Ajman, a fast-growing emirate in the UAE, is gaining popularity among entrepreneurs and investors for its affordable business setup options, efficient processes, and strategic location.
Whether you’re looking to set up a company in the mainland, Ajman Free Zone, or Ajman Media City (AMC), the emirate offers diverse opportunities across industries.
Here’s an in-depth guide to starting your business in Ajman and how Growbox can support you in this journey.
Why Choose Ajman for Your Business Setup?
1. Cost-Effective Business Setup
Ajman stands out as one of the most affordable emirates for company formation. Whether you’re applying for a mainland license or establishing a free zone business, the fees are significantly lower than other emirates. For instance:
- Mainland company setup costs start from AED 14,000.
- Free zone packages begin at AED 20,000, inclusive of all essential services.
This affordability extends to other business expenses, such as land and rental costs, making Ajman an ideal location for startups and small businesses.
2. Scalable Business Platform
Ajman offers a scalable environment, allowing businesses to grow at a sustainable pace. For new companies, the emirate provides:
- Cost-effective licensing and office space options.
- A global exposure platform for businesses to expand their reach.
- Limited upfront investment requirements, make it a practical choice for budding entrepreneurs.
3. Strategic Location and Infrastructure
Ajman provides easy access to two international airports and four seaports, making it a logistics hub for trading companies. Additionally, the emirate boasts:
- Robust infrastructure.
- High-speed connectivity.
- Access to a skilled workforce.
4. Ajman Free Zone and Offshore Benefits
Ajman Free Zone and offshore entities offer unique advantages, such as:
- 100% foreign ownership.
- Tax-free income.
- Confidentiality of financial disclosures.
- Streamlined redomiciliation services for businesses relocating to Ajman.
5. Media and E-commerce-Friendly Policies
Ajman Media City (AMC) is a haven for creative and media businesses. With licenses starting from AED 8,500, AMC allows up to five activities under one license and provides flexible workspace options like shared desks, small offices, and executive offices.
Step-by-Step Guide to Business Setup in Ajman
1. Choose the Right Jurisdiction
- Mainland: Ideal for businesses requiring flexibility in local and international operations.
- Free Zone: Best for 100% ownership, minimal taxes, and ease of setting up.
- AMC: Perfect for media-related and e-commerce businesses, offering cost-effective licenses.
2. Select the Legal Structure
Options include:
- Free Zone Establishment (FZE) – Single shareholder.
- Free Zone Company (FZC) – Multiple shareholders.
- Branch of a foreign or local company.
3. Prepare Documentation
Standard requirements include:
- Passport copies.
- Business plan and proposed activities.
- Company name and shareholders’ details.
- Lease agreement for office space.
4. Submit Your Application
Once the documents are ready, submit them to the relevant authority. Payment of registration fees and approvals are required to proceed.
5. Obtain Licenses and Permits
Receive your trade license, certificate of incorporation, and other necessary documents like a Memorandum of Association (MoA).
6. Visa Processing
- Apply for establishment cards and residency visas.
- Complete medical tests, Emirates ID registration, and visa stamping.
7. Open a Corporate Bank Account
After receiving your trade license and establishment card, open a corporate bank account to manage your finances.
How Growbox Can Help You
Starting a business in Ajman is easier with Growbox as your trusted partner. We provide expert consultation to help you choose the right jurisdiction, license, and legal structure while handling all aspects of setup, including documentation, trade licenses, and visa processing.
Our cost-effective packages and transparent pricing ensure you get the best value for your investment.
Beyond setup, we offer flexible office solutions through Growbox Business Center and assist with banking, compliance, VAT registration, ESR filings, and AML policies.
With post-setup services like PRO support and trade license renewals, we ensure your business runs smoothly from day one.
Let’s Build Your Business Together
Growbox is dedicated to helping entrepreneurs and businesses thrive in the UAE. Whether you’re setting up a trading company, a media business, or an e-commerce venture, our tailored solutions make the process hassle-free.
Contact us today at +971 52 897 5554 or visit our website to get started on your business journey in Ajman. With Growbox, success is just a call away!