Ajman Media City Free Zone (AMCFZ) Ajman Media City Free Zone / AMCFZ is one of the latest free zones in the UAE. It is built with an aspiration of making a creative environment. The Ajman media city free zone targets the entrepreneurs who wish to set a benchmark in the media field. It provides world-class infrastructure for companies to sustain and grow. The AMCFZ is an investor-first free zone. Its company formation process is quick and hassle-free.
Benefits of setting up a business in AMCFZ Cost-effective Company Formation Options in Ajman Media City Free Zone
Ajman media city free zone is a new free zone amongst all. It has set a simple legal framework and provides cost-effective company formation options Ajman. Let’s have a look at all its benefits: • Inexpensive business solutions : Media city Ajman provides cost-effective solutions for getting started with your business. There are multiple business packages, and the one with the minimal price is around AED 8000.
• Business ownership : Unlike mainland company formation, you don’t need a local sponsor for setting up a business at Ajman Media City Free Zone. You can own the 100% ownership of the company. • Repatriation : There is no restriction put on repatriation of capital and profit, i.e., you can move 100% wealth as per your wish.
Benefits of setting up a business in AMCFZ • Taxation : Companies in AMCFZ get 100% exemption from paying corporate tax. Founders and employees don’t need to pay personal income tax. • License : You can undertake commercial and service activities in Ajman Media City Free Zone under the same license. The number of activities that your business can perform is not limited to a single activity. You can undertake multiple activities just by one license. You get the license in 24 hours after applying for it. • Digital Process : The complete company registration in Ajman media city free zone can be conducted through the online portal.
• Visas : You can get the visa just by easily applying for the establishment card. The Ajman media city free zone authority can make the visa available immediately if you pay the “urgent visa” charges.
AMCFZ License Packages Business Club Package • This package gives you allocated shared workspace for a limited number of hours per month (10 months). • Your company will have the status of a free zone company and will not be eligible for a visa. • With this package, you can have five commercial activities and five business activities, and you can even group them.
AMCFZ License Packages Bronze Package • This package allows one permanent shared office in state-of-the-art infrastructure. • With this package, you are eligible to get one visa. The company will have a free zone status. • In total, you can conduct ten business activities- five commercial and five service-based.
AMCFZ License Packages Silver Package • The only difference between the silver package and silver plus package is of cost and number of eligible visas. The package provides three visa permits.
• The number of permitted Free Zone activities is ten, where the max limit on commercial activities and service activities is five per license.
AMCFZ License Packages Gold Package • This is the best option if you are looking for a private office with a few employees to accommodate. • In Gold Package, you get an executive office in which you can get five visas per license. • The activity limit remains the same as it is for other packages; five for commercial activities and five for service activities.
AMCFZ License Packages SMI Package • SMI Package or Social Media Influencer is a special package introduced by the AMCFZ for bloggers and influencers. This package is for the people who promote brands and influence the buying decisions of people. Under the UAE regulations, influencers must have a formal company to conduct a promotion or related activities. • You will receive a certificate of social media influencer by the National Media Council of the UAE. You get no visa eligibility under this company, and thus, your physical presence is not required.
AMCFZ License Packages SMI Package • The whole company formation process is digital. All you need to do is fill the online application form with three company name options. After that, the free zone authority will prepare documents and sent them to you electronically. You just need to sign the documents and send them back to Media City Ajman. After the payment, the Free Zone license will be obtained, and AMC will prepare the documents. Then, they will be sent to you electronically.
Types of Companies in AMCFZ One-Owner Company (FZE)
Free Zone establishment doesn’t require you to have any shareholders, and you can have the 100% company ownership. Packages with no visa eligibility or one visa eligibility are good enough. You don’t even need to be physically present to run the company. Just by forming the company, you can have a market presence in the UAE.
Documents required: • Application form • Copy of passport of the owner • Color passport size photographs- two, with white background • Three company name options • Share capital up to AED 100,000
01
Types of Companies in AMCFZ Multiple Owner Company (FZC)
A free zone company can have multiple shareholders and investors. For this company, the packages with multiple visa options would be suitable. The FZC is a limited liability company, which means the liability of investors and stakeholders will remain limited to their share capital. This makes it favorable for many entrepreneurs as it doesn’t put their personal assets at risk. Documents Required: • Application form • Copy of passport of each partner • Color passport size photographs- two, with white background • Share capital up to AED 100,000 • Three company name options
02
Types of Companies in AMCFZ Branch of a Foreign Company (BFC) When you do not wish to conduct business activities in the UAE, but only wish to have a market presence, this legal structure is suitable. You can run the business from anywhere in the world and have a branch here as a representative office.
Documents Required: • Application form • Company incorporation certificate of the parent company • Memorandum of Association • Board resolution detailing the formation of the branch • Passport of the person who acts as the representative of the company • Two Colour photographs of the representative
03
Types of Companies in AMCFZ Branch of a Local Company (BLC) Companies already established in the UAE and need to open a branch in Ajman Media City Free Zone need to go for this option. Both mainland businesses and businesses present in the free zone are eligible for BLC legal structures.
Documents Required: • Application form • Passport copy of the branch representative or manager • Two-color photographs of the manager • The original license of the parent company established in the UAE • Original certificate issued by Chamber of Commerce • Original Commercial Registration • Board resolution detailing the formation of the branch
04
Visa Service Process • The applicant needs to apply for an establishment card • After obtaining the establishment card, one needs to apply for eChannel • After that, the application for entry permit is mandatory • On receiving the entry permit, one needs to pass the medical test and proceed for Emirate Identity Application. • On passport, there must be a stamp of residency permit.
Visa Service Visa Requirements • One needs to submit printed online application form having a barcode, signed and stamped by the concerned authority. • You need to visit Ajman Media City Free Zone typing section, where you have to get the immigration application form typed. The section is located in Visa and Residence Department. • Copy of Trade License • Establishment Card copy • Passport copy- two, with at least six months validity • Three passport size photographs • An education certificate is required, which should be attested by the UAE consulate of the owner’s country. After that, it should also be attested by the Ministry of Foreign Affairs in UAE.
Visa Service Fees Establishment card fees : You get two different options here. You can get choose to get an Establishment card for one year or two years of validity. By paying an additional fee, you can get the establishment card in a short span.
Resident Visa Stamping at Ajman Free Zone • Resident visa stamping (Owners / Partners) – Normal • Resident visa stamping (Owners / Partners) – Urgent • Resident visa stamping (Employees) – Normal • Resident visa stamping (Employees) – Urgent
Frequently Asked Questions What will be the address of the company I formed in Ajman Media City Free Zone? The company registered will be having a designated office as well as a building number present in Ajman Media City Free Zone.
Is it possible to change the activities later? Yes, you can change the activities later through the online portal.
Is it necessary to have a local sponsor for forming a company in Ajman Media City Free Zone? No, it is not necessary to have a local sponsor for forming a company in Ajman Media City Free Zone. You will have 100% ownership of the company.
Contact Us Form a Company in AMCFZ N R Doshi and Partners have previous experience of company formation in various free zones and also in the mainland. We will act as a trustworthy local agent who will take care of all your documentation requirements, company formation process, and getting permits. We strive to make sure that our clients get started with their company as soon as possible. You can contact us to know more about our company formation services in detail.
THANKS FOR WATCHING!!!