Process for Azman Free Zone Company Formation

Ajman Free zone Company Formation Process Before setting up your company in the Ajman free zone, you must make some vital decisions like; deciding the ideal company name, the nature of your business, and filing the required documents to get the trade license. The process starts once all the necessary company formation in Ajman free zone documents is submitted to the Ajman Free Zone Authority.

The process of obtaining a commercial or trading license in Ajman takes around 4 to 5 weeks if in cases where the applying party submits all the necessary documents. A simple document submission mistake can delay the company formation application and review process significantly. Hence, at Flying Colour, we focus on offering document preparation guidance and assistance to ensure that you submit the right documents as per legal requirements during the initial application.

Types of company formations Free Zone Establishment (FZE) Free Zone Establishment licenses are mandated by the Emiri Decree No. 3 of 1988 according to amendments by Emiri Decree No. 3 of 1996. The decree classifies FZE as a completely independent corporate entity. FZE required formation documents include; - Copy of passport valid for at least 6 months.

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A coloured photograph.

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A feasibility study if the business will focus on electronic, service or industrial activities.

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A no objection letter from the business sponsor.

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Relevant trade name approval fees.

Freezone Company (FZC) Just like the FZE, the FZC licenses are issued as per the Emiri Decree No. 3 of 1988 as amended in 1996. The company should be incorporated by two or more people. The company owners are liable to the extent of their paid up capital shares. FZC required formation documents include; - Company representative or manager passport copy valid for at least 6 months.

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A coloured photograph.

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If applicant holds a valid UAE residency visa, a no objection letter for their sponsor must be provided.

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Industrial and service companies must provide a feasibility study.

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Company registration fees.

Branch of local company Branch licenses in Ajman free zone are issued to companies with valid business operation licenses from other UAE company licensing authorities. Its required documents include; - Passport belonging to branch manager or representative valid for 6 months.

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Coloured passports.

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No objection letter from sponsors where applicable.

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Relevant branch formation fees.

Branch of foreign company These branch licenses are issued to companies that have set base outside the UAE jurisdiction.

Company ownership remains 100% as per the branch of foreign company licensure. But, company sales can only be facilitated through a registered UAE distributor or agent. Required formation documents include; - Company registration certificate issued by the mandated body in the company’s parent country.

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Manager or company representative passport with a 6 months validity period.

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Company’s contract of association.

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Relevant branch of foreign company formation fees.

Summary: Ajman freezone is one of the most iconic UAE region for setting up a company; it provides all the core business environment attributes that trigger growth. It is also one of the most developed and cost effective free zone in UAE. Flying Colour is a one stop company formation in Ajman freezone solutions and service provider that caters to both local and foreign investors.

Our team will handle all the company formation requirements giving you enough time to focus on strategic planning and management.