In order to setup business in the United Arab Emirates, all companies must first obtain a Trade Licence. Ajman issues the following kind of business licences:
A firm must be registered in the GCC to apply for an Industrial Licence in Ajman. Oman, Bahrain, Saudi Arabia, Kuwait, and Qatar are the other members of the Gulf Cooperation Council (GCC) with the United Arab Emirates.
A corporation can add value to its products and then export, import, or re-export them using this sort of Business Licence in the United Arab Emirates
Only those who offer services to the public or to other enterprises are eligible to get a Professional Licence. Financial auditors, chartered accountants, engineers, and technical consultants are all examples of professionals that provide services in this category.
It is estimated that 42% of the population of the United Arab Emirates makes purchases online. Due to its closeness to the larger economic hubs of Amjan and Sharjah, Ajman has seen an unprecedented number of applications for e-commerce licences in the United Arab Emirates.
Services including painting, plumbing and electrical work fall under the purview of this Business Licence. Since the authorities in the United Arab Emirates routinely inspect the structural soundness and safety of all buildings, general maintenance services are in high demand.
There are many differences between a mainland company and other forms of business setup in Ajman. Firstly, Mainland companies are allowed to do business anywhere in the UAE and outside the UAE.
Previously foreign investors or entrepreneurs were not allowed to form a business in the UAE mainland with 100% ownership. It was mandatory to have a local sponsor with 51% of company shares allotted to them. This obligation has been revoked as per the new UAE company law. This allows foreign entrepreneurs to own 100% of their company shares in the UAE mainland.
Another major advantage differentiating mainland companies from others is the office space requirement and setup. Physical office space is required to obtain a mainland business setup license in Ajman. Mainland businesses have the advantage of setting up office spaces anywhere that suits them.
Mainland companies also do not have any restrictions when it comes to visa eligibility. The number of visas issued is directly proportional to the area of workspace/office space that the company has.
UAE mainland companies also have business aids, tax exemptions, and other benefits in compliance with the latest laws.
You must follow the following procedure for mainland company formation in Ajman.
The best thing you can do is to avail yourself services of our trusted mainland business setup consultants to reduce your burden and fast-forward the process.
Here is the list of documents that you will initially need to apply for mainland business setup:
There can be added requirements of documents based on the case. Your Consult Zone expert will guide you in case there is an emerging demand.
The latest amendments in UAE company laws benefit foreign businesses set up on the mainland in various ways. The law allows the foreign entrepreneur to have 100% ownership as opposed to the mandatory local sponsor requirement. Another major benefit is the significant tax exemption and government-funded business aid.
100% business ownership
100% business ownership
100% business ownership
