company formation in Ajman Media City

Starting a company formation process is essential in any UAE business location. You can find plenty of opportunities in this country, and many options as well. For instance, you can choose between the available types of company formation in Ajman Media City. Here you will find useful information about it and how to get started.

In this article, you’ll learn everything you need to know about the company formation process in this location. For example, the main thing we’ll explain here is the types of company formation available. Besides, you will also find other relevant information, including benefits, types of licenses, and more. Let’s observe:

  1. A brief overview of Ajman Media City Free Zone you need to know.
  2. What types of company formation are available in this free zone?
  3. How many benefits can investors obtain in Ajman Media City?
  4. What packages does Ajman Media City offer to its investors?
  5. How can you complete the company formation process in AMCFZ?
  6. Documents and requirements to complete the company registration process.
  7. What documents do you need to apply for visas in Ajman Media City?
  8. Are there other free zones available in the emirate of Ajman?
  9. How can Connectfz help you complete the company formation process in Ajman Media City?

1. A brief overview of Ajman Media City Free Zone you need to know.

The popular emirate of Ajman is located next to Sharjah and Umm Al Quwain. In this emirate, you can find interesting free zones, including the Ajman Media City Free Zone. Certainly, AMCFZ provides a favorable environment to allow the media industry to develop its activities. Besides, all types of company formation in Ajman Media City get the advantage here.

If you are planning to create a new media-related company, this is the right place for you. In Ajman Media City, you can achieve your goal successfully due to its harmonious environment and flexible processes. However, it’s always good advice to find more information before starting up a company anywhere. Keep reading this article to discover interesting facts about this particular free zone.

2. What types of company formation are available in this free zone?

What types of company formation are available in this free zone?

All investors are free to establish any of the available types of company formation in Ajman Media City. All of them have similar structures; however, some elements make them very different. Therefore, it’s important to know the basic concepts before choosing an option. In this free zone, you’ll be able to find 4 main options, which we’ll see below.

2.1. Free Zone Establishment (FZE).

This type of company formation is a limited liability company, which is governed by the free zone regulations. In the case of an FZE, this company can only have a single shareholder. Besides, this option is valid for both natural and juristic persons. Not to mention that you can find it available in all free zones in the UAE.

2.2. Free Zone Company (FZC).

On the other hand, a Free Zone Company is also a limited liability company. However, the main element that makes it different is the number of shareholders. A Free Zone Establishment can only have one shareholder. Meanwhile, a Free Zone Company can have 2 or more shareholders. However, there is a limit of a maximum of 5 shareholders.

2.3. Branch of a UAE Company.

In this case, a branch office is an extension of an entity that already exists. That entity is known as the parent company. If the parent company is located in the UAE, then the extension would be a local company branch. However, it is important to mention that a branch office is not the same as a subsidiary.

2.4. Branch of a Foreign Company (BFC).

As we mentioned before, a branch office is an entity that depends on a parent company. However, in this case, there is a slight difference. If the parent company is outside the country, then the branch office would be a BFC. Another important detail about branches is that these will only carry out the same activities as the parent company.

Here you can learn about the company formation process you can do in Ajman Free Zone.

3. How many benefits can investors obtain in Ajman Media City?

Regardless of the type of company you set up, you can receive several benefits as an investor. You’ll be able to boost your business and reach success in a matter of time with them. For example, these are some of the usual benefits of the company formation in Ajman Media City:

  • Full repatriation of all profits and capital.
  • 100 percent of foreign ownership.
  • No currency restrictions.
  • Total exemption from personal and corporate income tax.
  • You can carry out multiple business activities in one license.
  • Easy and simple registration process for any type of company formation in Ajman Media City.
  • The investor can complete the registration process online.
  • The pertinent authorities will issue the business license within 24 hours.
  • The company owner can apply for a dependent visa for the family.
  • Ajman Media City has the fastest visa services.
  • Low cost to start up a new company (starting from AED 8,500 approximately). Besides, visa packages are affordable too.
  • You can use many facilities to improve your business. For instance, you can request a permanent desk space, shared offices, high-quality executive offices, and more.
  • There will be a designated office and building number for the company.

Here you can learn how to start up a company in Ras Al Khaimah Economic Zone.

4. What packages does Ajman Media City offer to its investors?

What packages does Ajman Media City offer to its investors?

In this free zone, all new investors and entrepreneurs can start a company from zero. However, they can choose between several packages to boost their company formation in Ajman Media City. Each of these packages offers different benefits, like the number of visas and allowed business activities. Most importantly, the business setup cost in Ajman will mostly depend on the chosen package.

Investors like you are free to choose between the following available 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 25,500).
  • Silver Premium Package (AED 21,500).

Here you can learn how to obtain a business license in the emirate of Ajman.

5. How can you complete the company formation process in AMCFZ?

The company formation in Ajman Media City is a simple process for all investors. Firstly, the investor must choose the type of company formation they desire. Secondly, it’ll be necessary to gather and submit specific documents, which we’ll see below. And thirdly, they must follow these steps to complete the registration process:

  • First, the investor must submit the company application form at the Customer Services Centre.
  • Second, the Inspection Unit in the municipality of Ajman will verify the chosen business location.
  • After those steps are completed, the investor will obtain the required approval of specialized departments.
  • Then, the company owner should obtain approval for the trade name. Right after that, the business register and membership certificate will be issued.
  • After completing the previous steps, the investor must submit the necessary approvals. Also, he/she must submit the receipts from the Ministry of Trade.
  • And finally, the investor has to pay all fees and submit the application to the Customer Services Centre. After completing this step, the business license will be delivered to the investor.

Here you can learn about the business setup process in Umm Al Quwain Free Trade Zone.

6. Documents and requirements to complete the company registration process.

Before starting the registration process, you must be sure to meet all requirements. For instance, you will need to gather and submit certain documents to complete the process. Some of these documents are general paperwork, which means they’ll be necessary in all cases. However, each company formation in Ajman Media City may require other documents.

The general documents you’ll need to register your company are the following ones:

  • Passport copies of the owner.
  • The application form filled up with the necessary information.
  • Company names options (at least 3 options).
  • Residential address.
  • Proof of share capital.
  • Telephone number and email address.

After submitting these documents, the authorities will process them and you’ll receive these:

  • Certificate of incorporation.
  • Lease agreement.
  • Commercial registration.
  • Share certificate for FZE and FZC.
  • Good Standing certificate.
  • Salary certificate.
  • Chamber of Commerce certificate.
  • Tenancy contract.
  • Memorandum of Incorporation (FZE) and Memorandum and Articles of Association (FZC).

If the investor wants to establish a foreign branch office, these documents will be necessary:

  • The certificate of incorporation of the parent company.
  • The Memorandum and Articles of Association of the parent company.
  • A Board Resolution.
  • A passport copy of the manager of the company (with a validity of at least 6 months).

These documents must be attested by the UAE Embassy in the company’s country of origin. Likewise, they should be attested by the Ministry of Foreign Affairs in the UAE.

Here you can find the information you need to obtain a Restaurant License in Dubai.

7. What documents do you need to apply for visas in Ajman Media City?

In order to obtain visas, some paperwork will be necessary. For instance, these are some of the requirements for applying for visas:

  • Trade license copy.
  • Establishment card copy.
  • Online printed application with barcode or reference number.
  • Immigration application form.
  • Passport copies with 6 months validity.
  • 3 passport-sized photographs (white background recommended).
  • Educational certificate, if it is required.

Here you can learn about all of the benefits of the DTAA (Double Taxation Avoidance Agreement).

8. Are there other free zones available in the emirate of Ajman?

Besides Ajman Media City, you can also find the Ajman Free Zone (AFZ). In this location, you can find more opportunities and a variety of industries. However, the Ajman Free Zone company setup cost will vary depending on the type of activities you’ll perform. While AMC focuses on the media industry, in AFZ you can join any of these industries:

  • Food and beverage.
  • Education.
  • Paper and packaging.
  • Automotive.
  • Media industry.
  • Construction.
  • Health and beauty.
  • Oil and gas.
  • Agriculture.
  • Jewelry (gold and diamonds).
  • Chemical industry.
  • Marine sector.
  • Textile industry.
  • Trade sector.
  • Sports industry.
  • Technology sector.

Moreover, you can also choose any of the company formation options previously mentioned in this free zone. Also, you can apply for a variety of licenses according to the nature of your business. Some of the available business licenses in AFZ are the following ones:

  • Commercial license.
  • Services license.
  • Industrial / Manufacture license.
  • E-commerce license.
  • Pioneer license.
  • Freelancer license.
  • Offshore license.

9. How can Connectfz help you complete the company formation process in Ajman Media City?

This emirate offers the most useful advantages to help you reach success. However, you can make the process easier if you let us be your business partner. With Connectfz, you’ll be able to save both time and money during your business setup process. Firstly, you can receive the guidance you need. And secondly, you can request other services.

We offer the packages you need, which include the licenses and visas you require. Also, you can count on us to complete some of the necessary processes or take care of the paperwork. On the other hand, we also provide different services to boost your business. For example, recruitment services, HR consultancy services, and many others are available for you.

Feel free to contact us and request the services you need. Or in case you need information about the location too. If you need it, make sure you get the Ajman Free Zone contact number and ask for more information. Nonetheless, you are free to contact Connectfz too to obtain the information you require.

Would you like to contact Connectfz to know more about the company formation process in free zones such as Ajman Media City? If you have any questions, call us on +97143316688. You can email us at info@connectfz.ae, and you will talk to one of our representatives who will answer your questions.