Ajman is a small state in the United Arab Emirates, set on the Persian (Arabian) Gulf northeast of Dubai. The emirate is known for its beaches and historical sites. It consists primarily of the city of Ajman, with high-rise buildings and palm trees lining the white-sand beaches of its coast. The paved path of the Corniche runs along much of the waterfront, and is home to souks, malls and restaurants.
Select the business type in Ajman
The first step in this process is selecting the type of business/commercial activity that you want to do. This will help you identify the options regarding the legal form of the company and the parties associated with that activity. Business types are mainly categorised into:
Mainland Business Setup Process
In mainland business setup process, if you want to setup your company in the UAE mainland, you will need to appoint a UAE national as a local sponsor for your business. However,the local sponsor or sleeping partner will make an agreement that he will not have any involvement in the company operations or profit sharing of the company setup in UAE mainland.
For a professional License, the investor can have 100% ownership, but a local service agent is still required. Thus for a professional company, the local service agent has no active part in the company business management, operations or profit sharing. Instead, they will act as figurehead representative, while drafting legal agreements and establishing other business documentation required in UAE.
Requirements for Mainland Business Setup
A verified office address from UAE Municipality is required when setting up business in UAE. The requirement of office space for mainland business setup in UAE , can be varied based on the type of license the investor is looking for and it is investor’s responsibility to ensure a valid tenancy contract for an office is available at the time of applying for the license of UAE mainland company.
There are 6 main steps involved in UAE mainland company setup. However, there are some activities which Mainland setup require special approval from some specific Government departments. The main 6 steps involved for company formation in mainland are: