Start your business in Ajman, UAE
Ajman is the smallest emirate in the United Arab Emirates. Ajman City, home to over 90% of Ajman’s residents, is one of the most populous cities in the UAE. Ajman is located just 35 minutes from Dubai and is served by both Sharjah International Airport and Dubai International Airport. With two-thirds of the world’s destinations accessible by flight in eight hours or less from Dubai or Sharjah, Ajman is well-connected to the rest of the world.
Ajman is in the process of building its own international airport. When completed, it will be able to handle one million passengers and 400,000 tonnes of cargo. Ajman already has its own port, which handles 1,000 ships per year. This makes Ajman one of the most attractive locations for investors. Investment in Ajman is growing at a rate of 5% per year, and some sectors such as communications, storage and transport are seeing growth rates of 5.1%, above the industry average.
The real estate sector in Ajman has been booming since the emirate announced 100% freehold to foreign investors. Ajman has a GDP of $4.23 billion. Along with Sharjah and Dubai, it forms a triangular region called the Dubai-Sharjah-Ajman metropolis.
How to open a company on the mainland in Ajman?
The first step is to identify what kind of company structure your company will have. It could be a Sole Establishment (this is the same as a Sole Proprietorship), a Limited Liability Company or LLC which allows you to have up to 50 shareholders, a Private Joint Stock Company if the percentage of shareholding is not equal among all, a Public Joint Stock Company if you plan to offer shares to the public, a Branch Office that is fully owned by a company, or a Representative Office that is also owned by a company.
If you are unsure, a business setup consultant can help you zero in on the right company structure based on the business model and the company’s future expansion plans. He/she can prepare the company formation documents that include the company name, shareholders’ names, and the purpose for which it is being established. He/she can also get them duly notarized by a notary public so that they have legal status in the UAE.
Skyline Business Setup in Ajman will search to see if the name you have in mind for your company is available. He may tell you that there are some rules regarding company names in the UAE, such as religious terms not being allowed. The use of country and city names is not allowed, while names of nationalities and geographical areas are allowed. The first name can only be used as part of the company’s trade name if it is the first name of one of the shareholders.
How to register a company on the mainland in Ajman.
- Submit the duly filled application form to the Ajman Municipality Customer Service Center.
- Contact the inspection unit to verify the selected business location.
- Obtain necessary approvals from various relevant government departments/agencies.
- Submit approval for company registration.
- Make the necessary payment and receive your business license the next day.
List of documents required for company formation in Ajman
- A copy of your passport.
- A copy of your visa, if already in the UAE.
- A copy of your Emirates ID, if already a UAE resident.
- No Objection Certificate or NOC from your local sponsor, if already a UAE resident
- Articles of Incorporation/Documents related to company formation
This must be submitted for each individual shareholder in the company. This is so that an investor visa can be issued to each shareholder in the company. Sometimes additional documentation may be required, such as proof of residency in one’s home country or country of residence. This can be something as simple as a bank statement or utility bill.
Why choose an experienced company formation specialist?
A business setup consultant will also help you open a corporate bank account in the UAE, so you can make and receive payments with ease. Opening a bank account in the UAE is not easy due to strict anti-money laundering regulations. But with the right business setup consultant in your corner – who will personally see to it that all the documentation is in order – the entire process can take less than an hour instead of a full day.
At Skyline Business Setup in Ajman, we have been involved in the incorporation of thousands of companies in the UAE. Our team of professionals have been selected for their expertise in business consulting, tax advisory, legal and corporate finance. We have been assisting clients from 100 countries around the world, and we have the best client satisfaction rate ever. Our team speaks multiple languages, and we can be contacted by phone at (+971) 4 295 4459 or by email at info@skyline-dxb.com.
