Ajman Media City Free Zone (AMC)
Ajman Media City Free Zone (AMC) is one of the newest free zones in the United Arab Emirates. In 2018, His Highness Sheikh Humaid bin Rashid Al Nuaimi III, the Ruler of Ajman and a member of the Supreme Council of the United Arab Emirates, issued Emiri Decree No.8 of 2015, which established a dedicated Media City in the emirate.
Location
AMC is strategically located just 30 minutes away from Dubai International Airport and approximately 45 minutes from Business Bay, the business district of Dubai. This makes it an ideal location for companies seeking a convenient base of operations.
Why Choose Ajman Media City Free Zone?
Despite being the smallest emirate by land area in the UAE, Ajman has a population that ranks fourth after Abu Dhabi, Dubai, and Sharjah. Additionally, Ajman has an impressive GDP of over $4.23 billion annually. The storage and communications industry in Ajman is growing at a rate of 5.1% every year and is the second-fastest growing industry sector after social and personal services.
Advantages of Company Formation in Ajman Media City Free Zone
AMC offers a straightforward and hassle-free company registration process that can be completed entirely online. You are not required to be physically present for the incorporation of your company. 100% foreign ownership is allowed, and there are no corporate or income taxes. You can repatriate 100% of your capital and profits. Furthermore, a business license can be issued within 24 hours, and multiple business activities are permitted under a single business license.
Cost of Business Setup in Ajman Media City Free Zone
The cost of licensing depends on the type of business activity proposed and the number of visas needed. The general rule of thumb is that the more business activities, the higher the cost of the Trade License. Similarly, the more visas required, the higher the cost.
Documents Required for Company Setup in Ajman Media City Free Zone
You can establish your company as a FZE (Free Zone Establishment), meaning there is only one business owner, or as a FZC (Free Zone Company) if there is more than one owner. Alternatively, you could establish a company as a Branch of a Foreign Company or Branch of a GCC company, in which case another company – referred to as the parent company – would be the owner of the company incorporated in AMC. Documentation requirements include a completed application form, a copy of the passport, two recent passport-sized photographs, three company name options, proof of residential address in one’s country of residence, and copies of Emirates ID and visa if already in the UAE. These documents need to be submitted for each business owner. The Ajman Media City Free Zone Authority will then provide you with the necessary documents, including a memorandum of incorporation, memorandum of association and articles of association, share certificate, certificate of incorporation, company registration, chamber of commerce membership certificate, lease agreement, tenancy contract, and certificate of good standing.
If you need assistance with company setup in Ajman Media City Free Zone, highgate Business Management Consultant can provide professional guidance to help you navigate the process.
If you need assistance with company setup in Ajman Media City Free Zone, highgate Business Management Consultant can provide professional guidance to help you navigate the process.