Business Setup in Ajman Mainland
Ajman is one of the seven Emirates of the United Arab Emirates (UAE). Sharjah and Umm Al Quwain surround this Emirate that has an extensive coastline. Its impressive road connectivity makes it easy for people to access from anywhere in the UAE. Even if it doesn’t have any oil revenue advantage, it has its agriculture, trade, and fisheries to lean on for its Gross Domestic Product (GDP). As a further note, the Ajman industrial area, commercial, and construction activities greatly help Ajman to help its economic growth with its continuous development. And although it is considered to be the smallest based on area, business setup companies in Ajman have been thriving.
Over the years, Ajman has been developing ways to diversify its investments. Ajman company registration is becoming inherently known. A variety of businesses are now residing in the Emirate, such as manufacturing companies in Ajman, retail, and services. There are even more organizations that are being set up each day. Transport companies in Ajman are reaching a higher number and even IT companies in Ajman as well. These established businesses provide economic diversity that pushes other business owners to invest in this Emirate.
People who want to conduct Ajman business setup can experience the efforts that are made by the government when it comes to ensuring that all business owners who want to establish a small business in any industry can have their needs met. The needed amenities of each sector are present to further facilitate the business owners who are looking to begin their venture in Ajman.
Having the LLC legal form in conducting an Ajman company formation means that there should be two people to start a business, who are at least 21 years old. However, if the partners are expats, you will need a UAE national as a local partner, just like everywhere else in the mainland of UAE, when you want to have a business setup in Ajman. This local partner will hold 51% of your shares in the company and you will only have 49% of it.
When you have your documents prepared and all requirements at hand, it’s easier to have your Ajman trade license. It is essential to have everything ready before going for Ajman company registration. Whether you are looking to have a big or small business setup in Ajman, it is better to do it with the help of business consultants who can make things easier for you. They will take care of your documents and go to the concerned departments like Ajman Chamber of Commerce and Ajman Economic Department to ensure that you will get your Ajman trade license in the right timeframe.
Aside from the above, consultants can even discuss with you all the Ajman trade license information that you need to know before continuing with ajman company formation. To be prepared, you can also inquire about the LLC license cost in Ajman if you plan to setup one. And if you are going to need to store up some equipment or even your own goods, a business consultant also knows which cheap warehouse in Ajman you should choose.
It is indeed better to know a lot before you plunge yourself in this kind of venture, and having a business consultant definitely helps.
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Following industries you can setup in Ajman Mainland
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
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Benefits of Business Setup in Ajman Mainland
Business owners are slowly choosing to have company registration Ajman. It can be noted that business setup companies in Ajman are rising in number as those businesses are thriving in the Emirate.
With its continuous development that encourages business owners to conduct an Ajman company formation, there is also continuous evolution when it comes to the advantages that businesses are receiving in forming a company.
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Currency restrictions do not existThe restrictions on currency and such do not apply in the Ajman mainland.
No mandatory yearly auditing
When you want to build your own organization in the mainland, it means that your company wouldn’t need to be audited mandatorily. Business owners who are often worried about audit can be relaxed with this advantage.
Rent office anywhere
You can place your company anywhere you want in the mainland. You can open an office based on where you think your business is going to thrive more. This kind of opportunity can give you the freedom to have your office space be at the right location as you deem it should.
Conduct business with local market
Regardless if you have big or small business setup in Ajman, this is especially advantageous when you cater to the local market. Trading companies in Ajman mainland have the advantage to easily trade or transact without any hassle.
No limit on activities
Business activities are limited in other locations in the UAE. However, in Ajman mainland, there are a lot of business activities to choose from.
Zero capital requirement
It is not simply an affordable way to have a business, but it might just be one of the best ways to form a company when you do not need an amount of money to prepare before thinking of setting up a business in Ajman.
Tax-Free
Regardless of the value-added tax (VAT) that landed on the UAE’s territory, the country is still free of corporate and income taxes. Ajman company formation of business owners means that they will not be required to pay any other tax aside from VAT.
No limit on visas
A company can get as many visas as it wants as it grows. Its continuous growth is supported by this benefit of getting employment visas for its additional employees as it expands.
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Business Setup Requirements & Procedure
Requirements for Company Registration in Ajman
- Copy of Trade License;
- Notarized Memorandum of Association and Articles of Association;
- Initial Approval and Name Approval;
- PO Box;
- Company Immigration card;
- Visa and labor cards;
- Certificate of Registration – for branch opening
Take note: some nationals require security approvals during submission of requirements. Additionally, shareholders must present original passports and bank statement for a period of six (6) months from country of residency.
Call us today to get the full list of requirements for Ajman Mainland Business Setup.
- The procedure of processing the company setup would range from 2 to 4 weeks.
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Support Services Offered in Ajman
FAR Consulting Middle East has knowledge of business setup laws laws and regulation in Ajman and can help your setup your business. We can assist your company in handling all the legal formalities to help your business establish free trade agreements.
The services Offred by our business setup consultants includes:
- Our experts can guide you in selecting and implementing the right means and solutions in getting Ajman license
- Our experts will do the paper work for incorporation and facilitate in the registration fee payment
- Drafting and submission of all the required legal documents
- Obtaining specialized from relevant government authorities
- Follow-up with the inspection unit in municipality o Ajman for verifying chosen business location
- Provide assistance in opening bank accounts
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Business Setup Cost in Ajman
The below table shows you the business setup cost in Ajman including the Ajman trade license cost. You can contact us for further information or clarification.
UAE Mainland Estimated Official Cost for Study Case/New Business Setup Fees/Cost/Receiver Narration Cycle Cost (AED) Payment Comments Trade Name Reservation Govt. Agency One Time 610 100% Adv. View Initial Approval for Your Business Govt. Agency One Time 110 100% Adv. Local Citizen – Sponsorship Fee Your Business’ Local Sponsor Yearly 15,000 100% Later View MOA – Legal Translation Services Translation Services One Time 1,280 100% Adv. View Notarization of MOA Govt. Agency One Time 960 100% Adv. View Licensing and Certificate of Incorporation Fees (for specific business activity) Govt. Agency Yearly 7,000 100% Adv. View File Opening – Immigration (Establishment Card) Govt. Agency One Time 860 100% Adv. File Opening – Ministry of Labour (Establishment Card) Govt. Agency One Time 2,053 100% Adv. E-Signature Card – Ministry of Labour Govt. Agency One Time 1,000 100% Adv. Farhat Office & Co.’s Fees – Your Business Registration Consultant’s Professional Fees
All of the Following Services are Included:
» MOA drafting – Arabic / English
» Power of attorney drafting – A/E
» Side Agreement drafting – A/EProfessional Fees/Farhat Office & Co. One Time 15,000 100% Adv. TOTAL 43,873 View ATTENTION – NOTEAll fees for government and related authorities are an estimation only. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.
Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.