Ajman Free Zone is one of the UAE’s most popular and thriving free zones. It has become a preferred destination for entrepreneurs and investors due to its strategic location ease of business, and competitive advantages. If you are planning to set up Ajman freezone companies, there are some important things you need to know. This article will guide you through the essentials.
Types of licenses:
The Ajman Free Zone Authority issues several types of licenses depending on the nature of the business. These include commercial, industrial, service, and e-commerce licenses. Each license has its requirements and benefits, and you must choose the appropriate one for your business. For example, if you want to set up a manufacturing unit, you will need an industrial license, while a service license is required for consulting or service-based businesses.
Before setting up a business in Ajman Free Zone, you must decide on your company’s legal structure. The options available include sole proprietorship, limited liability company (LLC), branch office, and representative office. Each structure has advantages and disadvantages; you must choose the one that best suits your business needs and goals.
You will need a residency visa to work and live in the UAE. If you plan to set up a business in Ajman Free Zone, you can apply for a residency visa for yourself and your employees. The visa requirements differ depending on the type of license and legal structure. For example, to obtain a visa for a branch office, you need to have a valid license from the parent company and a minimum capital investment of AED 50,000.
Costs and fees:
Setting up a business in Ajman Free Zone involves various costs and fees, such as license, registration, visa, and rental fees. The costs depend on the license type and legal structure, and you must clearly understand the expenses involved before proceeding. It is advisable to consult a business setup consultant who can provide you with a detailed breakdown of the costs and fees.
Facilities and amenities:
One of the significant advantages of setting up a business in the Ajman Free Zone is the state-of-the-art facilities and amenities it offers. The free zone has modern infrastructure, including office spaces, warehouses, factories, and business centers. It also provides banking, telecommunications, and logistics services, making it easy for businesses to operate smoothly.