Ajman Media City Free Zone has announced a range of cost-effective packages for the potential business owners. Business packages now start only at AED 8500 per year. H E Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone said ahead of the official launch of the free zone: “Globally, entrepreneurs and small- and medium-sized enterprises (SMEs) are widely considered to be vital to national economies. We are committed to supporting the small and midsize business investors and offer easy and cost-effective services which will help this sector and also boost UAE’s rankings in the global business destination list.
AMCFZ is developed as a customer friendly, helping and making the emirate of Ajman an international economic centre for investors and businesses, in line with the “Ajman 2021” vision. The Chairman 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 the new business owners to receive a 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.” Another USP of AMCFZ is the culture to promote and ensure “ease of business” for every potential investor.
“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,” he added.
The Chairman further said: “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 and comfort to a new entrant or investors who wish to invest in UAE but who may not be familiar with the local laws, regulations and culture. The new business owners are supported by a highly trained and qualified customer service team to offer personalised service and further ease the process for investors.”
Ajman Media City Free Zone is entering into strategic alliances with organisations in key markets such as India and Egypt in the first phase. HE Mahmoud Khalil Al Hashemi, Executive Director of Ajman Media City Free Zone outlined recent development and collaborations in the international markets.
“In India, we have successfully created a long-term alliance with two of the largest media conglomerates, Times of India and Hindustan Times. A Memorandum of Understanding is signed with The Hindustan Times already and the second MoU with the Times of India group will be finalised 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.”
Similarly, Egypt is a very key market for AMC as the country is a pioneer in the business of media and entertainment in the MENA region. Very recently, a high-level delegation led by H E Mahmood Al Hashmi had visited Egyp and had met key government entities in Egypt and successfully signed a Memorandum of Understanding to boost mutual cooperation.
The first such MoU is signed with Media Public Free Zone, one of the oldest media free zones in the Middle East region, administered by an administrative body of the staff of the General Authority for Investment, Egypt.
Another significant partnership is signed with Egyptian Media Production City, one of the largest media free zone with several strategic advantages and services in Egypt. H E Mahmood Al Hashmi and the AMC delegation had a strategic meeting with Osama Heikhal, EMPC chairman and signed this MoU to promote cooperation between the two zones.
H E Mahmood Al Hashmi further added that over the next few months, AMC will engage with other key markets and organise a series of road shows and business visits to strengthen our ties with regional countries. He concluded that the free zone is receiving a very positive response from the key international markets already. The unique services offered by AMC will support the economic growth of Ajman and also enable the Emirates to play a bigger and more significant role in bringing a substantial economic boost to the UAE.