Ajman - AURA Business Services |

AJMAN MAINLAND

BUSINESS SETUP IN MAINLAND AJMAN

Situated on the Arabian Gulf coast, Ajman is the smallest of the seven emirates in the UAE, with an estimated area of 260 square kilometres. The prime industries in Ajman are manufacturing, real estate, retail, construction, transport, and business services.

Business setup in Ajman needs detailed planning and decision making. It includes choosing a company name, determining the type of business activity, obtaining the necessary licenses, hiring human resources, selecting suitable infrastructure, depositing a minimum capital in a corporate bank account, etc. All this requires having a business setup consultant who will look into the legalities of business setup. Many management consultancies in Ajman provide such opportunities to the investors by helping in all the business setup formalities.

AJMAN DED

Department Of Economic Development

Starting from License with zero visa

11,500/- AED

License with one partner visa

20,670/- AED

License with one partner visa and employee visa

26,170/- AED

*Services fees not included in above charges

All Business Entities in commercialized geographical areas and directly registered under the Emirates government and its authorities are known as mainland companies. Mainland represents the most developed economy as it is set up directly following the legal structures of the Government policies. If one decides to start a business in mainland Ajman, then having a local sponsor is essential. A local sponsor will have a 51% share in the company, and the business person will own the remaining 49%. A mainland company in Ajman can go for the following business entities-

Limited Liability Company
Public Shareholding Company
Branch Office
Representative Office
Professional Firm

Advantages of Company Registration in Ajman

In the Emirate, 100% foreign ownership and full repatriation of capital and profits are allowed in Ajman free zone.
Ajman free zone presents all the opportunities an exclusive economic area is supposed to provide, at a relatively lower cost than other free zones in the UAE. This is because Ajman Free Zone Authority levies no registration fee.
The business registration process in Ajman is straightforward – there are single-window clearances for multiple government services like postal services, licensing, immigration, visa, etc.
In Ajman, foreign investors can get a 20-year land lease, renewable for another 20 years, thus allowing legitimate tax-exempt operations for 40 years
A company located in Ajman enjoys 100% legal exemption from all import and export duties
As a part of the UAE, a respected international trading jurisdiction, an Ajman business is not perceived as an offshore company in a foreign tax haven

Aura Vision Advisors will help you with every step of your success journey. You can get one-on-one mentorship from our experts and get guidance on how to clear the legal proceedings and grow your business.

TYPES OF BUSINESS LICENSES IN AJMAN

One needs a business license in Ajman in order to practice a business activity in Ajman, as per the government guidelines. There are four main types of business license available in Ajman, which are as follows-

National Industrial License

There are a few criteria ones have to meet to get this license, they are-

The business must be registered with the Gulf Cooperation Council (GCC), and they must own at least 51% of its shares
At least 40% of the manufacturing processes should be accomplished in the free zone. businesses holding a National Industrial License are eligible for duty-free customs fees to member states of Arab Gulf Cooperation Council

Trading License

Business carrying trading activities in Ajman is issued with this license. Trade includes import, export, re-export of goods and services in the United Arab Emirates

Industrial License

This type of business license is granted to any foreign, UAE, or free zone entity carrying out manufacturing activity in Ajman

Professional/Service License

This type of business license is granted to any UAE, foreign, or free zone entity interested in providing professional/service license activities in Ajman

E-Commerce License

E-commerce license is a new license level for e-commerce enterprises. It will facilitate online business entrepreneur’s partnerships with the free zone to tap into the growing e-commerce segment of the GCC and the region. There is an excellent scope for E-commerce business in Ajman and the UAE, with around 42% of the population reportedly making online transactions. Even the Ajman free zone has a record number of applications for issuance of e-commerce license in the Emirate.

General Maintenance License

If anyone wants to start a maintenance business in the Emirate, having a General Maintenance License is necessary. Having this license can give authority to individuals in a maintenance business is to make repairs and performs regular maintenance duties to keep buildings in good shape.

PROCESS OF AJMAN COMPANY REGISTRATION

For starting a company in Ajman, first step is to choose a corporate entity of the one’s mentioned below –

Sole Establishment

Limited Liability Company

Public/Private Shareholding Company

Professional Firm

Branch Office

After choosing, the following steps may be followed:

Submit a company application form at the Customer Services Centre in the municipality for initial approval.
Follow up with the Inspection Unit in the municipality of Ajman for verifying the chosen business location.
Obtain approval of specialized departments in the municipality, if required.
Obtain approval for the trade name and issuing of business register and membership certificate.
Submit the necessary approvals, along with receipts from the Ministry of Trade as acceptance into the Register of Companies.
Pay all fees and submit the application to the Customer Services Centre to get the receipt It would take one day to get the license for your company

Documents Required

The registration process is simple, and a particular set of documents are required mandatorily

A valid copy of the passport of the company shareholders
Proof of residence of the company owner
Memorandum of association
Article of association
Duly filled application for incorporation of an offshore account
Bank reference letter
Resume of the owner of the offshore account
Business plan with cost-benefit analysis

Business Activities In Ajman And Required Approvals From Authorities

Government Authority	Business Activity
Ministry Of Education	Private Schools, Kindergartens, Educational Institutions, Gymnasiums
Ministry Of Justice, Islamic Affairs, And Awqaf	Organizing Hajj and Omrah Campaigns, Quran Recital Centres, Law Firms
Ministry Of Agriculture and Fisheries	Plant Nurseries, Farm, Cattle and Bird Trading, Fish Trading, Seeds and Fertilizer Trading
Ministry Of Labor and Social Affairs	Babysitting Services, Labor Services
Ministry Of Finance and Industry	All Industrial Licenses
Ministry Of Health	Hospitals, Private Clinics and Practices, Medical Laboratories, Pharmacies
Ministry Of Economy	Accounts Auditing, Foreign Companies Branch
Ministry Of Information and Culture	Advertising And Publicity Office Drawing and Scripting, Organizing Events and Shows, Computer Trading, Digital TV And Cable Services
Central Bank	Banks, Money Exchange and Transfer, Financial Consultancies

WHY INVEST IN AJMAN?

The Emirate of Ajman enjoys natural aspects and features, making it one of the most crucial attraction spots in the area. It qualifies to be a vital core for investments which can open new horizons in the world of economy, and provide significant investment opportunities. To know why Ajman is an excellent place for investment, listed below are a few of its features:

It lies between Dubai and Sharjah, and is easily accessible
Availability of facilities and services such as power, medical, and telecommunication
The free zones in Ajman are very investor-friendly, providing 100% foreign ownership, hassle-free approvals and several tax benefits
Ajman port offers facilities for exports and imports, vessel repair, and maintenance
Low-cost operation of many industries compared to other free zones in the world
Primary industries are available making it provide such raw materials required for some ready and semi-manufactured industries
State-of-art infrastructures like ports, roads, industrial zones, and transport