Business Setup in Dubai Media City - DMC Free Zone - The launching of Dubai Media City (DMC) in the year 2001 was a brave initiate to position Dubai as the leading media hub of the region and the world at large. At present, there are more than 2000 regional and international media companies belonging to segments like print media, online media, advertising, broadcasting, news agencies and production houses are functioning from DMC Free Zone. The ultra-modern infrastructure and networking opportunities offered by DMC to investors are unique and acts as a fuel for growth.
Dubai Media City (DMC) is owned by the TECOM Group and managed by Dubai Creative Clusters Authority (DCCA). The licensing and registration of companies in Dubai Media City is handled by DCCA. The broadcasting & telecommunication facilities, pre & post production facilities, networking and growth opportunities and business friendly environment makes Dubai Media City (DMC) an ideal hub for Publishing, TV, Radio, Music, Electronic Media, Print Media and Media Support Companies.
Advantages of starting a company in Dubai Media City – DMC Free Zone
In addition to the synergy derived from the existence of a media business value chain, establishing a business in DMC will also offer 100% foreign ownership, 100% exemption from corporate and personal income tax, no restrictions of capital and profit repatriation and simple and easy procedures for starting business. All these advantages makes DMC an ideal Free Zone for starting your business in Dubai and UAE.
Legal structures allowed in Dubai Media City (DMC) Free Zone
For starting a business in Dubai Media City, investors have to obtain the license and registration from the regulatory authority of the Free Zone – Dubai Creative Clusters Authority (DCCA). First of all, you have to decide the legal form of the proposed business. It depends on the ownership preference, shareholding pattern etc.
DCCA allows the following legal structures for starting a business in Dubai Media City:
Free Zone LLC – this is a limited liability company setup in the free zone. The shareholders can be individuals or corporates. The minimum capital requirements for registering a Free Zone LLC depends on the business activity selected by you.
A limited liability company in the free zone (FZ-LLC) can be fully owned by an individual shareholder or by a corporate entity like a company.
Both a natural person (individual) and an artificial juridical person (company) can collectively own a Free Zone LLC.
Branch of a UAE Company or Establishment – a company or establishment registered in UAE can open a branch in Dubai Media City. The parent company or establishment will be the 100% owner of the branch. No share capital is required to setup a branch in Dubai Media City. The branch can engage in all or any of the activities of the parent company or establishment.
Branch of a Foreign Company – a company registered outside UAE can also start a branch in Dubai Media City (DMC). In this case also, al the conditions as specified above are applicable.
Freelance Permit – allows a specified professional to operate as a sole practitioner in own birth name. Freelance Permit in Dubai Media City are allowed only to selected activities.
Facilities available in Dubai Media City for starting business
Dubai Media City (DMC) is a well-developed community keeping in mind the requirements of media professionals and media industry. It offers the following facilities, to name a few:
Commercial Space – office units in a wide range (area and facility) to choose from, according to individual business needs. Different types of office solutions are available for all kinds of media businesses like freelancers, SMEs and Multinationals. Irrespective of the size of your company and office space selected, DMS ensures all required facilities to connect with the rest of the word.
Boutique Villas – semi-furnished villas suitable for setting up a unique office according to your requirements. Balconies, gardens, ground car parking and many other facilities available in the villas make it an ideal place to setup your creative office.
Business Centers – it offers fully furnished and serviced business units suitable for media professionals, freelancers and SMEs. There are many cost effective office solutions available in DMC business centers.
Innovation Hub – setup in the DIC, it offers all the facilities to start an innovation and knowledge driven business.
in5 – an integrated innovation platform established in 2013 to promote innovation in technology. Now in5 also accommodates Design and Media industries.
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Mr. Baiju Masoodu is a Free Zone Business Set-up Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a Free Zone Company in Dubai Media City and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: email@example.com