Ajman Media City Free Zone Business Setup

Are you struggling to find the perfect spot for your business setup in Dubai? Ajman Media City Free Zone (AMCFZ) might be just what you need. Established in 2018, this free zone offers a great location near a seaport and is only a 40-minute drive from Dubai.

Discover the step-by-step process of Ajman Media City Free Zone business setup. Stay tuned for more details!

Key Takeaways

• Ajman Media City Free Zone offers 100% company ownership and keeps all profits and capital. This makes it easy for foreign investors to set up businesses.
  
• The free zone features modern offices with high-speed internet, great for startups. However, there are no warehouses or land leases available.
  
• Setting up a business in this professional business environment is quick, usually taking just 3 business days to get a trade license. This includes choosing a package, submitting forms, and paying fees.
  
• The location is strategic as it’s near a seaport and just 40 minutes from Dubai. It connects well to other GCC countries like Qatar and Saudi Arabia.
  
• Business owners need specific documents like passport copies and photos for setup. They must also meet visa requirements such as medical checkups and Emirates ID registration.
  

Advantages of Setting Up in Ajman Media City Freezone 

Ajman Media City Free Zone business setup offers many advantages. You can enjoy full ownership of your company, competitive costs , access modern infrastructure and a thriving media and creative ecosystem.

100% Company Ownership

Foreign investors can own 100% of their company in Ajman Media City Free Zone, providing complete control over their business in any sector.

You also get to keep all profits and capital. This rule makes it easier for many people from around the world to set up businesses here. 100% ownership means total freedom and full profit retention.

World-Class Infrastructure

Ajman Media City Free Zone offers state-of-the-art infrastructure. Businesses can access shared desks or small offices. These spaces are perfect for startups and small companies looking to grow. The zone does not offer warehouses or land for lease, making it ideal for media-related trading and consultancy firms.

The facilities come with high-speed internet and modern office equipment. This helps streamline daily operations. Companies can rely on a stable power supply as well as advanced security measures in the free zone area.

Strategic Location as a Digital Gateway

Ajman Media City Free Zone is close to a seaport. This makes shipping and logistics easy for businesses. Only 40 minutes away from Dubai, it connects you quickly to the big city.

The location acts as a digital gateway for your business activities. You can reach other GCC countries like Qatar, Saudi Arabia, Kuwait, Bahrain easily. This strategic spot also helps media and creative companies, as well as those in trading and consultancy services, thrive in the region.

Ajman Media City Free Zone Company Setup Process

Starting a business in Ajman Media City Free Zone is easy and quick. Follow these steps to establish your company without hassle.

AMCFZ Company Formation Steps

Ajman Media City Free Zone business setup is simple and quick. Follow these steps to start your business in the Ajman Media City Free Zone:

1. Choose Company Type
   
   • Decide the type of company you want to establish, whether it is a Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Local Company, or Branch of a Foreign Company.
     
2. Select Business Package
   
   • Pick the right package based on your needs, such as desk space or office space.
     
3. Submit Application Form
   
   • Fill out the application form with accurate details about your business.
     
4. Prepare Required Documents
   
   • Gather necessary documents like passport copies, business plan, and payment proof.
     
5. Pay Fees
   
   • Make payments using cash, credit card, debit card, or cheque.
     
6. Approval Process
   
   • The free zone authority reviews your application and documents.
     
7. Receive Trade License
   
   • Once approved, you will receive your trade license in 3 business days.
     
8. Open Bank Account
   
   • Use your trade license to open a bank account for business transactions.
     

Required Documents for Setup

Setting up a company in Ajman Media City Free Zone is simple. You need specific documents to start the process.

1. Passport Copy: Include a copy with the UAE entry stamp or resident visa.
   
2. Passport-sized Photo: Provide if applicable.
   
3. Contact Details: Ensure accurate phone number and e-mail address.
   
4. Application Form: Fill out the completed application form fully.
   
5. Owners’ Passport Photocopies: Include copies of all owner passports.
   
6. Proof of Share Capital: Show evidence of required share capital.
   

Some businesses may need extra documents depending on their type and activities.

Incorporation Timeline

The incorporation process in Ajman Media City Free Zone is fast and smooth. It usually takes just 3 business days to complete.

1. Submission of Application:
   
   • Fill out the application form for company registration.
     
   • Pay the initial setup fee.
     
2. Document Collection:
   
   • Gather all required documents such as passport copies and ID cards.
     
   • Include proof of residence and a no-objection certificate if needed.
     
3. Initial Approval:
   
   • Wait for the free zone authority to review your application.
     
   • You will receive an initial approval within 1-2 business days.
     
4. Business Plan Review:
   
   • Submit a simple business plan.
     
   • The authority will review it quickly.
     
5. Final Payment:
   
   • Pay the remaining fees for business packages and trade licenses.
     
6. Issuance of Trade License:
   
   • The authority issues your trade license once payments are confirmed.
     
7. Completion Notification:
   
   • Receive an official notification that your incorporation is complete.
     

This efficient timeline makes Ajman Media City Free Zone an attractive choice for setting up a new venture in the U.A.E.

Licensing and Legal Framework

Understanding the licensing and legal rules is vital for your Ajman Media City Free Zone business setup. Read more to learn about trade licenses, renewals, and other key processes.

Overview of Ajman City Trade License

Obtaining an Ajman City Trade License costs as low as AED 8,500*. This license allows 100% foreign ownership, making it easy for international investors. It supports various business types, including sole proprietorships and limited liability companies (LLCs). 

With this license, businesses can offer a wide range of services like media-related trading,  publishing, broadcast management, and consultancy. The trade license ensures a smooth registration process in the Ajman Free Zone. Amendments to the license cost between AED 500* and AED 2,000*. This flexible system helps meet changing business needs without high fees.

Renewal of Trade License

The license renewal cost in Ajman Media City Free Zone varies depending on the type of license incorporated, shareholding structure, office rent, etc. License renewal for Ajman Media City Free Zone can be done online. A registered agent handles the process. You need an authorization letter and must pay renewal fees, which match the initial registration costs.

The renewal fee remains the same as your first payment, making it a cost-effective solution. Remote renewals not only save time and effort but also offer a convenient and sustainable way to keep your business active. This UAE free zone offers a range of flexible options to streamline the process for entrepreneurs.

License Liquidation Procedures

Liquidating a business in Ajman Media City Free Zone is simple. First, submit a closure request to the authorities. This process involves paying a liquidation fee of 1,800* AED.

You must also clear any pending bills and close bank accounts. Return all issued visas and cancel work permits. Once done, submit proof to the free zone authority for verification.

Visa Services and Requirements

For business setup in Ajman Media City Free Zone, you need a resident visa. Business owners and new investors must meet specific visa requirements to operate legally.

Resident Visas

Business owners in Ajman Media City Free Zone can get resident visas. These visas are valid for two years. The E-channel deposit costs AED 5,000*. There is also an E-channel registration fee of AED 2,100*. Resident visas offer a secure way to stay and work in the UAE.

Having a resident visa allows you to live and do business legally within the United Arab Emirates (UAE). It also provides benefits like opening bank accounts and leasing property. This makes it easier for media-related trading or service/consultancy businesses to operate smoothly in the region.

Visa Requirements for Business Owners

Business owners looking for company formation in Ajman Media City Free Zone need a visa. This visa helps them stay and work legally in the UAE.

1. Visa Fees: The cost is AED 1,945* for both investor and employee visas.
   
2. Medical Checkup: A medical checkup is required. It costs AED 690*.
   
3. Emirates ID: You need an Emirates ID, which costs AED 390*.
   
4. Entry Permit: Obtain an entry permit before moving forward with the visa process.
   
5. Passport Copy: Submit a clear copy of your passport.
   
6. Photographs: Provide recent photographs as per UAE requirements.
   
7. Proof of Address: Give proof of your address within the UAE or outside.
   
8. Bank Statement: Show a recent bank statement to prove financial stability.
   

These steps ensure you meet the visa requirements in Ajman Media City Free Zone effectively and efficiently.

Note: All fees are for illustration purpose only and subject to change

Conclusion

Ajman Media City Free Zone business setup is easy and fast. To make it even smoother, you can leverage Xpert Advisory’s expertise, ensuring a seamless and efficient business setup in Ajman Media City Free Zone. You get full ownership and great support. The location near Dubai adds extra value. That makes it perfect for media companies looking to grow quickly.

FAQs

1. What is Ajman Media City Free Zone?

Ajman Media City Free Zone is a business hub in the UAE for media-related trading and services, providing facilities like employment visas and entry visas.

2. How can business setup consultants help me in Ajman Media City?

Business setup consultants assist with strategies for company formation, handling paperwork such as power of attorney, and ensuring compliance with UAE’s regulations.

3. Are there any benefits to setting up a business in Ajman compared to Sharjah or other GCC countries?

Yes, free zones like Ajman attract businesses by offering advantages such as easier access to employment visas and streamlined processes for media-related trading businesses, aiming to network with global markets.

4. Can I get an entry visa through Ajman Media City Free Zone?

Yes, you can obtain an entry visa which will allow you to start your operations within the free zone area quickly, fostering growth and development.

Disclaimer: All the information above is for reference only and should not be treated as legal advice.