A Quarterly Newsletter from the UAE and Oman member firms of the PKF International Ltd.

VOL 13, Issue 2 April 2011

Free Zone Update

Ajman Free Zone – Smart Office Concept

The Ajman Free Zone have lately introduced the fully furnished and serviced Smart Offices with desk space ideal for small sized companies, emerging entrepreneurs and established companies that wish to establish their presence and operate without arduous overheads.

The new Smart Office will house business desks with facilities that will include meeting halls, boardrooms and availability of high speed internet access. Commercial Trading and Service Licenses are issued to interested investors.

The Smart office concept is that an office space would be sub-divided and shared by specified number of companies. However, the partitions are such that each office is enclosed and independent with privacy and have separate access.

The smart office allows a maximum of two shareholders and offers residence visas for either one shareholder and one employee or two shareholders visa. The validity of the visa is for three years.

The cost of setting up an entity with a Smart Office :

Facility & Services Fees (AED) Payment Method
Office Rent 14,800/- Annual
Licence – One Activity 3,900/- Annual
Office Maintenance 450/- Annual
Office Sign Board 200/- One Time
Sewage fees 600/- Annual
Attestation (in case of two shareholders) 1000/- One Time
Establishment Card 500/- Annual
Total 21,450/-
Annual Payment 20,250/-

Types of Licences offered with the Smart Office:
One Activity AED.3,900/-
Two Activities AED.5,200/-
Three Activities AED.6,500/-
General Trading AED.9,100/-
Professional Service AED.6,500/-

(This article has been contributed by Mr. S.D. Pereira, Partner and Ms. Christina Scurville, Free Zone Consultant)