Ajman Mainland Company Formation
Ajman is a coastal UAE Emirate that neighbors Umm Al Quwain and Sharjah. Ajman offers an unmatched road connectivity that makes it easily accessible from different parts of the UAE. It generates its GDP from fisheries, trade, and agriculture and further boasts of a robust industrial area, construction, and commercial activities that facilitate its development and economic growth. Ajman mainland company formation entails choosing a unique business name, defining the nature of business you intend to conduct, acquiring licensure, opening a corporate bank account and depositing the minimum capital requirement, and hiring human resources. Mainland companies in Ajman are setup as per the UAE government policies and legal structures. They assume different legal structures such as; branch office, representative office, professional firms, limited liability company, and public shareholding company.
Ajman Mainland Company Formation Process
The Ajman mainland company formation process entails submitting an application form at the municipality’s customer service center, follow up with the municipality to ensure that your preferred business location is inspected, obtaining required approvals from the municipality, obtaining trade name approval, acquisition of business registers and region membership certification, submitting acquired approvals and fee receipts to the ministry of trade and ensuring that all mainland company formation fees are settled before acquisition of business licensure. Note that, a trade name must define the nature of business activities that a company intends to undertake in the Ajman region. For a trade to be approved, it must; not violate UAE public morals, must end with the legal formation of the company such as LLC or EST, not resemble another registered trade name, not contain any religious or government authority logos or names.
Prerequisites and Conditions
Applying investor must be qualified and eligible to operate a business in the UAE region as per the trade licensure laws. The mainland company formation is setup in the commercial or industrial location that is approved by the Ajman municipality.
Copy of valid shareholders’ passports, leasing contracts, a drawing of the business location, proof that your trade name is reserved, and correctly filled personal information sheets belonging to shareholders and top company managers.
Obtaining Approval from Relevant Authorities
Apart from the Department of Economic Development, startup companies are required to obtain licensure from other government entities. For instance, companies conducting insurance activities must have approval form the Economy ministry, transport activities from the Interior ministry, legal consultation firms from the ministry of Justice, and firefighting equipment retailers from the Civil Defense ministry. Investors should visit our Indian offices for guidance on the required approvals from relevant government bodies.
The Ajman Emirate offers numerous natural features and aspects that position it as the most attractive investment hub that opens new world economy horizons and profitable investment opportunities. As such, it offers numerous company setup and operations benefits that appeal to Indian investors interested in establishing international brands. Our team is always ready to assist interested investors with information and the Ajman mainland company formation procedures.