Ajman Media City Free Zone (AMCFZ)
The latest economic zone in the Emirate of Ajman, which is designed to support businesses in the entertainment, creative and media industries.
The project Ajman Media City is aimed at small and medium-sized businesses, as well as startups planning to launch a business in the free economic zone and gain access to macro-regional markets.
The new economic platform has high potential, therefore, in the coming years it will become the most attractive free economic zone in the country for the media and other sectors of the media.
Company advantages in the AMCFZ
The possibility of 100% company ownership by foreign citizens;
lack of currency control;
exemption from most taxes (there is only a 5% value added tax);
a high degree of confidentiality of any information about the owners, shareholders and directors of companies;
simplicity in the business registration procedure;
lack of requirements for the minimum authorized capital;
location in the center of Ajman, near Dubai, Sharjah and international airports.
Types of companies
Free Zone Establishment (FZE) - a company with 1 founder.
Free Zone Company (FZC) – a company with more than 1 founder
Branch of a Local Company
Branch of a Foreign Company (BFC)
Types of licenses
Service: for companies working in the field of consulting and IT;
Trading: for companies involved in products import and export;
A possible combination of service and trading activities in one license (The same company can engage in both trading activities and the provision of services, what is prohibited in other free economic zones. This makes the cost of the license lower compared to other free economic zones)
Electronic commerce license - E-commerce License is intended for conducting online commerce.
Shareholders and management
The number of directors - at least one. These can be only individuals.
The number of shareholders - for FZE - at least one, for FZC - at least two. These can be individuals and legal entities.
There are no mandatory requirements for the minimum authorized capital of a company to be established
− Business Club
A separate workplace in a common office, with the ability to use no more than 10 hours a week. The customer receives a dedicated phone number, a shared fax number, and a dedicated email address.
− Shared Office
− Real office, 12 sq m
The number of visas depends on the type of office you choose.
Accounting and auditing
1. The registration deadline for a company is 1 day from the filing date.
2. A personal visit of a shareholder or representative acting on the basis of a power of attorney legalized in the UAE is required.
The specialists of PARUS are always ready to advise you in more detail on all issues regarding the company registration procedure in Ajman Media City Free Zone.