Why Choose Ajman Free Zone for Your Business?

If you choose Ajman Free Zone Company Setup, your company efficiency will increase due to the strategic location close to Ajman airport. Adaptable work environments, employees housing facilities and storage are available nearby. Key benefits like health, food and drink are available making it a centre hub for business operations. 

The cost of Ajman Free Zone Company Setup Cost can vary from AED 6,000 to AED 17,000. The exact amount is determined by taking many factors such as registration fee, medical examination, Emirates ID and other business requirements into account. 

• Formation of company in 24 hours
• Seamless bank account opening 
• Complete foreign ownership
• Investor visa
• No income or withholding tax

Types of Licenses Available in Ajman Free Zone

Different types of business licenses are available for Ajman Free Zone Company Setup. The setup packages for doing business in Ajman includes a business center, offices and warehouse. Below are the types of business licenses available in Ajman free zone:

• TRADING LICENSE

A trading license is for the investors who want to carry out trading activities. Trade license packages start from AED 12,000. 

• INDUSTRIAL LICENSE

Industrial license is provided to those who need to set up a manufacturing unit in the free zone. The fees of this package start from AED 12,000 with an addition of a warehouse. 

• SERVICES LICENSE

Service license can be applied if the corporation provides services in the field of management, accounting, consulting etc. The fee of this license starts from AED 9,000 (No visa quota). 

• FREELANCER LICENSE

Freelancers from 40 different areas can apply for this Freelance license. The packages for this license start from AED 6,000. 

• GENERAL TRADING LICENSE

The license fee for a general trading license starts from AED 14,00 for a Zero visa license and AED 17,000 for one visa quota.

Step-by-Step Guide to Setting Up a Business in Ajman Free Zone

• Decide on a License Type

Select a suitable business license according to your business needs and objectives. 

• Choose your Office Type

Choose the office space as per your requirements and your budget. 

• Apply With Documents

Properly fill up the application form, prepare all the required documents and submit them to the free zone officials. 

• Pay the Required Fees

After application submission, you need to pay the fees through the official portal of the free zone or via the consultant you opt for. 

• Get Your License

After all your formalities are done and your background verification is also completed, Collect the license from the free zone officials and start doing business in the free zone.

Advantages of Setting Up a Business in Ajman Free Zone

Major Benefits of a Ajman Free Zone Company Setup:

• Strategic location 

Due to the strategic location of the free zone, the businesses get easy access to nearby airports and seaports. Import and export businesses will become easy because of this strategic location. Your business needs an effective distribution and logistics channel and this can be easily achieved in Ajman free zone. 

• Full-Service Company Formation in the United Arab Emirates 

Different businesses need different setup services and Ajman is well equipped with all of them. The Ajman free zone guarantees corporates with end to end support, seamless process of visa as well as legal aid. Business setup consultants effectively cater the stage of licensing and Ajman Free Zone Registration process. 

• Economical Remedies 

Affordable business set up plans are available in Ajman free zone making it the best destination for small corporates. It is equipped with office space, warehouse and other basic facilities for a company at a competitive pricing, making it best for Small business operations. 

• Complete Ownership and Tax Benefits 

The businesses set up in Ajman Free zone are permitted to have 100% of the future ownership. Tax advantages such as exemption from income and corporate tax are also one of the benefits that allure businesses in AFZ. Only because of these financial benefits, AFZ is always under key observation of domestic and foreign investors. 

• Contemporary Facilities and Infrastructure
  

For innovation and business expansion, AFZ is equipped with top notch infrastructure and cutting-edge facilities. 

• Enhanced Efficiency in Administrative Procedures 

Effective and streamlined administrative procedures in the freezone removes the bureaucratic hurdles from the corporate and the companies can begin their operations quickly. 

• Access to a Thriving Business Community

Choosing Ajman UAE free zone company setup gives access to a diverse business community. Companies from diverse sectors are represented in the zone, allowing great opportunities in networking, collaboration, and expansion. A dynamic environment provides caring mechanisms based on mutually constructive actions that help all types of businesses.

• Supportive Regulatory Environment

The regulatory infrastructure of Ajman Free Zone is business-oriented, providing clarity and cheerleading for the businesses. The authority of the free zone keeps a clear and enabling environment with no bottlenecks and develops a favorable environment for businesses willing to invest and grow.

Documents Required for Business Setup in Ajman Free Zone

Find below the list of documents required to register a company in Ajman free zone.

• Individual Shareholder
• Passport Copy (Valid for at least 6 months)
• Visa Page Copy (if applicable)
• Emirates ID (if applicable)
• Passport-sized Photos
• Personal Information Sheet or Application Form
• 3 Name Choices
• Corporate Shareholder

• Company Trade License / Certificate of Incorporation
• Memorandum of Association
• Board of Resolution for Company Setup and Appointment of Authorized Signatory
• UBO List
• Incumbency Certificate
• 3 Name Choices
• Passport copy of Company Manage
• Visa copy of Company Manager
• Emirates ID of Company Manager

Cost of Setting Up a Business in Ajman Free Zone

Ajman FreeZone Company Setup Cost starts from AED 5,000. This package is a dream come true for aspiring entrepreneurs, especially individuals between the ages 20 to 30 years.

It is a great deal to get a license at such a small fee on the UAE market. Further ajman FreeZone Company Setup Cost will increase according to the number of visas allocated, as well as the operations of the intended business. Without being inquisitive, the cheapest would be around AED 13,535 for the Trade license suiting one visa.

Ajman Free Zone Business Center is the only free zone in the UAE which offers genuine multiple installment payment options. You can also make the payments to the company in 2, 3, or 6 installments.

There are certain conditions laid down by the AFZ. The most demanding requests are its payment with three installments that are to be through post-dated cheques from a UAE bank account. For instance, payment for three installments can be made for the Ajman free zone license, with the first one payable in cash and the second two installments through post-dated cheques of the same date upon firm application.

Common Challenges For Business Set Up in Ajman Free Zone

To start a business in Ajman Free Zone, there are certain obstacles involved, but with systematic planning and guidance, you can find the effective solutions. Here are some common challenges and suitable solutions:

Navigation through Regulatory Codes

Legal compliance is extremely vital for businesses operating in Ajman Free Zone (AFZ) to ensure operational smoothness, avoid being penalized, and retain a good reputation. The first step to aligning with these requirements is the registration of the business entity in Ajman Free Zone. The Ajman Free Zone Registration procedure involves submitting the required documentation, filling out the application forms, and submitting payment as appropriate.

All trade licenses are issued upon registration and the entity is authorized to carry out business in AFZ. Companies involved in food and beverage, healthcare, tourism, etc. may need a few more licenses from the relevant authorities in AFZ. In order to comply with some specific industry regulations and quality standards, these licenses need to be obtained.

Understanding the legal regulations may not be that easy, nor convenient. You always need a good professional support by engaging the excellent services of a good consultant, like BrightVision, who specializes in Ajman Free Zone regulations.

Managing Cultural Differences

The Middle East will offer a mixture of differing cultures and at the Ajman Free Zone, investors of different nationalities work together. Managing cultural differences efficiently is an important aspect of international project success. Some tips that may help in dealing with cultural diversity are:

• Training in Cultural Awareness: Employees must undergo diversity and inclusion training in the hope of creating greater sensitivity and respect towards other cultures.
• Building Relationships and Trust: Building strong relationships and trust is crucial in Middle Eastern culture. Consider working on established relationships and appreciate cultural concepts such as “wasta” (the use of influential intermediaries).
• Respect Local customs and traditions: Become acquainted with local customs, such as traditional greetings, dressing code, or religious observances, to pay respect to your colleagues and partners.

Embrace Diversity: Encourage members of your team to share their cultural experiences and traditions, thus establishing an environment in which differences are celebrated and perceived as strengths.

How to Choose the Right Freezone for Your Company in Ajman?

Research the Free Zones in Ajman

Ajman Free Zone is the most established one in the emirate. Determine  whether the free zone caters specifically to your industry. Evaluate the Licensing Options.

Consider the licensing option

Look for the license options available in the Freezone. 

• Trading

 License is for trading goods locally or internationally.

• E-Commerce

License is most suitable for online business.

• Industrial

 License is for manufacturing and industrial activities.

• Service

 License allows consultancy or professional services.

Understand the Benefits Offered

• 100% foreign ownership.
• Zero corporate or income tax.
• Full profit or capital repatriation.
• Check Infrastructure and Support
• Office space, warehouses, and smart offices are readily available.
• Business support services like visa processing and bank account assistance.

Compare Costs

Weigh the upfront and continual Ajman Free Zone Business Setup Cost and put the license fees, visa fees, and office rent alongside. Ajman Free Zone is usually a bit more competitive than other operators in other Emirates. 

Seek Professional Advice

Hire business setup consultants different from one registered in Ajman Free Zone for legal and procedural purposes. Contact BrightVision for professional advice for setting up your Ajman free zone company. 

Understand the Benefits Offered

• 100% foreign ownership.
• Zero corporate or income tax.
• Full profit or capital repatriation.
• Check Infrastructure and Support
• Office space, warehouses, and smart offices are readily available.
• Business support services like visa processing and bank account assistance.

Compare Costs

Weigh the upfront and continual Ajman Free Zone Business Setup Cost and put the license fees, visa fees, and office rent alongside. Ajman Free Zone is usually a bit more competitive than other operators in other Emirates. 

Seek Professional Advice

Hire business setup consultants different from one registered in Ajman Free Zone for legal and procedural purposes. Contact BrightVision for professional advice for setting up your Ajman free zone company. 

Why Choose Our Services for setting up your business in Ajman Free zone?

A leading and accredited business setup organization, BrightVision, offers comprehensive services to facilitate easy Ajman Free Zone Registration.

Our extensively experienced and international team will assist business owners at the AFZ to actualize their entrepreneurial aims. Backed by extensive experience and their focus on client satisfaction, we have expertise throughout each stage of this process to allow it to proceed seamlessly from start to finish.

• Customized Solutions
• Skillful Team from Diverse Fields
• Transparent Processes