The Ajman investor visa enables a foreign investor to live and work in the United Arab Emirates. This visa also allows them to set up their business inside the free zone and start their operations. You will need to complete all the requirements set by the authorities if you want the Ajman investor visa.
Ajman Free Zone is one of the best places to set up your business due to its supportive policies for entrepreneurs and investors. It has impressive highways that connect it to the rest of the country, a low cost of living, and educational capabilities. If you get a residency visa in the Ajman Free Zone, you will enjoy a peaceful living environment and a supportive business community that helps with your business’s growth.
How to Get an Ajman Investor Visa?
Starting a company in the Ajman Free Zone is simple and takes less than a day to complete. However, it can be challenging for new investors and entrepreneurs. Let us look at the main steps involved in getting an Ajman visa.
Choose the Business Activity
To get an Ajman investor visa, you must decide on the type of business activity. The free zone of Ajman offers multiple business activities, including providing services, manufacturing products, consulting, and trading. A person should know the kind of business. Always try to select a company that matches your expertise and reaches the profit targets that you have set.
Company Registration
You will also register your company in the Ajman free zone after you have finalized your company’s business activities. You will follow the following steps about registering your business:
- Once you have established what business activities you will be undertaking and have the final approval from the government, you will be mandated to register your company in the Ajman free zone. The following procedures you can undertake to ensure that your business is registered are as follows:
- The sender should send a copy of the passport along with a copy of financial projections and business plans to apply to the Ajman Free Zone Authority.
- Define at least one name company and have two alternatives or backup names if the name gets rejected for registration. The name should not be derogatory to any particular individual, religion, or culture. An attempt should be made to use full names rather than abbreviations while using a name.
- Obtain the necessary clearances from AFZA and pay the initial fees.
- You would require the signing of documents like the Memorandum of Association and lease agreement at your office and warehouse.
Obtain a Business License
After completing the company formation process, you must apply for a business license. The type of license you need will depend on the business activity you choose. Some of the most common business licenses in the Ajman Free Zone are,
- Trading licenses are needed for businesses primarily involved in buying and selling goods.
- Service license for companies that often provide services related to their specific field, which may include consulting, IT, marketing, etc.
- Industrial licenses are needed for manufacturing goods and other industrial activities.
- E-commerce license for online businesses.
Minimum Capital Requirement
The Ajman Free Zone authority does not set minimum capital requirements for setting up business there. However, an entrepreneur needs the funds to set up a proper office and run initial operations.
Office Space
Leasing an office or warehouse space within the free zone is an important part of company formation. The size and location of your workspace will depend on your business requirements and the type of license you are obtaining.
Ajman Investor Visa Application
Here is the list of documents you will need to submit for an Ajman investor visa. ALL APPLICANTS MUST PRODUCE THE FOLLOWING DOCUMENTS.
- A photocopy of a passport valid for at least six months
- Passport-size pictures.
- Completed application form.
- A copy of the company’s incorporation documents.
- A document narrating a business plan.
- Your bank statement for the last six months.
- An agreement on leasing for the office or warehouse space is needed.
Medical Fitness Test
After submitting all the documents, it is your turn to undergo a medical fitness test. Get it done from an authorized medical center in the United Arab Emirates. The medical fitness test basically includes the following: blood test, X-ray, and normal health checkup. All of these tests are done to determine whether you have a disease or are fully fit.
Emirates ID Registration
Once you have done the medical test, an Emirates ID must be obtained. Emirates ID is a legal document that must have any citizen of the UAE. To apply for an Emirates ID, you must visit any of the smuggling centres and submit all required documents besides your passport copy, a copy of your VISA application and a picture taken by passport size..
Visa Stamping
After you get your Emirates ID, you will get a visa stamp on your passport, which is further pursued by visiting the General Directorate of Residency and Foreigners Affairs in Ajman. You will have to apply all relevant documents, pay fees for this process of visa stamping, and provide your biometric details that involve scanning of fingerprints.
Ajman Golden Visa
A golden visa for Ajman can be described as a 10-year resident visa that is appealing to investors, entrepreneurs, professionals, high-net-worth persons, students, and frontline workers from various parts of the globe who wish to live in Ajman and establish businesses there.
It promotes investments to bring in new ideas in this region and, in a significant way, help such industries as health care, tourism, information technology, and real estate flourish.
Consequently, Ajman is seeking to obtain the resources and potential investors from every corner of the World encouraging them to come and conduct business as well as settle down in Ajman.
Ajman Golden Visa Requirements
The following documents are required if you are applying for an Ajman Golden Visa.
- Your passport has at least 6-month validity.
- Emirates ID (If you have any).
- A copy of the UAE residency (If applicable) is required.
- Proper proof of your investments is needed, like a property agreement or a bank statement.
- Proof of income or salary (If applicable).
- Educational Certificates.
- A proof of your expertise in a specialized field.
- A Marriage certificate is required if you are applying with your family.
- Proper health insurance is mandatory.
Benefits of Ajman Golden Visa
The AJMAN Golden Visa, among other provisions, has the following:
Therefore, it is called the golden visa, simply a long-term residency visa for up to 10 years.
- It will be a visa with no travel restrictions for travelling outside or within the UAE while maintaining residence in the UAE.
- The golden visa will enable you to sponsor children, dependable siblings, and parents.
- You are also eligible to sponsor household help.
- You can get a driver’s license and open a bank account quickly.
- Living in an environment with no income or inheritance tax gives you a tax advantage, which can lead to a huge financial benefit.
- An Ajman Golden Visa will allow you to make profitable real estate investments with high rental returns.
Ajman Employment Visa
Employment visa Ajman often attracts the imagination of people working, and to work here, an employment visa must be sought. The employment visa is issued only when a job letter is received from an established company in Ajman. Your offer letter must require approvals from several government authorities.
Following are the documents that are required
- A passport with almost 6 months of validity.
- Passport-size photos.
- Attested educational and professional certificates.
- A fitness certificate from an approved medical centre in the United Arab Emirates.
- MoHRE approved the job offer and employment contract.
Ajman Employment Visa Cost
The cost of an Ajman Employment Visa can vary depending on the company’s classification, its area, and many other factors. The cost of a free zone visa is a bit different from the cost of a mainland visa. The visa fee in the free zone is around AED 300 + medical and Emirates ID fees. On the other hand, the mainland will charge around AED 7000. These prices may change or vary depending on the policy-making of authorities.
Final Words
It is a great idea to start a business and merge it with Ajman’s growing economy. Obtaining an Ajman investor or employment visa may be complicated for the first time. That is where Al-Riyady steps in and helps you go through these complicated processes. So what are you waiting for? Contact Al-Riyady now and turn your dreams into reality. We can help you get a UAE Golden Visa, Corporate Tax, PRO Services Dubai and more.
