Ajman free zone

Ajman free zone has become the top choice for businessmen. The region is full of opportunities for global economic trades. The Ajman free zone has the potential to provide investors a good return. Thus, they can enjoy a wonderful lifestyle in their preferred location. You can easily find enthusiastic and competent workers, craftsmen, and helpers here. Free zones are evolving to adapt to the growing economic demand of investors. These regions cover all the industrial aspects. Some of them are the use of alternate energy, zero import and export charges, and full business rights. Below are the reasons why you should set up a company in Ajman free zone.

Benefits of setting up a company in Ajman free zone

• The process of company formation in the Ajman free zone can be completed within a few days. This is one of the major benefits of starting a new venture in the free zone. All the legal paper works get authorized by the local bodies within 24 hours.
• The area is perfect for almost all types of business trades. You can get the industrial certificate, as well as the professional certificate, to set up a company in Ajman free zone.
• With the help of consultancy firms, you can open your bank accounts in the right bank which offers stability and trading in foreign currency.
• The company will not be liable for paying any kind of import and/or export tariffs to the government. Any new business can flourish in the Ajman free zone.
• The entrepreneurs do not have to pay custom duty fees to receive goods and services. Only 5% VAT is levied on importing goods from a foreign land
• Investors tend to prefer their business formation in the Ajman free zone because of zero duty charges

FREEZONE ESTABLISHMENT (FZE)

Companies obtaining a license under this category will enjoy the status of an entirely independent corporate entity.

Documents Required:

1. Passport copy – valid for at least 6 months
2. Colored photograph
3. No Objection Letter from sponsor if the applicant is a resident of UAE
4. Visa copy or UID

BRANCH OF A LOCAL COMPANY

Free Zone Companies holding a valid license from any other UAE licensing authority are eligible for this license.

Documents Required:

1. Passport copy of the company manager – valid for at least 6 months
2. Colored photograph of the company manager
3. Visa copy or UID of company manager
4. Trade License copy
5. MOA Copy
6. Board Resolution copy

BRANCH OF A FOREIGN COMPANY

Licenses under this category are issued to companies established outside the UAE. The ownership of the company will be 100% foreign. However, sales can be made through a UAE registered agent or distributor only. The activity may be commercial, industrial/manufacture or services.

Documents Required:

1. Passport copy of company manager – valid for at least 6 months
2. Colored photograph of company manager
3. Visa copy of company manager
4. Trade License copy
5. MOA Copy
6. Board Resolution copy

FREEZONE COMPANY (FZC)

Corporate individuals forming a company shall be granted a license under this category.

Activity can be industrial/manufacture, commercial or services.

Documents Required:

1. Passport copy for each partner – valid for at least 6 months
2. Colored photograph of each partner
3. No Objection Letter from sponsor if the applicant is a resident of UAE
4. Visa copy or UID for each partner.