The first half of 2021 appears to be optimistic for the environment of business setup in the UAE. Investors are flocking to the UAE to set up new businesses unperturbed by the economic headwinds such as the Covid-19 pandemic. Interestingly, the Ajman free zone is at the forefront, leading the UAE’s economic resilience. The free zone has recorded a 35% growth in the number of companies registered in H1 2021 compared to the same period in 2020.
A total of 867 new companies were registered in H1 2021 as opposed to 567 in the same period in 2020. The growth is a testament to foreign investors’ confidence in the business-friendly policies of Ajman Free Zone Authority. The Free Zone offers world-class facilities, a wide range of business activities and affordable packages to ease the process of company formation in the UAE.
Now, let’s check out some of the most appealing reasons why new investors are choosing Ajman Free Zone for setting up their businesses. Read on.
1. Ajman is a Strategic Location
Investors who plan to initiate the process of business set up in the UAE, first think about where they should incorporate their company. Ajman is the smallest emirate in the UAE and one of the most cost-effective ones too. Ajman free zone is strategically located at the entry point of the Arabian Gulf, which provides easy entry into the world’s most lucrative markets. By setting up a business in Ajman free zone, the companies can easily connect to other business hubs like Sharjah and Dubai.
2. The Free Zone Boasts of World-Class Facilities
Having state-of-the-art facilities is a top demand by investors while setting up a business in the UAE. Ajman free zone offers a wide range of office space and warehouse solutions tailor-made for the investors’ requirements. The free zone’s offerings include furnished office spaces, co-working spaces and Flexi desks that are ideal for a variety of businesses and freelancers. For industrial businesses, Ajman free zone offers pre-built warehouses, temporary leasing warehouses, labour accommodation and plots of land. Consult with business set up consultants in the UAE to choose the right facility for your business.
3. You can choose from a Wide Range of Licenses
Ajman Free Zone supports almost all kinds of business activities by offering a wide range of trade licenses. The availability of a large number of licenses provides flexibility for the investors to start a business in their desired activity. The free zone offers the following licenses,
- Commercial license
- Industrial / Manufacture license
- Services license
- Freelancer package
- E-commerce license
4. Special Focus on Sunrise Sectors
We have seen many businesses struggle during the COVID-19 pandemic and a handful of sectors emerging as sunrise sectors. Such sectors have shown good growth prospects in the wake of the pandemic in the UAE. Sunrise sectors have played a prominent role in the business growth witnessed by the Ajman Free Zone since last year. For instance, the free zone recorded an 84% growth in the new companies registered within the healthcare sector. The technology sector, another sunrise sector, registered 26% growth in H1 2021, compared to the same period last year. The free zone also offers robust facilities and support for other profitable sectors in the UAE such as e-commerce, education, food and beverages and freelancing. You can seek the help of the best business setup consultants in the UAE to leverage the growth prospects of the sunrise sectors.
5. Special Business Setup Package for Youngsters
The UAE government has always given special focus on supporting the business ambitions of young entrepreneurs. In line with this vision, Ajman free zone has designed a special business setup package for entrepreneurs in the age range of 20 to 30. Titled as ‘Pioneers Package’, it is ideal for under-graduates, postgraduates, young entrepreneurs and start-up companies. Flexible coworking spaces under the package will give you the freedom to pursue your business in a cost-efficient manner, and without the restrictions of long-term overheads. Members of this package are eligible for two residence visas and family sponsorship.
Setting up in Ajman Free Zone is now Easy with Jitendra Business Consultants
Choosing the right free zone to open a company is highly critical in the competitive landscape of business setup in the UAE. Ajman Free Zone offers the most cost-efficient business setup options for entrepreneurs. Jitendra Business Consultants (JBC) recommends the Ajman Free Zone company formation due to the strategic location, and the low-cost business setup process involved.
The highly qualified company formation specialists of JBC have helped thousands of clients launch their businesses in the UAE free zones including in the Ajman Free Zone. With the help of JBC business setup consultants, the process of establishing a business becomes a straightforward and quicker affair. JBC’s company formation consultants are well-versed in all the regulations and hence the investors can make their minds free of the complexities of the business setup process. JBC takes care of registration, documentation and all the legalities while the investors only need to think about enhancing their growth strategies.