A brand-new investment destination in the Emirate of Ajman, the Ajman Media City Free Zone, is attracting businesses from the media and entertainment industry around the world with a wide range of customer-friendly features and offers.
The AMCFZ has been formed with an aim to create a space for individual entrepreneurs and businesses, in one of the newest free zones in the UAE, to match their professional aspirations. Strategically placed in the UAE, the Emirate of Ajman is just 10 and 35 kilometres from Sharjah and Dubai, respectively.
“The Free Zone provides robust infrastructure in terms of internet connectivity and there are no corporate or personal income tax. Companies can use the Free Zone as a gateway to the Gulf Cooperation Council Countries”, said His Excellency, Sheikh Mahmood Al Hashmi, CEO, AMCFZ, during an interaction with Indian Business Review, in Chennai.
Some of the features of the AMCFZ include zero taxation and customs duty, an extremely fast and simple registration process, having the option of setting up a business without having to issue a visa, being a issued a business licence in a matter of hours and having multiple businesses under one licence.
Mr Al Hashmi also stated that India is UAE’s biggest trading partner with 25 US Billion dollars and that UAE was India’s third largest trading product.
While interacting with the Indian Business Review, Mr Rishi Somaiya, Commercial Advisor, AMCFZ, stated that, “We are committed to support the small and medium sized enterprises and investors, by offering easy and cost-effective services.”
According to Mr Somaiya, there are four types of companies that would be set up at the Free Zone, namely, Free Zone Establishment (FZE), Free Zone Company (FZC), Branch of a Local Company and Branch of a Foreign Company (BFC).
The AMCFZ has been developed as a customer-friendly zone, making the emirate of Ajman an international economic centre for investors and businesses, in line with the “Ajman 2021” Vision.
The senior delegation led by Mr Al Hashmi interacted with various businesses and potential investors in the business community in Chennai during the roadshow. Mr Jawahar Vadivelu, a leading industrialist from Chennai was present as the chief guest, for the event.
Ajman Media City Free zone License packages
|Packages Name||License Type||Premises||Visa Eligibility||Cost (In AED)|
|Business Club Package||Commercial Trading / Service||Desk for 10hrs per month||Nil||AED 8,500|
|Bronze Package||Commercial Trading / Service||Dedicated Shared Desk Space||1 Visa||AED 11,500|
|Silver Package||Commercial Trading / Service||Dedicated Shared Desk Space||2 visa||AED 14,500|
|Gold Package||Commercial Trading / Service||Dedicated Office starting from 12 sq.m||5 visa||AED 25,500|