Dubai Media City
(DMC)

DMC Free zone Business Setup to transform Dubai into a place for practice and knowledge-based economy who like to invest money that why in the reflection of the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum ruler of Dubai and the Prime Minister of the UAE established DMC Free zone Business Setup in January 2000. DMC Free zone Business Setup as part of this vision to create an international environment for global and regional media companies as well as independent media professionals in the United Arab Emirates.

Dubai Media City is operated under the jurisdiction of Dubai Technology & Media Free Zone Authority and now renamed as Dubai Creative Clusters Authority and is managed by TECOM Investments. Dubai has put time and work to make a place that is dedicated to knowledge and life-improving industries with subsidiary of Dubai Holding and Dubai based company. Companies in Dubai Media City have been operating with collective including media, synergy, and marketing services, printing and music, publishing, film, new media, leisure and entertainment, broadcasting and information agencies. Dubai Media City offers a supportive platform for media-oriented companies to display their products and services and since its launch in 2000 and more than 1,400 companies have set up in Dubai.

Why You Need to DMC Free Zone Business Setup?

Dubai Media City provides a variety of business clusters for companies to start their operations along with its business-friendly environment, energetic networking atmosphere and top-notch logistic facilities to Dubai Media City companies.

1. Unique Environment
   Dubai Media City offers a unique collective environment where a work campus is dedicated to the businesses falling under a specific industry value chain so that they can interact and collaborate effectively towards a common business goal.

2. World Class Infrastructure
   DMC Free zone Business Setup Metro Ethernet environment, high-speed connection, latest technology, digital voice services, and community infrastructure at competitive rates to foster cluster growth.

3. Free Zone Status

• Freedom of 100% foreign ownership
• No currency restrictions
• No need for minimum capital investment
• 0% personal income tax and corporate tax for at least 50 years, which is renewable further
• No restriction on hiring foreign employees
• Total exemption on customs duties on import and/or re-export of goods and services

 

4. Business-Friendly Environment DMC Free zone Business Setup

• The nuisance free and simplified incorporation process
• Streamlined legal framework and business friendly company laws
• Single window operations for all government services like postal services, licensing, registration, visa, traffic, etc.
• Easy going immigration process and faster access to knowledge workers
• 24×7 hour visa service

The advantages of DMC Free zone Business Setup

• Advertising & Communication
• Event Management
• Event Support Services
• Business Information
• Freelancing
• Media and Marketing Service
• New Media
• Non-Profit Association
• Media Support Services
• Media Consultancy

Permissible Legal Entities In DMC Free Zone Business Setup

1. Free Zone Establishment

A business entity with one shareholder

2. Free Zone Company

A business entity with 2 to 5 shareholders

3. Branch of a Foreign Company

For an application of foreign nationality

4. Branch of a Local Company

To open a Branch of a local company you need to be a UAE citizen to apply for company setup

5. Freelancer

For a person wishing to dispense a certain service had to fall under freelance permit and under one’s own name

Licensing Options For Dubai Media City Companies DMC Free zone Business Setup

• Once you have decided on your business segment and type of legal entity you going to choose for your business idea.
• Business Information Services License
• Media Marketing Services License
• New Media Support Service License
• Consultancy and Retail License
• Event Leisure License

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Procedure Of Business Setup In Dubai Media City Free Zone

The Dubai Creative Cluster Authority is the main jurisdiction responsible for company registration DMC Free zone Business Setup and licensing in Dubai Media City is the company registration process might differ from company to company and it depends on the type of business you choose.

Free Zone Limited Liability Company

LLC company formation is the same as any other Free Zone in Dubai Media City whether you are an individual or a corporate person as a shareholder.

You need to follow 3 step procedure

Step 1: Application for company registration and submission of the following documents for approval to the DCCA

Step 2: Submit your necessary documents and pay the fees. The documents you need to require for LLC Formation

Step 3: The Final is to Sign and collect your license, certificates, lease, MOA and AOA

• Sign and collect the lease
• Sign and collect the Memorandum and Articles of Association
• Collect the license and Certificate of Incorporation

Branch of a Foreign Company

The steps for setting up the branch of a foreign company are the same as that for an FZ-LLC.

• Application for registration
• Trade license of the parent company issued by the Department of Economic Development
• Memorandum of Association and Articles of Association of the parent company
• Resolution for the establishment of the branch
• No Objection Certificate from the current UAE sponsor
• Registry Identification Code form for the manager

Branch of a UAE Company

To set up a branch of a company in UAE the procedure differs.

The steps are as follows:

Step 1: You need to submit an application regarding the license, type of business, and a copy of the UAE license. It should be noted here that companies that have been carrying out their business operations for at least 2 years will qualify for setting a branch.

Step 2: Submit the required documents, select a commercial space, and pay the requisite fee. The documents required here are the same as the ones mentioned for the branch of a foreign company.

Step 3: After the procedure is done you just need to sign all the necessary papers and collect your license.

Freelance Permit

A freelancer is a person who is self-employed and provides service to different companies or firms. A freelance permit allows a freelancer to carry out his or her DMC Free zone Business Setup professional activities without any hassle or government interruption. Procedure to get a freelance permit in Dubai Media City:

Step 1: Submit

An application form for a license

Business plan

Valid passport copy

Personal reference letters (minimum 3 people)

A sample of work or portfolio

These procedures are done by the DCCA you need to submit your documents and get a license from them.

Step 2: Submit the undermentioned documents then select suitable commercial space and then pay the required fee.

Application for registration

One CV

Bank reference letter

Registry Identification Code form

Step 3: The final step is to sign the agreement and collect your freelance permit.

Documents Required

• Detailed business plan
• Details of key controllers, major shareholders having above 5% shares, and key staff certificate confirming the company’s ability to conduct business
• Proposed applicants’ organizational chart
• Detailed information on operating systems and controls
• Company processes on internal audits and compliance systems
• Audited account report for shareholders of the last 3 years
• Anti-money laundering completed application form
• If the applicant is a branch, company financial position, and regulatory history profile

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SETTING UP IN DUBAI MEDIA CITY

Business setup in Dubai is a standard-setting that approximately all investors want when they go into the country. And for some time now, company setup in Dubai has been widespread. As a Dubai free zone authority, the TECOM free zone always helps the UAE economy when it comes to drawing investors to carry out business formation in Dubai.

Dubai Media City companies relishes a variety of Dubai free zone benefits. For one, Dubai’s free zone company formation asking price can be considered as one of its benefits. So let’s discuss some of the facts to guide you on whether setting up in Dubai Media City is the profitable option for investors.

Flexi-desk Choice:  Visas are always going to be a concern when forming a company in Dubai, and as Dubai Media City delivers on this cause of concern and its Flexi-desk visa choice are not the most kind in the region. Permitting one visa for every Flexi-desk package makes the free zone perfect for freelancers and entrepreneurs. This gives them the liberty to make use of DMC’s numerous business facilities on an ad-hoc basis. However, it is not the most preferred choice for individuals intending to employ others. Looking at the price at around AED 25,000 is a bit high compared to others in the region.

No Requirement For Office Space: For those who intend to work even more comfortably than a Flexi-desk, DMC permits investors to set up a business without the requirement of office space at all. Also allowing to utilize the free zone as your registered company’s address, as well as accessing Dubai Media City’s Business Centre which gives visa and document processing, distribution, and mail collection, and gives right to use the meeting rooms along with a large variety of services.

Though, there are exceptions. Businesses that operate in certain industries, for example, publishing or other related activities have to retain physical office space to set up in the free zone. If you fall into such kind of business or require additional permanent office space, there are a lot of choices offered such as DMC’s commercial office units offered in sizes to meet everyone from sole capitalist to international corporations.

Registration Process: Company formation in Dubai should not be taken for granted. The Dubai Media City company formation procedure is both flexible and systematic enough to guarantee everything is in exact order once the business is started. DMC needs certain documentation to process license applications, as well as passport copies, incorporation certificate,s and a thorough business plan. It is certainly not strange for shareholders to attend a short conference with free zone officials. The entire registration process generally takes about three months. The process and timeframe may vary depending on the kind of license you are applying for, the trade you carry, and the business size.

The Ultimate Hub For Media Industry: Dubai Media City is predominantly eye-catching for those in media-related industries. DMC is the hub for media-related industry professionals of over 20,000 individuals and filled with networking and shared opportunities. The free zone also provides an esteemed office address and location for those desiring to make an impact in the global media industry.

Industries allowed to set up in DMC consist of media, media freelancers, marketing and advertising, communications, consultancy, event management, and non-profit organizations. Lastly, in contrast to many other free zones in the area, DMC-based media companies are, in some situations, permissible to carry on government contracts.

Straightforward Process To Attain Your Corporate Bank Account Set up: Company formation in Dubai, like elsewhere in the world provides you an extensive list of ‘to-dos’. One of the most imperative is making sure you have someplace for your customers to send funds. DMC makes setting up your bank account simple: free zone staff can not only inform you on the top bank to suit your requirements but they also organize meetings for you with your selected banks if required. In addition to the above mentioned, Dubai Media City is regarded by UAE banks as the most reliable which can support a smooth account opening process.

Trouble-free Process To Sponsor Dependents: Acquiring a visa through Dubai Media City is typically simple for both you and your dependents. As long as you meet certain criteria, it is probable to apply for visas for your employees and dependents. The process contains entry permit, medical fitness test, status adjustment, Emirates ID registration, and visa stamping. But it is always recommended to seek advice from an expert in setting up UAE free zone businesses. They will guide you on the entry criteria for staff and dependents before you begin to fill an application.

Set up With Several Shareholders: One feature that makes Dubai Media City mainly admired by big corporations is that it permits the formation of a company with more than one shareholder. Newly formed Free Zone Limited Liability Companies (FZ-LLCs) are permissible to commence business multiple shareholders which can be with individuals or other corporate entities.

Key Location: Dubai Media City situated at a prime location in Dubai free zones. It is around 20 minutes away from Dubai International Airport and has wide-ranging road links putting bordering emirates within easy access, DMC is ideal for conducting business both in Dubai and internationally.

DMC is located in the Middle East, Africa, and South Asia’s junction which makes it easily accessible. Dubai Media City is a worldwide media hub. DMC provides shareholders with facilities that meet the required needs of media-related companies so they can function effectively.

 Complete Foreign Possession: In the UAE mainland, free zone company arrangement can only be conducted with a local supporter. This person will acquire 51% of the shares in the company that you will form. Though, establishing a free zone company has the benefit of having 100% ownership of your own company. A local sponsor will not be required in a free zone.

Tax Immunity
Value-added tax (VAT) has been put into practice at the beginning of 2018. It is applicable to some products and services. There is still a wide range of benefits for business owners who want to spend. Though, the government has not administered the companies to account for corporate and income taxes. There are multiple businessmen seeking this kind of tax exemption and this free zone has this benefit to offer.

There are many other benefits that Dubai free zone company registration can offer to you when you start the business. The following benefits are listed as follow:

• High-tech teleport, uplink, and play-out
• Swift broadband and telecommunication access
• Facilities related Production, post-production, and studios
• Expansion opportunities
• Complete repatriation of profits and capital
• Customs duty exemptions for goods and services
• An exceptional environment that lets businesses network and collaborates effectively with other industries
• Top-notch infrastructure to aid the growth of the cluster
• Easy process of incorporating business
• Company laws and legal framework are industry-friendly as well as stress-free
• Offers business partners with a wide range of government services, including licensing, visa, traffic, and postal services
• Round the clock visa service
• The immigration process is fast-track
• Networking opportunities are immense

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