From my experience, the cost of setting up a business in Ajman Free Zone can be highly variable, and depends on a range of factors, such as the size and type of business, the duration of the license, and other costs such as marketing, advertising and employee insurance.
Published 2023-04-20, by ,
Table of contents:
When setting up a business in Ajman Free Zone, one of the most significant costs to consider is the license fee. This fee is determined based on the type of business activity and can range from AED 6,000 to AED 15,000 per annum. However, some business activities may require additional approvals and certifications, which can increase the overall cost of the license fee.
Another important cost to consider when setting up a business in Ajman Free Zone is the registration fee, which is payable at the time of setting up the company. The fee varies depending on the type of business activity and can range from AED 1,000 to AED 2,000. This fee is non-refundable and covers the cost of processing the necessary paperwork and issuing the license.
The cost of renting office space in Ajman Free Zone is also an important expense to consider. The cost can vary depending on the size, location, and type of office required. For instance, a small office can cost between AED 10,000 to AED 20,000 per annum, while a larger office can cost up to AED 100,000 per annum. Businesses may also have the option to rent flexi-desk space, which is a shared office space that can cost between AED 7,000 to AED 12,000 per annum (source: yourtaxadvice.com).
In addition to these costs, companies operating in Ajman Free Zone are required to have insurance coverage for their employees. The cost of insurance depends on the number of employees and the type of coverage required. Companies should also factor in other expenses, such as visa fees, corporate services, bank account opening fees, and marketing and advertising costs, which can all vary depending on the provider and scope of work required.
In conclusion, the cost of setting up a company in Ajman Free Zone can vary significantly depending on a range of factors. It is important to work with a professional business setup consultant to obtain accurate cost estimates and ensure a smooth business setup process. By considering all the necessary costs and working with experienced professionals, businesses can set up their operations in Ajman Free Zone with confidence.