Required Documents
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Official letter from the company requesting to open a real estate development activity.
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Bank letter proving the company’s financial solvency of no less than AED 5 million, with the amount deposited in the investor’s account with a bank inside the UAE.
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Certificate of experience in the field of real estate development.
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Copy of the project plans.
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Certificate of good conduct for the parties concerned with the license and the title deed.
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For companies with 100% foreign ownership engaging in real estate development activity in the Emirate of Ajman, the following conditions apply:
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The legal form of the trade license must be either LLC or Sole Proprietorship, issued by the competent authority.
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The company’s capital must not be less than AED 10 million, documented in the Memorandum of Association or its amendment.
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Submission of a valid criminal status certificate (Good Conduct Certificate) for both the manager and the company, renewable annually.
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Submission of the initial design of the real estate project when applying for the foreign developer license.