Ajman Media City Free Zone: A Comprehensive Guide to Business Setup
Ajman Media City Free Zone (AMCFZ) is a dedicated media and creativity hub in the Emirate of Ajman, United Arab Emirates. It was established in 2018 to provide a world-class platform for businesses in the media, entertainment, and technology sectors. AMCFZ offers a wide range of benefits to its members, including:
- 100% foreign ownership
- No personal income tax
- No corporate tax for up to 50 years
- 100% import and export duty exemptions
- Flexible visa options
- Access to a state-of-the-art infrastructure
AMCFZ is also strategically located in the heart of the Middle East, giving businesses easy access to regional and international markets.
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 that businesses can choose from. It is important to select an activity that is relevant to your business and that is permitted within the free zone.
- Choose a company structure: AMCFZ allows businesses to choose from a variety of company structures, including limited liability companies (LLCs), free zone companies (FZCs), and branches of foreign companies.
- Choose a trading name: The trading name of your company must be unique and must not be already in use by another company in the UAE.
- 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 process 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.
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 the type of business activity you choose, the company structure you select, 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, as well as 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 the most affordable package offered by AMCFZ. It does not include any visa eligibility, but it does provide a workspace in a business club. The other packages include a variety of benefits such as visa eligibility, office space rental, and meeting room usage.