Ajman Freezone
Business Setup In Ajman Freezone
Ajman is one of the seven emirates that comprise the United Arab Emirates, and it is home to the Ajman Free Zone (UAE). It was founded in 1988 to give enterprises with a tax-free and fully serviced operating environment. The free zone is governed and developed by the Ajman Free Zone Authority (AFZA). It provides a variety of commercial services, such as company formation and registration, visa and immigration aid, and office and warehouse renting.
Businesses in the Free Zone include trading and manufacturing firms, as well as service providers such as consulting firms and advertising agencies. The AFZA region is larger and has easy access to ports, airports, and major transportation networks. In trade, imports, exports, contracts, visas, E-commerce, and banking facilities, companies have the same legal status as any other UAE Free Zones Company. When compared to other free zones in the UAE, the AFZA free zone intends to give significant cost savings to entrepreneurs. You Wish to Establish a Business in the Ajman Free Zone.
Advantages Of Establishing An Ajman Free Zone Authority Company
There are various advantages to establishing a business in the Ajman Free Zone:
Step-By-Step Guide To Forming An Ajman Free Zone Company
When you deal with a business formation professional, your path to Ajman Free Zone company establishment is as straightforward as five steps.
Outline your company's activities.
When launching a business in the UAE, the first step is to decide on a business activity or activities. Accounting and bookkeeping, consultancy, hospitality, information technology, marketing, trading, and transportation are among the activities permitted in the UAE. While the type of activity you can undertake in AFZ is broad, it is critical that you identify all intended activities on your license application. Failure to do so may result in significant issues later.
Select a name for your business.
The following step is to select a company name. This stage requires a bit more consideration in Ajman than in much of the rest of the globe because the UAE imposes a stringent, yet simple, set of name conventions that will be unfamiliar to anyone outside of the region. When naming your company, keep in mind that it cannot contain any offensive or blasphemous words, nor any references to Allah or Islam. If you want to incorporate your full name in your company name, rather than just your surname or initials, you must do so. Finally, make sure that the name you want to use is accessible for registration. Again, a business formation specialist may assist you with this process, offering choices and ensuring that the name you want is available.
Submit your licence application.
Making your application is the next and most critical step in establishing your Ajman Free Zone business. The specific procedure will vary depending on the type of business you seek to establish. There are numerous options: a local or international company’s branch, a Free Zone Company (FZC), or a Free Zone Entity (FZE). Most of the time, you will be requested to provide:
- Each partner must have a passport with a six-month validity period.
- Each partner will receive one colour photograph.
- There is no objection. If the application is a UAE resident, a letter from the applicant's current sponsor is required.
- A business plan is required when applying for an Industrial or Service license.
- If you want to start a branch, you may be requested to give the following information:
- Board Resolution on the Memorandum and Articles of Association
- Power of Attorney Certificate of Incorporation
- A Certificate of Registration issued by the appropriate authorities in the nation where the firm is registered.
- If your application is thorough and error-free, you could get your business licence in just one business day. Working with a business formation professional throughout the incorporation procedure is an excellent way to ensure this.
Apply for visas.
You can now apply for any visas you may require now that your licence is secure. This phase, as well as your licence application, might be handled by a company formation expert. You can apply for a visa for yourself as well as those of your employees and dependents, such as your spouse, children, and domestic help. In most circumstances, the number of visas you can apply for is determined by the size of your business and the licence package you choose. When it comes to applying for dependant visas, the process is relatively simple as long as you match the eligibility requirements.
Open a corporate bank account.
The final step in getting your Ajman Free Zone business up and running is to register a corporate bank account. For multinational entrepreneurs, this is not always an easy task. There are numerous local and international banks to select from, each with its own set of application and acceptance criteria and navigating them can be difficult.
Establishing a business in the Ajman Free Zone
As you can see, getting started in AFZ is a five-step procedure. While the process is not difficult, it does necessitate an adept eye. Any mistakes in your application could cause it to be delayed or denied. That is why working with a company setup professional to help you start your firm is a fantastic choice. When working with a company formation specialist, all you need to offer is some basic documentation and information about the nature of your firm. Then sit back and let the specialists handle the rest, including managing your licence and visa applications, contacting with the appropriate departments and authorities, and reporting back when you’re ready to begin trading. It really is that easy.
This is another reason why working with an expert during this procedure is a smart option. We can arrange meetings with financial institutions in addition to advise on the best bank for your company.
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Employment, Resident, Investor Visa
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10 Year UAE Visa