Living In UAE

Set up your UAE business for Dh6,000 per year and get two visas

Ajman Free Zone’s Freelancer licence allows entrepreneurs to set up a company in the UAE

Published: September 28, 2020 19:07 Huda Tabrez, Living in UAE Editor

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Looking to set up your own business? You can establish a registered company in the UAE for as low as Dh6,000 in Ajman. — Starting your own business does not have to be an expensive exercise. Image Credit: Stock image

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Ajman Free Zone’s Freelancer licence allows entrepreneurs to kick-start their business idea — A freelancer licence allows you to set up a company within the free zone. Image Credit: Stock image

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Eng. Ali Abdulla Bin Towaih Al Suwaidi, Director General, Ajman Free Zone — Ajman Free Zone has seen a rise in demand for the freelance permit. Image Credit: Supplied

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AFZ offers a number of options for start-ups and these come with a number of incentives that enhance the ease of doing business — Image Credit: Stock image

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You also get a chance to meet other freelancers and explore opportunities together. — Along with the licence, entrepreneurs also get a supportive ecosystem to network and connect with other businesses. Image Credit: Stock image

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the licence allows the investor a quota of two visas. — You also get the chance to apply for two visas. Image Credit: Stock image

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The cost of each visa is Dh2,800, including the medical fitness test costs. — The visa can cover your workforce or your family members. Image Credit: Stock image

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The process for applying for a business licence in a free zone can be simpler as most of the procedures can be completed at the free zone. — Process for setting up the business. Image Credit: Stock image

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You need to submit your valid passport copy, one passport size photograph, a visa copy and a No-Objection Certificate (NOC) from current sponsor — Step 1: Submit the documents Image Credit: Stock image

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The payment can be made online, cash payment at the AFZ office, cheque, bank transfer — Step 2: Make the payment Image Credit: Stock image

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Freelance licence permit is valid for one year, visa is valid for three years. — The validity for the freelance licence and the visas differs. Image Credit: Stock image

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Easily set up a business banking account, networking options like a business hub, co-working spaces, meeting rooms and lounges. — Other benefits of the freelance permit by AFZ. Image Credit: Stock image

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You can also scale up as the free zone offers various business licences for bigger enterprises. — Image Credit: Stock image

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What is a free zone and what are the pros and cons of setting up a free zone business? — Free zone business - how is it different from a mainland company? Image Credit: Stock image

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Mainland businesses are regulated by the economic department of each emirate — In the UAE, you have the option to set up a company in the mainland or a free zone. Regulations surrounding the company can differ based on jurisdiction. Image Credit: Stock image

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while free zone companies have their business operations regulated by free zone authorities — Image Credit: Stock image

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A free zone is a special economic zone where companies can operate and receive considerable tax and fee exemptions — Free zones allow 100 per cent ownership of the company. Image Credit: Stock image

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Companies within free zones are treated as offshore companies and therefore do not need to engage with the customs authorities or Ministry of economy — You also have the option of long-term leasing plans. Image Credit: Stock image

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Dealing with companies outside the free zone can be done only through registered distributors. — Image Credit: Stock image

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