Ajman Mainland Company Formation
Ajman, the smallest of the UAE’s seven emirates, is a popular investment destination for foreign entrepreneurs due to its cost-effective business setup process. The emirate’s strategic location, near Umm Al Quwain and Sharjah, allows for various lucrative business activities such as real estate, construction, consultancy services, and trading. Business setup consultants can assist foreign investors in utilizing the emirate’s cost-effective offerings.
Expert Business Setup Services in Ajman, UAE
Ajman Mainland offers efficient and cost-effective business setup services for foreign investors entering the Middle East markets. Silver Oak Biz Business Consultants is a leading provider of these services, offering a one-stop solution for company registration requirements. Our team of highly qualified advisers can help investors navigate UAE immigration and labour laws and offer advice on visa processing, bank account opening, UAE golden visa, retirement visa, and compliance requirements like VAT, etc.
Legal Entities Permitted in Ajman Mainland
Foreign investors in Ajman Mainland are empowered to choose a suitable legal structure for their business setup based on shareholder number and proposed entity nature. With the guidance of business setup consultants, entrepreneurs can feel confident in determining the appropriate legal structure for their mainland company, including the following types:
Civil Company
Starting a civil company on the mainland of Ajman requires two individuals, a UAE national service agent or partner, and consultation with business setup experts.
Sole Proprietorship
A sole proprietorship in Ajman is a company run by a single shareholder with unlimited liability. The owner is directly liable for all liabilities and profits. UAE nationals and foreigners can set up a sole proprietorship in Ajman. Still, foreigners must appoint a UAE national as LSA for approval. Foreign investors can conduct professional or service activities through a sole proprietorship business in Ajman.
Branch Companies
Business setup advisers can assist registered companies, including UAE-based, foreign, and GCC-based entities, in establishing branches in Ajman mainland for quick establishment.
Public/Private Shareholding Company
Ajman mainland requires at least 51% UAE national ownership, allowing foreign investors to conduct commercial, industrial, and professional activities. Business setup consultants in Ajman can assist investors in establishing a mainland company in ajman without hassle.
Limited Liability Company (LLC) Company Formation
Foreign investors can start a Limited Liability Company (LLC) in Ajman with 2–50 shareholders, reducing the requirement for a UAE national partner as a Local Sponsor. Beginning in June 2021, nearly 1,000 commercial activities were listed by the Ajman DED. LLCs can carry out commercial and industrial activities, but consultancy activities are prohibited. Shareholder liability is limited to the capital invested, and third parties can only sue the company, not the shareholders. Debts incurred by the company are the company’s responsibility, not the shareholders.
Types of Business Licenses in Ajman Mainland Company Formation
Trade licenses in Ajman Mainland are not just necessary; they are crucial. Operating a business without one can lead to penalties. Business setup consultants can guide foreign investors through the process of applying for a trade license, which is dependent on the business’s economic activities.
Professional License
A professional license in Ajman Mainland allows skilled professionals to conduct professional or services-related activities, such as accounting, management consultancy, and technical services. A licensed company can have 100% foreign ownership, provided a Local Service Agent (LSA) is appointed. A UAE national LSA is required but not entitled to ownership. Consult top business setup consultants for a quick, professional license or LSA appointment.
Trading License
A trading license in Ajman allows license holders to sell goods specified in the permit, including import, export, and re-export of various goods. General and regular licenses allow a diverse range of goods. At the same time, total foreign ownership is available for thousands of commercial activities listed by the DED. Foreign investors can consult business setup consultants for more information on eligible activities.
Industrial License
Ajman’s industrial license allows license holders to engage in logistics and manufacturing activities, which can be obtained quickly by consulting business setup advisers.
Process of Business Setup in Ajman Mainland
Investors need to follow highly streamlined steps to register a company on the mainland of Ajman. Entrepreneurs with access to bespoke business setup services in Ajman can easily navigate the company incorporation steps. The steps associated with the process of business setup in Ajman mainland are given below:
- Select an activity
- Identify a legal structure
- Fill out and submit the business application form (business setup consultants in Ajman can provide this)
- Reserve the trade name
- Obtain approval from government bodies for high-risk activities
- Sign a lease agreement for office space
- Receive trade license
- Apply for a Residence visa
- Open a corporate bank account
Benefits of Business Setup in Ajman Mainland
Foreign investors can avail themselves of the following benefits by registering a company in Ajman mainland:
- 100% foreign ownership in specific activities
- Zero corporate tax
- Zero personal tax
- Modern infrastructure
- Excellent connectivity through sea, air and land
- Perfect location
- Low-cost living
- Ability to hire foreign labours at a low cost
- Availability of office spaces and warehouses at low rentals
Frequently Asked Questions
90% of the economy comprises small to medium-sized enterprises, with critical growth sectors including transportation, finance, retail trade, accommodation, food service, real estate, and manufacturing.
Dubai offers numerous business opportunities in IT solutions, manufacturing, e-commerce, logistics, digital marketing, tourism services, consultancy services, cloud kitchens, automotive, real estate, F&B, retail, fashion, and beauty, making it a hub for ambitious entrepreneurs.
Foreigners can start a business in Dubai and own 100% of it, including all free zone and mainland companies, but certain activities may restrict this.
Dubai is ideal for starting a business due to its affluent services, including direct foreign investments, innovative expansions, and technological advancements.
PRO Services in Ajman
Our Ajman-based PRO Services streamline business operations by handling governmental and administrative tasks like company registration, visa processing, and document attestation, allowing growth focus.
Ajman Free Zone
Our business setup services in Ajman Free Zone include company registration, visa processing, and document attestation, allowing you to focus on business growth.
