The Ajman Media City Free Zone (AMCFZ) has announced a range ofcustomer-friendly, cost-effective packages for potential business owners
including the landmark decision to abolish all security deposits
related to the visa process for new companies.
As a first step, the AMCFZ is entering strategic alliances with organisations in key markets such as India and Egypt.
The free zone has been developed as a customer-friendly zone, making
the emirate an international economic centre for investors and
businesses, in line with the “Ajman 2021” Vision.
the emirate an international economic centre for investors and
businesses, in line with the “Ajman 2021” Vision.
Speaking ahead of the official launch, Chairman Sheikh Abdul Aziz bin
Humaid Al Nuaimi said: “Globally, entrepreneurs and SMEs are widely
considered to be vital to national economies. We are committed to
supporting these 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.”
Humaid Al Nuaimi said: “Globally, entrepreneurs and SMEs are widely
considered to be vital to national economies. We are committed to
supporting these 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.”
“We want new business owners to receive significant cost advantage and
make it easier for them to set up a new business in the UAE. This
decision is one of the several advantages we offer to support the
creative, media and entertainment industry,” stated Sheikh Abdul.
make it easier for them to set up a new business in the UAE. This
decision is one of the several advantages we offer to support the
creative, media and entertainment industry,” stated Sheikh Abdul.
“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.
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.
Sheikh Abdul said AMCFZ functions as a facilitator and brings the
investors, innovators and talent together, into this ecosystem, as
innovation and entrepreneurship emerge and grow.
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 investor
who wishes to invest in the 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,”
he added.
who wishes to invest in the 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,”
he added.
Outlining recent developments and collaborations in the international
markets, Mahmoud Khalil Al Hashemi, the 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 has been signed with The Hindustan Times already and the
second MoU with the Times of India Group will be finalised soon.”
markets, Mahmoud Khalil Al Hashemi, the 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 has been 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, the AMCFZ will identify value
propositions, projects and events that can be localised for the UAE
market and be brought to Ajman,” said Al Hashemi.
propositions, projects and events that can be localised for the UAE
market and be brought to Ajman,” said Al Hashemi.
“Similarly, Egypt is a key market for the Ajman Media City, AMC, as the
country is a pioneer in the business of media and entertainment in the
Mena region, he added.
country is a pioneer in the business of media and entertainment in the
Mena region, he added.
Al Hashemi pointed out that over the next few months, the AMC will
engage with other key markets and organise a series of road shows and
business visits to strengthen ties with regional countries.
engage with other key markets and organise 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 and more significant role in bringing a substantial
economic boost to the UAE,” he added
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 and more significant role in bringing a substantial
economic boost to the UAE,” he added
