Business Setup in Ajman Mainland
Business setup in Ajman Mainland
Welcome to Prodigy Corporate Services, your trusted partner for business setup in Ajman Mainland! We provide a comprehensive range of services to help entrepreneurs and businesses establish their operations in this dynamic business hub.
Why Business setup in Ajman Mainland?
Ajman is a fast-growing emirate that offers a strategic location and a business-friendly environment for companies looking to set up their operations in the UAE. With its modern infrastructure, competitive cost of living, and attractive tax policies, Ajman Mainland is an ideal destination for businesses of all sizes and industries.
Our Services:
At Prodigy Corporate Services, we offer a wide range of business setup services to help our clients establish their operations in Ajman Mainland. Our services include:
- Company formation and registration
- Trade license application
- Visa processing
- PRO services
- Bank account opening
- Business consultancy
Our team of experienced professionals will guide you through every step of the business setup process, ensuring that your company is registered and operational as quickly and smoothly as possible.
Why Choose Us?
At Prodigy Corporate Services, we are committed to delivering exceptional service and value to our clients. We understand that starting a new business can be a daunting task, which is why we provide personalized support and guidance to help our clients achieve their business objectives.
Whether you are a startup or an established business, we can help you navigate the complexities of the Ajman Mainland business setup process and ensure that your company is positioned for success.
Get in Touch
If you are interested in setting up a business in Ajman Mainland, contact us today to schedule a consultation with one of our experts. We look forward to helping you achieve your business goals!
Process to register the company in Ajman Mainland
The process of registering a company in Ajman Mainland can be complex and time-consuming, but with the right guidance and support, it can be done efficiently and effectively. At Prodigy Corporate Services, we have the expertise and experience to help you navigate the process from start to finish.
- Choose your business activity and legal structure: The first step in registering a company in Ajman Mainland is to choose your business activity and legal structure. You will need to select a business activity from the list of activities approved by the Department of Economic Development (DED) in Ajman. You will also need to decide on the legal structure of your company, which can be a sole proprietorship, partnership, limited liability company (LLC), or branch office.
- Reserve your trade name: Once you have chosen your business activity and legal structure, you will need to reserve a trade name for your company. This can be done online through the DED website or in person at the DED office in Ajman.
- Obtain initial approval and draft the memorandum of association (MOA): After reserving your trade name, you will need to obtain initial approval from the DED. This involves submitting your business plan, proposed activities, and other relevant documents. Once you have obtained initial approval, you will need to draft the memorandum of association (MOA) for your company, which outlines the details of your business, including the ownership structure, share capital, and management responsibilities.
- Get approvals and licenses: After drafting the MOA, you will need to obtain various approvals and licenses from government authorities in Ajman, including the DED, Ministry of Economy, Ministry of Labor, and other relevant bodies. These approvals and licenses can include a trade license, industrial license, professional license, and other permits depending on the nature of your business.
- Finalize registration and obtain your trade license: Once you have obtained all the necessary approvals and licenses, you will need to finalize your company registration by submitting all the required documents and paying the relevant fees. After completing this process, you will receive your trade license, which allows you to legally conduct business in Ajman Mainland.
At Prodigy Corporate Services, we can assist you with every step of the company registration process in Ajman Mainland. Contact us today to learn more about how we can help you set up your business in this dynamic business hub.
Documents required to register a company in Ajman Mainland
To register a company in Ajman Mainland, there are certain documents that are required. These documents vary depending on the type and nature of the company being registered, but here are some of the common documents required:
- Passport copies and visa copies of all shareholders and managers of the company.
- Emirates ID copies of all shareholders and managers of the company.
- NOC (No Objection Certificate) from the sponsor or employer of all shareholders and managers of the company.
- Proposed trade name for the company.
- Memorandum of Association (MOA) and Articles of Association (AOA).
- Initial approval certificate from the Department of Economic Development (DED).
- Leasing agreement or tenancy contract for the office space.
- Power of Attorney (POA) for company setup procedures.
- Bank reference letter for the shareholders of the company.
- Proof of share capital deposit in a UAE bank account
It is important to note that additional documents may be required depending on the nature of the business activity and the legal structure of the company. At Prodigy Corporate Services, we can guide you through the entire process of registering your company in Ajman Mainland and ensure that all the necessary documents are prepared and submitted in a timely and efficient manner.
Advantages of registering a company in Ajman Mainland
Registering a company in Ajman Mainland can offer a range of advantages for businesses. Here are some of the key benefits:
- Strategic Location: Ajman Mainland is strategically located between Dubai and Sharjah, making it an ideal location for businesses to access both local and international markets.
- Business-Friendly Environment: Ajman Mainland offers a business-friendly environment with low setup costs, no corporate tax, and no income tax, making it an attractive option for businesses.
- Access to Skilled Workforce: Ajman Mainland has a highly skilled and diverse workforce, with a range of expertise in various industries, making it easier for businesses to find qualified employees.
- Modern Infrastructure: Ajman Mainland has modern infrastructure, including state-of-the-art transportation, communication, and utility systems, providing businesses with access to high-quality facilities and services.
- Range of Business Activities: Ajman Mainland offers a wide range of business activities that can be pursued, including industrial, commercial, and professional activities, making it easier for businesses to find the right fit for their needs.
- Easy Company Setup: The process of setting up a company in Ajman Mainland is straightforward and efficient, with various support services available to assist businesses in the process.
- Government Support: The Ajman government provides a range of support services and initiatives to assist businesses, including access to financing, training, and business development programs.
At Prodigy Corporate Services, we can help you take advantage of these benefits and guide you through the process of registering your company in Ajman Mainland. Contact us today to learn more.
Exact cost of registering a company in Ajman Mainland
The exact cost of registering a company in Ajman Mainland depends on various factors such as the legal structure of the company, the type of business activity, the number of shareholders and the size of the company.
Generally, the cost of registering a company in Ajman Mainland includes the following:
- Initial approval certificate fee: AED 2,000 to AED 3,000.
- Trade name reservation fee: AED 620.
- MOA drafting and attestation fee: AED 2,000 to AED 3,000.
- Commercial license fee: AED 8,000 to AED 10,000.
- Office space rental: Varies based on the location, size and type of office space.
In addition to these costs, there may be additional fees for visa applications, government approvals, and other services depending on the specific requirements of the company.
At Prodigy Corporate Services, we offer comprehensive company setup services in Ajman Mainland, and we can provide you with a detailed breakdown of all the costs involved in the process. We can also help you minimize the cost and time of registration by ensuring that the entire process is completed efficiently and smoothly.
FAQ'S
Frequently Asked Questions
1. What is the minimum capital requirement for a company setup in Ajman Mainland?
There is no specific minimum capital requirement for company setup in Ajman Mainland. However, the amount of capital required may vary depending on the nature and size of the business.
2. Can foreign nationals own 100% of a company in Ajman Mainland?
Yes, foreign nationals can own 100% of a company in Ajman Mainland, subject to certain conditions and requirements.
3. What is the process for obtaining an initial approval certificate from the Department of Economic Development?
The process for obtaining an initial approval certificate involves submitting the necessary documents and application forms to the Department of Economic Development (DED), followed by a review and approval process. The approval process may take several days to a few weeks, depending on the complexity of the application.
4. Is it mandatory to have a local sponsor or partner to register a company in Ajman Mainland?
No, it is not mandatory to have a local sponsor or partner to register a company in Ajman Mainland. However, in some cases, having a local sponsor or partner may be beneficial for certain business activities.
5. What types of business activities are allowed in Ajman Mainland?
Ajman Mainland allows a wide range of business activities, including industrial, commercial, and professional activities. However, there may be certain activities that require additional approvals or permits from regulatory authorities.
At Prodigy Corporate Services, we can provide more detailed information and guidance on the company setup process in Ajman Mainland, as well as answer any other questions you may have.
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