Mainland Company
Free Zone Company
Offshore Company
Bank Account Opening
Visa Services
Free Zone Establishment (FZE)
Ideal for solo entrepreneurs, this structure allows 100% ownership with a single shareholder. Minimum capital required is $50,000, and liability is limited to the invested capital. Suitable for commercial and industrial activities.
Free Zone Company (FZC)
Designed for 2-5 shareholders, either individuals or corporates, this structure allows resource sharing and collaboration. Like the FZE, it requires $50,000 in capital, with liability limited to paid-up capital. Supports commercial and industrial activities.
Branch of a Local Company
Branch of a Foreign Company
For international companies looking to operate in the UAE without creating a separate entity. It allows full foreign ownership, though sales within the UAE must go through a registered local agent or distributor.
Define Business Activities
The initial phase of setting up a company in AFZ involves selecting your business operations. AFZ accommodates a wide range of activities permitted in the UAE, including sectors such as IT, hospitality, and trading, among others. It’s critical to accurately list all intended business operations on your license application to avoid future complications.
Company Naming
Choosing a company name in Ajman requires adherence to UAE’s naming conventions, which prohibit offensive language and references to religious entities. It’s also important to ensure your chosen name is available for registration, a process that can be facilitated by a company formation expert.
License Application
The core step in forming your business is applying for and getting a license. The type of business entity – such as a Free Zone Entity (FZE) or a branch of a foreign company – will dictate the specific requirements. Generally, documentation such as passport copies of partners and a business plan are necessary. The process is fast, with permits potentially issued in a single business day, provided the application is error-free.
Visa Application
Corporate Bank Account Opening
The final step involves setting up a corporate bank account. This step can be complex due to varying requirements across banks, making the assistance of a company formation expert valuable. They can guide you in selecting a suitable bank and facilitate the necessary meetings.
Smart Offices:
Ideal for entrepreneurs and startups, smart offices offer a cost-effective solution with a creative workspace. This package includes two employment visas, allowing businesses to operate efficiently from the start.
Warehouses:
Ajman Free Zone offers high-standard warehouses tailored to meet investors’ needs, starting from 100 square meters. These warehouses are equipped with necessary facilities, making them suitable for various storage requirements.
Executive Offices:
Strategically located within the free zone, executive offices come with up to five employment visas. They are designed for immediate business operations and feature excellent amenities, including convenient parking and robust security..
Industrial Land:
Designed for industrial investments, these plots are developed based on investor demand and research. This land is available within designated trade zones, ideal for businesses with industrial focus.
Strategic Location
Efficient Operations
100% Foreign Ownership
Modern Infrastructure
Flexible Leasing
Cost-Effective Setup
Rich Networking
Complete Tax Exemption
Basic Requirements
Trade License: Essential for conducting business operations within the Free Zone.
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Office Space: Office rental is generally required, but Ajman Free Zone offers options like flexi-desks and virtual offices. The size and type of office (desk spaces, warehouses, or small offices) directly influence the number of visas a business can apply for.
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Business Type: Precise identification of the business activity is required before license application.
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Visa Requirements: The number of visas needed must be decided in advance, with the office size determining eligibility for visa numbers.
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Management: No requirement to appoint a resident manager or director, nor for the business owner to be a UAE resident.
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Company Naming: Single shareholder companies must include the suffix “FZE,” and multiple shareholder companies “FZC.”
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Share Capital: A minimum share capital for $50,000 is required, to be demonstrated in a bank account upon registration.operations within the Free Zone.
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Documentation by Company Type
Basic Documents: Passport copy, color photo, No Objection Letter (if applicable), UAE visa/entry stamp, small business plan (for e-commerce), and trade license copy (for branches).
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New Free Zone Entity: Includes a business plan, passport copies of shareholders/manager, three passport-size photos, and three proposed company names.
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Foreign Company Branch: Requires Memorandum & Articles of Association, Certificate of Incorporation, Board Resolution, feasibility report, and Power of Attorney (if needed).
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UAE-based Company Branch: Includes Chamber of Commerce certificate, original license, and a business plan.
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Corporate Shareholders: Provide trade license, Memorandum of Association, Board Resolution, UBO list, and Incumbency Certificate.
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Individual Shareholders: Passport copy, visa page/Emirates ID (if applicable), passport photos, and personal information form.
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Trading Licenses
The Trade License in Ajman Free Zone is ideal for businesses engaging in various trading activities, with packages starting at AED 12,000. It includes options like Single Activity, Two Activity, Three Activity, and General Trading Licenses. The General Trading License, covering most activities (excluding restricted categories), starts from AED 14,000 for a Zero Visa license and AED 17,000 for a one-visa package.
Industrial Licenses
This license is essential for manufacturing activities, with the initial package priced at AED 12,000, plus additional warehouse fees based on the required size. It grants access to manufacturing facilities, enabling the import of raw materials, manufacturing of goods, and export of products.
Services Licenses
For entities providing services in various domains such as management, accounting, consulting, and marketing, the Service License is suitable. Starting from AED 9,000, this license does not include a visa quota, focusing on service-oriented businesses.
Freelance License
Freelancers across 40 business categories can kickstart their startup life with the Freelancer License. This license, beginning at AED 6,000 is designed for individuals seeking legal endorsement for their freelance activities within the UAE.
Pioneers License
The Pioneers License is an initiative taken by the Ajman Free Zone aimed at empowering the youth of the UAE. It is specifically crafted for individuals aged between 20 to 30 years. This license offers a low-cost startup opportunity for UAE residents who are college students or young entrepreneurs.
E-Commerce License
AFZ offers an E-Commerce License for companies engaged in online trading activities. This license supports businesses with facilities like online selling, cash-on-delivery options, and trading on third-party portals.
Leaders HUB Consultancy is renowned as one of the top business setup consultants in Dubai, with over 15 years of experience facilitating a wide range of businesses throughout the UAE. Our deep connections with government officials and key authorities, combined with our extensive expertise in consultancy, streamline the process of establishing your business in Dubai. Additionally, we offer comprehensive financial, legal, and corporate services to support our clients throughout their business endeavors.
We are here to provide comprehensive support for your Ajman Free Zone Company Setup, from preparing your documents to completing the process. Connect with us now to begin your journey with a FREE consultation!
