Business Setup in Ajman Mainland
A business setup in Ajman Mainland is a great option for new business owners. This is thanks to its rapid growth in the zone’s economy. Ajman is the largest and most populated city in the UAE and has one of the highest per capita incomes in the country.
In this article, we will provide you with all the facts on how to run a business setup in Ajman Mainland. Moreover, before starting, you need to know what regulations are necessary, and the benefits of establishing your commercial activities there.
What is Ajman?
Ajman is part of the seven emirates of the United Arab Emirates, Dubai, Sharjah, Ras al-Khaimah, Fujairah, Abu Dhabi, and Umm al-Quwain. We can estimate that this area is about 260 square kilometers.
All companies in Ajman Mainland are part of one specific type of business. For example, manufacturing, real estate, construction, and other business activities.
If you are willing to run an Ajman Mainland business setup, you must have a plan. Besides, you need to decide what type of business you will run, name your company and choose the necessary licenses.
When you start a business, you have to attract as many prospective employees as possible and find the most suitable infrastructure for your needs. However, Ajman has different zones to set up your business.
Ajman Free Zone
Ajman is the most significant economic zone in the Arabian Gulf region and is between three seaports. The area has not only access to international airports but also flourishing companies.
The Ajman Mainland business setup offers a hassle-free process. This company setup will be more accessible by satisfying their conditions of business setup procedures. Companies established and managed by authorities will now be issued a license to operate in their own business.
Ajman Media City Free Zone
Ajman Media City Free Zone is a new project that offers media and digital services to individual entrepreneurs and businesses in the UAE. Likewise, a business setup in Ajman Mainland allows people to lead with the same professional mindset of launching their companies.
Ajman Media City is in the city of Ajman and offers major perks to entrepreneurs who want to start a company nearby. Besides, there are many ways to use the high-tech telecommunications systems that a business setup in Ajman Mainland provides.
All Ajman Mainland businesses registered in commercialized geographical regions and companies registered under the Emirates government are Mainland companies. This is because of their prime position in the economy.
If an individual decides to start a business Ajman Mainland, he or she will need local representation. They can do this by having a company with 51% ownership of the business (the sponsor), with the other owners owning 49%.
In Ajman, there are plenty of options for your business to explore. Here are some companies that are allowed to operate in Ajman Mainland:
- Limited Liability Company (LLC)
- Public Shareholding Company
- Branch Office
- Representative Office
The Ajman Offshore business setup is controlled by the Ajman Free Zone Authority. There are no taxes, and company information is kept confidential.
Meanwhile, the company’s address is registered similarly to other offshore jurisdictions. An offshore business in Ajman includes the following activities:
- General trading
- Professional services
- Stake holding
- Investment and joint investment companies
- Advisory/Consultancy services
- Commission agents/brokers
What are the benefits of Business setup in Ajman Mainland?
Ajman is a popular destination for foreign investors because of its business-friendly environment. In addition to this, the business setup cost in Ajman is relatively low.
Besides, several benefits come with setting up a company or a small business in Ajman. These are some things you need to remember:
- A company setup in Ajman allows the full repatriation of profits and capital. Besides, it gives the foreign businessman the ability to invest in this lucrative market.
- It also offers all the opportunities that a free zone can provide. It is a relatively low cost because it does not have a hefty registration fee.
- On the other hand, the company formation in Ajman’s registration process is straightforward. There is a single-window clearance for multiple government services like postal services, licensing, immigration and visa.
- In Ajman, foreign investors can get a land lease broken up into 20-year increments. After the first decade, they can renew for another 20 years. Creating a company formation in Ajman allows you to operate legitimately and tax-exempt for 40 years.
- In addition to this, Ajman businesses are becoming more respected and popular as reliable international trading destinations. The UAE government treats them like any other company.
How to set up a business in Ajman Mainland?
Ajman is one of the most popular business destinations in the UAE. Likewise, this process does not come without challenges. It would be best to consider several things before starting a business in this area.
In addition to this, here are some of the most critical factors you should consider when planning a business setup in Ajman Mainland:
Submit the company application
The application for the Ajman Mainland business is a one-stop-shop for all the information you need to start your business. The application for the business setup in Ajman Mainland provides a single point of contact.
This provides the information you need for your company formation in Ajman. Besides, this must have approval of the customer service center in the municipality of Ajman.
Get approval from specific departments
As a company, you should ensure that you have all the necessary approvals before applying for a business license in Ajman Mainland. Moreover, this will save time and help your application process go quickly.
Permission from the Inspection Unit of the municipality of Ajman is obligatory to begin your business setup in Ajman. Besides, it may also involve other departments if your business activity is outside their role.
Obtain your trade name approval
You can register your new business in Ajman and have its trade name approved in the Mainland. The process is not complex, and you should be able to get your approval within a week or two.
However, this depends on the volume of applications submitted by other business owners in Ajman Mainland. After it is approved, the next step is to register your business.
Besides, it is also possible to get an established business register or membership certificate. This will provide support for legal issues like taxation and permits.
Submit the necessary approvals
If you are thinking about setting up a company in Ajman mainland, you need to submit the information and the receipts to approve the Register of Companies. Nevertheless, it would be beneficial that you first get all the paperwork approved by a consultant from the Ministry of Trade.
Obtain your business license
You have to pay the necessary fees and submit your application to the Customer Services Center. They will send you your business license the next day. Finally, this step towards your business setup in Ajman Mainland will be completed.
How much does it cost to start a business in Ajman?
There are a lot of factors that come into play with you setting up a company in Ajman Mainland. You need to consider the location of your business because it depends on the zone.
Besides, the business setup cost in Ajman is primarily influenced by the type of activity in which your business will be involved. A general figure for setting up a new company starts at AED 183.500.
One of the many incredible benefits to a UAE business location is the low-cost license. This allows you to explore markets at a lower cost. However, you can start your small business in Ajman with AED 5.000 per license.
What are business licenses available for business setup in Ajman?
Many entrepreneurs have the same question when setting up a company in Ajman Mainland. Down here, you can see the list of the licenses available in Ajman:
This license allows the owner to carry out trading activities in Ajman. An individual or a company can obtain it. In addition to this, this license includes the import and export of goods.
The industrial license allows the company to produce goods and establish factories or other commercial works. The permit also enables companies to sell their products in the Ajman zones.
National industrial license
The Ministry of Economy issues it to regulate the work of industrial units. If a business setup in Ajman Mainland is starting to move forward, they need this license. Moreover, it has a validity period of two years.
A professional license is a legal document that certifies the holder’s competence to practice a profession. A government entity or professional body usually issues it. Besides, it is valid for one year.
The professional license for a business setup in Ajman mainland allows you to start your commercial activities in the UAE as an engineer, architect, doctor, or lawyer. However, you can work as an accountant or any other profession licensed by the government.
The Ajman e-commerce license is a type of license that allows companies to sell their products and services online. Your business must be registered with the Ajman Economic Department and have an office in Ajman to obtain this license.
You can obtain this license for one year or three, depending on the company’s needs. It is renewable after its expiration date if the company has met all of its obligations under this license.
General maintenance license
To begin a maintenance business setup in Ajman Mainland, you will need a license from the government. Nonetheless, this license allows contractors to perform maintenance and repairs on buildings.
What type of business activity can a company practice in Ajman?
The country’s laws where the company is may restrict its business activities. The following are some of the types of businesses that you can consider for your business setup in Ajman:
A financial consultancy is a company that provides advice on financial matters. It may also provide a range of services and products related to finance, including investment management and wealth management.
With its modern healthcare facilities, Ajman has been able to provide a wide range of services to people from all over the world. With multiple hospitals and medical centers, this city offers a wide range of medical treatments that can be delivered quickly and efficiently.
The construction industry in Ajman has been a major contributor to the economy of the UAE. The construction industry is also one of the most competitive industries in the world. Besides, everyone is competing for resources and clients around the business.
Companies related to tourism and accommodation services
Ajman has a lot of companies related to tourism. These companies provide services to tourists, such as hotels and resorts, travel packages and tours, car rentals, etc.
Education, research, training, or consultancy services
Ajman has a strong focus on education as one of its main pillars. It is one of the few emirates that have a dedicated ministry for education. The Ministry of Education also has an office for higher education which offers undergraduate and graduate degrees. There are various fields including business management, engineering and arts.
A law firm in Ajman is a company that deals with legal matters such as the negotiation, drafting, and litigation of contracts. Ajman law firms are different from other types of law firms in that they are typically smaller and less expensive than those found in Ajman.
Why should you invest in Ajman Mainland?
Investing in an Ajman Mainland company setup is an excellent move for your business. Likewise, it is an investment that will provide you with ample opportunities to grow and expand your business.
This is a place where you can find more than just land to build on. Besides, it is a zone where you can find people who will help your company grow and prosper. In conclusion, the business setup in Ajman Mainland offers you access to all resources to help you thrive and succeed.