My Experience Setting Up a Company in Ajman Free Zone
AFZ is a well-established business hub in the UAE
I will guide you through the process of setting up a company in Ajman Free Zone (AFZ).
AFZ is a well-established business hub in the UAE, offering a wide range of benefits, including tax exemptions, 100% foreign ownership, and access to global markets. In this comprehensive guide, I will take you through the step-by-step Ajman free zone company open process from choosing your business activity to obtaining your license and visa.
The first step is to choose your business activity. AFZ provides a diverse range of activities, including manufacturing, trading, and service industries. You can select up to five activities for your company. The next step is to choose your company type. AFZ offers three types of companies: Free Zone Establishment (FZE), Free Zone Company (FZC), and Branch of a Foreign Company. FZE and FZC are separate legal entities with limited liability, while a branch is an extension of the parent company.
After selecting your business activity and company type, you need to reserve your company name. You can do this by checking the availability of your desired name on the AFZ website and reserving it for up to 30 days. The next step is to prepare your documents, which include a passport copy of shareholders and directors, a no-objection certificate from your current sponsor (if applicable), a business plan, memorandum and articles of association (MAA), and an application form.
Once your documents are ready, you can submit them to AFZ either online or in-person. AFZ will review your documents and provide feedback within three to five working days. After your documents are approved, you can obtain your license and visa. AFZ offers two types of licenses: trading and service. You will also need to apply for a residency visa for yourself and your employees.
Setting up a company in AFZ has numerous benefits, including 100% foreign ownership, repatriation of profits and capital, tax exemptions, and access to global markets. The registration process is straightforward, and AFZ offers world-class infrastructure and a business-friendly environment.
In conclusion, setting up a company in Ajman Free Zone can be a straightforward and beneficial process. By following the steps outlined in this guide, you can establish your company in AFZ and take advantage of its strategic location, excellent infrastructure, and numerous benefits.