How to Get Certificate of Incorporation in Ajman
Let’s delve into the specifics of obtaining a Certificate of Incorporation in Ajman, including for businesses in the Ajman Free Zone, which is an attractive option for entrepreneurs due to its strategic location, cost-effectiveness, and ease of doing business. Understanding how to navigate the process in Ajman and its Free Zone can significantly streamline your journey towards establishing a legal business entity in the UAE.
Certificate of Incorporation in Ajman
A Certificate of Incorporation in Ajman functions as formal recognition of your business’s legal establishment under the jurisdiction of the Ajman government. It is essential for operating legally, opening bank accounts, applying for visas, and conducting other business-related activities.
Steps to Obtain a Certificate of Incorporation in Ajman Mainland:
- Choose Your Business Activity: Start by selecting the type of business activity you plan to engage in. Ajman offers a wide range of options, and your choice will dictate the required approvals and licenses.
- Select a Company Name: Your business name should adhere to UAE naming conventions, avoiding any restricted or offensive language. The chosen name must be approved by the Ajman Department of Economic Development (DED).
- Apply for Initial Approval: Submit an application for initial approval to the Ajman DED. This step is crucial as it confirms the government’s preliminary consent for your business activity and name.
- Draft and Sign Legal Documents: Prepare the necessary legal documents, including the Memorandum of Association (MOA), and get them signed by all relevant parties.
- Lease a Business Location: Find a suitable location for your business and secure a tenancy agreement. This is required for the final approval.
- Submit Documents and Pay Fees: With all the paperwork in order, including the approved business name, initial approval, MOA, and tenancy agreement, submit your application to the Ajman DED. You’ll also need to pay the prescribed fees, which vary depending on your business activity and other factors.
- Collect Your Certificate of Incorporation: Once approved, you’ll receive your business license along with the Certificate of Incorporation, officially marking the legal establishment of your business in Ajman.
Ajman Certificate of Incorporation Fee and Documents Required Overview
Below is a simplified table outlining these essentials, providing a snapshot of what entrepreneurs should prepare for during the application process. It’s worth noting that fees can vary based on several factors, including business activity, company size, and specific needs like visa applications for employees. Therefore, the listed fees and Documents Required for Ajman Mainland and Ajman Free Zone are indicative and subject to change.
| Requirement | Ajman Mainland | Ajman Free Zone |
|---|---|---|
| Initial Approval Application | – Application form – Business plan (if applicable) – Passport copies of owners/shareholders | – Application form – Business plan – Passport copy of the owner |
| Company Name Registration | – Preferred company names | – Preferred company name |
| Legal Documents Preparation | – MOA drafting – Shareholder agreement (if applicable) | – MOA or AOA drafting depending on company type |
| Office Space & Tenancy Contract | – Tenancy contract of the office space or warehouse – Ejari registration | – Depending on the package: Flexi-desk, office space, or warehouse agreement provided by AFZ |
| Submission of Documents & Payment of Fees | – All of the above documents <br> – Initial approval fee <br> – MOA attestation fees – License fee | – All of the above documents Registration fee – License fee – Lease agreement fee (if applicable) |
| Indicative Fee Range | AED 15,000 – 25,000 (excluding office lease) | AED 11,000 – 50,000 (varies by business activity and chosen package) |
You Might Like to Read these too
How to Get a Certificate of Incorporation in the UAE Dubai, Abu Dhabi
Certificate of incorporation Sharjah Explained
Certificate of Incorporation in Ajman Free Zone
Ajman Free Zone (AFZ) is known for its investor-friendly environment, providing a range of benefits such as 100% foreign ownership, tax exemptions, and easy access to international markets. The process for obtaining a Certificate of Incorporation in AFZ is streamlined to facilitate easy setup.
Steps to Obtain a Certificate of Incorporation in Ajman Free Zone:
- Select a Business Activity and Company Type: Choose from a variety of business activities and decide on the type of company formation that best suits your needs (e.g., FZE, FZC, branch office).
- Choose a Company Name: Follow the naming guidelines provided by AFZ and get your business name approved.
- Apply for Approval: Submit your application for business setup in AFZ, including your business plan and other required documents, for initial approval.
- Draft and Sign the MOA/AOA: Depending on your company type, draft and sign the Memorandum of Association or Articles of Association.
- Submit Documents and Pay Fees: Once you have the initial approval, submit all required documents to AFZ and pay the setup fees, which include registration and license fees.
- Collect Your Certificate of Incorporation: After processing, AFZ will issue your Certificate of Incorporation along with your business license, allowing you to commence operations within the free zone.
Both in Ajman mainland and the Ajman Free Zone, the process is designed to be straightforward, encouraging business growth and investment. It’s advisable to consult with the Ajman DED or Ajman Free Zone Authority directly or through their official websites for the most current information, as procedures and fees may vary over time.
Leave a Reply