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Advantages of establishing a company in Ajman Free Zone

Advantages of establishing a company in Ajman Free Zone

٠١ مارس Advantages of establishing a company in Ajman Free Zone

Establishing a company in the Ajman Free Zone in cooperation with Itqan is an exciting opportunity for investors who want to benefit from the thriving business environment in the United Arab Emirates. In this article, we will briefly review the benefits of establishing a company in the Ajman Free Zone in cooperation with Itqan and the advantages of establishing a company in the Ajman Free Zone.

Ajman Free Zone is distinguished by its advanced infrastructure and distinguished financial facilities, making it an attractive home for startups. The free zone allows investors to benefit from tax and customs exemptions, in addition to fast licensing and administrative facilities.

In addition, the Ajman Free Zone provides access to the Middle East and North Africa market, enhancing expansion and export opportunities. The stimulating business environment and cooperation with Itqan also facilitate communication with government agencies and provide support and advice to emerging companies.

Advantages

Advantages of establishing a company in Ajman Free Zone

Establishing a company in Ajman Free Zone

Establishing a company in a free zone in Ajman is considered an important strategic step for investors seeking to benefit from the business opportunities and competitive advantages provided by this active Emirati emirate. Ajman Free Zone has a good reputation as an investment destination full of opportunities, providing an encouraging business environment and available resources to support the growth of new and expanding companies.

One of the main benefits of establishing companies in a free zone in Ajman is obtaining tax exemptions, including not being charged corporate income tax for a specific period, and not being taxed on deductions from profits or transferred funds. The free zone also provides flexibility in ownership and establishment rules, allowing foreign investors to acquire a full or partial share of the company without the need for a local partner.

In addition, the Ajman Free Zone offers advanced infrastructure, including integrated facilities for companies such as warehouses, offices, and specialized industrial zones, providing an ideal environment for production, manufacturing and distribution. The free zone also provides support services such as logistics, customs clearance, banking facilities, and legal and financial consulting services to support companies’ operations.

In short, establishing a company in a free zone in Ajman is an excellent option for investors seeking to take advantage of the tax facilities, flexible business environment and advanced infrastructure to succeed and grow in a competitive market.

Types of companies that can be established in the Ajman Free Zone

Of course, here is a table showing the types of companies that can be established in a free zone in Ajman:

Type of Companya description
Limited Liability Company (LLC)A limited liability company is one of the most popular types of companies that can be established in the free zone. Shareholders can be individuals or companies, and the company has a separate legal personality from its owners.
Sole ProprietorshipAlso known as a sole proprietorship, where the sole owner and administrator of the company is one person. The owner has complete control over the company and the profits it makes.
SubsidiaryAlso known as a subsidiary, a subsidiary of a parent company owns part of the stock. The subsidiary retains its independent legal personality, but is closely linked to its parent company.
Limited Liability Company (Ltd.)A limited liability company is a form of company that is established with a limited financial contribution. Shareholders have limited liability for the value of the contributions they make to the company.

These are some examples of the types of companies that can be established in a free zone in Ajman, and it is worth noting that there are other types of companies that can be established according to local regulations and laws.

Permits required to establish a company in the Ajman Free Zone

Permits to establish companies in a free zone in Ajman may vary depending on the type of business activity and local laws. However, usually, the basic steps for establishing companies in a free zone include:

  • Business permit: The company must obtain a permit to conduct the specific business activity, which may require approval from local authorities.
  • Building and planning permission: If the company intends to build or modify a building, it may need a building and planning permit from the local authority.
  • Environmental and Health Permit: A company may need an environmental and health permit before commencing operations, especially if it operates in environmentally sensitive industries.
  • Work Permits: The company must obtain the necessary work permits to hire workers, in accordance with local labor laws.
  • Company Licenses: A company may require local or federal licenses before beginning operations.
  • Land use permit: If the company plans to use land in the free zone, it may need a permit from the local authorities.
  • Safety and Security Permits: There may be special safety and security permits required by some businesses.
  • Export and import permits: If the company is active in international trade, it may need special permits for exports and imports.

Establishing

Establishing a company in Ajman Free Zone

Costs associated with setting up a company in the Ajman Free Zone

The costs of establishing a company in a free zone in Ajman may vary depending on several factors, including the type of company and the size of the planned business activity. However, here is a list of the main costs you may incur when setting up a company in the Ajman Free Zone:

  1. Licenses and Permits Fees: These include fees paid to local authorities to obtain business licenses and permits necessary to begin operations.
  2. Registration and establishment fees: These include fees paid to the relevant government bodies to register and legally establish the company.
  3. Legal and accounting consulting fees: It is recommended to obtain local legal and accounting consulting to ensure compliance with local laws and regulations, and this includes consulting costs.
  4. Office and Utilities Costs: These costs include the costs of renting the office and utilities needed to operate the company, and may vary depending on location and size.
  5. Labor costs: These costs include the costs of recruiting and employing the labor necessary to operate the company, including salaries and social benefits.
  6. Marketing and advertising costs: These costs can include marketing and advertising costs for the company to increase brand awareness and attract customers.
  7. Logistics Fees: These fees include logistics-related costs such as shipping, customs clearance, and warehousing.
  8. Insurance Costs: A company should consider property, liability, and labor insurance, and these costs may be part of the incorporation costs.

Advantages of establishing a company in Ajman Free Zone

Establishing a company in a free zone in Ajman offers many advantages and benefits that make it a potential option for investors. Here are some advantages of establishing a company in Ajman Free Zone:

  • Tax exemptions: The freedom zones in Ajman are among the emirates that provide attractive tax exemptions, including not imposing income tax on companies for a specific period, and not imposing a tax on capital or profits made from businesses outside the free zone.
  • Facilitations in foreign ownership: Freedom areas in Ajman provide favorable ownership laws for foreign investors, as they are allowed to own and establish companies 100% without the need for a local partner.
  • Flexible Business Environment: Freedom Zones in Ajman offer a flexible business environment and available resources to support corporate growth, including advanced logistics facilities, government support, and banking and financial services.
  • Facilitated customs clearance: Al Hurriya areas in Ajman are characterized by easy customs clearance procedures and a sea port that facilitates import and export operations for companies.
  • Availability of skilled workers: The labor market in Ajman enjoys the availability of skilled and trained workers in various sectors, which makes the region an attractive place to attract the necessary competencies.
  • Advanced Infrastructure: Al Hurriya areas in Ajman provide advanced infrastructure, including industrial areas, warehouses, modern offices, and integrated logistics facilities.

In conclusion, establishing a company in the Ajman Free Zone in cooperation with Itqan represents an exciting and exciting investment opportunity in the United Arab Emirates. The Ajman Free Zone provides advanced infrastructure and distinguished financial facilities, making it an ideal environment for the success of startups.

By taking advantage of the tax and customs exemptions, fast licensing, and administrative facilities provided in the free zone, startups can achieve sustainable growth and expansion in the MENA markets.

In addition, cooperation with Itqan provides support and advice to emerging companies, and facilitates communication with government agencies and local institutions, which enhances the chances of success and development.

The most important frequently asked questions about establishing a company in the Ajman Free Zone 

What logistics services are available in Ajman Free Zone?

Logistics services include shipping, customs clearance, warehousing, distribution, transportation, and insurance.

Can companies access the external labor market easily?

Yes, companies in Ajman Free Zone can access the external labor market easily without the need for special approvals.

What are the procedures required to employ foreign workers?

Companies must obtain work permits for foreign workers from local authorities, based on business needs and specific conditions.

What are the environmental and health permits required to start working in the free zone?

Some businesses may require environmental and health permits to comply with specific environmental and health standards.