The United Arab Emirates has always attached greater importance to promoting young entrepreneurs through various programs and strategies to help young people establish a company in the emirates. In line with this vision, some of the free zones in the UAE have designed special business packages to facilitate the company formation process for young entrepreneurs. Often young people with an entrepreneurial mindset would have difficulty getting started after graduation. The business packages offered by the free zones are of immense benefit to these young entrepreneurs. Ajman Free Zone and RAKEZ Free Zone are the most prominent among them for offering specialized licenses for the youth. Ajman Free Zone offers a pioneer license for graduates, while RAKEZ offers the Mubader package. Each package aims to empower youngsters with an innovative idea and comes with a profitable business setup procedure. However, the assistance of reputed company formation specialists in the UAE is recommended to overcome the challenges startups face in opening a company in Dubai, United Arab Emirates.
The Ajman Free Zone Pioneer Package
Ajman Free Zone authority Pioneer Business License Package is designed for entrepreneurs aged 18-30. The main objective of the pioneer package is to empower young people and give them professional independence. Therefore, the package is ideal for
- graduates
- postgraduates
- young entrepreneurs
- Startup companies
Due to the cost-effective setup procedures, the Pioneer package has recently witnessed an increase in demand. The Ajman Free Zone Authority has reported a 6-fold increase in the issuance of the Pioneer License in the 6 months to April 2020.
Why is the Ajman Free Zone ideal for young entrepreneurs?
Ajman Free Zone is ideal for young entrepreneurs because it emphasizes supporting startups and small businesses. The Free Zone has become a refuge for new companies due to its competitive prices and modern infrastructure.
Founded in 1988, Ajman Free Zone has contributed to developing industries, trade, and financial businesses in the UAE. The Free Zone is strategically located at the entry point of the Arabian Gulf and provides access to the East and West commercial markets. The easy business connectivity with other business hubs like Dubai and Sharjah is a great boon for businessmen. The international free zone authority dubai in is many more companies from various industries.
By establishing a business in the Ajman Free Zone, entrepreneurs can easily access Ajman port, Dubai, and Sharjah airports. Free Zone offers value-added services, including banking, medical and insurance services for all businesses. Entrepreneurs can enjoy 100% ownership with a fully digitized business setup process in Ajman Free Zone. Although
List of main activities in Ajman Free Zone
Young entrepreneurs should carefully study the business activities allowed in the Ajman Free Zone before applying for the Pioneer Business License Package. Approaching the formation consultants of reputed companies in the United Arab Emirates would make the process easier for entrepreneurs. The following are the main activities allowed in the Ajman Free Zone.
- management consultancies
- General trade import and export
- electronic commerce
- Import and export trade of gold and diamonds
- real estate consultancy
- Food and drinks
- air cargo services
- Health care
- Education
- Retail sale
- Advanced technology (Artificial Intelligence, 3D Printing, Nanotechnology, etc.
Also Read: What Startups Need to Know Before Starting a Business in the United Arab Emirates
RAKEZ Free Zone Mubader Package for Young Entrepreneurs
The Mubader package offered by Ras Al Khaimah Economic Zone (RAKEZ) aims to help recent graduates and senior students achieve their dreams by setting up a business in the Free Zone. The Mubader package provides young entrepreneurs with a license, a workspace, and support services. The cost of starting a company with the Mubader package starts from AED 650 per month with a business license and access to world-class co-working spaces. Young entrepreneurs can start a business with
- Commercial license
- educational license
- e-commerce license
- media license
- service license
Why is the RAKEZ Mubader package ideal for young entrepreneurs?
RAKEZ is a globally recognized free zone located in Ras Al Khaimah, the northern emirate of the United Arab Emirates. Due to its reputation, strategic location, and profitable business establishment procedures, RAKEZ has become a favorite destination for entrepreneurs worldwide. Companies from more than 100 countries have established their companies in the RAKEZ free zone. RAKEZ is home to more than 14,500 companies from a wide variety of industries and is one of the main contributors to the economic growth of Ras Al Khaimah. Apart from these, the following are some of the benefits that young entrepreneurs can avail of through the Mubader Package when setting up a company on RAKEZ:
- Cost-effectiveness
- One location for all requirements
- 1 and 3-year packages
- Access to modern, shared workspaces
- Network and exchange ideas with other entrepreneurs
- Installment plan options to establish the business
- Eligibility for a UAE residence visa
Seek help from experienced business startup consultants in the United Arab Emirates
Young entrepreneurs will find it difficult to start a business in the United Arab Emirates as the challenges involved in the process are many. Only a few free zones offer specially designed packages for young entrepreneurs. The business setup packages offered by the RAKEZ and Ajman Free Zones are a commendable effort to empower youth. However, young entrepreneurs need career guidance more than anyone else while starting a business in the UAE-free zones. To choose the right free zones, the right licenses, and the most suitable activities, you need the help of a reputed business setup consultant like Jitendra Business Consultants (JBC).
JBC has helped thousands of clients, including young entrepreneurs, to set up a business in the UAE’s free zones. JBC’s highly qualified company formation specialists will assist entrepreneurs at every stage of the business establishment procedure, from registration to incorporation. JBC helps young entrepreneurs achieve their dreams by successfully incorporating their businesses in the United Arab Emirates without hassle.
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