Ajman Media City Quick Business Setup Guide
Thinking of starting a business in the UAE? Then you’ll need to get to know the nation’s many free zones. Situated throughout the country, these free trade zones are famed the world over for their supportive and incentivised business environments.
For example, set up in a UAE free zone and you can expect to benefit from 0% tax on both corporate and personal incomes as well as 100% foreign ownership, the ability to repatriate 100% of your capital and profits, zero import or export tax, low set up and operating costs, state of the art facilities and much more.
Many of the UAE’s free zones also offer individual advantages of their own. Set up in Ajman Media City Free Zone (AMCFZ) for example and as well as the benefits mentioned above you can also make the most of a great location, low startup costs, and the ability to start a business without a UAE visa.
Doing business in Ajman
The emirate of Ajman is spread across 324 sq km and includes three key areas: Ajman city – the emirate’s business and commercial heart – Masfoot and Al Manama. Masfoot is well known for its agriculture and is a popular tourist destination thanks to its climate and proximity to the mountains. Al Manama is around 73km from Ajman city and is best known for its sand valleys and mineral mining history.
Ajman’s enviable location makes it hugely popular with entrepreneurs from every corner of the world – particularly those interested in import and export as the emirate is incredibly well linked by road, as well as sea and air. Ajman has easy access to two major international airports in Dubai International and Sharjah International and is also closely linked to four of the UAE major seaports, including Ajman Port and Khorfakkan Port.
Ajman’s enviable location makes it hugely popular with entrepreneurs from every corner of the world – particularly those interested in import and export as the emirate is incredibly well linked by road, as well as sea and air.
Business setup in Ajman Media City
There are four key Ajman Media City packages to choose from starting with the Business Club Package. Business Club includes a business license covering up to five activities along with use of a shared work space. There is, however, no visa allocation with this package.
AMCFZ’s Bronze package is similar in that it allows for up to five allied activities. However, this does come with eligibility for one visa and the use of a permanent shared office within the free zone.
The Silver package once again includes use of a shared office. It differs from the Bronze package in that it affords eligibility for two visas.
Then there is the Gold package which, like the others, allows for up to five allied activities. However, Gold members can make use of private permanent office space as well as eligibility for up to five visas.
Finally, AMCFZ also offers a Platinum package which is open to customisation and allows for an even greater number of visas, if required.
Ajman Media City license cost
Ajman Media City license fees are low, making it one of the most cost-effective free zones in the UAE. Depending on the package you choose, Ajman Media City license costs start in the region of AED 8,500.
Naturally, the total Ajman Media City company setup cost that you will pay depends on the nature and size of your business. For those entrepreneurs looking to keep Ajman Media City company setup costs low, the Business Club package is a sensible option as there are no visa fees or leasing costs to pay.
Ajman Media City company formation process
Whether you are a solo entrepreneur, an SME, or overseeing a large organisation, or opening a branch of an existing company, the Ajman Media City company formation process is incredibly straightforward. As well as a completed application form, you will be expected to submit some basic documentation including passport copies of all shareholders, company name options and proof of share capital if required.
Should you wish to establish a branch office of an existing company, you will also be asked to provide details of the parent company including a certificate of incorporation as well as articles of association and a board resolution.
The entire application often takes just a couple of days and in some cases can be carried out remotely, without you ever needing to visit Ajman or the UAE. However, do keep in mind that any inaccuracies in your application or supporting documents could result in delays or potentially the outright rejection of your application – costing you both time and money.
The entire application often takes just a couple of days and in some cases can be carried out remotely, without you ever needing to visit Ajman or the UAE.
To avoid this, many entrepreneurs choose to work with a company setup expert to manage the application process for you. When working with such an expert you are usually only expected to provide some basic documents and a few hours of your time for a consultation, the company formation firm will then take care of the rest.
How to establish a business in the UAE
Business setup in Ajman and the UAE is in fact a fairly transparent process, but that does not mean working through the steps comes without its many challenges. There can be a fair bit of red tape, and many details to work through that you may be better off trusting to the professionals – that is, one of the many company setup providers in the country – who do it every day.
With the help of a company formation specialist, your business could be up and running within a matter of days. All that is required of you is some basic documentation – such as passport copies and your application form – and a little of your time. Then you can rest assured that your application is both accurate and complete.
But before you even get to the step of contacting a UAE business setup consultant, it’s best you get a general feel for how it all works. What sort of company type is the right fit for you? What industry categorisation does your business fall into? Will you need a visa for you or dependents or employees? What sort of costs upfront and on an annual basis can you expect? What are your legal responsibilities? What do you need to know about corporate banking?
With a clear idea of what you want to achieve, a company formation specialist can take care of everything else, helping you decide between free zone and mainland setups, managing your entire license and visa applications, and even helping you open your corporate bank account.