A company in Ajman Free Zone

Establishing a company in the Ajman Free Zone is an important investment step, as it provides investors with many advantages and opportunities. This includes easy access to regional and global markets, the possibility of enjoying tax and customs facilities, as well as flexible legal legislation that allows companies to be managed efficiently and easily.

In the heart of the Emirate of Ajman lies the free zone, a haven for investors and a center for international business. This region is distinguished by its advanced infrastructure and flexible legislation that attracts companies from various sectors to join it. Thanks to its strategic location and easy accessibility, Ajman Free Zone is considered an important commercial hub in the region.

In this article, we will talk about the benefits of establishing companies in the Ajman Free Zone, in addition to the basic steps needed to establish a company in this vital region. We will also highlight promising investment areas and emerging opportunities that investors can explore in this growing market.

It is important to understand that establishing a company in the Ajman Free Zone requires careful study and good planning, so in this article we will provide advice and guidance for new investors who are thinking about joining this leading environment in the business world. We will reveal the secrets of success and the potential challenges they may face, with the aim of providing comprehensive information that will help them make the right and informed decisions on their journey to build their companies in the Ajman Free Zone.

What is the free zone in Ajman?

In the Emirate of Ajman, free zones form an essential part of the economic infrastructure, and are considered one of the most important drivers of economic and investment development in the emirate. One of the most prominent free zones in Ajman is the “Ajman Free Trade Zone”, which provides an ideal environment for companies and investors to establish and develop businesses. The Ajman Free Trade Zone is distinguished by its distinguished strategic location on the Sharjah-Ajman Road, making it easily accessible from various parts of the Emirates and neighboring regions.

Ajman Free Trade Zone provides a variety of advantages and benefits to businesses and investors, including:

• Suitable investment policies: The Ajman Free Zone provides a stimulating investment environment characterized by flexible policies and encouraging legislation for companies and investors.
• Facilities for companies: Ajman Free Zone offers a range of facilities for companies, including providing land and modern buildings at competitive prices, and providing company registration services quickly and easily.
• Tax reductions: Ajman Free Zone allows companies to benefit from tax reductions and financial exemptions, which enhances business profitability and attracts more investments.
• Advanced Infrastructure: The Ajman Free Zone ensures the provision of advanced infrastructure that includes logistics, transportation and communications facilities, which facilitates shipping and distribution operations and supports business growth.
• Access to Global Markets: Ajman is located close to major Dubai sea ports, providing opportunities to access global markets easily and efficiently.

Steps to establish a company in the Ajman Free Zone

Here are the basic steps for establishing a company in the Ajman Free Zone :

1. Choosing the type of company: You must decide the type of company you want to establish, whether it is a sole proprietorship, a limited liability company, or a joint stock company.
2. Choosing a company name: You must choose an appropriate name that is not similar to the names of other companies in the commercial registry.
3. Submitting a registration application: Establishing a company requires submitting a registration application to the Ajman Free Zone Administration. The application must contain the personal information of shareholders and managers, details of the proposed business activity, and the type of company.
4. Submitting the required documents: The required documents usually include the company’s incorporation instrument, registration application form, a copy of the identity of shareholders and directors, and the office lease contract.
5. Pay the necessary fees: Registration fees and other administrative fees required to complete the incorporation process must be paid.
6. Obtaining the necessary licenses and permits: After submitting the application and paying the fees, the documents will be reviewed and then the necessary licenses and permits will be issued to start work.
7. Opening a bank account: Once licenses are obtained, a bank account must be opened for the company to manage financial and business matters.
8. Establishing a company office: You must establish a company office in the free zone and ensure compliance with all required rent and space requirements.

Fees required to establish a company in the free zone 

The fees required to establish a company in the Ajman Free Zone vary depending on the type of company and its services provided. Here are some approximate fees that may be required:

• Company registration fees: These fees include the fees required to register the company and obtain the necessary license to conduct business in the free zone.
• Annual license fees: These fees depend on the type of business activity and the size of the company, and are paid annually to maintain the company’s operation.
• Additional Services Fees: Some additional services such as work visas or logistics may require additional fees.
• Legal and Consulting Services Fees: If you use the services of an attorney or legal advisor to assist you in the company formation process, there may be additional fees for these services.
• Virtual Office Fees: If you need an operational address in a free zone, you may need to pay a monthly or annual fee for virtual office services.
• Labor and visa fees: If you need to hire employees for your company, you may need to pay fees for work visas and labor costs.

Basic regulations for a company in the free zone

Establishing a company in the free zone requires submitting a set of basic documents to ensure compliance with local laws and legislation. These documents vary slightly depending on the type of company and the economic activity you intend to engage in. Here is a list of basic documents you may need to establish a company in the free zone:

1. Company Registration Application Form: An official company registration form must be submitted with full details of shareholders and company information.
2. A copy of the company contract: A company contract must be prepared that specifies the company’s structure, objectives, shareholders’ details, and the method of distributing profits.
3. A copy of the passport for shareholders: A copy of the passport must be submitted to all shareholders in the company.
4. Copy of residence permit: In some cases, a copy of the residence permit may be required for shareholders.
5. Bank letter: A bank letter must be submitted proving that the capital necessary to establish the company has been deposited in a specific bank account.
6. Copy of the business plan: A copy of the company’s business plan, including market analysis, marketing strategy, and financial projections, may be requested.
7. Tax form: In some cases, a form of tax form may be required to register the company for tax purposes.
8. A copy of the lease contract or office license: A copy of the lease contract or office license must be submitted to confirm the company’s location.

How to open a bank account for my company in the free zone

Opening a bank account for your company in the free zone is an important step to ensure that financial operations run smoothly. Here are general steps to open a bank account for your company in the free zone:

• Search for the right bank: Search for banks that provide services that suit your company’s needs in the free zone. You can search online or ask other business owners in the area for recommendations.
• Preparing the required documents: Before visiting the bank, make sure to prepare the required documents, which may include, for example:

1. A copy of the company contract.
2. A copy of the shareholders’ passport.
3. A copy of the residence permit for shareholders.
4. Tax application form (if required).
5. A copy of the lease contract or office license.

• Visit the bank: Visit the chosen bank with the required documents and talk to the corporate accounts employee. The employee will guide you through the account opening process and will ask you to fill out the application forms and submit the necessary documents.
• Signing the Documents: Once you complete the process of submitting documents and filling out the forms, you will need to sign the required documents.
• Waiting for approval and receiving bank details: After submitting the documents, it may take some time to process the account opening request. Once approved, your bank account details will be sent to you, including the account number and bank contact details.
• Deposit capital and start financial operations: After receiving the account details, deposit the required capital and start using the company account to carry out the necessary financial operations.

The role of our company in establishing the Ajman Free Zone

Itqan Company can play an important role in the process of establishing a company in the Ajman Free Zone . Here are some of the roles that Itqan Company may play in this context:

• Legal and regulatory consulting: Providing advice on local laws and legislation related to establishing companies in the Ajman Free Zone, and ensuring that all procedures are carried out in accordance with local laws.
• Financial Planning: Assisting clients with financial planning for establishing a company, including determining expected costs, estimating required capital, and analyzing expected return.
• Preparing documents and reports: Assisting clients in preparing the necessary documents to establish the company, such as agreements, contracts, and other legal forms.
• Mediating with local authorities: Communicating with the relevant government agencies and local authorities in Ajman to facilitate and accelerate the process of establishing the company.
• Assistance in strategic selection: Providing advice and guidance on the strategic selection of the type of company and business activities suitable for the local market.
• Support in management and daily operation: After establishing the company, Itqan Company can provide support in management and daily operation of the company, such as accounts, auditing and human resources.

In short, Itqan can be a strategic partner for clients in the process of establishing companies in the Ajman Free Zone, providing comprehensive support on all legal, financial and operational aspects.

At the conclusion of this article, we find that establishing a company in the Ajman Free Zone represents a favorable and interesting investment move. It provides an excellent environment for business, where companies can benefit from many competitive advantages and government facilities. Its presence in a strategic location facilitates access to regional and global markets. In addition, establishing the company in the Ajman Free Zone reflects your commitment to economic development and contributing to the growth of the local and global economy. Therefore, this step can be considered a strategic step that has a significant impact on the success and development of your business in the future.

The most important frequently asked questions about establishing a company in the free zone