Q: How much does it cost to form a limited company?

A: Company Formation will cost starting from $3500 to anything between $ 10,000 and it could be more than $10,000 depending upon your requirements.

Q: What will be the legal status of my company after registration?

A: The most common type of company in the UAE is a Free zone company limited by the shares.

-FZE(Free Zone Establishment)

-FZC(Free Zone Company)

-Ltd(Limited Company)

-LLC(Limited Liability Company )

Q: What is the difference between FZE & FZC?

A: Companies registered under sole ownership/ one shareholder are entitled to Free Zone Establishment (FZE) while a company has more than 1 shareholder is known as Free Zone Company (FZC). However, this is the basic difference between FZE & FZC you may contact me to know more about it.

Q: Who can be a company director/Shareholder/Manager of the company

A: An individual who is aged 21 and above can become a shareholder of the company

Q: How long does it take to get a company registered?

A: 1 working day

Q: What all documents will I be getting if I register my company in Ajman Free Zone?

A: Trade License, Chamber of Commerce Certificate, Lease Agreement, Articles of association(FZC)

Q: What are the articles of association?

A: The Articles of Association is a document that contains the purpose of the company as well as the duties and responsibilities of its members defined and recorded clearly. It is an important document which needs to be filed with the Registrar of Companies.

You will probably be asked for this document when you open a bank account for your company. These are written in a way that is designed to enable your company to carry out any business activity and to minimize the administrative requirements of the company.

Q: What is a Trade License?

A: The Trade License is the legal physical evidence issued to confirm that the respective license issuing authority has incorporated your company name and states the date of incorporation and the license number, shareholder details, Manager details and validity of the license.

Q: Can I choose any name for my company?

A: Yes, subject to availability. Briefly, the restrictions are that:

– you cannot register the same name as another company;

– the use of certain words is restricted; and

– names likely to cause offense are not allowed.

Q: Which are the most commonly used banks for Free Zone Companies in the UAE?

A: CBI Bank, ADIB Bank, Bank of Baroda, RAK Bank, Emirates NBD Bank, Noor Bank, Mashreq Bank, and FAB Bank.

Q: In order to have a company in UAE, is it mandatory to reside in UAE?

A: No, 100% foreign ownership is allowed in the Free Zone companies.