained from the Ajman Free Zone Authority.
2. Copies of passports: Valid copies of passports of all shareholders and directors.
3. Personal photo: A recent passport-sized photo of each shareholder and director.
4. Business Plan: Submitting a detailed business plan that includes information about the nature of the business activity and the company’s future plans.
5. Memorandum of Association and Articles of Association: Prepare and submit the Memorandum of Association and Articles of Association of the company, signed by all shareholders.
6. Initial approval of the trade name: Obtaining initial approval to use the required trade name for the company.
7. Local address: Provide a local address for the company within the Ajman Free Zone.
8. Power of Attorney: If there is an agent representing shareholders to submit applications, a signed and notarized power of attorney must be submitted.
9. Financial documents: Submitting financial statements or bank reports that prove the shareholders’ ability to finance the company.
10. Initial license: Obtaining an initial license to practice the required commercial activity.
11. Lease Contract: A lease contract for an office or work space within the Ajman Free Zone.
12. Commercial register of the parent company (if the company is a branch): If the company is a branch of a foreign company, a copy of the commercial register of the parent company certified by the UAE embassy must be submitted.
    After preparing and submitting these documents, they are reviewed by the Ajman Free Zone Authority, and then the commercial license is issued after all requirements and conditions are met.

Advantages of establishing a company in Ajman Free Zone

1. 100% retransfer of capital and profits abroad
2. 100% exemption from import and export duties
3. No tax is imposed on corporate gains or personal income in most cases
4. No restrictions on the use of currency
5. Low cost of operations
6. Pre-built offices, factories and warehouses
7. Fast establishment and licensing procedures
8. Single window for customs clearance; That is, multiple administrative services in one station
9. Provides labor recruitment assistance and additional support services, such as sponsorship and on-site housing
10. Abundant and inexpensive energy
11. Excellent infrastructure, communications, and attractive work environment

 

Itqan Company’s work in establishing companies

Itqan Company is considered one of the leading companies in the field of establishing companies in the Ajman Free Zone, and provides a wide range of integrated services aimed at facilitating the process of establishing and operating companies. Below are some of the main works and services provided by Itqan Company in this field:

Legal and commercial consulting

1. Providing specialized advice on local laws and regulations and how to comply with them.
2. Helping clients choose the appropriate legal structure for their business.
3. Preparing and preparing all documents required to establish the company, such as articles of incorporation and articles of association.
4. Submitting registration applications and obtaining the necessary approvals and licenses from the competent authorities.

Choosing a trade name:

1. Assist clients in selecting and registering the appropriate trade name and ensuring its compliance with local regulations.
2. Providing integrated solutions for renting offices and work spaces within the Ajman Free Zone.
3. Providing multiple options that meet the needs of different companies.

Opening bank accounts

1. Assisting clients in opening commercial bank accounts in local banks and providing guidance on banking procedures.
2. Providing legal translation services and authenticating documents with the competent authorities to ensure their validity and official use.
3. Providing support in obtaining residence and work visas for foreign investors and employees.
4. Organizing and facilitating residency procedures and ensuring compliance with laws related to foreign employment.

Administrative and accounting support

1. Providing administrative and accounting support services to manage the company efficiently, including accounting services, financial reporting, and internal auditing.
2. Managing commercial license renewal processes and ensuring the continuity of commercial activity without interruption.
3. Providing maintenance services and ongoing support to companies to ensure that all legal and administrative requirements are met.
4. Providing ongoing guidance and support to companies after establishment to ensure their growth and success in the market.
   Through these integrated services, Itqan ensures a smooth and comfortable experience for investors and entrepreneurs, helping them focus on developing their business and achieving success in the competitive business environment in Ajman Free Zone.

In conclusion, establishing a company in the Ajman Free Zone is a strategic step for investors and entrepreneurs who seek to benefit from a stimulating business environment and advanced infrastructure. Thanks to the great facilities offered by the free zone, such as tax exemptions and full foreign ownership of companies, Ajman Free Zone has become a favorite destination for startups and international investors. By following the basic steps and submitting the required documents, new businesses can take advantage of the many opportunities this thriving region has to offer. With specialized support from consulting companies such as Itqan, the establishment process can be simplified and the company’s success in the local and regional market can be ensured. Establishing a company in Ajman Free Zone is a promising start towards a prosperous and successful future.

Frequently asked questions about establishing a company in the free zone