Media City Free Zone Company Formation!

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Ajman Media City Free Zone(AMCFZ), located in Ajman Emirate, is one of the most famous free zones to incorporate a business in the United Arab Emirates. Established in 1988, this free zone is home to several sectors across various industries such as industrial, professional, and e-commerce.

Additionally, one of its unique advantages is the affordable business packages and the different kinds of Ajman media city free zone licenses it offers to various companies and investors. Moreover, it is located strategically providing easy access to international markets by sea and air, thus making it a tactical place for conducting business.

Perks of Ajman media city free zone company formation

Low-cost business solutions
Ownership of business
Tax benefits
Licensing benefits
Digital procedure
Immediate visas

Additional benefits:

Privileged location
Several options for business activities
The easy as well as quick business setup process
Capital repatriation
Outstanding infrastructure
Modern corporate facilities
Affordable rental options
Easy verification of validity
Option to change the business activities
Facilitates multiple modes of payment such as credit card, debit card, cheque, and cash
Allows application for dependent visa for family

Ajman media city free zone company formation – Packages

The cost of Ajman media city free zone license packages depends on various factors. However, the investor has the facility to choose a cost-effective plan for his business. Thus, it enables them to fulfill their corporate requirements without paying any additional charges.

The AMC free zone license packages are as follows:

Business club package

An allocated shared workspace for a limited time
The company receives the status of a free zone company
Not eligible for a visa
Allows grouping of five commercial activities as well as five business activities

Gold package

Provides a private office to accommodate a few employees
Also, offers an executive office with five visas per license
Allows carrying out ten business activities including five commercial and five service-based

Silver package

Offers three visa permits
Also, allows a total of ten business activities
Covers up to five commercial and service activities per license

Bronze package

One permanent shared office in ultra-modern infrastructure
Eligible for one visa
Free zone status for the company
Number of activities same as it is for other packages

SMI package

Social Media Influencer package for bloggers and influencers who promote different brands
Individuals receive a certificate from the National Media Council of the UAE for being a social media influencer
No visa eligibility
Digital company formation process. Hence, physical presence is not mandatory

The applicants have to pay the VAT charges, Innovation Fee, and Company Name Approval cost in addition to the above packages. To check more about packages, visit the official portal of Ajman Media City free zone or speak with the experts of Shuraa.

Ajman media city free zone license – Types

Industrial license – This license allows businesses to carry out manufacturing, assembling, import of raw materials, and selling of finished goods within as well as outside of UAE.
Professional license – With a professional license also known as a service license, individuals and companies can offer professional services and activities in the region.
E-commerce license – Companies with an e-commerce license can conduct online trading activities such as sales and promotion of goods and services in Ajman.
Commercial license – With a commercial license, businesses can carry out trade activities in Ajman, such as import, export, and other related services.
General Maintenance license – General maintenance license permits businesses to carry out repair and maintenance activities for buildings and enterprises.

Ajman Media City Free Zone – Company structures

Free Zone Establishment

FZE is basically a one-owner company. In other words, you can have 100% ownership of your company. Besides, it allows remote registration and doesn’t require your physical presence for the registration process.

Free Zone Company

Unlike FZE, FZC can have multiple shareholders. Besides, it is a limited liability company, wherein the liability of the shareholders remains limited to their share capital.

Branch of a foreign company

Any overseas company can establish a branch in the Ajman Media City Free zone as a representative office. This structure is basically formed to have a market presence in the UAE rather than conducting business activities.

Branch of a local company

This legal structure is established by a UAE company to expand its business to other regions of the country. Mainland companies as well as free zone companies can establish their branch in Ajman Media City Free zone.

AMCFZ – Business activities

Ajman Freezone welcomes almost all business activities. Hence, companies can start their operations easily by just selecting the desired business activity and attaining the proper business license.

Additionally, Ajman free zone offers a vast range of professional and financial business activities to investors and entrepreneurs. Some of the most common lucrative activities include the following:

Trading
Information Technology(IT)
E-commerce
Advertising & Marketing
Web Designing
Industrial
Transalation services
Education
Law firms
Consultancy
Media and entertainment

Ajman Media City Free Zone – Corporate facilities

Permanent desk space
Shared offices
Executive offices

Ajman media city free zone license acquisition – Procedure

Choose a trading name and business activity
Obtain the initial approval for company formation
Prepare the relevant documents
Submit the application and documents to the concerned authorities
Lease an office space
Prepare a tenancy contract
Acquire additional approvals, if necessary
Pay the required fees and expenses for license registration
Collect the business license
Start the operations in the Ajman Media City Free Zone

Documents required:-

Passport copies of owner/shareholders
Residency proof/Entry permit
MOA(Memorandum of Association)
AOA(Articles of Association)
Business plan
Reference letter from the bank
NOC from the sponsor(for UAE residents)
Proof of share capital
Trade name options

Once the authorities verify your application and issue the Ajman media city free zone license for your business, they will provide the following documents as well to the business owner. These documents can further be used to establish a corporate account in AMC free zone.

Certificate of Incorporation
Lease agreement
Certificate of Good Standing
Certificate of Chamber of Commerce
Share certificate
MOA & AOA
Tenancy contract
Registration certificate

Visa Processing in Ajman Media City Free Zone

Apply for an establishment card
Further, apply for eChannel
Proceed with the entry permit application
Pass the medical test
Apply for an Emirates ID
Get a stamp of residency permit on the passport

Requirements for visa processing:-

A printed online application with the barcode signed and stamped by the concerned authority
Immigration application form
Trade license copy
Establishment card
Copy of passport (with minimum six months validity)
Passport sized photographs
Education certificate attested by the UAE consulate of the applicant’s home country as well as by the Ministry of Foreign Affairs in UAE

Ajman media city free zone license – Renewal & Liquidation

The renewal process of the Ajman media city free zone license is almost similar to the registration process as it can also be done remotely through a trusted agent. However, the document requirements may differ. The business owner must submit the following credentials for the renewal purpose –

Authorization letter
Renewal fees

On the other hand, there are certain rules and regulations for the liquidation process. Besides, the owner or the representative holding the Power of Attorney must perform this procedure. However, they must follow certain steps.