Set Up Your Company 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.

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The real estate sector in Ajman has been on the upswing ever since the emirate announced 100% freehold to foreign investors. Ajman has a GDP of $4.23 billion. Along with Sharjah and Dubai, the Dubai-Sharjah-Ajman metropolis forms a Tri-City area.

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.

A business setup consultant can 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

List of Documents Required for Company Formation in Ajman

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 your business setup consultant, 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, 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

FAQ

What is the minimum capital required for Dubai South LLC business setup?

To set up a LLC company in Dubai South, you need AED 300k and it may change with time.

Do we need a local sponsor for business setup in Dubai South?

No, we don’t need a local sponsor since it’s a free zone and Dubai south provides 100% ownership to the entrepreneurs.

Can a single business get multiple licenses in Dubai South?

Yes, if the company is involved in different business activities, then you need the concerned license to operate in the free zone.

What is the time required for company setup in Dubai South free zone?

It takes less than a week to start your company in the freezone. Approach business setup consultants to speed up the process!