Uploaded on Aug 18, 2020
Setting company up in Ajman Free Zone is a simple, five-step process. This guide will provide you the information regarding the process.
Guide for Business setup in Ajman Media City Free Zone_PPT
Guide for Business
setup in Ajman Media
City Free Zone
Advantages of Ajman Free Zone
Multiple visa options
Affordable and cost-effective
Quick and easy registration
NOC from the local sponsor isn't required
Access to state-of-the-art facilities
Low barriers to entry
Easy to open your corporate bank account
Easy to sponsor dependants
Multiple shareholders
Great location, global reach
AFZ additionally has many workplaces throughout the world — in Dubai, Russia, Pakistan, India
and the UK
Step by step guide for B
usiness setup in
Ajman Media City Free Zone
Step One: Outline your Business Activities
Select your business activity or activities.
AFZ welcomes most activities that are permitted in the UAE which includes
accounting and bookkeeping, consultancy, hospitality, IT, marketing, trading, and
transport.
List all intended activities to your license application. If you failed to do so, it can
cause significant complications in your project down the line.
Step Two: Choosing Company Name
UAE imposes a strict, however easy to follow, set of naming conventions that will
not be familiar to anyone outside of the region.
Keep in mind that it can't encompass any offensive or blasphemous language, nor
any references to Allah or Islam. If you want to include your own name in your
company name, you ought to use it in complete instead of simply your surname or
initials.
Check that the name you have chosen is available to be registered.
A company formation services can help you to with this step, making
recommendations and checking that your selected name is free.
Step Three: License Application
In most cases, you will be asked to provide:
• A passport copy with six months validity for each partner
• One colour photograph for each partner
• No Objection Letter from the existing sponsor if the applicant is a resident of the UAE
• A business plan if applying for an Industrial or Service license
If you wish to open a branch, you may also be asked to provide:
• Memorandum and Articles of Association
• Board Resolution
• Certificate of Incorporation
• Power of Attorney
A Registration Certificate issued by the competent authority in the country in which the company is
registered.
Step Three: License Application (Contd.)
If you give your completed application without any errors, it is possible to get your
business license in only one business day.
To make sure that is the case, it is a great idea to work with a company formation
professional throughout the complete incorporation process.
Step Four: Visa Application
With your license secure, you can now apply for any visas you may need. A
company formation professional can take care with this step for you, together
with your license application.
You can apply for your own visa, as well as those of your employees and
dependants including your spouse, children and domestic staff.
In most cases, the number of visas you can apply for will rely upon the size of your
business and your preferred license package.
Step Five: Opening a corporate bank account
The very last step to launching your AFZ business is to open your corporate bank
account. This isn't always a straightforward process for international entrepreneurs.
There are many local and international banks to pick out from, all with different
acceptance criteria and application process.
Yet another reason you need a reputed company formations services to work
alongside you to complete this process. They can also offer you advice on the most
suitable bank for your business as well as organise meetings with financial
institutions too.
Starting your business in Ajman
Free Zone
Any mistakes on your application should lead it to being behind schedule or
rejected.
That’s why it’s an amazing idea to work with a company formations services that will
help you set up your business.
Let the specialists take care of the rest – dealing with your license and visa
applications, communicating with all applicable departments and authorities, and
reporting back whilst you’re ready to begin trading. It absolutely is that simple.
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