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Mainland Business Setup in Ajman

Ajman has developed ways of diversifying its assets over the years. The Department of Economic Development (DED) helps in mainland business setup in Ajman. In addition to offering several other beneficial opportunities to foreign investors, Ajman provides cost-effective options for business registration.

Mainland Business Setup in Ajman

Step by Step procedure for setting up a Mainland Company in Ajman

  • Step 1

Types of Business entities in Ajman Mainland:

  • Limited Liability company 
  • Public Shareholding company
  • Branch office
  • Representative office
  • Professional firm

Branch of Foreign Office:

In Ajman, the branch office is an extension of an international parent company. The branch office must also receive a trade license for the same practices which are carried out by its parent company. 

Limited Liability Company (LLC)

It is one of the most common forms of business entities, an LCC can be incorporated with the participation of at least 2 shareholders and the maximum number is 50 shareholders. The percentage of liability that each partner must bear depends on the ratio of individual shareholding.

Professional Firms

Professional Firms are committed to a particular profession for carrying out their domain-related professional practice. Unlike an LLC, this type of firm does not have a 51 percent shareholding limit.

Public Shareholding Companies

Public Shareholding Companies perform public shareholding, financial and banking, insurance activities. For the establishment process for public shareholding companies, the minimum capital required is US$ 2,725 million and is appropriate for larger projects.

Representative Office

Ajman, allows foreign investors to establish a representative office without any shareholder in presence. A representative office is not involved in the daily activities of companies and is more geared towards the promotion of marketing activities and research.

Step 2

Licenses for business setup in Ajman Mainland:

  • Trading license
  • E-commerce License
  • Industrial License
  • Professional License
  • Trading license

Compared to other business licenses, the Ajman trading license is easiest to obtain. Companies dealing with general trading or specialized training can obtain a trading license.

  • E-Commerce License

for conducting business in electronic trading or online business E-commerce business is granted. For technical and marketing support to investors, this E-commerce license is beneficial.

  • Industrial License

Companies involved in engineering, manufacturing, manufacturing or other special activities are required to obtain an Industrial License.

  • Professional License

Professional license can be obtained for service-oriented companies like craftsmen, artisans and professionals need to apply for this kind of license.

Step 3

Documents required for mainland company formation:

  • Passport copies of the shareholders
  • Proof of residence
  • Memorandum of Association & Articles of Association
  • Bank reference letter
  • A location ownership or copy of the Leasing contract.
  • Business plan
  • Every shareholder and manager's information sheet
  • Schematic drawing for the business location
  • A proof of trade name reservation is required.

Step 4

Procedure for Company Formation in Ajman:

  • First of all, a company application form shall be submitted at the customer service center in the municipality for initial approval.
  • Then, a Clear supervision of the inspection unit in the municipality for the position of the business needs to be done.
  • Obtaining the approval of specialized departments shall be done.
  • For the approval for the trade name and issuing of business register and membership certificate checking at the AJCC in the municipality should be done.
  • When a new company is established, necessary approval in addition to receipts from the ministry of trade to the register of the companies shall be submitted properly.
  • Later on, required fees shall be paid and the application shall be submitted at the customer service center to get the receipt.
  • To receive a license, it takes 1 day and the business set up cost depends on the license chosen by the company in Ajman.

Step 5

Advantages of Business setup in Ajman:

  • There are some taxation benefits
  • Foreign ownership is 100 percent
  • Business set up is comparatively low cost.
  • Import and export duties has 100 percent legal exemption.
  • There are no visa limits.
  • Not mandatory to file yearly audit