The UAE has always attached greater importance to foster young entrepreneurs through various programs and strategies that are aimed at helping the youngsters set up a business in the emirates. In line with this vision, some of the free zones in the UAE have designed special business packages to make the company formation process easier for young entrepreneurs. Often the youngsters with an entrepreneurial mindset would be struggling to get started after they graduate. The business packages offered by the free zones are of immense benefit to such young entrepreneurs. Ajman Free Zone and RAKEZ Free Zone are the most prominent among them to offer specialized licenses for the youngsters. The Ajman Free Zone offers a Pioneer License for graduates while the RAKEZ offers the Mubader Package. Each of the packages is aimed at empowering the youngsters with an innovative idea and comes with a cost-efficient business set-up procedure. However, the assistance of reputed company formation specialists in the UAE is recommended for overcoming the challenges faced by startups in setting up a business in Dubai, UAE.
The Pioneer Package by Ajman Free Zone
Ajman Free Zone’s Pioneer business license package is designed for those entrepreneurs between 18 and 30 years of age. The main objective of the pioneer package is to empower the youth and provide them with professional independence. Therefore, the package is ideal for
- Young entrepreneurs
- Start-up companies
Due to the cost-effective setup procedures, the Pioneer Package has witnessed a surge in demand recently. The Ajman Free Zone Authority has reported a 6-fold surge in the issuance of the Pioneer License in the 6 months prior to April 2020.
Why the Ajman Free Zone is Ideal for Young Entrepreneurs?
The Ajman Free Zone is ideal for young entrepreneurs because of its emphasis on supporting startups and small businesses. The Free Zone has become a haven for startups due to its competitive pricing and modern infrastructure.
Founded in 1988, the Ajman Free Zone has contributed to developing the 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 Eastern and Western trade markets. Easy business connectivity with other commercial centres like Dubai and Sharjah is a major blessing for entrepreneurs. The free zone houses around 8,000 companies from a variety of industries.
By setting up a business in the Ajman Free Zone, the entrepreneurs can easily access the Ajman Port and Airports in Dubai and Sharjah. The Free Zone offers value-added services including f banking, medical, and insurance for all types of businesses. The entrepreneurs can enjoy 100% ownership with a fully digitized business set-up process in the Ajman Free Zone. Even though the
List of Major Activities in Ajman Free Zone
The young entrepreneurs need to carefully study the list of business activities permitted in the Ajman Free Zone before applying for the Pioneer Business License Package. Approaching the reputed company formation consultants in the UAE would make the process easier for the entrepreneurs. The following are the major activities allowed in the Ajman Free Zone.
- Management Consultancies
- General Trading Import & Export
- Gold and Diamond trading Import & Export
- Real Estate Consultancy
- Food and Beverage
- Air Cargo Services
- Advanced Technology (Artificial Intelligence, 3D Printing, Nanotechnology, etc.
Mubader Package by RAKEZ Free Zone for Young Entrepreneurs
The Mubader Package offered by Ras Al Khaimah Economic Zone (RAKEZ) is aimed at helping fresh graduates and final year students to achieve their dreams by setting up a business in the Free Zone. The Mubader Package provides young entrepreneurs with a license, workspace, and support services. The cost of forming 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 set up a business with
- Commercial license
- Educational License
- E-commerce license
- Media License
- Service License
Why the RAKEZ Mubader Package is Ideal for Young Entrepreneurs?
RAKEZ is a globally recognized free zone located in Ras Al Khaimah, which is the northern emirate of UAE. Due to its reputation, strategic location, and cost-effective business setup procedures, RAKEZ has become a favourite destination for entrepreneurs from across the world. Businesses from more than 100 countries have established their companies in the RAKEZ free zone. RAKEZ hosts more than 14,500 companies from a wide variety of industries and is a top contributor to Ras Al Khaimah’s economic growth. Apart from these, the following are some of the benefits that young entrepreneurs can avail themselves through the Mubader Package by setting up a business in RAKEZ:
- Single location for all requirements
- 1 and 3-year packages
- Access to modern, shared workspaces
- Network and exchange ideas with other entrepreneurs
- Installment plan options for setting up the business
- Eligibility for a UAE Residence Visa
Seek Help From Experienced Business Setup Consultants in the UAE
Young entrepreneurs will find it a tough task to start a business in the UAE as the challenges involved in the process are many. There are only a few free zones that offer specially designed packages for young entrepreneurs as of now. The business set-up packages offered by both RAKEZ and Ajman Free Zones are a commendable effort in empowering the youth. However, the young entrepreneurs need professional guidance more than any others while forming a company in the UAE free zones. Choosing the right free zones, the right licenses, and the most appropriate activities need the assistance of a reputed business set up consultant like Jitendra Business Consultants (JBC).
JBC has helped thousands of clients, including young entrepreneurs, set up a business in the UAE free zones. JBC’s highly qualified company formation specialists will assist the entrepreneurs in every stage of the business setup procedure right from registration to incorporation. JBC helps young entrepreneurs achieve their dreams by successfully incorporating their business in the UAE without any hassle.