Business Setup Consultants
Business Setup in Ajman
Ajman is the smallest emirate of the country in terms of area, yet it is the fourth most populous. Approximately 95 per cent of the population of the emirate resides in the city of Ajman.
Ajman, UAE
Business Setup in Ajman
Ajman Port and Ajman Free Zone are significant contributors to Ajman’s economy. The free zone’s companies make up approximately 20 percent of the UAE’s overall industrial units, with some 256 industrial companies operating from the zone.
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Ajman has multiple nearby international airports and major seaports, which make the import and export trade easy. It also has excellent road links to nearby emirates and is only half an hour away from Dubai.
Ajman Company Formation
Entrepreneurs have three jurisdictions to select from when it comes to incorporating a business in Ajman.
Ajman Free Zone
This is one of the most cost-effective free zones and is popular among small to mid-size entrepreneurs across the UAE. The free zone offers specific packages for freelancers and businesses engaged in e-commerce.
Ajman Media City
This is the first free zone in Ajman established for the entertainment, creative and media sector. The free zone is modelled on other successful media free zones such as Dubai Media City and twofour54. Ajman Media City aspires to attract small to mid-size businesses with highly competitive packages.
Ajman Local LIcense
Starting a Business in Ajman DED
The Abu Dhabi Department of Economic Development (AD DED) issues all local business licenses for areas that are not covered by free zones. Historically, local licenses required local citizens to be majority shareholders. However, the UAE has modernized its laws recently to grant expat owners full ownership of a business in most sectors.
History Goes Back to 1810
History of Ajman
Ajman’s human history can be traced back to around 3000 BC following excavations at archaeological sites in the region. Its modern history goes back to 1810 when the Al Nuaim tribe created a permanent settlement by the coast. The core local industry was based on fishing and pearling, along with local trade with its neighbours.
First Emirates in UAE to offer 100% freehold
The Economy of Ajman
Ajman’s modern economy is dominated by manufacturing, construction, real estate, transport, storage, and communications.
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Ajman was one of the first emirates in the UAE to offer a 100 per cent freehold to international investors in 2004. This led to significant investments in the real estate sector. Both residential and commercial properties have attracted interest due to the emirate’s proximity to Sharjah and Dubai.Â