BUSINESS SETUP IN UAE FREE ZONES

Ajman Media City Free Zone

Overview of Ajman Media City

Ajman Media City Free Zone came to the market in 2018. Due to its low cost packages it immediately became one of the bestsellers among free zones in the United Arab Emirates.

AMC has 7 different packages starting from 0 and ending up with over 5 resident visa allocations.

Many people compare it up with Ajman free zone company formation, however these two zones are different.

AMC zone offers a very niche product. It has a large number of media-related activities. It doesn’t have warehouses or land for lease. But it will work for those who can accommodate themselves with a shared desk desk or a small office.

Special feature: AMC license has a unique QR code. License authenticity can be checked by simply scanning it by any device. For online businesses, it can help to create trust with potential customers.

Ajman Media City company registration is quick and is done by the registered agents of the free zone. Business setup consultants in Dubai will do all the paperwork hassle for you.

Facilities

Ajman Media Free Zone is located in brand new complex. It includes headquarters and business center for the companies.

The following facilities are available:

  • desk space for 10 hours a month
  • shared permanent desk space
  • shared permanent office
  • full-time executive office

Business activities

Ajman Media City Free Zone has a very specific list of activities. Most of them are related to advertising, media and IT segments.

Some trading activities are available too. Search for advice of Emirabiz - Business setup consultants in Dubai to see if your activity is available.

Generically, activities will fall under the following groups:

  • Service/consultancy
  • E-commerce
  • Media related trading

Free zone allows to have up to 5 business activities under 1 license. Activities do not have to be similar to each other.

Some notable activities include:

  • Social media influencer
  • Courier activities
  • Legal activities
  • Temporary employment agency activities and more

Important notice: at least one of the activities must be media-related.

Ajman media City allow a to mix commercial and service activities at no extra costs. They should be connected to each other and represent the same type of business.

Ajman Media City trade license

Ajman media city free zone license starts from 8,500 AED. Such package has no visa eligibility, but includes a workspace in a business club.

It means that this free zone is offering the cheapest zero visa setup all over UAE now.

Company setup in Ajman Media City

Company registration in AMC can be done without your visit to the free zone.

You need to prepare the following documents and details for the registration:

  • passport copyUAE entry stamp copy/resident visa copy
  • passport size photo (if you apply for visa eligible company)
  • residential address
  • e-mail and telephone number

Incorporation usually takes 3 business days. Upon completion you receive these documents:

  • Trade license
  • Shares Certificate
  • Certificate of Incorporation
  • Certificate of Good Standing
  • Certificate of Incumbency
  • Tenancy Contract

Resident visas

AMC fee for resident visa is cheaper than in other free zones.

Ajman Media City visa fees (AED):

 Viza feesMedical checkupEmirates ID
Investor1,945690390
Employee1,945690390

Important notice: medical check cannot be done in Dubai. You will need to do medical test in Ajman hospital.

Partner visa will be valid for 3 years, employment visa - 2 years.

Health insurance is not required for visa processing.

Some “high risk” nationalities might face difficulties with getting resident visas in Ajman Media City Free Zone. They include:

  • Iraq
  • Syria
  • Palestine
  • Egypt
  • Lebanon
  • Bangladesh etc.

Such nationalities need to apply for immigration pre-approval before company setup. If your nationality is listed as “risk” it does not mean you cannot try. Everyone is allowed to apply.

We recommend to submit some supporting documents for “high risk” approvals.

They can be:

  • education certificates
  • previous UAE visas
  • other GCC country residency evidence

Renewal of Ajman Media City trade license

AMC company renewal is done through your registered agent. It will not require your visit to UAE.

You will need to provide:

  • authorization letter
  • renewal fees

Renewal fee will be equal to the license registration price.

Amendments

All amendments including shares transfer do not require personal presence of shareholders or managers of the company.

Processing timelines are short and the fees are rather low.

License liquidation

Company liquidation is a multiple step process:

  1. Visas cancellation
  2. Establishment card cancellation
  3. Termination of lease
  4. Liquidation of the license

The government fee is 1,700 AED all inclusive.

Business Setup Expert Opinion

Ajman Media City Free zone is a fast growing free zone which has shown the lowest costs of registration and at the same time quick and easy services.

Such free zone will perfectly suit startups, those who need speedy processing or businesses who operate online.

For those who need a more famous free zone or want to have a different business activity, it is advisable to look into business setup in Ras Al Khaimah. That free zone is one of the biggest trading hubs and has proved its reputation with years of operation.

BENEFITS OF AJMAN MEDIA CITY COMPANY

  • One of the most cost-efficient Free Zones
  • One of the best prices for 1 visa company
  • Fully remote setup
  • Up to 5 business activities in 1 license

START YOUR BUSINESS IN AMC TODAY

TRADING/SERVICE LICENSE COSTS IN AJMAN MEDIA CITY

UP TO 5 VISAS COMPANY

LICENSE TYPE VISAS INCLUDED TOTAL COST
Trading / Services license + Flexi desk no visa AED 15,100 $4,150 download breakdown
Trading / Services license + Flexi desk 1 visa AED 25,569 $7,050 download breakdown
Trading / Services license + Flexi desk 2 visas AED 32,770 $9,000 download breakdown
Trading / Services license + Flexi desk 3 visas AED 48,487 $13,300 download breakdown
Trading / Services license + Executive Office 4 visas AED 52,326 $14,350 download breakdown
Trading / Services license + Executive Office 5 visas AED 56,278 $15,450 download breakdown

DOCUMENTS FOR AJMAN MEDIA CITY COMPANY SETUP

DOCUMENTS

PROCEDURE

INDIVIDUAL SHAREHOLDER

  • - Passport
  • - Passport size photo
  • - Description of business
  • - Residential address
  • 1-2 days- Company registration
  • 1-2 weeks- Security approval and Establishment card
  • 1 week- Entry visa
  • 1 day- Medical Check-Up and Emirates ID
  • 1 week- Visa stamping

Top 10 questions about Ajman Media City company

  • If l register a company in a free zone outside of Dubai, can l live and have a bank account in Dubai?

    Yes, you can have a company registered outside Dubai, but reside in Dubai or any other Emirate. You do not have to live in the same Emirate where your visa belongs to. You can also have a bank account in a Dubai branch of any UAE bank of your choice.

  • Can I open a bank account remotely?

    No, you have to visit UAE personally. It is a requirement of a UAE Central bank which all local banks have to follow. Personal visit is required to make sure that the client is known by the bank.

  • Do banks give debit and credit cards or loans?

    Normally you can get a debit card for your newly opened company if there is only one shareholder. You can also have a credit card, but it will be given against a fixed deposit. As for the loan, it is possible to get it, but you need to show company operations and profits to the bank. Upon checking your company's turnovers and profits, a bank may approve a loan. We recommend applying for it at least after one year of company's operations.

  • Can a free zone company hold its offices outside the free zone?

    Officially an office of a free zone company has to be located only within the free zone where this company was registered. If you need an office in Dubai, you have an option to rent a space in a Business center and use it either a few times per month or daily, depending on the package that you choose. However, the free zone minimum required space (flexi desk) cannot be cancelled.

  • Why do I need a flexi desk or office?

    A flexi desk is an obligatory requirement for any company eligible for resident visas. UAE government obliges to have it because it's the minimum physical office space, that a company who has any individual under its visa must have. Apart from that, flexi desk is helpful for bank account opening. The compliance department of the banks needs to see that a company has some kind of office or at least a small physical seat, where it can be working from.

  • Do we have to pay VAT if our company is registered in the Free Zone?

    VAT obligations of the company depend not only on the place of its registration, but on the place where its business takes place. To start with, VAT comes into picture once your taxable turnover reaches 375 000 AED. Taxable turnover means the turnover which was done in the UAE. If your company is registered in a Free Zone, but the trading takes place abroad (for example you sell goods from India to Africa), that turnover is not considered taxable, because the transactions are taking place out of UAE. It means that you do not have to pay VAT. But if you have a free zone company and import goods to UAE, you have to add 5% VAT to your Invoices and pay VAT. If your company is registered in a designated free and sells the goods to another designated free zone or within the same zone, VAT does not appear.

  • Should I pay any other TAX?

    UAE is free from income tax and corporate tax. It has only imported tax 5% for the goods that you bring into the country and VAT 5% for the trading or service transactions that happened in UAE.

  • Why will a free zone company suit me better than an offshore or a mainland entity?

    Everything depends on your business model and requirements, but a free zone setup is the most suitable for the majority of the business needs. Free Zone company has 100% foreign ownership unlike mainland where you need a local partner or agent, it can be eligible for resident visas, allows doing business both in and out of UAE, more favorable by the banks in comparison to offshore companies, can have a flexi desk space instead of an executive office like in mainland companies. Free Zone is a good way to start a business for reasonable fees and without unwanted obligations.

  • Can you guarantee opening of a bank account?

    We do our best when we setup your company in such a way that would make account opening easier for you. Knowing your background and your business model, we can give you our estimation about the chances of successful account opening. The approval of the account fully depends on the bank. Each case goes to a few departments of the bank where it has to be approved before the account gets opened. If the bank has any questions or needs clarifications, it will contact you directly with the inquiries. The more clear picture about your business you give to the bank, the higher your chances of account opening are. Being a consultancy company, we cannot guarantee opening of a bank account, because it depends on the factors which do not depend on us. However, we do our best to prepare you and your company for smooth and fast account opening.

  • Should I renew my company? When? How much does it cost?

    Yes, the company should be renewed annually. The cost of the renewal is usually less than the setup cost. It depends on your company package. You can get the price by downloading the Estimate from this page. Renewal does not require personal presence of the owner and can be done by your agent. After company renewal, the new license has to be shown to the bank in order to extend the bank account. It is always included into our renewal service.

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