Starting a business in the UAE? If you’re considering setting up in Ajman, you’ll need to follow the company registration in ajman requirements process and meet all the requirements. Ajman has become an attractive destination for entrepreneurs due to its strategic location, business-friendly environment, and lower costs compared to other Emirates. Here’s a comprehensive guide on everything you need to know about company registration in Ajman.
Company registration in Ajman requirements
Choose the Right Business Structure The first step is to identify the right legal form for your business. The options are:
- Sole Proprietorship: Best for small businesses with a single owner. No separate legal entity is created.
- Civil Company: Partnership between two or more partners who are jointly liable for the business.
- Limited Liability Company (LLC): Most popular structure for SMEs. Limits owner liability to their share capital.
- Public or Private Joint Stock Company: For large businesses looking to publicly trade shares. Requires higher capital.
- Branch or Representative Office: For foreign companies wanting to expand into the UAE.
See: Company formation and business setup in UAE
Register Your Business
Next, you’ll need to select a unique business name and register your company with the Ajman Department of Economic Development (DED). This can be done directly or through a licensing agent. The documents required include:
- Application form signed by the manager/owners
- True copy of valid passport/emirates ID of owners/partners
- No Objection Certificate from sponsor (for expats)
- Legalized lease agreement for office space
- Draft Memorandum of Association.
See: Small business setup in Ajman
Obtain Trade License and Finish Registration
The DED will review the application and issue a preliminary approval. You’ll then need to complete these next steps within 30 days:
- Obtain trade license from DED Ajman
- Register with the Ajman Chamber of Commerce
- Apply for establishment card from the Ministry of Human Resources & Emiratisation
- Open a bank account in the UAE
- Register for taxes
- Obtain any additional approvals related to your business activities
Maintain Compliance
Once you have the trade license, you can start doing business! But don’t forget about the ongoing compliance requirements – keep proper accounts, file taxes, renew licenses on time, and maintain all commercial registrations.
Setting up in Ajman offers numerous advantages like strategic location, lower costs, access to suppliers and clients across the UAE. But you need to follow the registration process thoroughly. We hope this guide gives you a clear overview of the company registration requirements in Ajman so you can establish your business smoothly. Let the Ajman DED know if you need any clarifications along the way. Here’s wishing you tremendous success with your UAE entrepreneurial journey!
