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Ajman Free Zone Company Formation: A step by step guide

Any entrepreneur looking to start a business in the UAE should familiarize themselves with the country’s free zones. They offer a great variety of advantages. Because, while all free zones provide these advantages, this does not imply that they are all the same. Hence, you might be interested in an Ajman Free Zone company setup.

In this article, you will learn everything you need to know about the Ajman Free Zone company setup. Numerous advantages are directly related to the Free Zone. Let us go over the specifics to help you decide whether or not establishing a business in Ajman Freezone is right for you:

1. What is Ajman Free Zone (AFZA)?

2. Why establish a business in the Ajman Free Zone (AFZA)?

3. Steps to set up a business in Ajman Free Zone

4. General steps for establishing a business in Ajman Free Zone and in the Mainland

5. Other key points to consider in your Ajman Free Zone company setup

6. The benefits of Ajman Free Zone

7. How can Connect Group help you?

1. What is Ajman Free Zone (AFZA)?

Ajman Free Zone is a completely free trade zone located in Ajman, the United Arab Emirates. It was established in 1988 and has grown to become one of several dozen unbundled free trade zones in the UAE. It offers foreign investors offshore business setup and operation.

As of the third quarter of 2021, this free trade zone was home to 12,372 businesses. Plus, the Ajman Free Zone is about 0.6 square kilometers in size. It includes companies involved in:

  • General retail and industrial merchandise.
  • Construction materials and services. 
  • Furniture.
  • Automobiles.
  • Engineering.
  • Design.
  • Transportation equipment and components. 
  • Petroleum refining and the oil and gas sector. 
  • And financial and insurance services.

These sectors are very popular among expatriates who are looking for job opportunities in Dubai that offer good pay and other beneficial business activities. In addition, free zones offer great advantages, and you can contact us for more information about them. 

2. Why establish a business in the Ajman Free Zone (AFZA)?

When it comes to business success in Ajman Free Zone, you need a good guide for business setup (AFZA). This is because there are numerous factors to consider when establishing your business in the UAE’s town of Ajman.

You must consider the local market, suppliers, international competition, infrastructure, and other factors. It is therefore prudent to have a good guide for your business setup in Ajman (AFZA) who can assist you in navigating these waters.

In addition, Connect Group offers outstanding company formation services. Hence, we can help you in setting up a business in a free zone such as RAKEZ and JAFZA.

3. Steps to set up a business in Ajman Free Zone

3.1. Organize your ideas

The first step in this Ajman Free Zone company setup guide is to prepare your business venture. This means you should have a plan for how you will run your company. You should also have a list of the products or services you intend to offer; as well as the price you are willing to charge for them.

3.2. Find a good supplier

After you have prepared these necessities, you can move on to the next step an Ajman Free Zone company setup. Finding a good supplier for whatever products or services you intend to sell in the local market is what this is all about.

3.3. Marketing

The marketing plan. This is also the most important step because it will determine how successful your business will be. For example, if you believe that your marketing strategy will include the use of local newspapers and word of mouth; you must select a supplier who can provide you with adequate coverage in the local market.

Ajman-based suppliers, for example, can provide you with coverage in both newspapers and websites.

3.4. Determine the type of business

Once you have completed the Ajman Free Zone company setup guide; it is time to decide what kind of business you want to start. This step will also assist you in determining the best equipment for your business, the location of your business, and other important factors.

Thus, once you have decided on all of these steps, you can move on to the next step, which is establishing your business. To that end, you must obtain a business license, register a trading name, and register with the Trade Office in your town.

3.5. Create a website

The next step in the Ajman Free Zone company setup guide is to create a website for your company. This can be accomplished as a standalone website or through an online service provider. Depending on your preferences and budget, this step can be simple or difficult.

If you want to do it yourself, you should get a website hosting package from a reputable web host provider. This can help you save money on website setup and design. Furthermore, having a dependable web hosting company is essential. This is because they can handle all of your web hosting needs and keep your website online without interruptions.

There are many more steps in the guide for Ajman Free Zone company setup, but all of them are geared towards helping you promote your business. Indeed, promoting your business is one of the best ways to make money. This is because you can sell products at a cheaper price than those in your local market and earn more profit from each sale.

Moreover, since you are not restricted by the rules and regulations of your market; you can freely choose products that will sell and promote them in your own way and make money out of them.

4. General steps for establishing a business in Ajman Free Zone and in the Mainland

  • Submit an application to the Customer Service Center for initial approval.
  • Select a business location and notify the Inspection Unit.
  • Obtain a Trade License.
  • Submit documents to the Ajman Company Register.
  • Pay your license fees.
  • Obtain a trade license.

5. Other key points to consider in your Ajman Free Zone company setup

If you want to work in the Ajman free zone, you must apply for a visa. To do this, you must provide proof of your strong interest in working in the aforementioned business zones; as well as relevant experience.

Fill in the box indicating the type of business activities you intend to engage in for visa processing. You must also specify the date you intend to leave the country. Your passport must be valid, and you must have received all necessary immunizations.

Additionally, we offer visa services. With us, you can get an investor visa and a golden visa, among others.

5.1. Types of foreign investors

There are three types of foreign investors who can set up shop in Ajman free zone entities. The first category consists of UAE national investors. They have the full right to buy and sell any item or service in the free zone of Ajman. They can open a shop or store, provide consulting, manufacturing, trade, real estate, or even lease any property in the free zone.

The second category of foreign investors consists of citizens of third-world countries who have the legal right to buy, rent, or sell products in Ajman free zone business areas. These individuals include South Koreans, Chinese, Indians, and Russians.

The third category includes United Nations or other international agency officials who are on temporary duty; or who visit Ajman business areas regularly. The authorities in these locations establish rules and regulations for such officials to be able to obtain business licenses.

These rules and regulations are written in such a way that foreigners do not have ownership or active control over the property or service. In short, they must obtain a visa and a license to conduct business in the Ajman free zone.

5.2. Getting your office space

After you have completed the visa process, you can begin looking for a suitable location to establish your business. A large number of multinational corporations have established their headquarters in the Ajman free zone. Some of them are exactly what their names suggest; while others are simply small businesses that are still finding their way into the industry.

Thus, the first thing you should do is look for a suitable location in which to launch your business. This is due to the importance of location in the grand scheme of things. The type of business you will conduct is determined by the location of your establishment.

Additionally, we offer efficient real estate services.

5.3. Visa documentation

After you have decided on a location, you can start looking for the necessary visa documentation. You must obtain the necessary information from the UAE authorities in order to do so.

UAE authorities are quite strict when it comes to foreigners entering the country; especially those from outside the zone, and so an ad must be obtained before traveling.

There are several reasons why a foreigner would want to start a business in the free zones of Ajman. Most foreign investors come to the country to make a lot of money by selling property in Ajman’s free zones. Foreign exchange trading is also a lucrative business in the free zone of Ajman.

Many individuals and even businesses have made their homes in Ajman’s free zones. This is because they benefit from better exchange rates and the opportunity to earn more profits through trading. This lucrative opportunity has enticed hundreds of entrepreneurs from all over the world to relocate to Ajman; this is to establish their own businesses and earn good money.

6.     The benefits of Ajman Free Zone

6.1. Visa options abound

The AFZ entices foreign investors by offering a variety of visa options. People who are starting a business in the UAE for the first time need to worry less about visa applications and more about their business.

Hence, the various visa packages include the Smart Office Package, which allows you to obtain up to three visas, and the Executive Office, which allows you to obtain up to five visas. Businesses that do not wish to establish a physical presence can also choose Flexi-desk packages.

6.2. Cost-effectiveness

The AFZ is well-known for being the UAE’s most cost-effective trading zone. As a result, it is especially popular among medium and small businesses. License packages begin as low as AED 11,000, and you gain access to benefits that significantly reduce costs.

6.3. Registration is simple

It is extremely simple to establish your own business in the Free Zone. You can register online at the AFZ’s official website, and you will only need to come to the free zone once to sign documents. The quick and simple process lowers barriers and saves time.

7. How can Connect Group help you?

Several steps must be taken, some of which are complex and some of which are not. Choosing a business activity is usually the first step. From here, you can choose a company name, complete and file your registration paperwork with the appropriate authorities, etc. 

The specifics of this process, however, will be heavily influenced by the type of license you are applying for. That is why, before beginning any of these steps, you should always contact a company setup expert who will walk you through every aspect of the application; ultimately ensuring the entire process takes no more than a few hours of your time.

Would you like to contact Connect Group to obtain more information on the Ajman free zone company setup? Therefore, if you have any questions, you can email us at contact@connectgroup.co. When you do, you will talk to one of our representatives who will answer your questions.

Are you currently looking for a job? Do not hesitate any longer and visit thetalentpoint.com to apply. In addition, we are not going to store CVs and resumes that you send to contact@thetalentpoint.com. Work with the best in the UAE.

The Complete Guide for LLC Company Formation in Dubai

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