United Arab Emirates (UAE) has emerged as a leading destination for entrepreneurs and investors seeking to establish a business in the Middle East. UAE offers several business options, including free zones, which provide attractive benefits such as tax exemptions, 100% foreign ownership, and streamlined processes. However, the cost of setting up a business in a free zone can vary significantly based on the location. This article will explore the cheapest free zone in the UAE. Click this site to know the benefits of obtaining Ajman free zone license.
What is a Free Zone?
A free zone is a designated area where businesses can operate under relaxed rules and regulations to attract foreign investment. Free zones in the UAE provide an excellent opportunity for entrepreneurs to set up a business with minimal bureaucracy and access to state-of-the-art infrastructure. In addition, companies that establish themselves in a free zone can enjoy various incentives, such as tax exemptions, 100% foreign ownership, and no currency restrictions.
The cheapest Free Zone in the UAE:
Ajman Free Zone is considered the cheapest among the many free zones in the UAE. Located in the Emirate of Ajman, the free zone offers attractive rates for business setup, with license fees starting from AED 6,800 and a range of office options to suit different budgets. Ajman Free Zone’s cost of living and office rentals are significantly lower than other free zones in Dubai or Abu Dhabi, making it an excellent choice for startups and small businesses.
Benefits of Ajman Free Zone:
Ajman Free Zone provides a range of benefits to businesses that choose to establish themselves in the zone. The free zone’s strategic location between Dubai and Sharjah makes it a convenient option for businesses accessing both Emirates. Moreover, businesses in Ajman Free Zone can enjoy a streamlined setup process, with licenses issued within 24 hours and access to state-of-the-art infrastructure, including modern offices, warehouses, and storage facilities. Additionally, businesses in the zone can benefit from 100% foreign ownership and tax exemptions on corporate and personal income.
Other affordable Free Zones in the UAE:
While Ajman Free Zone is the cheapest option for setting up a business in the UAE, other free zones offer competitive rates. Ras Al Khaimah Economic Zone (RAKEZ) is another popular choice for entrepreneurs and investors looking for affordable business setup options. The free zone offers a range of incentives, including tax exemptions, 100% foreign ownership, and a low-cost living and business environment.