Ajman offshore cost

Ajman Free Zone (AFZ) is a leading business hub in the UAE, offering world-class infrastructure and strategic location. Setting up a company in AFZ provides a range of benefits, including tax exemptions, 100% foreign ownership, low yourtaxadvice.com, and access to global markets. In this article, we will guide you through the step-by-step process of setting up a company in AFZ.

Step 1: Choose Your Business Activity

The first step to setting up a company in AFZ is to choose your business activity. AFZ offers a wide range of business activities, including trading, manufacturing, and service industries. You can choose up to five activities for your company.

Step 2: Select Your Company Type

Next, you need to select your company type. AFZ offers three types of companies: Free Zone Establishment (FZE), Free Zone Company (FZC), and Branch of a Foreign Company. FZE and FZC are separate legal entities with limited liability, while a branch is an extension of the parent company.

Step 3: Reserve Your Company Name

Once you have selected your business activity and company type, you need to reserve your company name. You can check the availability of your desired name on the AFZ website and reserve it for up to 30 days.

Step 4: Prepare Your Documents

To set up a company in AFZ, you need to prepare the following documents:

• Passport copy of shareholders and directors
• No-objection certificate from current sponsor (if applicable)
• Business plan
• Memorandum and Articles of Association (MAA)
• Application form

Step 5: Submit Your Documents

After preparing your documents, you need to submit them to AFZ. You can do this online or in person. AFZ will review your documents and provide feedback within three to five working days.

Step 6: Obtain Your License and Visa

Once your documents are approved, you need to obtain your license and visa. AFZ offers two types of licenses: trading and service. You also need to apply for a residency visa for yourself and your employees.

Benefits of Setting Up a Company in AFZ

Setting up a company in AFZ provides numerous benefits, including:

• 100% foreign ownership
• 100% repatriation of profits and capital
• Tax exemptions
• Access to global markets
• World-class infrastructure
• Easy company registration process

Conclusion

Setting up a company in Ajman Free Zone is a straightforward process that offers numerous benefits for business owners. By following the steps outlined in this article, you can establish your company in AFZ and take advantage of its strategic location, world-class infrastructure, and business-friendly environment.