Company registration in Ajman Media City - YB Case 2024

Company registration in Ajman Media City

Ajman Media City

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Choosing the right place is a crucial step towards achieving success and sustainable growth. Among the many spots that open the door to the eastern horizons of opportunity, the United Arab Emirates is a highly promising choice. This country, where modern comforts are intertwined with tradition and culture, is gaining attention from everywhere.

General information

That’s an innovative and specialised free zone in the UAE, created to foster creativity, media, technology and business. It is located in the Emirate of Ajman and was launched to attract both local and non-resident entrepreneurs.

The zone began operating in 2018 and has since provided businessmen with a variety of benefits, including reduced tax rates, no property restrictions, a fast application process and other support services. The free zone also provides entrepreneurs with access to high-tech infrastructure, research institutes, talented professionals and partner networks, which creates the conditions for rapid growth and success.

Thanks to its strategic location in the United Arab Emirates, Ajman Media City also provides access to the Middle East's large market and opportunities for international cooperation.

Company types

Ajman Media City offers several types of companies, each of which has its own characteristics and is suitable for different types of activities. Here are some of them:

  1. Free Zone Establishment (FZE):
    1. An FZE is a company with a single owner, which can be owned by a natural or legal person.
    2. No minimum capital is required.
    3. 100% foreign ownership is allowed.
    4. One director and one shareholder.
    5. No restrictions on the nationality of the shareholder or director.
  2. Free Zone Company (FZC):
    1. FZC is a multi-owner company that can have from 2 to 5 shareholders.
    2. No minimum capital is required.
    3. 100% foreign ownership is allowed.
    4. One or more directors, including one CEO.
    5. No restrictions on the nationality of shareholders or directors.
  3. Branch of a Foreign Company (BFC):
    1. A licence is required from the source of the subsidiary.
    2. Possibility of 100% foreign ownership.
    3. A licenced company can be run by an organisation from any country.
  4. Branch of a Local Company (BLC):
    1. A Branch of a Local Company (BLC) represents an extension of a business that is formally registered within the United Arab Emirates.
    2. A licence is required from the source of the subsidiary.
    3. Possibility of 100% foreign ownership.
    4. A company with a licence can be managed by an organisation from any emirate.
These different company types provide entrepreneurs with the opportunity to choose the best option for their business in Ajman Media City. The minimum organisational requirements ensure a fast and efficient registration process, allowing entrepreneurs to quickly start their operations in this promising free zone.

Step-by-step instructions for setting up a company

The process can be complicated, especially if you are new to the country or simply not familiar with its laws and requirements. We will provide a guide to help you understand the key aspects. But for full support and to avoid problems, we recommend using the services of our specialists. So here's what awaits you:

Step 1: Selecting a Business Type
Define the scope of your company's activities by choosing from the various types of business licences available in Ajman Media City. Choose the one that best suits your goals, plans and capabilities.
Step 2: Planning
Create a detailed business plan that covers the main aspects of your business, such as goals, strategies, financial plans, and forecasts. This will help you better understand your needs.
Step 3: Choose a business name
Choose a unique and distinctive name for your company that reflects its character and activities. Check if the name is available for registration to avoid infringing on the rights of others.
Step 4: Filling in the Application Form
Fill out the required application. Provide all the necessary details, such as the title, type of activity, ownership and other information.
Step 5: Gather and prepare documents
Gather the necessary documents for registration, such as copies of passports of the company owners, financial documents and any other required papers.
Step 6: Submission of Documents
Submit all the necessary documents and applications to the official authorities of the zone. You can do this online or in person, following the specified requirements and steps.
Step 7: Waiting for the Results
Wait for a response from the administrative authorities. After your application is checked and approved, you will receive a confirmation and the necessary documents.
Step 8: Payment
Pay the required registration and licence fees according to the instructions provided. Make sure that all financial details are correct.
Step 9: Obtaining the Licence
After successful payment and verification of all documents, you will be issued an official Ajman Media City business licence.
Step 10: Starting your business
Once you have concluded all essential formalities, you are prepared to initiate your business operations. Establish your workspace, commence activities, and execute your business strategies.

Ajman Media City tax system

You’ll get certain financial advantages. Within this free zone, no income taxes, dividend taxes, or personal taxes are applicable. This allows you to focus on business development and investments, minimising your financial burden.

Required documents

For your convenience, we have compiled all the required documents in the table. Check them out below.

Document Package Elements

FZE / FZC

Branch of Foreign Company

Application for Registration

Yes

Yes

Copy of Owner's Passport

Yes

Yes

Copy of Ownership Certificate

Yes (for legal entities)

Yes

Surety Documents

Yes (if required)

Yes (if required)

Copy of Owner's Licence

Yes (if available)

Yes (if available)

Director's Authorization

Yes

Yes

Company’s Memorandum

Yes

Yes

Business Plan

Yes

Yes

Lease Agreement

Yes

Yes

Advantages for entrepreneurs

Here are some of the key benefits:

  • Full Ownership: Business owners are free to possess their company entirely, without a local sponsor.
  • Fast Registration: A fast and efficient company registration process awaits you, helping you to start as soon as possible.
  • Different Licences: Permits cover various sectors such as media, technology, design, advertising, film and more.
  • Facilities and Assistance: The free zone offers contemporary facilities such as office areas, laboratories, and various forms of support services.
  • Scalability: Entrepreneurs can expand their operations with the support and advice of the free zone.
  • Zero Export and Import Restrictions: Ajman Media City does not impose restrictions on the transportation of goods and services, which facilitates easy international business.

Conclusion

With the vast prospects offered, you have excellent opportunities for successful development. With our consulting support, you can be sure that the entire registration process and development will be completed without any difficulties. After a successful start, you will be able to enjoy the results and expand your company even more.
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