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From the past couple of years, we have seen a rise in the business set up in the United Arab Emirates. Many business person and entrepreneurs around the globe flock here to do business. One of the main reason for this rise in the business economy is the country’s free zone. A quick scan of the key benefits of the UAE free zone makes it the first choice for foreign investors. The benefits they get are sometimes even better than their parent company. No corporation or personal tax, 100% repatriation of capital, no currency restrictions, 100% import and export tax exemption, the list goes on and on. Moreover, these are just the highlighted benefits. You may find some unique business advantages in every free zone situated in Dubai. Without a doubt, I can say that its a perfect place to start a business organization.
A part of this free zone is Dubai Media City. As the name suggests, Dubai Media City was created to support the field of generalist and media industry. It has everything related to Advertising, Communication, Media center, Publishing, Research, and Music. If you’re looking to expand your business or completely start a new one from scratch then Dubai Media City can provide you with benefits that any other Media city cannot offer.
Dubai Media City was established in 2000, under the supervision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, ruler and Prime Minister of the United Arab Emirates. The main objective of Dubai Media City is to create a world-class environment for the regional and global media industry as well as independent media companies. The Supervision of Dubai Media City is now under the jurisdiction of Dubai Creative Cluster Authority and managed by TECOM. Dubai Media City offers a great platform for media-based companies to display their services and products, therefore, since its launch, more than 1400 companies are registered in the free zone including media giants like CNN, Forbes, CNBC, Reuters, Sony, MBC, Bertelsmann, BBC, and many others. Dubai Media City also promotes talent and entrepreneurship to target our freelancers and facilitate them as media professionals.
To set up your business activity in Dubai Media City, these business segments fall under the jurisdiction of the free zone.
Dubai Creative Cluster Authority (DCCA) is responsible for the company registration and licensing process. The registration process is different for each type of business entity. Foreign investors interested in business setup in Dubai Media City can register like the following companies:
A business entity with one shareholder can be registered as a Free Zone Establishment. In can of 2 to 5 shareholders, Free Zone Company is established.
A business entity can open a branch as a foreign or UAE based registered company.
Under one’s own name, a person can work as an individual and start its own business organization.
The minimum capital of Free Zone Companies is 50,000 AED, which must be deposited to the relevant authority/incorporation. A deposit of 2,500,000 AED has required if your company is operation under Radio-broadcasting and TV cluster.
Once you have decided your business activity and type of legal entity, now is the type to choose a business license. Here are some business licenses that you can opt:
In the case of Free Zone Company/Establishment, the following documents are required:
In the case of Branch Local/Foreign Company, the following documents are required:
In the case of Freelance permit, the following documents are required:
Submit the application form and the required documentation to the specified authority. Documents may vary for each business license. Now select a commercial space for your office and pay the required fee. When all the above is complete, the authority will issue you, your business license upon which you can start your business activities in Dubai Media City Free Zone.
Dubai Media City provides great opportunities for companies along with energetic networking atmosphere, business-friendly environment, and state of the art logistic facilities. It is considered as an ideal media hub because of its unique cluster environment, World-class infrastructure, Free Zone Status and Streamlined framework.
So you’re ready to start your business organization in Dubai Media City- What Next? Now there are some complex steps that need to be performed under the supervision of an experienced consultant. The one who manages all your legal framework of your business and let you focus on running your business.
Setup Dubai Business is providing media companies of all sizes, an easy company formation, and services in Dubai Media City. We offer value-added services that symbolize innovation, dynamism, and transparency. Our company formation logistic infrastructure will not put a burden on your shoulder, while you run a successful company in Dubai. If you have any query regarding our services and company formation in DMC then send us a quick inquiry. Drop in your details and our representative will call you back.
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