If you want to establish a business presence in the UAE, Ajman Free Zone License offers several benefits. This license offers 100% ownership, tax exemptions, and affordable setup costs, making it an attractive option for entrepreneurs and small businesses. In this article, we’ll explore these benefits in more detail, helping you make an informed decision about your business’s future in the UAE.
100% Ownership
One of the most important benefits of obtaining an Ajman Free Zone License is the ability to have full control and ownership of your business. Unlike in other parts of the UAE, where foreign investors are required to have a local partner or sponsor, the Ajman Free Zone allows entrepreneurs to have 100% ownership of their company.
Tax Exemptions
Businesses operating under the Ajman Free Zone License enjoy tax exemptions, making it an attractive option for entrepreneurs and investors. The license exempts businesses from corporate and personal income taxes for up to 50 years.
This advantage allows companies to allocate their resources toward growth and development, leading to increased profitability in the long run. Businesses can also realize significant savings by avoiding taxes, which can be reinvested in the business.
The tax exemption policy emphasizes Ajman Free Zone’s commitment to creating a business-friendly environment where companies can thrive and succeed.
Affordable Setup Costs
The Ajman Free Zone provides an affordable option for entrepreneurs and businesses looking to set up in the UAE. The costs for setting up a business in the Ajman Free Zone are highly competitive compared to other free zones in the country. The streamlined process and low initial investment requirements make it easier for individuals to establish businesses and start operations quickly.
Moreover, the pricing structure is transparent, with a range of license packages available to suit different business requirements. The Ajman Free Zone Authority offers a business-friendly environment by providing startups and SMEs with cost-effective solutions to launch their businesses.”
What is the Cost of Setting Up a Business in the Ajman Free Zone?
The cost varies depending on the license type and company size. The pricing structure is transparent, with a range of license packages available to suit different business needs.
License Packages
The Ajman Free Zone Authority offers various license packages, including commercial, service, and industrial licenses. The commercial license enables businesses to engage in trading activities, while the service license is suitable for companies providing services. The industrial license is for businesses involved in manufacturing and production activities. Each license type has different requirements and fees, ranging from AED 6,370 for a service license to AED 11,670 for an industrial license.
Initial Investment
The initial investment required to set up a business in the Ajman Free Zone also depends on the license type and business activity. However, the minimum capital requirement is AED 185,000 for a Free Zone Establishment (FZE) and AED 370,000 for a Free Zone Company (FZCO).
Overall, the Ajman Free Zone provides a cost-effective option for entrepreneurs and small businesses looking to establish a presence in the UAE. With affordable setup costs and competitive licensing fees, it offers lucrative opportunities for businesses in various industries. It is advisable to contact the Ajman Free Zone Authority directly for the most accurate and up-to-date information on the costs involved.
Read also about Ajman Free Zone Business Opportunities and Advantages.
Conclusion
Obtaining an Ajman Free Zone License offers numerous benefits to businesses looking to establish themselves in the UAE. The ability to own 100% of the company provides greater flexibility and control for entrepreneurs, while the tax exemptions make it a very cost-effective option. The affordable setup costs and streamlined processes make it easier for individuals to establish businesses and start operations quickly.
The Ajman Free Zone Authority offers a range of license packages to suit different business needs, with transparent pricing and a business-friendly environment. With its strategic location and access to world-class infrastructure, the Ajman Free Zone is an attractive option for companies across various industries.
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