All about Business Setup in Ajman Media City Free Zone

by commitbizadmin 30, Aug 2019

All about Business Setup in Ajman Media City Free Zone

Ajman Media City Free Zone is the latest free zone in the Emirate of Ajman and the United Arab Emirates. It is also the first free zone in Ajman dedicated to the media industry. It is situated in the Emirates of Ajman and is considered as a world-class hub of media and creativity. The free zone offers an experienced yet affordable platform to media companies and professionals looking for long-term growth opportunities in favorable business conditions.

The free zone has been formed as a vital part of Ajman Vision 2021, and toils as an absolute business centre belonging to creative, entertainment, and media industry.

Types of Corporate Structures in AMC Free Zone

To start any business in the free zone, you first have to choose a business entity. Ajman Media City FZ provides the following structures to the businesses.

  1. Free Zone Establishment (FZE) - This is a type of company formation in Ajman Media City Free Zone which is owned by a single shareholder.
  1. Free Zone Company (FZCo) – This is one of the most widely preferred business entity and can be formed by a minimum of two shareholders. The shareholder can be an individual or a company.
  1. Branch of a Foreign Company- If any company has already established its presence outside the UAE, and then they can set up a branch office in any of the free zones. They will get advantages from the country’s dynamic business environment with a compulsion of share capital.
  1. A subsidiary of a Foreign Company – This type of business entity allows an investor who is already having a company outside the UAE to open a subsidiary of his foreign company in the UAE.
  1. Branch of a UAE Company- This type of company formation in the UAE is ideal for organizations that already exist within the UAE, but want to expand by opening branch in the free zone.

Types of Licenses in Ajman Media City FZ

Licenses are provided depending upon the type of business activities. Mentioned below are the license packages available in the Ajman FZ.

1.Business Club

The package includes a shared workspace with the allocation of limited time per month assigned to the client. Companies formed in the business center will have a free zone status. These companies will not be eligible for a visa. The other offerings include;

  • Commercial activities- Up to five allied activities mainly for import and export
  • Service activities- Up to five allied activities primarily for service providers
  • A mix of commercial and service activities- As long as activities in both the categories are allied and grouped to a specific business type. For e.g.: It Consultancy, Software Design, Computer Hardware trading, Web Design etc

2.Bronze Package

This package includes a shared permanent office in the free zones state-of-art premises. The businesses incorporated will be eligible for one visa and will have a free zone status. The other offerings are the same as the Business Club.

3.Silver Package

Silver Package includes a shared permanent office and the companies formed in the SMART OFFICE PLUS will be eligible for two visas and will have a free zone status. The additional charges include VAT, Innovation fee, and Company Name Approval. The offerings are the same as Business and Bronze Package.

4.Silver Plus Package

Under this, the companies established in the SMART OFFICE PLUS will be eligible for shared permanent office with three visas and a free zone status. And the offerings are the same as above.

5.Gold Package

The free zone has been formed as a vital part of Ajman Vision 2021, and toils as an absolute business centre belonging to creative, entertainment, and media industry.

Procedure to Register your Ajman Media City FZ Company

Ajman free zone offers easy business setup. The steps to be completed are smooth and hassle-free. They are as follows-

  1. Select business activity for your business
  1. Select the package required according to your need(Business, Bronze, Silver, Silver Plus, or Gold)
  1. Fill an application form and submit all the required documents
  1. Wait for approval from AMC Free Zone Authority
  1. Once approved, you will be given a Certificate of Incorporation

Documents Required

  • Filled application form
  • Business plan
  • CV and passport copy of shareholders and/or owners
  • CV and passport copy of the manager
  • Two colour passport size photos with white background
  • A NOC from the sponsor, if it’s a UAE-based company

Advantages of Ajman Media City FZ

  • Wide choice of business packages with a shared office
  • No need for a physical presence in the UAE
  • The simple and smooth registration process
  • No NOC required
  • A license will be issued within a day
  • 100% foreign ownership
  • 100% repatriation of capital and profits

There are many such benefits of setting up a business in Ajman Media City Free Zone. If you want to avail these services, contact us today. We at Commitbiz can help you with all your required business setup services.