- Company Formation
Ajman Media City Free Zone
The Ajman Media City Free Zone is the latest free zone in the United Arab Emirates. It came into being in 2018, three years after His Highness Sheikh Humaid bin Rashid Al Nuaimi III, the Ruler of Ajman and a member of the Supreme Council of the United Arab Emirates, issued a decree (Emiri Decree No.8 of 2015) for the setting up of a dedicated Media City in the emirate. A&A Associate LLC can be of professional assistance with company setup in Ajman Media City Free Zone.
Today, the Ajman Media City Free Zone is an international hub for all media-related establishments, attracting businesses from around the world. It aims to be a place where media outlets can thrive, surrounded by creativity and the best talent that the world has to offer. Several businesses have set shop in the Ajman Media City Free Zone already, and yours could be the next.
Why Choose Ajman Media City Free Zone?
Ajman is the smallest emirate by land area in the United Arab Emirates, but in terms of population, it is the fourth largest after the emirates of Abu Dhabi, Dubai, and Sharjah. Despite its small size, it clocks an impressive GDP of more than $4.23 billion every year. The storage and communications industry is growing at a pace of 5.1% every year and is the second-fastest growing industry sector after social and personal services.
With the vision of His Highness Sheikh Humaid bin Rashid Al Nuaimi, this sector seems poised to become the fastest-growing industry, and there is no doubt that the Ajman Media City Free Zone will play a key role in the development plans of the emirate. Investments in Ajman are also growing at 5% per annum, and it is already home to several large companies.
The Ajman Free Zone, another free zone in the emirate, is already a major contributor to Ajman’s economy. The Ajman Media City Free Zone too aims to do the same. The Ajman Media City Free Zone is seeing interest from governments across the globe, and only recently did it meet with officials from the Ministry of Investment and International Cooperation, Arab Republic of Egypt; and sign an agreement with the Egyptian Media Production City Company for increased cooperation and collaboration in various areas of creativity.
More and more companies are setting up base in the Ajman Media City Free Zone, and the emirate is gearing up to the residential and lifestyle needs of investors, entrepreneurs, and their families. Ajman has become the first emirate in the United Arab Emirates to offer 100% freehold ownership of real estate to foreigners. Plans for a marina are already in place, and the Ajman One is a mixed-use community that combines the best of business and lifestyle.
Freezone Locations
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RAKEZ
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DMCC
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DIFC Free Zone
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Sharjah Media City
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Masdar City Free Zone
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SRTIP Free Zone
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Ajman Media City
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Sharjah Publishing City
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DWTC
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JAFZA
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IFZA DSO
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SAIF Zone
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Fujairah Creative City
- How it works
Advantages of Company Formation in Ajman Media City Free Zone
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Easy and simple company registration process that can be done online
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Not required to be physically present for company incorporation
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100% foreign ownership allowed
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No corporate or income taxes
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100% repatriation of capital and profits
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Business License issued in 24 hours
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Multiple business activities permitted under one Business License
List of Activities Permitted in Ajman Media City Free Zone
These are some of the business activities that can be undertaken in the Ajman Media City Free Zone
New Media: Digital Media, Video Production, Photography, Web Design
Music: Sound Recording, Audio Production, Copyright Management
Film: Audio-Visual Production, Post-production, Sound Mixing, Movie Promotion
Consultancy: Business, Human Resources, Legal
Publishing: Books, Periodicals, Journals, Magazines, Newspapers [Online and Print editions]
Event Management: Sports Management, International Conferences, Trade Expo
*This list is only indicative in nature and not comprehensive
Cost of Business Setup in Ajman Media City Free Zone
The cost of licensing depends on the type of business activity that is proposed to be undertaken, as well as the number of visas that are needed. The general rule of thumb is that the more the number of business activities, the higher will be the cost of the Trade License. Similarly, the more the number of visas required, the higher will be the cost.
Documents required for Company setup in Ajman Media City Free Zone
You can establish your company as a FZE or Free Zone Establishment, meaning there is only one business owner. Or a FZC or Free Zone Company in case there is more than one owner for the business establishment. Alternatively, you could also establish a company as a Branch of a Foreign Company or Branch of a GCC company, in which case another company – referred to as the parent company – would be the owner of the company incorporated in the Ajman Media City Free Zone.
- Completed Application Form
- Copy of Passport
- Two recent passport-sized photographs, showing the person against a white background
- Three company name options
- Proof of Residential Address in one’s Country of Residence
- Copy of Emirates ID, if already a resident of the UAE
- Copy of Visa, if already in the United Arab Emirates
These need to be submitted for each business owner. That is to say if there are two owners / partners in the company, then they would both have to submit the documentation specific to them. This is so that a separate investor visa can be issued to both business partners.
The Ajman Media City Free Zone Authority will then provide you with the following documents
- Memorandum of Incorporation for companies that have one business owner
- Memorandum of Association & Articles of Association for companies that have more than one business owner
- Share Certificate for companies that have more than one business owner
- Certificate of Incorporation
- Company Registration
- Chamber of Commerce Membership Certificate
- Lease Agreement
- Tenancy Contract
- Certificate of Good Standing
With these in hand, you can then proceed to open a corporate bank account for your company.
How to Get Ajman Media City Free Zone Visa
If you are not in the United Arab Emirates at the time of company incorporation*, then you need to submit the following documents to get an Entry Visa.
- Copy of Trade License
- Copy of Establishment Card
- Two passport-size photographs that meet the UAE’s visa photo requirements
- Three recent passport-size photographs, showing the person against a white background
- Educational Certificate duly attested by the UAE Consulate in one’s Country of Residence
*The process can be completed through your legal representative in the country, who has been duly authorized to do so through a Power of Attorney document signed by you.
Once you receive your Entry Visa, you can legally enter the United Arab Emirates, complete your medical fitness test at a government-approved health center in the United Arab Emirates, and upgrade to an investor visa.
The same process is to be followed for employees of the company as well.
In the United Arab Emirates, an Emirates ID is essential if you want to rent housing or apply for a driver’s license, in addition to applying for a telephone and/or internet connection. It serves as proof that you are a legal resident of the United Arab Emirates.
Liquidation of Ajman Media City Free Zone Company
At some times, companies may choose to cease operations, such as following the unfortunate death of the business owner or due to financial constraints. Or because the primary objective behind company formation has been met and there is no reason to continue with business operations anymore. In such cases, it is important that the company be formally liquidated, so that it officially ceases to exist.
The liquidation can be carried out by the owner or a legal representative who is empowered to do so through Power of Attorney.
All company documents issued by the Ajman Media City Free Zone must be returned to the Ajman Media City Free Zone Authority, and in case any documents have been irretrievably lost, a police complaint must be filed to this effect. The Ajman Media City Free Zone Authority charges AED 1,800 for company liquidation, and it takes about a month to be completed.
- All visas issued to the company stand cancelled
- The Establishment Card issued to the company by Ajman Media City Free Zone stands cancelled
- The Lease Agreement and Tenancy Contract stands terminated
- The Trade License of the company stands invalidated
- Any refundable deposits made will be duly returned
Why Choose an Expert for Company Setup in Ajman Free Zone?
At A&A Associate LLC, we have years of experience in business setup in uae. We have helped establish thousands of companies and can lend our expertise when it comes to company setup in Ajman free zone. We take pride in the fact that we have been of assistance to clients from 100 countries around the world. We have a client satisfaction rate of 98% so far, and the aim is to do even better. Every client matters to us, and we make it a point to listen to their dreams and aspirations. We take a special interest in helping them succeed.
For more details regarding company setup in Ajman free zone, please get in touch with us.
We Work Closely With All Government Agencies
We’re always on the same page with government agencies, working together to get the job done!
Frequently Asked Questions About Emna Capital
Here are some common questions we receive about our financial solutions
The UAE allows you to set up your business in the free zone, offshore or Business setup in mainland requires a local sponsor and the license is issued by DED. Free zone companies can operate within a limited geographical region and the license is issued by particular free zone authority.
Offshore businesses in UAE allow your company to trade outside UAE as well as take efforts to safeguard your wealth and assets. Offshore companies get a certificate of incorporation and not a trade license. All types of companies can be started in UAE and more than a thousand activities are allowed by the Economic Department.
If you want to renew your Dubai commercial license, the applicant should submit the DED registered certificate with the necessary approval from the Ministry of Economy and National Media Company. If you want to renew your Dubai trade license, then you should submit a valid Ejari certificate and other lease contracts.
Emna Capital supports entrepreneurs in obtaining their business license in Dubai and timely renewal of the same.
UAE is a perfectly located biggest market of the world. It serves as a perfect destination to invest in different kinds of business. The business owners are free from taxes and they can expect exceptional logistics in all the emirates. You don’t have any capital restrictions while starting your business. Financial freedom is an attractive point that brings in employees from foreign districts.
UAE has mind-blowing business opportunities; business setup Consultant in UAE can guide you through the entire company formation process!
Being a trustworthy and professional business consultant, we ensure fast and reliable business setup in free zones. Usually, it takes around 3 to 10 days to setup your free zone company; it may differ according to the selected free zone. We make sure that all your documents are legal and concerned authorities have attested them.
If you’re not consulting a business consultant, it will take up to few weeks and it’s becomes difficult to clear all the legal procedures. So, consider Emna Capital for your free zone business setup!
To establish your LLC Company in Dubai mainland or anywhere else in UAE, you have to reserve a trade name and other necessary preliminary approvals from concerned authorities. You get an MOA from the company and also, submit the lease contract to the licensing authority. Also, find a local partner and rented office space to start your business.
This depends on your needs, as well as the needs of your business. You could set up your company as a Sole Establishment (this is the same as a Sole Proprietorship), as a Limited Liability Partnership, a Limited Liability Company, a Private Limited Company, or a Professional Services Company.
You also have the option of setting up your company on the mainland, in a free zone (only limited liability company structures are permitted here), or offshore.
A physical presence is mandatory for companies established on the mainland and in free zones. However, an offshore company is not permitted to lease office space in the UAE.
The good news is that there is affordable office space for everyone. If you want to keep your initial costs down, you could look at renting an office or any number of dedicated desks in a co-working space on the mainland. These are all fully furnished and ready to move in. In a free zone, you need to rent at least a desk in a shared office space. The added advantage is the some free zones allow you rent a flexi-desk, that is a desk you will be using for say, ten hours in a week. You still get your dedicated PO Box so that you have a unique address.
To identify the best business setup consultants in Dubai, look for the following parameters:
Expertise: Professionals and industry experts can customize your experience according to your requirements.
Local Knowledge: Consultants who have worked with the local rules and regulations and made businesses thrive are the best to go after for your needs.
Quick & Effective: Fast setup with effective and comprehensive solutions make the process hassle-free.
Emna Capital is a superbrand known for the three parameters.