The UAE offers 37 free zones for entrepreneurs to establish a business presence. One of the distinct advantages of presence in the UAE is the location which permits businesses to easily carry out transactions with other nations. Ajman free zone company setup offers businesses superior support in terms of infrastructure and various benefits that help an entity to flourish. Here is a look at some of the more popular advantages of establishing a business presence in the unbounded free zone of Ajman.
Outline of popular benefits
The top benefits that businesses get to enjoy when establishing a presence in the unbounded zone of Ajman are manifold. For instance, businesses get a complete exemption from corporate taxation, entrepreneurs receive the benefit of exemption from remitting the personal tax, and businesses get the advantage of foreign company ownership. Perhaps one of the biggest advantages for any business entity is the ability to repatriate capital and profits back to the investing nation. Additional e the strategic location permits the business to transact easily with other nations. The lower overheads and the speed with which the business can be set up are some of the other advantages of Ajman free zone business setup. The free zone entity formation and the low costs or involved in establishing business presence make it an appealing prospect. All businesses without exception receive the advantage of lesser restrictions in recruitment. The presence of different types of companies in the free zone helps businesses to take advantage of the diverse expertise of various businesses.
Ajman Free zone licenses
The free zone licenses available in Ajman free zone business setup include 4 different types of licenses. The licenses are valid for a period of one year, year and business entities need to renew the licenses before the expiry of one year. The four different types of licenses include commercial license, service license, industrial license, and educational license. Typical companies fall into one of four different categories. These four categories include free zone, established free zone company, a branch of local company and branch of the foreign company. Every category of the company requires a trade license, and acquiring a trade license requires different kinds of documentation.
Mandatory requirements necessary for fulfilling licensing obligations
Ajman Free zone business setup requirements include submission of different documents. On submission of documents, the concerned department generally e despatch is a request for more information or issues a preliminary approval. On receipt of the preliminary approval, the business makes the payment. It after the payment has been remitted, the trade license issued. This effectively means that the company has received approval for conducting business, and permits the business to process visa applications. The submission of documents includes the application form, a clear and unambiguous description of the intended project, copies of passport of the shareholders, bank statement, and registration letter. Certain documents need to be attested by the UAE embassy. This includes the letter that vouches for the reputation of the entity, company documents and the power of attorney,
