Business Setup in Ajman

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business setup in ajman

Business Setup in Ajman

Explore how to establish your business setup in Ajman with our comprehensive guide on mainland company setup in 10500 AED. Start your Company journey today!

Ajman, the smallest of the UAE 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.

Legal Entities Permitted in Ajman Mainland Company Formation

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:

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.

(LLC) Limited Liability Company Company Formation in Ajman

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.

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.

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.

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.

Tourism License

Unlock the potential of the Ajman tourism sector with a Tourism License! The license allows you to operate travel agencies, tour operators, and related services. Enjoy the benefits of a growing market, professional support, and a strategic location.

Agricultural License

Establishing your agribusiness in Ajman with an agricultural license enables you to farm, cultivate, and distribute agricultural products. Benefit from Ajman’s supportive regulatory environment and access to local markets. Contact us for expert guidance on the setup process today!

E-commerce License

Launch your online business with an E-commerce License in Ajman! License allows you to sell products and services online, benefiting from a rapidly growing digital market. Enjoy streamlined processes and robust support. Contact us today to assist with the licensing steps and start your e-commerce journey!

Branch License

Launch your online business with an E-commerce License in Ajman! License allows you to sell products and services online, benefiting from a rapidly growing digital market. Enjoy streamlined processes and robust support. Contact us today to assist with the licensing steps and start your e-commerce journey!

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:

ajman business setup
mainland business setup in ajman

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

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.

company formation in ajman

Estimated Costs for Mainland Business Setup in Ajman

The Ajman Mainland business setup cost includes license fees, office space, local sponsor fees, visa and permit costs, and other expenses. Office space varies based on location, size, and facility type. Local sponsor fees may apply for businesses requiring a local sponsor. Visa and permit expenses for shareholders and employees are also essential considerations. The mainland license fee ranges from 10500 to 18000 aed.

Documents Required for Business Setup in Ajman Mainland

The required documents for a business vary based on its legal structure, such as Limited Liability Company (LLC), Sole Proprietorship, and Branch Office.

Limited Liability Company (LLC)

Sole Proprietorship

Branch Office

FREQUENTLY ASKED QUESTIONS

Answer of mostly asked questions to us

What are the first steps to setting up a business in Ajman mainland?

To set up a business in Ajman mainland, follow these steps:

  • Decide on your business activity.
  • Choose your business structure (e.g., sole proprietorship, LLC).
  • Obtain initial approval from the Ajman Department of Economic Development (DED).
  • Reserve a trade name.
  • Rent an office space that meets local regulations.
  • Complete the licensing process and pay the fees.

What types of business licenses are available in Ajman mainland?

Ajman offers various types of licenses, including:

  • Commercial License: For trading activities.
  • Industrial License: For manufacturing businesses.
  • Professional License: For service providers (e.g., consultancy).
  • Tourism License: For travel agencies and related services.

Is a local sponsor required for businesses in Ajman mainland?

Yes, for most types of companies, a local sponsor (UAE national) is required to hold 51% of the shares. However, certain business activities allow 100% foreign ownership under specific conditions.

What are the advantages of setting up a business in Ajman mainland?

  • Cost-Effective: Lower setup and operational costs compared to other emirates.
  • Accessible Market: Ajman is strategically located near major cities, providing access to a wider market.
  • Variety of Licenses: A range of licenses is available for different business activities.
  • Growing Economy: Ajman's economic growth provides opportunities for various industries.

How long does it take to register a business in Ajman mainland?

The business registration process in Ajman can typically take one to three weeks, depending on the business type, required approvals, and document readiness.

Are there any specific requirements for foreign investors?

Foreign investors may need a local partner for most types of businesses, except for specific activities that allow 100% foreign ownership. They must also comply with local laws and regulations.

What is the minimum capital requirement to start a business in Ajman mainland?

The minimum capital requirement varies based on the business activity and structure. For LLCs, the minimum is typically AED 300,000. Always check with the DED for specific requirements.

Can I hire foreign employees for my Ajman mainland business?

Yes, you can hire foreign employees. You'll need to obtain the necessary work permits and visas, and comply with the UAE's labor laws regarding employment.

What are the main compliance requirements for businesses in Ajman?

Ongoing compliance includes:

  • Annual renewal of your trade license.
  • Filing necessary tax returns (if applicable).
  • Maintaining up-to-date financial records.
  • Adhering to labor regulations regarding employee welfare.

How can Silver Oak Business Consultancy help with business setup in Ajman?

At Silver Oak, we provide comprehensive support throughout the business setup process in Ajman. Our services include:

  • Guidance on legal requirements and licenses.
  • Assistance with documentation and applications.
  • Local sponsorship solutions.
  • Advice on market entry and business strategy.

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