Company Formation in AMC FZ – Ajman Media City Free Zone
The emirate of Ajman is situated on the coast of the Arabian Gulf, extending over a distance of 16 kms between the emirates of Umm Al Quwain & Sharjah. It covers about 259 sq. kms which is equivalent to the 0.3% of the country’s total area. The ruler of this emirate is His Highness Sheikh Humaid Bin Rasheed Al Nuaim.
Ajman Media City Free Zone is the newest free zone in the United Arab Emirates. Headquartered in the Emirate of Ajman, Ajman Media City Free Zone has been formed with the express aim of matching the professional aspirations of individual entrepreneurs and businesses from across the world.
Ajman Media City Free Zone is dedicated to herald a new paradigm in the media free zone space of the United Arab Emirates thereby catalyzing the appeal of the emirate of Ajman as an investment destination.
Major Benefits of Company Formation in AMC FZ (Ajman Media City Free Zone):
- 100% foreign ownership,
- 100% repatriation of profit & capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- No forex restrictions,
- Quick incorporation process
- Multiple business activities in one license
Characteristics of AMC FZ Company Setup:
Location:
Ajman Media City Free Zone, Ajman, (U.A.E.)
Proposed activity:
Trading/Service activities can be carried out in AMC FZ.
License available:
Commercial trading & Service license are available options for AMC FZ Company Setup
Type of entities:
FZE (Single Shareholder), FZCO (single or multi shareholders with limited liability) and Branch
Shareholder:
Shareholder for Ajman Media City Free Zone (AMC FZ) Company can be Individuals or Corporate entity (maximum 5)
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
We suggest minimum share capital of AED 50,000/- in case of FZE/FZCO for AMC FZ Company Setup and AED Nil/- in case of Branch office.
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:
Audit report is not required to be filed with AMC FZ.
Estimated time:
3 to 4 working days to obtain license of the company and register a company in AMC FZ (Ajman Media City Free Zone)
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
AMC FZ (Ajman Media City Free Zone) Company Setup Process:
- Identify the legal form of company to be registered in AMC FZ
- Select activity from AMC FZ activity list,
- Apply for name and initial approval,
- Payment of fees related to AMC FZ business set up,
- Sign AMC FZ company registration and incorporation documents,
- Apply for AMC FZ residence visa.
Documents Required for AMC FZ Company Registration:
The documents required for business set up in AMC FZ (Ajman Media City Free Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are
- Color passport copy,
- Color UAE residence visa & emirates id copy,
- CV/Resume
- NOC from current sponsor
- Utility bill copy,
To know more about the complete requirements for company formation in Ajman Media City Free Zone (AMC FZ) call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Formation Cost in AMC FZ:
AMC FZ Company Setup begins from AED 8,610/-
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in AMC FZ.
Other Notes for AMC FZ – Ajman Media City Free Zone:
- Document to be legalized with UAE Embassy in case of corporate shareholder
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every year.
- Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in AMC FZ. Our company acts as a one stop solution for AMC FZ company incorporation services.
If you are looking for AMC FZ company setup, please get in touch with us for professional assistance
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in AMC FZ (Ajman Media City Free Zone).
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.