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Thursday 04th 2008f December 2008 03:21:25 AM
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BUSINESS IN AJMAN

Procedures of Establishing Businesses in Ajman

- Conditions and Requirements
- How to establish a commercial, industrial or professional business in Ajman Free Zone
- Defining Companies

Conditions and Requirements:

  • Licensee must be eligible and qualified according to the law pertaining to trading licenses.
  • Dear investor, you should apply to the municipality to obtain the necessary application forms and make sure you complete all that is required for the business or the license. the place of business is to be setup in an industrial or commercial location that enjoy the municipality approval. payment of the applicable fees
  • some activities require on approval from some official authorities according to the federal laws as pjer the following list:

Documents Required for Approval:

  • Passport Photocopy.
  • Leasing contract or copy of the location Ownership
  • Schematic Drawing for the business location

Official Authorities

License Type

Ministry of Education

Private Schools, Kindergartens, Educational Institutions, Gymnasiums

Ministry of Justice, Islamic Affairs & Awqaf

Organizing Hajj and Omrah Campaigns, Quran Recital Centers , Law Firms

Ministry of Agriculture & Fisheries

Plant Nurseries, Farms, Cattle & Bird Trading

Seeds & Fertilizers Trading

Ministry of Finance & Industry

All Industrial Licenses

Ministry of Health

Hospitals, Private Clinics & Practices, Medical Laboratories, Pharmacies

Ministry of Economy

Accounts Auditing, Foreign, Companies Branches

Ministry of Information & Culture

Advertising & Publicity Offices,

Drawing & Scripting

Organizing Events & Shows, Computer Trading, Digital TV & Cable Services

Central Bank

Banks, Money Exchange & Transfer, Financial Consultancies

Procedures:

  • Submitting the application form at the Customer Services Center in the municipality for initial approval
  • Following up with the Inspection Unit in the municipality to inspect the business location in real terms
  • Obtaining the approval of the specialized departments inside the municipality if applicable
  • Check with the office of AJCC in the municipality in order to obtain the approval for the trade name and issuing a business register and a membership certificate
  • In case of establishing a new company, attested copy of the establishment contract must be attached along with all the necessary approvals in addition to recipts from the Ministry of trade as acceptance into the register of the companies.
  • After all fees are paid, the application is submitted to the Customer Services Center in order to get the receipt.
  • Receiving of the license is on the following day

For further information, please contact the following address:

Ajamn Municipality
Tel: 7422331
Fax: 7422230
P.O.Box: 3 Ajman
E-mail: ajmanmum@am.gov.ae.

How to establish a commercial, industrial or professional business in Ajman Free Zone

Dear Investor, you should head to the Investor service Center in Ajman Free Zone to fill out an application form pertaining to the business your are planning to establish and submit it along with the following documents:

  • Passport copy with a passport size photo.
  • Pay the applicable fees then submit the application to the person in charge at the Investor Services Center
  • The trade license will be finalized during the same day.
  • Regarding the industrial projects, please follow the same former steps in addition to the feasibility study of the project.
  • The application will be finalized and delivered within two days
  • The procedures of the passports is under the responsibility of the free zone ( Investor Service Center )

For further information, please contact the following address:

Free Zone
Tel: 7425444
Fax: 7429222
P.O.Box: 923 Ajman
Website:www.ajmanfreezone.gov.ae


Information Needed .... Defining Companies

(Joint Liability Company , Partnership, and limited liability)  

First: Joint Liability Company

Main Particulars

  • To be constituted from two partners and more
  • All partners shall be from the national of the United Arab Emirates
  • The Partners shall be liable in their own funds and properties in regard to the company\s liabilities and no agreement shall be applied otherwise
  • The bankruptcy of the company shall lead to the bankruptcy of all the partners

 

Secondly: Simple commanding Companies

Main particulars

  • The company may be constituted from two partners or more
  • partners are in two categories
  • joint Liability Company category forms from nationals who shall be jointly liable in all their funds and properties for the Company’s liability
  • category of one partner or partners in partnership companies shall only be liable within the limit of their shares in the capital.
  • All partners in the partnership companies shall be national from the United Arab Emirates and their share in the company’s capital shall not be less than 51%

 

Thirdly: Limited Liability Company

Main Particulars

  • The capital of this Company shall not be less than Dhs.150.000/- divided into equal negotiable shares and any amount of the same shall not be less than Dirhams One Thousand
  • The partners shall be liable for the company’s liability other than in proportion to their shares in the capital
  • The UAE nationals share shall not be less than 51% of the total shares

 

Fourthly: Services Agent

Main Particulars

  • The national should be belong to Emirates of Ajman (holding a Passport issued through the Emirates of Ajman )
  • The owner of license (non-national) shall be liable to meet shall liabilities pertaining the establishment towards the others
  • The national shall not meet any liabilities arising in the name of the establishment or due to the conduct of the owner of the license
  • For commercial license the license shall be one person while for the professional licenses he may share with other person (s) as Work Company

This system includes many activities

For further information, please contact the following address:

Ajman Chamber of Commerce & Industry
Tel: 7422177
Fax: 74272591
E-mail: info@ajcci.gov.ae
Website: www.ajcci.gov.ae

 

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