The Ajman Free Zone (AFZ) is a popular destination for businesses of all sizes. It offers a number of benefits to businesses, including:
- Zero corporate tax: Businesses operating in the AFZ do not have to pay corporate tax.
- Low import and export duties: Businesses operating in the AFZ can import and export goods with low or no duties.
- Easy access to markets: The AFZ is located in close proximity to major markets, making it easy for businesses to reach their target customers.
- Business-friendly environment: The UAE has a business-friendly environment, with a strong legal system and a commitment to free trade.
The cost of establishing a company in the AFZ varies depending on the type of license you need and the services you require. However, in general, the cost is relatively low.
the costs involved in setting up a company in the AFZ:
- Registration fee: The registration fee for a company in the AFZ is AED 10,000.
- License fee: The license fee for a company in the AFZ varies depending on the type of license you need. However, in general, the license fee is between AED 10,000 and AED 50,000 per year.
- Visa fee: The visa fee for employees working in the AFZ varies depending on the nationality of the employee. However, in general, the visa fee is between AED 3,000 and AED 6,000 per year.
- Office space: The cost of office space in the AFZ varies depending on the location and size of the office. However, in general, office space in the AFZ costs between AED 15,000 and AED 20,000 per year.
In addition to these costs, there are a number of other costs that you may need to consider, such as:
Legal fees: You will need to hire a lawyer to help you with the registration process. The cost of legal fees will vary depending on the lawyer you hire.
Accounting fees: You will need to hire an accountant to help you with your financial records. The cost of accounting fees will vary depending on the accountant you hire.
Marketing fees: You will need to market your business to reach your target customers. The cost of marketing fees will vary depending on the marketing strategy you choose.
Overall, the cost of establishing a company in the AFZ is relatively low. However, there are a number of costs that you need to consider before making a decision. If you are considering setting up a company in the AFZ, you should contact a qualified advisor to get more information about the costs involved.
tips for setting up a company in the Ajman Free Zone:
Do your research: Before you start the process of setting up a company, it is important to do your research and understand the requirements. The Ajman Free Zone Authority website has a wealth of information on the process.
Hire a lawyer: It is advisable to hire a lawyer to help you with the registration process. A lawyer can help you ensure that all the necessary paperwork is completed correctly and that you are aware of all the requirements. M.A Middle East Legal Consultancy can help you with the registration process and provide you with legal advice on all aspects of doing business in the UAE.
Be prepared to provide documentation: The Ajman Free Zone Authority will require you to provide a number of documents, including:
- A copy of your passport
- A copy of your visa
- A copy of your company’s Memorandum and Articles of Association
- A copy of your company’s bank statement
If you have any questions or if you want to establish your company in Ajman Free Zone, write to us now on WhatsApp. M.A Middle East Legal Consultancy is always willing to help you and provide consulting to you.