Ajman Free Zone Company Setup
Ajman Free Zone Company Setup
Welcome to Prodigy Corporate Services, your trusted partner for business setup solutions in the UAE. We specialize in helping entrepreneurs and companies establish their presence in the country through our comprehensive range of services, including business setup in Ajman Free Zone.
Ajman Free Zone (AFZ) is a strategic location for businesses looking to establish themselves in the UAE. Located in the Emirate of Ajman, AFZ offers numerous benefits such as 100% foreign ownership, 100% repatriation of capital and profits, 100% exemption from personal and corporate income tax, and more. These advantages make it an ideal destination for investors looking to set up their business in the UAE.
At Prodigy Corporate Services, we offer end-to-end solutions for business setup in Ajman Free Zone. Our team of experts will guide you through the entire process, from company registration to obtaining licenses and permits, to ensure that your business is up and running in no time. We also provide ongoing support and assistance to ensure that your business stays compliant with local regulations.
We offer a range of business setup packages tailored to meet the unique needs of different businesses. Whether you’re a small startup or a large multinational corporation, we have the expertise and resources to help you establish your presence in Ajman Free Zone.
In addition to business setup services, we also offer a range of other services such as visa and immigration assistance, accounting and bookkeeping, and more. Our goal is to provide you with a hassle-free experience and help you focus on growing your business.
Get in touch with us today to learn more about our business setup services in Ajman Free Zone and how we can help you establish your presence in the UAE.
Process to register a company in Ajman Free Zone
The process to register a company in Ajman Free Zone is straightforward and can be completed within a few days. Prodigy Corporate Services can assist you with the entire process to ensure that your business setup in Ajman Free Zone is hassle-free.
- Choose a Business Activity: The first step to registering a company in Ajman Free Zone is to choose a business activity that you wish to conduct. You will need to provide details of the business activity to AFZ to obtain the necessary approvals.
- Choose a Legal Structure: The next step is to choose a legal structure for your company. AFZ offers a variety of legal structures, including Free Zone Establishment (FZE), Free Zone Company (FZC), and Branch of a Foreign Company.
- Apply for a Trade Name and Initial Approval: Once you have chosen your business activity and legal structure, you need to apply for a trade name and initial approval from AFZ. The trade name should be unique and should not conflict with any existing trade names in the UAE.
- Submit the Required Documents: To register a company in Ajman Free Zone, you will need to submit the following documents to AFZ:
- Passport copies of shareholders and directors
- Proof of residence of shareholders and directors
- Business plan
- No-objection certificate (NOC) from the current sponsor (if you are a UAE resident)
- Board resolution (if you are a corporate entity)
- Memorandum and articles of association (if you are a corporate entity).
- Obtain the License and Lease Agreement: After you submit the required documents, AFZ will review your application and issue the necessary licenses and permits. You will also need to sign a lease agreement for your office or warehouse space in Ajman Free Zone.
- Open a Bank Account and Obtain Visas: Finally, you will need to open a bank account in the UAE and apply for visas for you and your employees.
Prodigy Corporate Services can guide you through every step of the process to register your company in Ajman Free Zone. Contact us today to learn more about our business setup services in the UAE.
Documents required to register a company in Ajman Free Zone
Here is a list of documents that are generally required to register a company in Ajman Free Zone:
- Passport copies of shareholders and directors
- Proof of residence of shareholders and directors
- Business plan
- No-objection certificate (NOC) from the current sponsor (if you are a UAE resident)
- Board resolution (if you are a corporate entity)
- Memorandum and articles of association (if you are a corporate entity)
It is important to note that the specific requirements may vary depending on the type of company and business activity. Additionally, some documents may need to be notarized or attested before submission to Ajman Free Zone.
Prodigy Corporate Services can assist you with the entire process of registering your company in Ajman Free Zone and ensure that all the necessary documents are in order.
Contact us today to learn more about our business setup services in the UAE.
Advantages of registering a compnay in Ajman Free Zone
There are several advantages of registering a company in Ajman Free Zone, including:
- 100% foreign ownership: One of the most significant advantages of registering a company in Ajman Free Zone is that foreign investors can hold 100% ownership of their company. This allows investors to have full control over their business without the need for a local partner.
- Tax exemption: Companies registered in Ajman Free Zone are exempt from corporate and personal income taxes, as well as customs duty on imports and exports. This results in significant cost savings for businesses operating in the Free Zone.
- Easy company setup: The process of registering a company in Ajman Free Zone is straightforward and can be completed within a few days. Additionally, the Free Zone offers a variety of legal structures, making it easy for businesses to choose the one that best suits their needs.
- Modern infrastructure: Ajman Free Zone boasts modern infrastructure and world-class facilities, including office and warehouse spaces, advanced telecommunications and IT systems, and transportation links.
- Strategic location: Located in the Emirate of Ajman, Ajman Free Zone offers easy access to both Dubai and Sharjah, making it an ideal location for businesses looking to establish themselves in the UAE.
- No currency restrictions: Companies registered in Ajman Free Zone can conduct business in any currency, without any restrictions.
- Flexibility: Ajman Free Zone offers flexible lease terms, allowing businesses to rent office or warehouse space for a period as short as one month.
These advantages make Ajman Free Zone an attractive destination for businesses looking to establish themselves in the UAE. Prodigy Corporate Services can assist you with the entire process of registering your company in Ajman Free Zone and help you take advantage of these benefits.
Contact us today to learn more about our business setup services in the UAE.
Economic advantages of company registration in Ajman Free Zone
Registering a company in Ajman Free Zone can bring several economic advantages, including:
- Access to a growing market: The UAE is a rapidly growing market with a stable and diversified economy. By registering a company in Ajman Free Zone, businesses can access this market and tap into the growing demand for goods and services.
- Cost savings: Companies registered in Ajman Free Zone are exempt from corporate and personal income taxes, as well as customs duty on imports and exports. This can result in significant cost savings for businesses operating in the Free Zone.
- Easy access to infrastructure: Ajman Free Zone offers modern infrastructure and world-class facilities, including office and warehouse spaces, advanced telecommunications and IT systems, and transportation links. This infrastructure makes it easy for businesses to establish themselves and operate efficiently in the UAE.
- Access to a skilled workforce: The UAE has a highly skilled and diverse workforce, with many professionals from around the world choosing to live and work in the country. Companies registered in Ajman Free Zone can tap into this talent pool and access a skilled workforce to help grow their business.
- Strategic location: Ajman Free Zone is located in the Emirate of Ajman, which is in close proximity to both Dubai and Sharjah. This strategic location provides businesses with easy access to these major cities, which are key economic hubs in the UAE.
- No currency restrictions: Companies registered in Ajman Free Zone can conduct business in any currency, without any restrictions. This makes it easy for businesses to trade with partners around the world and take advantage of global market opportunities.
These economic advantages make Ajman Free Zone an attractive destination for businesses looking to establish themselves in the UAE. Prodigy Corporate Services can assist you with the entire process of registering your company in Ajman Free Zone and help you take advantage of these benefits.
Contact us today to learn more about our business setup services in the UAE.
Exact cost of registering a company in Ajman Free Zone
The cost of registering a company in Ajman Free Zone can vary depending on several factors, such as the legal structure of the company, the business activity, and the size of the company. However, here is a general breakdown of the costs involved in registering a company in Ajman Free Zone:
- Trade license fees: The trade license fees can range from AED 7,000 to AED 16,000 depending on the legal structure of the company and the business activity.
- Registration fees: The registration fees for a company in Ajman Free Zone can range from AED 5,000 to AED 15,000.
- Visa fees: The visa fees for each employee can range from AED 3,000 to AED 4,000.
- Rental fees: The rental fees for office or warehouse space can vary depending on the size and location of the property.
It is important to note that these costs are subject to change and may vary depending on the specific requirements of each company. Additionally, there may be other costs associated with the registration process, such as legal and administrative fees.
Prodigy Corporate Services can provide you with a detailed breakdown of the costs involved in registering a company in Ajman Free Zone based on your specific requirements.
Contact us today to learn more about our business setup services in the UAE.
How Many Free Zones Are There In Ajman, UAE, And What Are Their Names?
Here is a list of the free zones in Ajman, UAE, along with brief descriptions:
- Ajman Free Zone (AFZ): Ajman Free Zone is one of the earliest free zones established in the UAE. It offers a wide range of facilities and services to businesses, including office spaces, warehouses, and land for development. AFZ is known for its competitive costs, easy company setup process, and strategic location.
- Ajman Media City Free Zone (AMCFZ): Ajman Media City Free Zone focuses specifically on the media and entertainment industry. It provides a platform for companies in advertising, publishing, film production, broadcasting, and other related sectors. AMCFZ offers state-of-the-art infrastructure, flexible licensing options, and a supportive business environment.
- Ajman China Mall Free Zone (ACM): Ajman China Mall Free Zone is a unique free zone that caters to the needs of Chinese businesses and traders. It serves as a hub for wholesale and retail trade, with a focus on Chinese products. ACM provides a range of commercial spaces, storage facilities, and trade-related services.
These are the main free zones in Ajman, UAE, each offering unique benefits and opportunities for businesses.
FAQ'S
Frequently Asked Questions
What is the minimum capital required to register a company in Ajman Free Zone?
There is no minimum capital requirement for registering a company in Ajman Free Zone.
Can a foreigner own a company in Ajman Free Zone?
Yes, foreigners can own 100% of a company registered in Ajman Free Zone. There is no requirement for a local sponsor or partner.
How long does it take to register a company in Ajman Free Zone?
The registration process can take anywhere from 2 to 10 business days depending on the legal structure of the company and the business activity.
Are there any restrictions on the business activities that can be conducted in Ajman Free Zone?
Ajman Free Zone allows for a wide range of business activities, with some exceptions such as banking, insurance, and financial services. However, it is always advisable to consult with a business setup expert to ensure that your business activity is permitted in the Free Zone.
Can a company registered in Ajman Free Zone conduct business outside the UAE?
Yes, a company registered in Ajman Free Zone can conduct business both within and outside the UAE without any restrictions.
What are the requirements for obtaining a visa for employees of a company registered in Ajman Free Zone?
Companies registered in Ajman Free Zone are eligible to apply for visas for their employees. The requirements for obtaining a visa may vary depending on the nationality of the employee and the type of visa required.
If you have any other questions about registering a company in Ajman Free Zone, Prodigy Corporate Services can provide you with detailed information and guidance. Contact us today to learn more about our business setup services in the UAE.
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