United Arab Emirates (UAE) has long been a magnet for entrepreneurs and businesses seeking tax-efficient environments and strategic geographical locations. While several free zones offer attractive incentives, some stand out as the most affordable options. In this article, we will explore the cheapest free zone license in UAE and the advantages it offers to businesses.
Ajman free zone:
Nestled in the emirate of Ajman, the Ajman Free Zone (AFZ) is renowned for its cost-effective business setup solutions. AFZ offers some of the most competitive pricing for free zone licenses in the UAE, making it an attractive choice for startups and small businesses.
License types and costs:
AFZ provides various license types, including trading, service, and e-commerce licenses, each with its associated costs. The base fee for a trading license, for instance, can be significantly lower than what you would find in other UAE free zones. These affordable license options allow businesses to choose the one that best suits their activities and budget.
Office space flexibility:
AFZ offers flexibility when it comes to office space requirements. Depending on your business needs, you can opt for a physical office, a flexi-desk arrangement, or even a virtual office. This flexibility can further reduce your operational costs.
Zero or low taxes:
One of the key attractions of AFZ is its tax-friendly environment. Many businesses operating within the free zone enjoy zero percent corporate and personal income taxes. For companies involved in certain activities, such as manufacturing, there may be a nominal tax rate, but it’s still considerably lower than in many other jurisdictions.
No import and export duties:
AFZ exempts businesses from import and export duties, allowing them to move goods in and out of the free zone without additional financial burdens. This can be particularly beneficial for companies engaged in trading activities.
Easy setup process:
Ajman Free Zone is known for its streamlined and straightforward business setup process. With a user-friendly interface and efficient government support, entrepreneurs can navigate the setup process with ease.
Access to skilled and semi-skilled labor:
Ajman and its neighboring emirates have a diverse pool of skilled and semi-skilled labor. This accessibility to a readily available workforce is a cost-saving advantage for businesses setting up in AFZ.