Ajman offshore cost: my experience

Table of contents:

• License Fees
• Registration Fees
• Office Space
• Visa Fees
• Corporate Services
• Bank Account Opening Fees
• Insurance
• Marketing and Advertising
• Conclusion

For instance, the license fee can range from AED 6,000 to AED 15,000 per annum depending on the business activity. Additionally, the registration fee can cost between AED 1,000 to AED 2,000 and the cost of renting office space can vary from AED 10,000 to AED 100,000 per annum.

Furthermore, there are additional costs involved, such as visa fees ranging from AED 2,500 to AED 4,500 per visa and corporate services that include accounting, auditing, and legal services, which can vary depending on the service provider.

Apart from these costs, there are other expenses to consider, such as bank account opening fees that can range from AED 2,000 to AED 5,000, mandatory insurance for employees, and marketing and advertising costs.

See also: https://yourtaxadvice.com/offers/company-formation-in-jebel-ali-free-zone-jafza/

License Fees

The license fee is a significant expense when it comes to setting up a company in Ajman Free Zone. The fee is determined based on the type of business activity and can range from AED 6,000 to AED 15,000 per annum. It is important to note that certain business activities may require additional approvals and certifications, which can result in higher license fees.

Registration Fees

The registration fee is a one-time fee 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.

Office Space

The cost of renting office space in Ajman Free Zone is dependent on several factors such as the size, location, and type of office required. For example, 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. Additionally, businesses may 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.

Visa Fees

Visa fees are a necessary expense when it comes to setting up a company in Ajman Free Zone. The cost of a visa depends on the type of visa required and can range from AED 2,500 to AED 4,500 per visa. This fee is payable annually and covers the cost of processing the visa application.

Corporate Services

Corporate services such as accounting, auditing, and legal services are essential for any business operating in Ajman Free Zone. The cost of these services varies depending on the service provider and the scope of work required. It is recommended to obtain multiple quotes from different service providers to compare costs and select the best option for your business needs.

Bank Account Opening Fees

Opening a bank account is a necessary step when setting up a business in Ajman Free Zone. The cost of opening a bank account varies depending on the bank and can range from AED 2,000 to AED 5,000. This fee covers the cost of processing the necessary paperwork and opening the account.

Insurance

All 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. It is recommended to obtain quotes from multiple insurance providers to compare costs and select the best option for your business needs.

Marketing and Advertising

Marketing and advertising are essential for any business to succeed in Ajman Free Zone. The cost of marketing and advertising depends on the type and scope of the campaign required. It is recommended to create a marketing budget and work with a professional marketing agency to ensure that your business receives maximum exposure at an affordable cost.

Conclusion

Setting up a business in Ajman Free Zone involves several costs that can vary significantly depending on various factors. Therefore, it is essential to consult with a professional business setup consultant to obtain accurate cost estimates and ensure a smooth business setup process.