Ajman is a dream come true for entrepreneurs looking to form a company. The emirate offers cost-effective options for company formation along with a list of beneficial incentives to foreign investors. The government in Ajman has been developing ways to grow its investments, which has brought more and more businessmen to the emirate for manufacturing, retail, and services. And the business location doesn’t get any better than Ajman, it is located at the entrance of the Arabian Gulf, which is close to major cities, four ports, and two international airports.
5 Easy Steps for Company Formation in Ajman
Submit Application
The Customer Services Center will give initial approval for your company. The first step will be to submit a company application to them.
Verify Location
You will need to choose where you want your company to be located. After you have found the spot, you will need to get in touch with the Inspection Unit.
Get Approval
Get approval from the specialized departments in the municipality.
Trade Name
Check with the AJCC on how to get the trade name approved and the business register and membership certificate issued.
Pay Fees
Submit all fees to the Customer Services Center. It will take about a day to receive the license after the fees are paid and you’ve gotten your receipt.
Documents Required for Company Formation in Ajman
Finding a Location for Your Company in Ajman
Ajman Mainland
Ajman’s Mainland offers a global opportunity for foreign investors interested in trade, investment, and industrial establishment. Its world-class infrastructure and competitive pricing are just some of the many reasons entrepreneurs look to set up their company here. There are so many advantages to forming a company on the Mainland, like no corporate or personal taxes, no minimum capital is required to get the company started, there’s flexibility for doing business anywhere in the UAE, and there are no limitations on the number of employment visas.
Ajman Offshore Company Formation
An Offshore company is a convenient way to get a company up and running in no time. These companies enjoy the benefits of provision of 100% foreign ownership, no corporate or personal taxes, no restriction on the repatriation of capital or profits, and complete confidentiality and protection of assets. Company incorporation is pretty quick for an Offshore business and only takes about two days.
Ajman Free Zone
Ajman Free Zone company formation is a cost-effective way of doing business in the emirate. Not only is the price right, but so is the location. Ajman’s Free Zone is perfectly situated to serve the eastern and western markets. Companies in a Free Zone enjoy no corporate or personal tax, as well as no import and export tax, and no customs duty for goods and services. There’s also an abundance of amenities ready for your company to set up in like, business facilities, bank services, postal services, and more.
Business Licenses for Your Company Formation in Ajman
One of the biggest steps in forming a company is deciding what type of business activity it will be. Manufacturing, real estate, retail, construction, transport, and business services are the most popular companies in Ajman right now. Your business license will depend on what type of company you plan to have. These are 6 types of business licenses you can apply for in Ajman
National Industrial License
There are a couple of requirements for this license. First, the company must be registered with the Gulf Cooperation Council, and they must own 51% of its shares. And at least 40% of the manufacturing should be done in the Free Zone
Trading License
This is sometimes referred to as a commercial license. Any company that plans to do any type of trading will need this license. This includes import, export, and re-export of goods and services.
Industrial License
Industrial licenses are required for any industrial or manufacturing activity. This includes processing goods using raw materials that are local or imported as well as businesses that include textile, metals, paper, petroleum products, and even food.
Professional License
This license gives a company permission to do business in a profession they are talented at, based on their educational qualifications. This includes carpentry, printing and publishing, beauty salons, medical services, graphic design, repair services, and more.
E-commerce License
Ajman is an excellent place for E-commerce business, with around 42% of the population in Ajman and the UAE making online purchases. An E-commerce license will facilitate online business partnerships with the Free Zone to tap into the growing industry.
General Maintenance License
If you want to have a maintenance business in Ajman, then you will need a General Maintenance License. This license will give the company permission to make repairs on buildings and make sure they remain in top shape.
Why Company Formation in Ajman is Right for You?
- 100% foreign ownership in an Ajman Free Zone
- Tax benefits
- No corporate or personal tax
- No import/export tax in Free Zone
- No customs duty for goods and services in Free Zone
- The business registration process is simplified and straight-forward
- Foreign investors can get a 20-year land lease
- No limit on visas on the Mainland
- Business-friendly laws for companies
The Cost of Company Formation in Ajman
If you want to do business in the UAE, Ajman is a cost-effective option. However, the price will greatly depend on what type of company you want to have and where you want to set it up, whether it be in the Mainland, Free Zone, or Offshore.
There are some fees that are pretty standard when setting up a company in Ajman, like a business license fee, the cost of renting office space, the cost for a local sponsor, and document fees. No matter what you are looking for, MSZ Consultancy will work with you to find the best price for company formation in Ajman.
The Best Consultants for Company Formation in Ajman
Ajman company formation is known for its quick and hassle-free process, but that doesn’t mean that you won’t stumble upon a hurdle. We, at MSZ Consultancy, guarantees that you will have a smooth setup process by having us on your side. We are a leading management consultancy and advisory firm with over 15 years of experience that make businesses happen in the UAE. We know all the rules and regulations in the UAE to help guide you through the formation process. If you partner with us, we will make sure your company is set up and successfully running.
Contact us today on +971 52 544 1248 for a free consultation and see how we can help you with company formation in Ajman.
WHAT DO WE DO?
We are your one-stop for everything you need for forming a company in Ajman. We have been facilitating international business and corporate solutions to help passionate entrepreneurs across the globe for over 15-years. We provide company incorporation and business setup services in Ajman. Our team of experts has in-depth knowledge in the field of consultancy and will guide you through the best options suited for your company.
HOW DO WE HELP?
At MSZ Consultancy, we do all of the hard work for you. We will guide you through the administrative, financial, and legal processes that you will need to start a company in Ajman. We help with everything you need from company formation, securing a space and a sponsor, answering any financial questions you have, and making sure you have all the legal paperwork you need for your company formation in Ajman.
WHY CHOOSE US?
We provide customizable services for you and your company to ensure that you get everything you need at an affordable price. We won’t just be around for your company to get started, but we will stick by your side for your corporate needs down the road, like PRO services, product registration, company liquidation, and more. We are more than just a service provider; we want you to consider us a long-term partner.
Our Success Stories
Learn How Companies Have Used the Experts at MSZ Consultancy to Form a Company in Ajman
Mr. Mujeeb has been very helpful since the beginning. He was not only focused on the procurement process of the license alone. He took his time to explain to me what are my best options for various activities. He took time to listen and understand his client’s needs. The entire process was a breeze! Thank you, Mr. Mujeeb and to MSZ!
I dealt with Mujeeb, who was very prompt at responding to my initial enquiry.
He listened to what I wanted, he did not presume anything or try to sell me something I didn't require or would not fit my purposes and always responded to my emails swiftly.
I am extremely satisfied with the service received from MSZ Consultancy and would definitely recommend them.
As MSZ consultancy has guided me to get my business license last month, I found it to have both a professional and friendly environment simultaneously, I recommend to everyone who is looking for business setup consultants in Dubai. Mr. Zubair was really understanding, cooperative and helpful throughout the process.
As easy as it could be, MSZ helped me setup my business and everything has just been uphill from there. The staff and the Employees were all so easy to talk to and friendly, 100% would recommend MSZ to everyone looking to setup their business.
Frequently Asked Questions
What are the types of business licenses available in Ajman?
– National Industrial License
– Trading License
– Industrial License
– Professional License
– E-commerce License
– General Maintenance License
What documents are required to get initial approval for company registration in Ajman?
You will need a copy of your passport, a copy of a family book or identity card, and a NOC from the current sponsor.
What is the procedure for reserving a trade name in Ajman?
You can go online to reserve a trade name or go through an authorized document clearing office or approved consultancy firm.
What type of business activity can a branch of a foreign company practice in Ajman?
Indirect industrial business, commercial business, and professional activities can be practiced.
Is having a physical office mandatory for business in Ajman?
Yes, you will need a physical office with a minimum space of 550 sq ft.
What is the minimum capital requirement for company formation in Ajman?
The minimum capital required for a Free Zone Company or Free Zone Establishment is AED 183,500.
What is the procedure for issuing a license in Ajman?
Reserve the trade name, get preliminary approval, draft an MOA, get a service agent contract for an occupational license, and get a lease contract for your real estate agency.
What are the steps for company formation in Ajman?
Submit an application, verify the location for your company, get approval from the specialized departments in the municipality, register your trade name, and pay fees.
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