Ajman Company Formation

Investors setting up a business in Ajman Free Zone enjoy lower set up costs than equivalent free zones elsewhere in the UAE. For example, Ajman Free Zone Authority levies no business registration fees (although it does levy license fees), making Ajman company formation a cost-effective solution for international entrepreneurs. Furthermore, office and land lease rates in Ajman Free Zone are lower than in the free zones elsewhere in the UAE.

Goods produced by the companies having National Industrial Licence in the Ajman Free Zone with 51% share holding with GCC nationals are eligible for "UAE Certificate of Origin" from the Ministry of Economy and Commerce, UAE, qualifying them for a customs duty exemption in member states of the GCC, provided the value addition in Ajman Free Zone has been at least 40% of the total final value of the relevant product.

Companies setting up in Ajman Free Zone enjoy low energy costs. Consequently, Ajman company formation is popular for energy-intensive businesses such as manufacturing. Entrepreneurs choosing to set up a manufacturing entity in Ajman Free Zone obtain an Industrial License. Healy Consultants will arrange all required licenses without our client needing to travel to Ajman.

A company located in Ajman enjoys 100% legal exemption from all import and export duties.

Investors setting up a business in Ajman Free Zone obtain a 20-year land lease, renewable for another 20 years and thereby guaranteeing 40 years' legitimate tax-exempt operations.

100% foreign ownership is permitted with Ajman company formation. A Free Zone Enterprise (FZE) requires a minimum of one shareholder. Furthermore, there are no restrictions on the repatriation of capital or profits from the UAE for any entity in Ajman.

If properly-structured, Ajman company formation is the perfect way to legitimately book international profits without paying local corporation tax. There is neither any corporate tax nor personal income tax levied in Ajman. Furthermore, there are no requirements for an Ajman Free Zone company to prepare annual financial statements or tax returns to any authorities, making Ajman company formation easy to manage.

Setting up an Ajman Free Zone company is easier and cheaper than incorporating a limited liability company. For example, it is possible to set up a 'hot desk' facility in an office, a fully equipped space with desk, internet connection etc which is available for rent by the hour or day subject to availability. This shared facility removes the cost of renting a fixed office, and is especially attractive to new business start ups choosing Ajman company formation.

International entrepreneurs obtain one of 4 different license types for their Ajman Free Zone company: i) Trading License ii) Industrial License iii) Professional Services License and iv) National Industrial License. A Trading License is issued to foreign/UAE companies/Free Zone Entities who wish to carry out activities in the Ajman Free Zone.

As part of the UAE, a respected international trading jurisdiction, an Ajman company is not perceived as an offshore company in an international tax haven. The UAE is positively ranked as the 28th least corrupt country in the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

Healy Consultants can open global corporate bank accounts to support Ajman company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Following Ajman company formation, our clients obtain UAE residence and employment visas. For more information, visit our Migration and Relocation services page.

Ajman is a small emirate which does not enjoy the global image and reputation of Dubai. Consequently, Ajman company formation is not a good solution for international entrepreneurs for whom corporate image is important.

While Ajman Free Zone is strategically located close to major communication and transport links, Ajman has only a limited range of good quality accommodation, services and schools for expatriate staff. The majority of expatriate managers choose to live in Dubai or Sharjah, with commuting times from Dubai at peak hours taking up to one hour.

Because it is under developed, Ajman Free Zone is experiencing construction work and utilities development which is disruptive to the operations of some companies. Furthermore, because it is under developed Ajman Free Zone is not yet an established community of businesses requiring services.

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