Business setup Ajman media city is easy to own and provides an opportunity to work in a challenging and competitive environment. The benefits provided by UAE to the businesses operating in Ajman media city company setup are fascinating as they are looking forward to promoting the investment in the media sector in their country.
Ajman Media City
The processes involved in starting an onshore business outside our own country at times are so tiring and difficult that they take a lot of time to even get started. But Ajman media city has provided the people with easier access to the zone with stepwise guidance of the essential processes and easy issuance of visas and permission letters. The documentation is completed within a few days. Ajman media city being a free zone has the opportunity for the entrepreneurs to own their businesses completely and have a complete autonomy over the working of their own setups. The problems of finding sponsors and sharing your company are eliminated and hence your ideas and intellectual property is completely owned by you. So if you are interested in investing your money in media industry and have some good ideas and target endeavors and want to give your business a kick start, Ajman media city is the answer you have been looking for.
Mission
It aims to provide a satisfaction to its entrepreneurs and to develop a customer-friendly zone. After the launch of AMCFZ, Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of AMCFZ said: “Globally, entrepreneurs, small and medium sized enterprises, SMEs, are widely considered to be vital in national economies. We are committed to support the small and mid size business investors and offering easy and cost-effective services, which will help this sector and also boost the UAE’s rankings in the global business destination list.” It has been developed since it is launched and making Ajman an international economic center for investors and businesses.
Why AMCFZ:
As it offers 100% fulfillment and customer-friendly zone for entrepreneurs so, it has been the most reliable free zone for its customers. It also includes:
Premeditated Partnership in Key International Markets:
Keeping in view the recent developments and partnerships in the international markets, Mahmoud Khalil Al Hashemi, Executive Director of the AMCFZ said: “In India, we have successfully created long-term alliances with two of the largest media conglomerates, The Times of India and Hindustan Times. A MoU with the Times of India Group will be finalized soon. As part of the collaboration, AMCFZ will identify value propositions, projects and events that can be localized for the UAE market and be brought to Ajman.” Correspondingly, Egypt is a key market for Ajman Media city, AMC, as the country s a pioneer in the business of media and entertainment in the MENA region. Al Hashemi added: “Over the next few months, the AMC will engage with the other key markets and organize a series of road shows and business visits to strengthen ties with regional countries. The Free Zone is receiving a very positive response from the key international markets already. The unique services offered by the AMC will support the economic growth of Ajman and also enable the Emirate to play a bigger role in bringing substantial economic boost to UAE.”
No deposit command proffers big enticement to new business owners:
The Chairman of AMCFZ announced a landmark decision to abolish all the security deposits related to visa process for new companies which set-up their base in Ajman Media City Free Zone. He said: “We want new business owners to receive significant cost advantage and make it easier for them to set up a new business in UAE. This decision is one of the several advantages we offer to support the creative, media and entertainment industry. We have identified key issues a potential investor faces when setting up a new business such as the cost of doing business, set-up costs, the regulatory requirements and their expectations such as the availability of a long-term sustainable framework, which allows them to set up, operate and function with ease. We function as a facilitator and bring the investors, innovators and talent together, into this ecosystem, as innovation and entrepreneurship emerge and grow. This framework gives support to a new entrant or investor who wishes to invest in the UAE but who may not be familiar with the local laws, regulations and culture.”
Features of AMCFZ:
o Client’s presence is not required.
o Have 100 % possession of your business.
o License issued in 24 hours.
o Multiple business activities in one license
o No corporate or personal income tax
o Quick and simple registration process
o Option of setting up your business without having to issue a visa
o 100% repatriation of capital and profits
o Documents will be prepared and sent to clients
o All documents will be signed and returned electronically(via E-mail) along with payment
AMCFZ’s Deliverables:
o Certificate of Incorporation (COI)
o License (one with name of the company, activity, date of formation and expiry date and the other one with full details of the owners shareholders, manager, location and information provided in license one.)
o Commercial Registration
o Memorandum of Incorporation if it’s a FZE and Memorandum and articled if its FZC
o Share certificate for both FZE and FZC
o Lease Agreement
o Chamber of Commerce Certificate
o Good standing certificate
o Certificate of Incumbency
o Salary Certificate
o Introduction letter to bank
