A Guide to Ajman Free Zone Company Setup

Ajman Free Zone is one of the most popular free zones in the United Arab Emirates (UAE) due to its strategic location and competitive business environment. If you are planning to start a business in Ajman Free Zone, it is essential to understand the cost involved in setting up a company. In this article, we will guide you through the cost involved in setting up a business in Ajman Free Zone.

Business Setup Cost

The cost of setting up a company in Ajman Free Zone depends on the type of business activity, the size of the company, and the duration of the license. The cost of setting up a company in Ajman Free Zone can be broadly classified into the following categories:

• License Fees: The license fee depends on the type of business activity and ranges from AED 6,000 to AED 15,000 per annum.

• Registration Fees: The registration fee is a one-time fee payable at the time of setting up the company and ranges from AED 1,000 to AED 2,000 depending on the type of business activity.

• Office Space: The cost of office space in Ajman Free Zone depends on the size and location of the office. The rent for a small office can range from AED 10,000 to AED 20,000 per annum, while the rent for a larger office can be up to AED 100,000 per annum.

• Visa Fees: The cost of visa fees varies depending on the type of visa and ranges from AED 2,500 to AED 4,500 per visa.

• Corporate Services: The cost of corporate services such as accounting, auditing, and legal services varies depending on the service provider.

Read also: https://yourtaxadvice.com/offers/mainland-company-formation-in-ajman/

Other Costs

Apart from the above-mentioned costs, there are other expenses involved in setting up a company in Ajman Free Zone. These include:

• Bank Account Opening Fees: The cost of opening a bank account in Ajman Free Zone varies depending on the bank and ranges from AED 2,000 to AED 5,000.

• Insurance: It is mandatory to have insurance for the employees in Ajman Free Zone. The cost of insurance depends on the number of employees and the type of coverage.

• Marketing and Advertising: The cost of marketing and advertising depends on the type and scope of the advertising campaign.

Conclusion

Setting up a company in Ajman Free Zone involves various costs such as license fees, registration fees, office space, visa fees, and corporate services. It is essential to consider these costs while planning to set up a business in Ajman Free Zone. Apart from these costs, there are other expenses involved, such as bank account opening fees, insurance, and marketing and advertising costs. It is recommended to consult with a professional business setup consultant to understand the cost involved and ensure a smooth business setup process.