The cost of establishing a company in Ajman Free Zone

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A company in Ajman Free Zone

At the beginning of the journey of setting up a company in the Ajman Free Zone, you should carefully examine all the legal and operational aspects of the process. Ajman Free Zone is located in an ideal strategic location, providing great opportunities for business growth and prosperity. Taking advantage of its strategic location and modern facilities, this area is an ideal home for SMEs and large corporations alike.

You must first choose the type of company that suits your needs, whether it is a sole proprietorship, a joint stock company, or a limited liability company. After that, you must apply for the necessary licenses from the competent authorities in the free zone, submitting all the required documents and inquiring about the fees involved.

Benefits of establishing a company in Ajman Free Zone

These are some of the benefits that can be achieved by companies that decide to establish in the Ajman Free Zone. These benefits are considered part of the UAE government’s strategy to attract foreign investments and strengthen the business sector in the emirate. These advantages are represented in the following points:

The investor gets 100% profit
Exempt from taxes and import duties
The project’s infrastructure is advanced and its costs are low
Gets a reduction in labor cost and tariffs
It has access to land, air and sea routes
It also gets lower cost business operations

Costs of establishing a company in the UAE

The costs of establishing a company in the United Arab Emirates are affected by several factors, including the type of company, geographical location, and the services it needs. However, the basic costs can be divided as follows:

Registration fees: Includes the costs of registering the company and submitting the necessary documents to the relevant government agencies.
License fees: related to obtaining the necessary licenses to practice commercial activity, and vary according to the type of activity and location.
Legal and consulting services costs: These can include legal, accounting and financial consulting costs to ensure compliance with local laws.
Real estate costs: If a company needs office or commercial space, rental costs and associated service fees must be provided.
Staff costs: include the costs of hiring employees, employees’ salaries, and their health and social insurance.
Marketing and advertising costs: to promote the company and attract customers.
Visa issuance fees and accommodation costs: If you need a visa to work or reside in the UAE.

Also, when establishing a company in the Emirates, you must benefit from the expertise of our specialists to enhance your business because Itqan Company has a work team that is well-versed in legal transactions and that they have experience in marketing, which will determine the extent of the company’s success or failure.

Costs of establishing a company in Dubai

The cost of establishing a company in Dubai first requires knowing the location on which the project is to be implemented and determining its area well and how much the project area costs because it is a fundamental reason for its success. Feasibility studies must be done and the budget for the project must be determined well as it must be taken into account when determining the salaries of employees working in the company. It must also be Choosing a suitable place where all services are available and taking it into account when determining the cost of establishing the company.

Establishing a company in the free zone is a goal and a great opportunity that many Arab and foreign countries and many investors around the world seek, as these areas are distinguished by having all the services and facilities necessary to establish a company. They also have buildings and roads paved to implement the project of establishing a company in the free zone. As for the cost of establishing a company in the free zones, it is not high, but it is very profitable due to the facilities in the procedures and places available in these areas.

Establishing a company in the free zone is considered one of the factors that helped in the rapid economic growth in the UAE. Also, the flexibility of the laws that regulate the establishment and management of businesses in the free zones was a reason for the development of the UAE’s economy, as the free zone is a separate entity and is not governed by the UAE labor law and there is no It has customs duties, which facilitates procedures for investors to establish projects there.

The cost of establishing a company in Ajman Free Zone

Cost of investing in Dubai

Investing in Dubai is one of the most positive choices for investors due to Dubai’s good locations and services for establishing projects, as a large number of investors compete to invest in Dubai, and it also has facilities for obtaining the necessary papers to establish projects.

Also, the trade and investment sector in Dubai has grown by a large percentage and does not impose taxes on the investor’s income. Dubai is also distinguished by its growth in the tourism sector, through tourists arriving from various countries, and this brings abundant profits to investors and is characterized by a high standard of living, which makes there great opportunities for store owners and commercial companies. Who wants to invest in Dubai?

There are some privileges that an investor gains in Dubai:

Any company can be established, whether industrial, commercial or service
He obtains a residence visa in Dubai and can also add 5 partners
It does not need a local partner and can own 100%
His company is completely exempt from taxes, and this is considered one of the very good advantages for investors
All of his profits and capital can also be transferred because Dubai law allows this
The investor can open an account in any local or international bank
He can buy and own real estate
Facilitating his procedures for traveling to the United States or Europe
As for the cost of investment in Dubai, it is determined according to the project’s location, area, and purpose.

The cost of establishing a company in the free zone

Establishing a company requires several steps taken by the investor, such as determining the type of activity to be carried out in the company, studying the market well and its needs to provide the best services to the consumer and also the customers who will be dealt with to achieve excellence and success, and then knowing the most important procedures and papers necessary to properly implement the company’s establishment. As for the cost of establishing the company, you need to study the market well and know the best sites that provide services to reach the best prices, according to the project’s location, area, and type of activity carried out on it.

Establishing a company in the free zone

Free zones are considered one of the best areas for investors to establish companies in, as these areas are characterized by ease of dealing with the procedures for obtaining approvals and permits for establishing a company in the free zone, as well as low costs. These areas are also distinguished for investors by obtaining the possibility of full ownership of the project without the assistance of a local sponsor, and also All solutions in the field of establishing a business.

Before starting to establish a project in the free zone, the following must be taken into account:
The legal form of the company to be established, whether it is (a company, a branch of a company, or an institution)
A suitable headquarters for the company must be chosen in the free zones
You must specify the company name
Carrying out all procedures to conduct the work properly, such as (license and initial approval)
Finally, all investors prefer to establish a company in the free zone, especially the Dubai region, because of its tax advantages.

In conclusion, the cost of establishing a company in the Ajman Free Zone in cooperation with Itqan Company is a necessary and vital investment for the success of your business in this rising emirate. This cost includes many factors to consider, such as registration and licensing fees, office rental costs, and legal and financial consulting fees.

Although this cost may seem like an additional financial burden, it is worth the investment given the significant benefits your company can achieve by being located in a free zone like Ajman. This opportunity helps you benefit from tax exemptions and easy access to regional and global markets, which contributes to significantly enhancing the growth and expansion of your business.

Frequently asked questions about the cost of establishing a company in the Ajman Free Zone

What are the costs associated with setting up a company in the Ajman Free Zone?

Costs vary depending on the type of company and free zone, and usually include registration fees, licensing fees, and administrative services fees.

Are there annual costs for the company in the Ajman Free Zone?

Yes, there are annual costs for the company in the Ajman Free Zone, including renewal costs and other administrative services fees.

What are the main steps to establish a company in Ajman Free Zone?

The steps include submitting a registration application, specifying the business activity, submitting the required documents, and signing the necessary agreements.