GSL / Offshore and International Law / Offshore zones / Middle East / United Arab Emirates / Ajman / United Arab Emirates: Ajman Free Zone

Company Registration in Ajman Free Zone - Business Starting & Setup

Want to set up a firm in Ajman Free Zone (the UAE)? We can assist you in starting a business or in buying a shelf company in the Ajman Free Zone with a full package of necessary documents, legal advice and follow-up support. Incorporation of a firm in the Ajman Free Zone includes provision of a registered office (for at least 1 year in any of our service plans), an apostilled set of constitutional documents, secretarial services and assistance with compliance fee and pre-approval for opening an account in banks of the the UAE. The total price of company formation in Ajman includes all necessary fees and charges for the first year of operation, as well as full one-year nominee service (package Optimum).

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Service packages
Express
Standard
Optimum
Company registration
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Legal address per year
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Secretarial services for the first year
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Fees and duties for the first year
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Apostilled bound set of incorporation documents
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Compliance fee
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Nominee service per year
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Bank Account Pre-approval
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Price
10 200 USD

10 200 USD

10 700 USD

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Company registration in Ajman Free Zone

Ajman Free Zone

Established in 1988, Ajman FZ is located in the administrative center of the emirate of the same name. Ajman is situated 40 kilometers from Dubai and thanks to the large port it is one of the centers for organizing the transportation of goods. Developed infrastructure and a plenty of commercial real estate available for rent made Ajman FZ one of the most attractive zones for registering trading and manufacturing companies.

Company Name

According to the UAE legislation, the following restrictions apply to company names:

  • Sensitive words include: Insurance, Bank, Building society, Co-operative, Fund, Municipal, Chamber of Commerce, Trust, Royal, Chartered, Finance, Mutual Fund, Emirate and Emirates;
  • Company name should end with word “Limited” or “Ltd”;
  • The companies can use English or Arabic for their names.

Company Registration

Company registration in Ajman FZ includes the following steps:

  • Select a company name to be checked for availability (at least two names), the structure of the company (directors, members) and type of licence;
  • Pay fees for services;
  • Provide the documents for directors and shareholders (either originals or notarized copies);
  • Prepare and submit a set of documents for company registration: company registration application (signed by the shareholder), specimen signature card (signed by the shareholder and director), Security Approval form (filled out and signed by each director and shareholder);
  • Receive the certificate of registration, articles and seal in the specified address.

Confidentiality

The UAE does not have public company registries that would contain details of shareholders or directors. Information about free zone companies can only be obtained at the request of a local court.

The register of shareholders and directors of the company is not accessible to third parties.

Local Registered Office

Upon registration the company and the Free Zone administration necessarily sign an office lease agreement. The address of such office is considered the official registered office address of the company. At the same time, the company is free to rent additional offices, industrial premises or warehouses in the territory of Ajman FZ.

Seal

Companies are required to have a common seal.

Redomicile

The redomiciliation of companies either to or from the UAE is permitted.

Company structure

Directors

The director (manager) can only be an individual, the minimum number of directors is one. There are no requirements as to the residency of directors. Directors’ details are submitted to the Free Zone administration, but are not accessible to third parties.

Secretary

Ajman FZ does not have a requirement to appoint a company secretary.

Shareholders

The minimum number of members / shareholders in a company is one, they can be individuals or legal entities, and there are no residency requirements. In the SEZ Ajman there is no requirement for the mandatory presence of a local shareholder in the structure of the company.

If the shareholder is an individual, then such a person must be over 21 years old.

Beneficiary

Despite that many jurisdictions consider creating a public register of beneficial owners, the UAE does not have one yet. This means that there is no open access to the beneficial ownership information. It is stored by a service provider, namely a company registration agent, trustees, lawyers, accountants and other professionals, subject to strict confidentiality. Information about the beneficial owner can only be disclosed to regulatory authorities (for example, during inspections for its availability) or by court order.

Share Capital and Shares

The minimum authorized capital is AED 185,000 (appr. USD 50,300), however the Free Zone administration does not currently request confirmation of its payment when registering the company.

The company normally issues 185 shares of AED 1.000 each.

Core Services

— Incorporation

Price10 200 USD

Including licence, rent of flexi-desk, stamp, and company registration. The cost of the package may vary depending on the number of shareholders, type of licence, and size of the office (the number of resident visas depends on the size of the office). The fees are stated for a company with a single shareholder and the possibility of obtaining 2 resident visas (minimum package). The fees also include a refundable deposit for e-channel in the amount of AED 5,000 (appr. USD 1370)

— Corporate legal services

Price10 200 USD

Including licence, rent of flexi-desk, and company renewal. The fees are stated for a company with a single shareholder and the possibility of obtaining 2 resident visas (minimum package).

— Assistance with bank account opening

Price2 500 USD

Irrespective of the outcome of application

— Delivery of documents by courier mail

Price160 USD

DHL or TNT, at cost of a Courier Service

— Obtaining a residence visa

Price4 200 USD

Cost of one investor visa, including: payment of all government fees (Entry Permit, Medical & Emirates ID, Visa Stamping); preparation and submission of applications and necessary documentation; accompanying the applicant on the trip to the hospital and migration authority.

Compliance fee

Compliance fee is payable in the cases of: renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / BO (except the change to a nominee director / shareholder)

Basic

Price250 USD

simple company structure with only 1 physical person

For legal entity in structure under GSL administration

Price50 USD

additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

For legal entity in structure not under GSL administration

Price100 USD

additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

For client with high risk Status

Price350 USD

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