Dubai Media City
Founded in the year 2000, DMC is purposefully situated at the crossroads of the Middle East, South Asia, and Africa. With its authorized launch in 2001, Dubai Media City has become the provincial centre for various media companies. The cohesive infrastructure of DMC makes it one of the most productive grounds for the expansion of media industries.
Dubai Media City is a well-settled community where SMEs, large companies, start-ups, and freelancers co-exist. Being the reflection of High Highness Sheikh Mohammed Bin Rashid Al Maktoum, DMC is well-designed to be the headquarters for local and global media houses.
Functioned under Dubai Technology and Media Free Zone Consultant, DMC acts as a business-friendly sector, thus attracting many investors for company formation in Dubai free zone every year. In the first commercial district, there are nearly 1500 companies, including publishing, digital, and electronic media sectors. DMC is an ideal home to the workplaces of ITP Media Group, MBC, Forbes, CNN, Sony, Thomson Reuters, BBC, and many more.
Advantages of establishing a business in Dubai Media City
- Full return of capital plus profits
- 0% tax on personal and import duty
- No corporate tax-rate for 50 years
- Discharge from customs duty for services and goods
- 100% foreign investment
- World-class infrastructure
- 24-hour availability of visa service
- Hassle-free legal framework and company laws
- Simplified process of incorporating business
- Advanced networking opportunities
- Cluster environment of working
- 0 restrictions on currency
- Speedy access to knowledge workers
- Fast-track immigration procedure
DMC Free Zone is a part of TECOM Group and houses more than 1300 free zone companies in Dubai. The authorization of all kind of media business allows the investors to conduct a business set-up in Dubai Media City.
Types of allowable legal entities in Dubai Media City
- FZE or FZ-LLC (Free Zone Establishment)- A business unit having one shareholder.
- FZC or FZCO (Free Zone Company)- A business unit with 2-5 shareholders.
- Branch of a Foreign Company- Applicable for foreign nationality.
- Branch of a Local Company– UAE registered corporations to set-up a company in DMC.
- Freelancer: Any person who wishes to distribute a particular service falls under a freelance license.
Dubai Media City has structured media business centres to inspire entrepreneurship and talent in the region. The promotion of unique facilities is directed at independent media professionals plus freelancers. The enterprises find DMC a perfect base for structuring relationships with the media industry.
Types of business licenses available in Dubai Media City
- Business and Information Services: Validates your company as a legal entity
- Consultancy and Retail License: Assists in managing clients
- Media and marketing services License: To start marketing consultancy or advertising business related to media
- Event and Leisure License: For conducting an event in Dubai
- New Media and Media Support License: It gives permit for broadcasting, and conducting media related activities here
- Business Licensing Services: To start the trading business
As a foreigner, it might sound very confusing and we at nasiha makes it easier for you. We understand all the legal requirements for setting up a company in Dubai free zone. Our team of experts will handle all the steps required in company formation in Dubai Media city while you work on things that are important to execute business here.
AZIZ
DIRECTOR OF COMPLIANCE AT TABARAK INVESTMENT BANK
Tabarak had the pleasure and professionalism to receive services provided by Nasiha. Very professional, great experience and highly recommended.