Business Setup in Ajman Mainland is an excellent choice for entrepreneurs looking to start their businesses. Located on the Arabian Gulf coast, it is adjacent to Umm Al Quwain and Sharjah. Key industries in Ajman Mainland include real estate, retail, construction, transport, and business services. The Department of Economic Development in Ajman oversees the jurisdiction and issues business licenses. Here are some advantages of establishing a business in Ajman Mainland.
- Strategic Location
- 100% Foreign Ownership
- Low-Cost Business Setup
- Cost-Effective Pricing for Office Rentals
- Modern Infrastructure
YUGA Accounting & Tax Consultancy brings years of expertise in assisting investors with the business formation process in Ajman Mainland. We will collaborate closely with you to manage the entire procedure, from obtaining licenses to handling essential renewals, ensuring a smooth and hassle-free business setup experience.
Choose Your Business License Type
Ajman Mainland offers several business license types, including:
1) Industrial License
Designed for manufacturing, processing, or production enterprises, the Industrial License offers the regulatory framework needed to establish industrial operations, taking full advantage of Ajman Mainland’s strategic benefits.
2)Professional/Service License
This license, tailored for professionals providing specialized services, supports consultants, freelancers, and service providers across various fields, ensuring compliance and confidence within Ajman Mainland’s service sector.
3)Trading License
Crucial for businesses engaged in buying, selling, or trading goods, the Trading License facilitates smooth trade operations, whether you’re running a retail store, a wholesale business, or involved in import-export activities.
4) General Maintenance License
For businesses offering general maintenance services such as plumbing, electrical work, and landscaping.
5) E-Commerce License
The E-Commerce License enables businesses to engage in online trading activities, tapping into the growing e-commerce market while adhering to regulations governing digital transactions.
Required Documents and Steps to Obtain Your Business License
Obtaining your business license is a critical stage in the business setup process. Here are the steps you’ll want to follow to get yours:
Steps to Get Your Business License
- Submit a Company Application
- Pick the Right Trade Name
- Pay Fees and Obtain License
- Submit Documents
- Get Approvals from the Relevant Authorities
Required Documents
- Copy of passports for shareholders and partners
- Reference letter issued by a Bank
- Proof of address from the last three months
- KYC Application, Provided by YUGA Accounting
- Curriculum Vitae of Shareholders
Business Entities Permitted in Ajman Mainland
In Ajman Mainland, investors are allowed to establish their business under various structures, including:
1) Sole Establishment
Perfect for sole proprietors, this company type allows individuals to run businesses under their own name, taking on full responsibility for their liabilities.
2) Branch of a Local Company
Local companies looking to expand their operations can establish branches in Ajman Mainland, allowing them to broaden their reach and enter new markets. Ajman offers cost-effective office spaces and industrial facilities for this purpose.
3) Limited Liability Company (LLC)
A favored option for entrepreneurs, LLCs provide limited liability protection to shareholders and offer flexibility in management and operations.
4) Branch of Foreign Company
Foreign companies seeking to establish a presence in Ajman Mainland can open a branch, allowing them to conduct business activities within the region.