The cost of setting up a company in the UAE is something that has several steps to follow legally to enjoy the positives provided by the UAE government, during the following article a guide to know the cost of establishing a company in the Ajman Free Zone and the advantages of that free zone.
How much does it cost to set up a company in Ajman Free Zone?
Setting up a company in Ajman Free Zone is one of the most lucrative business options one can choose in the UAE, the cost of setting up a company in Ajman Free Zone is the first question that comes to investors' mind.
Where Ajman has exemplary, investor-friendly policies that are constructive for business development Setting up a company in Ajman Free Zone is undoubtedly the best decision one can make. You can proceed with the establishment of a commercial company with the full support of the authority, the expatriate can own 100% in the commercial entity in the free zone, along with exclusive tax exemptions and other benefits and to know the cost of setting up a company in the Ajman Free Zone follow these steps each step has a different cost:
Termination of the formulation of business activities:
You can select your industry and the activities you intend to promote.
You can create almost all legal businesses in the jurisdiction without any difficulty.
Once you've finished the type of business and formulated it, you'll have a clear idea of it.
Trade Name Registration:
Although it is a simple step, the trade name must be in accordance with the policies established then, the authority will only approve the use of the name of the business, the name you choose must not already be used by any other organization in the field, and it must not imply a religious or political orientation, if you are using your name for the business, only the extended version of the name is allowed, and choosing a trade name is among the basics of the cost of setting up a company in the Ajman Free Zone. A trade name is different from a trademark registration.
Applying for a Business License:
You are entitled to form only four types of entities in Ajman Free Zone Free Zone Company, Free Zone Corporation, Branch of a Foreign Company and Branch of an Emirati Company.
The application process may have slight differences depending on the type of company you plan to establish, submit in the required format, along with all the documents, to obtain a commercial license The free zone authority will review the documents and issue licenses in a timely manner, the documents and certificates must be thoroughly examined before submitting them to avoid any kind of discrepancies.
Open a corporate bank account:
There are a large number of banks to choose from, you can choose local or international banks, due to the importance of that step is mainly calculated when answering the question of what is the cost of setting up a company in the Ajman Free Zone.
Obtaining a visa:
The number of visas authorized depends on the size of your company, there are other criteria as well, once you have obtained a work permit, you can apply for visas and hire employees accordingly which is one of the most important things that goes into the cost of setting up a company in the Ajman Free Zone.
Before you think about the cost of incorporation, you should familiarize yourself with the law of the region to be able to legally incorporate your company, so here is an overview of the law of the free zone.
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