Ajman Free Zone Company Formation

Type of Companies and Main Characteristics:

1. Freezone Establishment (FZE), owned as 100% by either individual or legal entity (company) having establishment capital of 50,000 U.S. dollar (approximately 185,000 AED).
2. Free Zone Company (FZC), free zone companies for a number of partners, whether individuals or companies of separate legal capacity, so as every investor share is to be determined through partners when issuing the license.
3. Branch

• A branch is considered a legal entity of its parent company
• An entity established outside of the Ajman Free Zone can establish a branch within Ajman.

Type of Licences in Ajman:

Type of licence depends on type of activity your business participates. Trade License Released within 1 day . Attested degree certificates are not required for Commercial/General Trading activities and also not required for some professional license activities.  Ajman offers four types of licenses:

1. Trading License
2. E commerce License
3. Professional Services License
4. National Industrial License

Feature of Ajman Free Zone Company

• Time to form: 1-2 days, subject to name approval
• Personal Presence Required: Yes for bank account opening
• Place of business: Allowed to do business internationally, in the UAE, and have an office in Dubai
• Confidentiality: 100% confidentiality

Company Structure

• Registered Office: Yes required, Ajman Free Zone, Dubai.
• Directors: Director can be of any nationality and need not be resident in the UAE. Corporate directors are permitted.
• Number of directors needed:  The minimum number of directors is one.
• Shareholders:  FZE formation can be with a single shareholder. FZC can be formed with 2 to 5 shareholders
• Share Capital requirement:  USD 50,000
• Foreigner ownership: 100% foreign ownership
• Local sponsors requirement:  Not required
• Any restrictions on capital repatriation: 100% repatriation of capital and profits. No restriction on capital repatriation.
• Name of a Company: The name of the company may end with the word “FZE” (Free Zone Entity) or “FZC” (Free Zone Company).
• Company office in UAE: Allowed to have an office in the UAE

Restrictions & Exemptions in Ajman Free Zone

Ajman Free Zone Company shall not use restricted words in the name or trade:

• Unless with the approval of the Registrar in writing the name shall not include the words “Bank”, “Trust Company” or “Trustee Company”, “Assurance” or “Insurance”, “Chamber of Commerce”, “Municipal” or “Municipality”, “Global”, “International”, “Middle East”, “UAE”, “Emirate” or “Emirates” or any other word which in the opinion of the Registrar may suggest:-

(a) a connection with the Government of the Federation of the United Arab Emirates, its agencies or identical bodies of any of the member States of the Federation;

(b) the patronage of their Highnesses the members of the Federal National Council.

• Trading Restrictions of Ajman Free Zone Company:  Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted

Confidentiality and Privacy

• Publicly Accessible Records (relating to company officers):  No names are disclosed
• Disclosure of Beneficial Ownership to Authorities:  No names are disclosed
• Location of Meetings of Directors and Shareholders:  Anywhere

Legislation and Government

• Government: Ajman Free Zone Authority
• Governing corporate legislation: Ajman Free Zone Offshore Companies Regulations of 2014
• Language of Corporate Documents:  English/Arabic

Books and Records requirements for Ajman Free Zone Company

• Requirements to File Accounts: None
• Audit Requirements:  None
• Requirement to File Annual Return:  None

Taxation & Fees in Ajman Free Zone

• Any corporate tax:  0% corporate and personal income tax rate guaranteed for 50 years
• Any Personal Income tax:  No personal income tax
• Taxation:  0
• Double Taxation Treaty Access:  None
• Are there imports or re-exports duties: Total exemption from all import and export duties.
• Annual Renewal Fees:  Has to be paid on the anniversary of the company and every twelve (12) months thereafter

Land and Facilities in Ajman 

• Facilities:  Each facility is designed to meet the specific needs
• Plots of Land:  Ajman provides plots of various sizes for short and long-term lease. Executive Suites Office Packages:

Bank account for the Company

• Business bank account: Bank account can be opened in any banks in the UAE

Get a Visa when you register Ajman Free Zone Company

• Possibility to get resident or employment visas for investor:  Possibility to get resident or employment visas for investor and employees.

Currency

• Standard currency:  Dirham (AED).
• Exchange Control:  No Taxation Treaties with other countries; No requirement for exchange of information with other Tax Authorities.
• Any Currency restrictions:  No currency restrictions.

How to Proceed with company registration in Ajman Free Zone

Three simple steps to register your company in Ajman:

• We will help you to select a company type, licence type, size of office (land).
• We will complete all necessary documents and submit them the register.
• You will receive your license and product(s).

Documents Required:

Individuals

• Passport valid for 6 months
• Passport size photograph
• No objection certificate from current sponsor, if applicant is UAE resident as employee
• Feasibility study in case of industrial, service and electronic activities
• Fees of 100 AED for trade name approval
• Business plan is required if the client would like an industrial or service licence

• Capital: Abu Dhabi
• Political System: Democracy
• Government: Monarchy
• Governing corporate legislation: Offshore Regulations 2006
• Type of Law: Civil
• Currency: Dirham (AED)
• Exchange Control: None
• Language of Legislation and Corporate Documents: English/Arabic
• Time zone: GMT+4