Ajman Free Zone : Remove Partner

Name of the Organization : Ajman Free Zone
Type of Facility : Remove Partner
Location : Ajman
Country : United Arab Emirates
Website : https://www.afz.ae/

AFZ Remove Partner

To withdraw a partner of the license and change the license status form company to entity.

Related : Ajman Free Zone Change Partner : www.statusin.org/6173.html

Required Documents

** Letter from company (signed and stamped)
** Letter to point a manager (for F.Z.C only)
** Original License
** Chamber of Commerce Certificate + Commercial Registration
** New Partnership contract (for F.Z.C only)
** Old partnership contract
** Old Lease Agreement
** Security Guarantee (Original Passport Of the owner or cheque of Dh. 185000 which is $ 50,000
** Advertisement for 15 days

Fees

License Amendment Dh. 500
Advertising Dh. 500
Partnership(*) Dh.1000
Establishment card Modify Dh. 500

(*) Depend on the capital of the company

Note:
** All owners must be physically present while applying the above procedure.
** An authority letter must be submitted in case the owner/manager authorizes a person to sign/apply on his behalf in his absence.
** In the country: an authority letter attested from:
1. Any court in UAE.
** Out of county: an authority letter attested from:
1. UAE embassy in the foreign country.
2. Ministry of foreign affairs in the UAE.
** Partnership fee might be changed depend on the capital of the company.
** All the old copies of the partnership agreement must be submitted back to AFZA in case changing the legal status of the license.
** Police report must be submitted in case losing any copy or the whole copies of the old partnership agreement.
** Please note that the establishment card must be modified in case changing the legal status of the license.
** Please note that the advertisement security guarantee wont be given back to the owner until the clearance of any pending cased under the company.

Contact Us:
Phone: +971 6 7011555
Fax: +971 6 7429222

FAQs

What are Special Advantages Granted to New Investors in the Free Zone ?
The Ajman Free Zone offers tremendous opportunities and benefits to investors, allowing 100% foreign ownership free of all types of taxes, issues commercial licenses within 24 hours, and investors can work from their offices 24 hours a day without any complications or security measures

What are the Types of Companies that are Entitled to be Part of the Free Zone ?
All kinds of legitimate business operations are permitted in the Ajman Free Zone, the concern here is not the size of business, but the type of business activity to be established, business activities that are allowed include small and medium industries, business services sectors and all businesses are subject to the approval of the Ajman Free Zone

Does the Free Zone Offer Any Kind of Financial Support ?
The free zone does not offer any kind of financial support to investors however, investors and companies in the Ajman Free Zone are free to knock the door of other companies and financial institutions across the country concerning loans and financing projects

Is a Local Partner Required to Invest in the Free Zone ?
Having a local partner or a sponsor who is a UAE citizen is not a requirement, according to current policies and conditions, the investor is considered the exclusive owner of 100% of the business including freedom of residency on personal guaranty

What is the Minimum Capital Required to Start Working in the Business Sector in the Free Zone, And is it Required for a Local or a Foreign Company’s Branch ?
There is no minimum capital required if the investor wants to set up a branch for his/her company or institution whether local or foreign.

As for companies or new institutions that fall under the classification (F.Z.C-F.Z.C) or (F.Z.C-F.Z.E) minimum capital required is 50,000 US Dollars or 185,000 AED