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Ajman Media City Free Zone (AMCFZ): All you need to know

Ajman Media City Free Zone / AMCFZ provides a low cost license option and our Business Setup Consultants help you setup a business in UAE.

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Ajman Media City Free Zone (AMCFZ): All you need to know

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  1. Ajman Media City Free Zone (AMCFZ) Ajman Media City Free Zone (AMCFZ) Ajman Ajman Media built with an aspiration of making a creative environment. Media City City Free Zone / AMCFZ is one of the latest free zones in the UAE. It is 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 sustainand grow. The AMCFZ is an investor-first free zone. Its company formation process is quick andhassle-free.

  2. Benefits of setting up a business in AMCFZ Benefits of setting up a business in AMCFZ Cost Cost- -effective effectiveCompany CompanyFormation FormationOptions Optionsin in Ajman AjmanMedia MediaCity CityFree FreeZone 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 allits benefits: Inexpensive Inexpensive business There are multiplebusiness packages, andthe one with the minimal price is around AED 8000. business solutions solutions : Media city Ajman provides cost-effective solutions for getting started with your business. • Business Business ownership ownership : Unlike mainland company formation, you don’t need a local sponsor for setting up a business at Ajman Media CityFree Zone. Youcan own the 100% ownership of the company. • Repatriation Repatriation : There is no restriction put on repatriation of capital and profit, i.e., you can move 100% wealth as per your wish. •

  3. Benefits of Benefits of s setting ettingup a business in up a business in AMCFZ AMCFZ Taxation : Companies in AMCFZ get 100% exemption from paying corporate tax. Founders and employees don’t need to paypersonal income tax. • License 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. Youget the license in 24 hours after applyingfor it. • Digital Digital Process Process : The complete company registration in Ajman media city free zone can be conducted through the online portal. • Visas 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 availableimmediately if you paythe “urgent visa” charges. •

  4. AMCFZ AMCFZLicense Packages License Packages Business BusinessClub Club Package Package Thispackage givesyou allocated sharedworkspace for a limited number of hours per month (10months). • Your company will have the statusof a free zone company and will not be eligible for a visa. • With thispackage, you can havefive commercial activities and five business activities, andyou can even group them. •

  5. AMCFZ AMCFZ License Packages License Packages Bronze BronzePackage Package Thispackage allowsone permanent sharedoffice in state-of-the-art infrastructure. • With thispackage, you are eligible to get one visa. Thecompany will have a free zonestatus. • In total, you can conduct ten business activities- five commercial and five service-based. •

  6. AMCFZ License Packages AMCFZ License Packages Silver SilverPackage Package The only difference between the silver package and silver plus package is of cost and number of eligible visas. The package providesthree visapermits. • The number of permitted Free Zone activities is ten, where the max limit on commercial activities and service activities is five per license. •

  7. AMCFZ License Packages AMCFZ License Packages Gold GoldPackage Package Thisis the best optionif you are looking for a privateoffice with a few employees to accommodate. • In GoldPackage, you get an executive office in which you can get five visasper license. • The activity limit remains the same as it is for other packages; five for commercial activities and five for service activities. •

  8. AMCFZ License Packages AMCFZ License Packages SMI SMIPackage 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 havea formal company toconduct 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 notrequired. •

  9. AMCFZ License Packages AMCFZ License Packages SMI SMIPackage 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 toyou 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, andAMC will prepare the documents. Then, they will be sent toyou electronically. •

  10. Types of Companies in AMCFZ Types of Companies in AMCFZ One One- -Owner Company (FZE) 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: 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

  11. Types of Companies in AMCFZ Types of Companies in AMCFZ Multiple Owner Company (FZC) 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 asit doesn’t put their personal assetsat risk. Documents Required: 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

  12. Types of Companies in AMCFZ Types of Companies in AMCFZ Branch of a Foreign Company ( Branch of a Foreign Company (BFC 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: 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 Colourphotographs of the representative 03 • • • •

  13. Types of Companies in AMCFZ Types of Companies in AMCFZ Branch of a Local Company ( Branch of a Local Company (BLC 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 BLClegal structures. Documents Required: 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

  14. Visa Service Visa Service Process 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. •

  15. Visa Service Visa Service Visa VisaRequirements 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. • • • • • • •

  16. Visa Service Visa Service Fees Fees Establishment Establishmentcard 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. cardfees fees: : Resident Visa Stamping at Ajman Free Zone 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

  17. Frequently Asked Questions Frequently Asked Questions What will be the address of the company I formed in What will be the address of the company I formed in Ajman Media City Free Zone? Ajman Media City Free Zone? The company registered will be having a designated office as well as a building number present in Ajman Media CityFree Zone. Is it possible to change the activities later? 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 Is it necessary to have a local sponsor for forming a company in Ajman Media City Free Zone? 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.

  18. Contact Us Contact Us Form a Company in AMCFZ 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.

  19. THANKS FOR WATCHING!!!

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