Ajman is the smallest emirate in the UAE located on the western coast. In the past, the economy was mainly based on sea fishing and trading. Lots of people looking for a business setup in Ajman. If you are also interested and want to start a business in Ajman but unable to do it by yourself then no need to worry you can consult with the Start Any Business UAE consultants who will surely help you and provide you complete guidance throughout the procedure.
The Ajman covers around 0.6 sq km. this comprises businesses related to general retail and industrial goods, building materials and services, automobiles, furniture, design and engineering, transport appliances and components, insurance and finance, and the oil & gas and petroleum refining sector. These fields are very famous among ex-pats because they look for employment choices in Dubai that provide goods salary and other favorable business activities and business establishment in Ajman.
The Process of Business Setup in Ajman
To
establish a business in Ajman, you will have to follow some simple steps that
are:
- You need to
present a form of company application at the customer service center for
initial approval.
- You need to
comply with the inspection entity at the Municipality of Ajman for the
verification of the selected business zone.
- You will
need to acquire approval of specialized departments from the Municipality.
- You require
to get approval for the company name and business registration and certificate
of membership.
- You will
have to present all the essential approval, with the receipts from the
trade ministry as acceptance of the company registration.
- The final
step, you need to make a payment and submit the application at the
customer service center to get the slip this will take only 1 day to
receive the business license to operate your company.
- A copy of
the valid passport of the company stakeholders
- Residence
proof of the business owner
- Memorandum
of Association
- Article of
Association
- Completely
filled application for incorporation
- Bank
reference letter
- Profile of
the owner
- Business
plan with cost-benefit analysis
Benefits of Business Setup in Ajman
The
advantages of business setup in Ajman are given below:
- In Ajman,
100% overseas ownership and proper repatriation of profits and capital are
allocated Ajman.
- This
emirate, provides all the opportunities an exclusive economic location is
supposed to offer at a relatively low cost than other free zones in the
United Arab Emirates. It is as Ajman authority applies no fee for
registration.
- The process
of business registration in Ajman is simple and quite easy, there are
single-window clearances for several government services such as licensing,
immigration postal services, visas, and more.
- In this
emirate, overseas investors can receive a twenty years land lease,
renewable for the next 20 years, hence permitting legal tax exemption
conductions for 40 years.
- A company
based in Ajman holds 100% legal exemption from all kinds of import and
export duties.
Types of Business License in Ajman
You
require a business license to run a business to practice a business activity,
according to the guidelines of the government. There are four kinds of licenses
available in Ajman –
Industrial License – This kind of license is provided to any overseas, UAE, or free zone unit carrying manufacturing business activity in Ajman.
Professional License – This license is given to any UAE, overseas, or free zone unit interested in giving professional or services business activities in Ajman.
E-commerce license – This license is the latest license for e-commerce companies. this would facilitate online business people’s partnerships with the free zone to enter the increasing e-commerce segment of the GCC and the sector.
General Maintenance License – This license is essential when someone wants to set up a maintenance business in Ajman.
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