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Ajman Media City Free Zone
A Comprehensive Guide to Business Setup (AMCFZ)
Ajman Media City Free Zone (AMCFZ) is a media hub in Ajman, UAE, established in 2018 to provide a world-class platform for media, entertainment, and technology businesses. It offers cost-effective license packages for new investors, a perfect deliverable list after free company registration, and almost ten documents for owners upon forming a free zone company. Silver Oak auditing and accounting can help set up businesses in the Ajman Media City Freezone with minimal cost and documentation.
The formation of Ajman Media City Free Zone Company offers several advantages.
- No NOC required
- 100% foreign ownership
- 100% import and export duty exemptions
- 100% repatriation on capital invested and profits gained
- No personal income tax
- Flexible visa options
- No corporate tax for up to 50 years
- The simple and quick registration process
- Access to a state-of-the-art infrastructure
- There is no need for a Physical presence in the UAE
- Your company license will be issued within 1 day
- wide choice of different business packages with shared office
How to Set Up a Business in Ajman Media City Free Zone
Setting up a business in AMCFZ is a relatively straightforward process. The following steps are involved:
- Choose a business activity: AMCFZ offers a wide range of business activities. Selecting an activity relevant to your business that is permitted within the free zone is essential.
- Choose a company structure: AMCFZ allows businesses to choose from various company structures, including limited liability companies (LLCs), free zone companies (FZCs), and branches of foreign companies.
- Choose a trading name: Your company’s name must be unique and not already used by another UAE company.
- Apply for a business license: Once you have chosen a business activity, company structure, and trading name, you can apply for a business license from AMCFZ. The application can be completed online or through a registered business setup consultant.
- Open a corporate bank account: All businesses in AMCFZ are required to open a corporate bank account in the UAE.
- Obtain visas: If required, you can obtain visas for yourself and your employees from AMCFZ.
AMCFZ License Package Details
Cost of Setting Up a Business in Ajman Media City Free Zone
The cost of setting up a business in AMCFZ will vary depending on your chosen business activity, the company structure, and the number of visas you require. However, AMCFZ offers a variety of packages to suit different budgets.
The following is a breakdown of the approximate costs involved in setting up a business in AMCFZ:
- Business license fee: AED 11,500
- Company registration fee: AED 1,500
- Office space rental: AED 10,000 (per year)
- Visa fees: AED 5,000 (per visa)
In addition to the above costs, you may also need to budget for other expenses, such as legal and accounting fees and the cost of furniture and equipment.
Packages Offered by Ajman Media City Free Zone
AMCFZ offers a variety of packages to suit different budgets and business needs. The following are some of the most popular packages:
- Business Club Package: AED 8,500
- Bronze Package: AED 11,500
- Silver Package: AED 14,500
- Silver Plus Package: AED 17,500
- Gold Package: AED 21,500
- Platinum Package: AED 25,500
The Business Club Package is AMCFZ’s most affordable package. It does not include visa eligibility, but it does provide a workspace in a business club. The other packages include benefits such as visa eligibility, office space rental, and meeting room usage.