Establishment of a company in the free zone, Ajman Free Zone

Establishing a Company in the Free Zone Ajman Free Zone The free zones in the United Arab Emirates are an ideal destination for investors seeking to establish a company in the Ajman Free Zone in an advanced commercial environment that encourages international business. Ajman Free Zone is emerging as one of the premier business destinations in the country, providing a range of facilities and benefits that make it attractive to investors. By offering financial, operational and tax incentives such as zero customs duties and income taxes, the Ajman Free Zone enhances growth and prosperity opportunities for new and expanding businesses alike.

In addition, the Ajman Free Zone provides modern infrastructure and advanced facilities that facilitate production and export operations, which enhances business efficiency and helps achieve economic growth. Choosing the Ajman Free Zone to establish a company is considered a deliberate strategic step, as it combines political and economic stability with clear legislation that protects the rights of investors and enhances the chances of success in the local and regional market. In this way, the article can complete the review of the necessary steps and additional benefits of setting up a company in the Ajman Free Zone, providing readers with a comprehensive and detailed understanding of this process and its benefits.

Reasons for investing in Ajman Free Zone

There are several reasons why Ajman Free Zone is an attractive place to invest. Here are some of the main reasons for establishing a company in a free zone :

• Advanced Infrastructure: Ajman Free Zone has a developed infrastructure, including well-equipped seaports, nearby airports, and road networks connected to the surrounding areas. This excellent infrastructure provides efficient transportation and facilitates access to regional and global markets.
• Commercial and regulatory freedom: Ajman Free Zone provides a free trading environment and flexibility in commercial and regulatory laws. Companies registered in the region enjoy advantages such as no corporate taxes, fast customs clearance, foreign direct investment opportunities, and freedom to transfer funds and profits.
• Access to regional and global markets: The presence of the Ajman Free Zone in an important strategic location, as it facilitates access to regional markets such as the United Arab Emirates and the Gulf Cooperation Council countries. The proximity to the UAE’s airports and seaports also provides an opportunity to expand into global markets.
• Facilities and Supporting Services: The Ajman Free Zone provides a wide range of facilities and support services for companies, including banking and financing services, logistics and warehousing, research and development, and training and employment. These services help companies achieve sustainable and guaranteed success.
• Available workforce: Ajman Free Zone has an available multinational and multi-experienced workforce. Companies can use this diverse and qualified workforce to meet their business and professional needs.

Promising sectors for establishing businesses in the Ajman Free Zone

The Ajman Free Zone offers investment opportunities in a variety of sectors. However, there are some sectors that are considered promising and receive special support and encouragement from local authorities. Here are some promising sectors for establishing a company in the free zone  Business in the Ajman Free Zone:

• Light and manufacturing industries: The Ajman Free Zone encourages the establishment of companies in the field of light and manufacturing industries, such as food and beverage industries, clothing and textiles, and furniture and furnishings. Companies can take advantage of the advanced infrastructure and logistical facilities available to manufacture and export products efficiently.
• Trade and Distribution: Ajman Free Zone is a trade and distribution hub, where companies can benefit from its strategic location and excellent infrastructure. Companies can be established in the areas of general trade, e-commerce, distribution, and supply chain management and meet the needs of local and regional markets.
• Logistics and Transportation: Due to its strategic location and good infrastructure, Ajman Free Zone is a hub for logistics and transportation. Companies can be established in the fields of shipping, warehousing, distribution, sea, air and land freight, and services related to transportation and customs clearance.
• Technology and Innovation: Ajman Free Zone seeks to attract technical and innovative companies in areas such as information and communications technology, artificial intelligence, and technological innovation. Appropriate support and infrastructure are provided to develop startups and promote technology and innovation.
• Tourism and Hospitality: The tourism and hospitality industry is one of the main sectors in the Ajman region. Companies can be established in the field of hotels, resorts, restaurants, tourism and entertainment services. Ajman Free Zone provides opportunities to benefit local visitors and tourists coming to the region.

Strategies for attracting talent and developing skills in Dubai

Ajman is interested in attracting talent and developing skills through a set of strategies and initiatives. Here are some of the aspects that Ajman focuses on to attract talent and develop skills:

• Educational Centers and Universities: Ajman hosts a number of educational centers and universities that offer diverse educational programs in various fields. Higher education and vocational training opportunities are provided to students and professionals wishing to develop their skills.
• Economic development and industrial projects: Ajman works to promote economic development and attract investments in various fields such as industry, technology and tourism. This requires providing job opportunities and developing the skills required for workers in these industries.
• Training Programs and Scholarships: Many training programs and scholarships are organized in Ajman to develop skills and attract talent. Professional training and personal development opportunities are available in various fields such as leadership, entrepreneurship, technology, and marketing.
• Government initiatives: The government in Ajman is working on implementing initiatives to enhance education and develop skills. These initiatives include establishing training and development centers, organizing courses and seminars, and providing financing and support to startups and innovative projects.
• Cooperation with the private sector: Ajman works to enhance cooperation between the government sector and the private sector to develop skills and provide job opportunities. Joint training programmes, cooperative projects and career opportunities are organized in the private sector.
• Innovation and Research: Innovation and research are encouraged in Ajman by providing necessary platforms and facilities to scientists and researchers. Scientific and technical research is supported and events and competitions are organized to promote innovation and develop skills in this field.

The cost of establishing a company in Ajman Free Zone

The cost of establishing a company in the Ajman Free Zone varies based on several factors, such as the type of company, its activity, and the services it needs. Here’s an overview of the basic costs that could be involved:

• Registration and license fees: These fees include the costs of registering the company in the Ajman Free Zone and obtaining the necessary licenses to practice commercial activity. These fees vary depending on the type of company and the amount of capital required.
• Capital: Some types of companies may require securing core capital, which can vary based on the company’s activity and the requirements of local authorities.
• Costs of consulting and legal services: You may need outside legal or financial advice to help you prepare legal documents and assist with the incorporation process, which increases your overall costs.
• Office costs and infrastructure: If you need a company office, you will need to pay for rent, office insurance and the infrastructure needed for day-to-day work.
• Administrative fees: Administrative fees can include fees for government transactions and procedures, such as submitting applications, licenses, and permits.
• Local Taxes: If a business qualifies for value-added tax (VAT), it may need to register and comply with local taxes, which includes paying 5% sales tax.

What are the financial and administrative benefits of establishing a company in the Ajman Free Zone?

Establishing a company in Ajman Free Zone can provide many financial and administrative benefits to companies. Here are some key benefits:

• Benefit from taxes: Free zones in Ajman are considered tax-free zones or have low tax rates. Therefore, companies registered in the free zone can benefit from reduced taxes or benefit from no taxes on profits or income.
• Full foreign ownership: In some free zones in Ajman, foreign companies are allowed to own 100% of their shares without the need for a local partner. This gives foreign investors complete control over the operational process and profitability of the company.
• Advanced Infrastructure: Ajman Free Zones provide advanced infrastructure and high-quality facilities, including roads, parking, communications and logistics services. Proper infrastructure is provided to facilitate corporate operations and improve work efficiency.
• Access to Regional Markets: Ajman is located in a strategic location that facilitates access to neighboring regional markets such as the United Arab Emirates and the GCC countries. Companies registered in Ajman Free Zone can take advantage of this prime location to expand their operations and develop export and import operations.
• Facilitated administrative procedures: Free zones work to simplify administrative and regulatory procedures for companies registered in them. Fast and efficient services are provided for registration, licenses, permits and other administrative work, facilitating the establishment and management of a company more smoothly.
• Work and residence facilities: Work and residence facilities are provided to employees and managers in companies registered in the free zones. Work and residency visas can be easily obtained, making it easy to bring in qualified employees from all over the world and take advantage of a diverse workforce.

The role of our company in establishing a company in the Ajman Free Zone

Establishing a company in the Ajman Free Zone in cooperation with Itqan Company represents a strategic step towards success in a business environment characterized by flexibility and excellence. The Ajman Free Zone provides many advantages to investors, such as full foreign ownership, tax exemptions, and customs facilities, making it an attractive destination for investors seeking to establish their projects successfully. By cooperating with Itqan Company, investors benefit from the extensive experience and specialized support provided by the company throughout all stages of establishing the company.

Itqan Company plays an important role in facilitating establishment procedures by providing comprehensive consultations and practical assistance. Starting from choosing the appropriate type of company and business activity, to preparing and submitting the required documents, and managing transactions with government agencies, Itqan contributes to ensuring that the process runs smoothly and efficiently. Itqan provides its strategic support, allowing investors to focus on developing their business and achieving their goals, without having to worry about complex administrative and legal aspects.

Through this collaboration, investors can be sure that they are taking a deliberate step towards sustainable success in the market. The facilities provided by the Ajman Free Zone, combined with the professional experience of Itqan Company, contribute to enhancing the opportunities for success and expansion in the local and international markets. In conclusion, establishing a company in the Ajman Free Zone in cooperation with Itqan Company represents a valuable opportunity to achieve growth and innovation in a supportive and conducive business environment.

Frequently asked questions about establishing a company in Ajman Free Zone