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  • Free zone company formation in ajman

     

    Free Zone Company Formation in Ajman

    Free Zone Company Formation in Ajman

    Privacy Management Group offers a choice of two complete packages for company formation in Ajman Free Zone (Free Trade Zone). Packages include office premises, first annual rent, licence fees and complete documentation.

    Detailed Information on Freezone Companies in Ajman

    The Emirate of Ajman is the smallest of the seven emirates that make up the United Arab Emirates (UAE). Ajman is located directly on the Persian Gulf, approx. 20 kilometres from the metropolis of Dubai.

    Ajman has a total area of 259 square kilometres and is currently home to around 250,000 inhabitants. In contrast to the industrial location of Ras Al Khaimah, Ajman has scarcely any agriculture. Instead, it makes its money from tourism and trade.

    The capital city of Ajman is Ajman City. With a population of approx. 235,000, it is home to around 95% of the emirate’s overall population.

    In recent years, Ajman has experienced a massive building boom and considerable amounts of development. The capital city stretches for around 16 kilometres along the Gulf coast. Alongside tourism-oriented urbanisation and the expected resultant growth in tourism, Ajman is also making a priority of developing and modernising the Ajman Free Trade Zone.


    This page contains an overview of information about the location of Ajman. Alongside information about the potential uses and structure of a free zone company in Ajman, you’ll also find a detailed list of advantages and useful information on the jurisdiction of Ajman itself.

    Privacy Management Group offers English-speaking support and a professional service centre within the UAE. We are consistently on location and available to provide direct support. In addition, we are happy to provide remote assistance with your needs and inquiries at any time.

    The Ajman Free Zone

    Free Zone Ajman

    Ajman has the same status as the emirate of Ras Al Khaimah as a free trade zone. The Ajman free trade zone was established in 1998 and extended in 2006 to an industrial park.

    Through the proximity of the metropolis of Dubai, Ajman has access to two international airports and four ports. The port of Ajman is becoming one of the post important maritime centres in the world and is expanding on an international level.

    The Ajman free zone is currently being expanded, thanks to a multi-million investment plan, to a size where it will be able to accommodate up to 4,000 businesses.

    Thanks to the favourable positioning of the Ajman emirate, the Ajman free trade zone (free zone) also has an optimal position to serve both the east and the west.

    Companies in the free zone Ajman are recognised around the world, just like companies from the emirate of Ras Al Khaimah (RAK). Ajman is internationally recognised. A requirement for an Ajman free zone business is the establishment of office premises within the free zone. The lease is already included in the package fees.

    • Uncomplicated formation of company
    • Ajman free zone companies are tax free
    • Investor/resident visas can be applied for directly upon company incorporation
    • In the case of residency in the UAE, tax exemption for personal income also applies
    • Trade
    • E-commerce
    • Import and export incl. trade and commission agency business
    • Services
    • Consulting

    Advantages of a free zone company in Ajman:

    • 100% exemption from corporation tax
    • No income tax for those resident in the UAE
    • Repatriation of capital and profits
    • 100% of shares can be in foreign-owned
    • No trade barriers or quotas
    • Uncomplicated company formation, visa issue and licencing process
    • Simple guidelines for import and export
    • Very liberal labour laws
    • No limitations on the employment of foreigners
    • Issue of up to 5 investor visas for shareholders of a free zone company
    • Very reasonable salary structure
    • Low lease costs for offices, warehouses and production facilities
    • World-class infrastructure
    Austria
    Belarus
    Belgium
    Canada
    China
    Czech Republic
    Egypt
    Finland
    France
    Germany
    India
    Indonesia
    Italy
    Lebanon
    Malaysia
    Malta
    Morocco
    New Zealand
    Pakistan
    Poland
    Romania
    Singapore
    Sudan
    Thailand
    Tunisia
    Turkey
    Ukraine

    The structure of the Ajman Free Zone company

    The Ajman free zone company is especially suited to the following areas: International trade, import and export, E-commerce, international services, protection of liquid assets.

    FZC (at least 2 shareholders required); FZE (only one shareholder required), Branch (branch of an already existing company).
    The desired company name will be applied for individually and must be approved by the Ajman free zone authority.
    limited
    Various office packages are available, rental costs are already included in the formation fee.
    Wages are far below the European level. Part time administrative staff would expect a monthly wage of €150.
    Trade, industry, E-commerce,Service
    At least on individual person or legal entity is required, regardless of nationality.
    At least one individual person is required, regardless of nationality
    One individual required
    Approx. 14 working days
    No corporate taxation (in the case of personal domicile, no tax on personal income)

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.