Ajman is the smallest state among the states that make up the United Arab Emirates—located along the Persian Gulf and in the Arabian Peninsula. Ajman provides modern, up-to-date services and facilities still sustain a traditional charm in it. Ajman has arisen as an ideal trading and industrial center over the past few years. Currently, the major industries in Ajman are manufacturing, wholesale and retail, construction, real estate, and business services and transport, storage and communication. The port of Ajman and its free zone contribute mainly to the Emirates economy.
Ajman experiences extensive development across different sectors. In the year 2014, Ajman Vision 2021 was unveiled. The development of the Emirate will be positioned on four pillars according to the plan. The four pillars are –
- Creating a happy society
- Building a green economy
- Promoting governmental excellence
- Spirit of the union
Ajman is currently the best destination in the UAE to start your business as the maintenance costs are comparatively low. Let us get to know what to Ajman mainland has to offer to its businesses.
Types of Business Licenses in Ajman
There are six main types of business licenses in Ajman. They are as follows.
- Trading License – This type of license will enable you to import and export of goods and services in the UAE.
- National Industrial License – There are a few criteria’s you must meet to get this license –
- The business must register with the GCC, and they must own 51% of the shares
- At least 40% of the industrial processes should be done in the free zone. if you are holding this type of license, then you are eligible for duty-free customs fees to the member states of Arab Gulf Cooperation Council
- Industrial License – This type of license is given to carry out manufacturing activity in Ajman.
- General Maintenance License – This type of license can give the power to operate in the field of maintenance and to enable you to make repairs and performs regular maintenance duties to keep buildings in good shape.
- Professional/Service License – This type of license is allowed to any UAE foreign or free zone entity interested in providing professional/service license activities in the Emirate.
- E-Commerce License – This license facilitates online business entrepreneurs with the free zone to tap into the growing eCommerce segment of the GCC and the region.
Why must you invest in Ajman?
Here are the benefits of investing in a business in Ajman –
- It is placed between Dubai and Sharjah and is easily accessible from both of these cities
- State-of-art infrastructures like roads, ports, transport, and industrial zones
- Facilities like power, telecommunication, and medical
- Primary industries are available making it provide such raw materials needed to some ready and semi-manufactured industries
- It offers a low-cost operation for many industries as compared to other free zones in the UAE
Types of Business Entities in Ajman Mainland
- Limited Liability Company
- Public Shareholding Company
- Branch Office
- Representative Office
- Professional Firm
Procedure to Set up a Business in Ajman Mainland
Ajman Mainland makes an exciting opportunity for the business incorporation. It offers a global opportunity for foreign investors with a platform for investment, trade, and industry business establishment. Ajman Mainland company formation benefits cost savings. Here are the steps to register your business in Ajman mainland.
- Submit the company application form at the customer service center in the municipality
- Obtain approval of specialized departments
- Obtain approval for business name
- Submit the necessary approval to the register of companies
- Pay the required fees and apply to the customer service center
The documents required to open your Ajman mainland business are –
- Passport copy of the shareholders
- Proof of residence
- Memorandum of Association & Articles of Association
- Business plan
- Bank reference letter
How can we help?
Ajman Mainland serves as an investment medium for businesses and benefits zero taxation. Obtaining licenses in Ajman Mainland Company is efficient, and the procedure is hassle-free, there are multiple visa options for a business set up in here. Contact us at the Commitbiz Management Consultants for a compelling business setup. Our team of specialists will guide you through every step to form your dream business.