Company Setup
Ajman Media City Free Zone (AMCFZ) Company Formation
Ajman Media City Free Zone (AMCFZ) is a free economic zone established by the government of Ajman, one of the seven emirates of the United Arab Emirates (UAE). The Ajman Media free zone was created to attract businesses in the media, advertising, and creative industries, providing a wide range of services to support their growth and development.
Ajman Media City Free Zone offers a range of company formation options, including limited liability companies (LLCs), sole proprietorships, and branches of foreign companies. Companies registered in AMCFZ can benefit from 100% ownership, 100% repatriation of capital and profits, no corporate or personal income tax subject to fulfilment of conditions, and no currency restrictions.
Ajman Media City Free Zone provides several services and facilities for companies, including office space, virtual offices, and co-working spaces, in addition to assistance with visas, permits, and other administrative tasks. The free zone also offers specialized services for media and creative companies, including production studios, editing suites, and broadcast facilities.
AMC Free Zone has a strategic location in the UAE, with easy access to major transportation hubs and a large consumer market. It is situated near Ajman International Airport, and is close to both Sharjah and Dubai, making it an ideal location for businesses looking to establish a presence in the UAE and the wider Middle East region.
License offered in Ajman Media City
Ajman Media City Free Zone (AMCFZ) offers various types of licenses for businesses in the media, advertising, and creative industries. These licenses include:
- Trading license
- Service license
- Industrial license
- Freelance permit
- E-commerce license
- Event management license
- Publishing and printing license
- Advertising license
- Broadcasting license
Ajman Media City Free Zone Company Formation process
- Determine your business activity.
- Choose your company type.
- Submit your application.
- Obtain initial approval.
- Lease office space.
- Finalize company registration.
- Obtain visas and permits.
It is important to note that the specific requirements and procedures for starting a business in Ajman Media City Free Zone may vary depending on the type of company and the business activity. It is recommended that you consult with a business setup consultant or a legal advisor to ensure that you follow all necessary steps and comply with all applicable regulations.
The required documents for a Company formation in Ajman Media City Free Zone
To set up a company in Ajman Media City Free Zone (AMCFZ), the following documents are typically required:
- Application form
- Business plan
- Passport copies
- Proof of address
- Other documents depends on the type of business
Advantages of company Formation in Ajman Media City Free Zone
There are several advantages of setting up a company in Ajman Media City Free Zone (AMCFZ), including:
- 100% foreign ownership
- Tax incentives
- Repatriation of profits
- Fast company setup process
- Wide range of business activities
- Low operating costs
- Strategic location
- Business-friendly environment
Frequently Asked Questions
Ajman Media City Free Zone offers numerous advantages, including competitive costs, 100% foreign ownership, a strategic location, and a thriving media and creative ecosystem.
You can set up various types of companies, including Free Zone Limited Liability Companies (FZ-LLC), Free Zone Establishments (FZE), and Branches of Foreign Companies, focusing on media, creative, and related industries.
No, Ajman Media City Free Zone allows 100% foreign ownership, eliminating the need for a local sponsor or partner.
While Ajman Media City Free Zone caters primarily to media and creative industries, it offers a wide range of business activities within these sectors. Check with the free zone authorities for specific activity approvals.
Individuals will be subject to Corporation Tax only if they are engaged in a business or business activity in the UAE, either directly or through an unincorporated partnership or sole proprietorship.
Yes, you can open a corporate bank account in the UAE with various banks, making it convenient for conducting business transactions.
Businesses in Ajman Media City Free Zone enjoy full exemption from corporate and personal income taxes, along with zero customs duties on imports and exports.
The timeline for company formation in Ajman Media City Free Zone usually ranges from a few weeks to a few months, depending on the specific requirements and approvals.
Yes, you can engage in international business activities from your Ajman Media City Free Zone company. Additional licenses or entities may be required for specific international operations.
The costs vary based on factors such as company type and office space requirements. You can request a customized cost estimate tailored to your specific business needs.