02 Jul The cost of establishing a company in the Ajman Free Zone
The cost of establishing a company in the Ajman Free Zone
The cost of establishing a company in the Ajman Free Zone is one of the lowest investment costs. It is one of the advantages of the Ajman Free Zone, which offers tremendous advantages to investors and businessmen alike.
The city of Ajman is one of the smallest emirates in the United Arab Emirates, but its commercial status is great and attracts thousands of investments from different countries. So it is an ideal choice to invest in.
Talking about the cost of establishing a company in the Ajman Free Zone, in this example we will address several points on the subject in addition to how to establish a company in the Ajman Free Zone legally. We will also shed light on the most important advantages granted by the region to investors and businessmen and the types of commercial licenses in the Ajman Free Zone.
The cost of establishing a company in the Ajman Free Zone
Are you looking for the cost of setting up a company in Ajman Free Zone to prepare before you step into the procedures? It’s a good move. The cost of establishing a company in the Ajman Free Zone includes several costs and fees that are paid during legal procedures with government agencies in Ajman.
There are also some fees related to legal documents and papers, and fees for obtaining a commercial license in Ajman, according to the nature of the activity to practice the business legally.
Here is the cost of establishing a company in the Ajman Free Zone based on what was stated in the regulations in the Ajman Free Zone. As follows:
- The costs required when registering the trade name in the Ajman Free Zone, when establishing the company.
- The total annual cost of renting an office space to be the company’s headquarters in Ajman or the cost of purchasing a plot of land.
- The costs of preparing and equipping the internal work environment, including furnishing the office and equipping it with office equipment, supplies and decoration.
- Expenses of opening an account in a bank and depositing the minimum amount of capital therein.
- The costs of obtaining permits and visa fees for residency for expatriate employees to Ajman to work under the name of the company.
- The cost of issuing and obtaining a trade license in Ajman according to the economic activity of the company.
The cost of obtaining commercial licenses in the Ajman Free Zone
- The cost of setting up a company in Ajman for international business costs 1,500 AED.
- The costs of establishing an external company or institution in Ajman cost 1,500 AED.
- The costs for establishing a company or establishment for one commercial activity in Ajman cost 3900 AED.
- The cost of incorporating a company or establishment for two commercial activities in Ajman costs 5,200 AED.
- Establishing a foundation for three commercial activities in Ajman at a cost of AED 6,500.
- The costs of a general trading establishment in Ajman cost 9100 AED.
- The costs for an industrial establishment in Ajman are 9100 AED.
- A service company or establishment in Ajman costs 6,500 AED.
- An e-commerce company or establishment in Ajman that costs AED 10,000.
Types of commercial licenses in the Ajman Free Zone
The cost of establishing a company in the Ajman Free Zone includes the costs of the commercial license that companies obtain as well. Therefore, there is a need to know the types of commercial licenses that are allowed to work in the Ajman Free Zone, since we talked about the cost related to the commercial license in the previous title, Types of commercial licenses in Ajman Free Zone:
Commercial license: It is a license that can be used in the Ajman Free Zone for companies engaged in commercial activities in the Ajman Free Zone. As follows:
- Trade license for one business.
- Commercial license for two commercial activities.
- Commercial license for three commercial activities.
- General trading license.
E-commerce license: It is a license that can be used in the Ajman Free Zone for companies related to activities related to everything that is electronic commerce. This license also provides technical support and full marketing support for companies.
Service License: It is a license issued to companies wishing to operate and provide service activities in the Ajman Free Zone.
Industrial license: It is a license granted to industrial projects in the comfortable area of Ajman, in accordance with environmental standards and as required by industry policies. The free zone supports the owners of this type and provides warehouses and smart storage warehouses.
National Industry License: It is a specialized license for industrial activities companies in the comfortable area of Ajman, which meets the criteria stipulated as follows:
- All companies listed in the national GCC countries, The share of the partnership you own is 51% or more.
- Companies in which at least 40% of their manufacturing operations are carried out within the Ajman Free Zone.
Advantages of establishing companies in the Ajman Free Zone
Ajman Free Zone, despite its small size, serves global markets and investors and offers many advantages that you are ignorant of as one of the first choices for investment and the establishment of commercial and industrial activities in the United Arab Emirates.
Thousands of businesses of various sizes were established in the Ajman Free Zone and enjoyed many advantages, which contributed to reducing the cost of establishing a company in the Ajman Free Zone and increasing profits. Here are the advantages of establishing a business in Ajman as follows:
- The distinguished strategic location of Ajman city, close to the entrance to the Arabian Gulf, is suitable for companies to open up to international markets.
- Ajman city is close to Ajman Port, Sharjah International Airport and Dubai Airport.
- Ajman Free Zone serves the various international trade markets in the east and west.
- Ajman Free Zone exports goods to more than 65 countries and cities around the world.
- Comprehensive support services to answer inquiries and questions for customers and investors on a permanent basis.
- Ajman Free Zone is characterized by a developed infrastructure built on a global basis to serve companies at the highest level.
- The Ajman Free Zone government provides business packages that are flexible for investors and businessmen and suit various activities.
- It is possible to establish a company through the digital platform for the region, which helps to carry out all procedures easily and in various fields.
Procedures for establishing companies in the Ajman Free Zone
Establishing investment businesses in the Ajman Free Zone goes through a series of legal procedures with government agencies. As follows:
- To establish a commercial activity in the Ajman Free Zone, you must specify the type of activity in which the company will operate. The activities vary and include industrial, commercial and other activities.
- Choosing a trade name to establish a commercial activity in the Ajman Free Zone, which must express the nature of the activity that the company will carry out in Ajman in accordance with the conditions and standards.
- One of the conditions for establishing an activity in the Ajman Free Zone is to determine the appropriate legal form for the company in the Ajman Free Zone to work through.
- In order to complete the establishment of a commercial business in the Ajman Free Zone, the initial approval must be obtained from the competent authorities in the Ajman Free Zone.
- Choosing an office space to establish the business in the Ajman Free Zone to be a location for the company (rent or own) and to be certified by the relevant authorities.
- Some activities in the Ajman Free Zone need to obtain additional approvals in Ajman from the authorities concerned with the nature of the company’s activity.
- The last step in establishing a commercial activity in the Ajman Free Zone is to obtain the necessary trade license in order to work legally in the company and pay the fees for the trade license.
For more information, contact us through the numbers shown in front of you, and you will get the cost of establishing a company in the Ajman Free Zone.