Dubai Media City Free Zone (DMC) was established in 2000 by governmental decree and it is a regional network for media companies. There are over 1,300 companies established in the DMC Free Zone currently. The Dubai Media City Free Zone legislation is provisioned by an independent entity called Dubai Technology and Media Free Zone Authority (DTMFZA) that enables companies to conduct business activities in a premium environment based on international standards.
Dubai Media City (DMC) is operated under the jurisdiction of Dubai Technology & Media Free Zone Authority (DTMFZA), now renamed as Dubai Creative Clusters Authority (DCCA) and is managed by TECOM Investments, a Dubai based company and a subsidiary of Dubai Holding, which is dedicated towards knowledge and life-improving industries. Companies of every kind in Dubai Media City have been operating with collective synergy, including media and marketing services, printing and publishing, music, film, new media, leisure and entertainment, broadcasting and information agencies.
Types of companies in the Dubai Media City Free Zone
The Dubai Media City Free Zone offers three types of company formation: free zone limited liability companies, branch offices, and freelancing permits.
Why Dubai Media City for Business Setup?
1. Unique Cluster 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
Dubai Media City offers Metro Ethernet environment, high-speed data, digital voice services, latest technology, and community infrastructure at competitive rates to foster cluster growth.
3. Free Zone Status
4. Business-Friendly Environment
The hassle-free and simplified incorporation process streamlined legal framework and business-friendly company laws24-hour visa service single-window operations for all government services like postal services, licensing, registration, visa, traffic, etc. Faster immigration process and rapid access to knowledge workers.
Documents required to open a company in Dubai Media City
The following documents are required if the shareholder is a private person:
– a business license application form;
– the applicant’s passport;
– the managers’ passports;
– the director’s passport;
– a proposed business plan;
– information about the legal representative.
Types of Permissible Legal Entities in Dubai Media City
An individual or corporate can register their business in this Dubai Free Zone as one of the following legal entities:
1. Free Zone Establishment (FZE or FZ-LLC)
A business entity with one shareholder
2. Free Zone Company (FZC/FZCO)
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
For a UAE registered a corporate person to apply for company setup
For a person wishing to dispense a certain service, falling under freelance permit, under one’s own name
Benefits of incorporating a company in Dubai Media City Free Zone
Companies conducting business activities in the DMC benefit from:
– full foreign ownership;
– 100% full exemption from taxes on profits and capital gains repatriation;
– 50 years tax-free on personal and corporate incomes;
– tax-free custom duties;
– quick and simple registration procedures;
– transparent company regulations;
– non-stop residence and work permits services.