Set Up Your Business in Ajman, United Arab Emirates
Ajman is the smallest emirate in the United Arab Emirates. The city of Ajman, which is where more than 90% of Ajman’s residents live, is one of the most populated cities in the United Arab Emirates. Ajman is located just 35 minutes from Dubai and served by both the Sharjah International Airport as well as the Dubai International Airport. Two-thirds of the world’s destinations can be reached my means of a flight that takes eight hours or less from Dubai or Sharjah, so Ajman is well-connected to the rest of the world.
Ajman is in the process of building its own international airport. When completed, it will be able to handle a million passengers and 400,000 tonnes of cargo. Ajman already has its own seaport, which handles 1,000 vessels every year. These make Ajman a most attractive destination for investors. Investments in Ajman have been growing a rate of 5% every year, and some sectors, like communications, storage, and transport have been witnessing a growth rate of 5.1% beating the industry average.
How to Open a Company on the Mainland in Ajman
The first step is to identify what kind of company structure your company will have. It could be a Sole Establishment (this is the same as a Sole Proprietorship), a Limited Liability Company or LLC which allows you to have up to 50 shareholders, a Private Joint Stock Company if the percentage of shareholding is not equal among all, a Public Joint Stock Company if you plan to offer shares to the public, a Branch Office that is fully owned by a company, or a Representative Office that is also owned by a company.
If you are not sure, a business setup consultant can help you zero in on the right company structure, based on the business model and the future expansion plans of the company. He/She can draw up the company formation documents that outline the name of the company, the name(s) of the shareholder(s), and the purpose for which it is being set up. He/She can also get them duly notarized by a Notary Public so that they have legal standing in the United Arab Emirates.
Flybiz Business Setup in Ajman will run a search to see if the name you have in mind for your company is available. He/She can tell you that there are certain rules pertaining to company nomenclature in the United Arab Emirates, such as religious terms not being permitted. The names of countries and cities are not allowed to be used, while nationalities and the names of geographical regions are allowed. A first name may be used as part of the company’s trade name only if it is the first name of one of the shareholders.
How to Register a Company on the Mainland in Ajman
- Submit a duly filled in application form at a Customer Service Centre of Ajman Municipality
- Check with the Inspection Unit for verification of the selected business location
- Obtain the necessary approvals from the various Government departments / agencies concerned
- Submit the approvals for company registration
- Make the necessary payment and receive your Business License on the next day
List of Documents Required for Company Formation in Ajman
- A copy of your passport
- A copy of your visa, if already in the UAE
- A copy of your Emirates ID, if already a resident of the UAE
- A No-Objection Certificate or NOC from your Local Sponsor, if already a resident of the UAE
- Articles of Incorporation / Documentation pertaining to company formation
These must be submitted for every individual shareholder in the company. This is so that an investor visa can be issued to every shareholder in the company. Additional documentation may sometimes be required, such as proof of residence in one’s country of origin or country of residence. This could be something as simple as a bank statement or a utility bill.
For more information, please check with Flybiz Business Setup in Ajman, who will handle all the paperwork on your behalf.
Why Choose an Experienced Company Formation Specialist?
A business setup consultant will also help you open a corporate bank account in the United Arab Emirates, so that you can make and receive payments with ease. Owing to strict anti-money laundering regulations, it is not easy to open a bank account in the United Arab Emirates. But with the right business setup consultant in your corner – who will personally see to it that all the documentation is in order – the entire process could take as little as an hour instead of the whole day.
At FlyBiz Business Setup in Ajman, we have been involved in the incorporation of thousands of companies in the United Arab Emirates. Our team of professionals has been handpicked for their expertise in Business Consulting, Tax Advisory, Legal, and Corporate Finance. We have been of assistance to clients from 100 countries around the world, and we have an excellent client satisfaction rate so far. Our team speaks multiple languages, and we can be reached by phone at +971 55 113 4789 or by email at info@flybiz.ae