Established in 2000 by the government Dubai Media City Free Zone (DMC) is a regional hub for media companies from around the world. Currently there are over 2000 companies established in the DMC Free Zone. Dubai Media center has become a regional center for Media companies such as publishing, online media, advertising agencies, production houses, news groups and broadcast facilities. Dubai Media City (DMC) operates under the authority of Dubai Technology & Media Free Zone (DTMFZ). DMC is home to many international media and entertainment companies like CNN, CBS, Showtime and many regional media companies.
Dubai Media City dedicated to provide facilitation and promotion of the advertising and media industries and to provide such an environment which enables industry players and network to collaborate and operate freely with other businesses to get the advantage of the benefits provided by free zones.
Dubai Media City Company formation
Dubai Technology and Media Free Zone Authority (DTMFZA) issue license In DMC. Commercial licenses for free zone limited liability companies (FZ LLC), branch offices and for freelancer’s license are issued. Licenses are issued by the Registration and Licensing Department within the DTMFZA. Licenses issues have one-year validity and can be renewed yearly.
If a company changes its name, its status from branch office to limited liability Company, if any, address or business activity or management changes appear DMC commercial license can also be revised. Also if share transfer or capital reductions or injections appear, they all must be mentioned in the license. Mergers are also allowed between companies in the DMC. Annulment of license is also permitted in DMC.
Types of companies in the Dubai Media City Free Zone
Three types of companies can be formed in Dubai Media City Free Zone:
Free zone limited liability companies
Free zone limited liability company (FZ-LLC): it is the most common type of company in DMC and is require following steps for incorporation
First setup is to file an application for company incorporation,
The second step will be to submit all the documents with the DTMFZAand in response to that they will send a customer confirmation letter (CCL);
After CCL has been received, it must be signed and returned to the DTMFZAwith the payment and licensing fee and property lease contract, if there is any.
License will be issue once all these steps have been completed.
Branch office in Dubai Media city is not separate legal entity but an extension to its parent company that can be national or foreign. The process of incorporation of a branch office is same as the process for Free Zone Limited Liability Company.
In order for freelancers to conduct commercial activities in Dubai Media city free zone they must also obtain license. To obtain a freelancer license one must file the require documents which include his/her copy of passport with the application form, a business plan to Dubai Technology and Media city free zone authority.
Documents required for company formation in Dubai Media City
For business setup in DMC If the shareholder is a private person following documents needed
Business license application form
Passport of Applicant
Passport of Manager
Passport of Director
Legal representative Information
For business setup in DMC if company to be registered has a corporate shareholder following documents needed
Business license application form
Certificate of incorporation of company
Managers, directors and legal representative information/details
Benefits of company formation in the Dubai Media City Free Zone
Company formation in Dubai media city free zone will allow you to have full foreign ownership;
Business setup in DMC will allow you to get benefits of 100% exemption from taxes on profits and capital gains
Company formation in DMC will benefit you with 50 years tax-free on personal and corporate incomes.
Dubai media city free zone Company formation will benefit you with tax-free custom duties.
Process of company formation and registration in DMC is quick and simple
Transparent company regulations
Business setup in DMC will allow you to have Non-stop residence and work permits
Facilities at Dubai Media City Free Zone and their Features
Business setup in Dubai media city free zone provides large number of facilities which attract investors and media giants from around the world. Some of the facilities and their features are:
DMC Media Business Centre
Car parking system
Business setup in DMC will provide you with the facility of business centers which are fully serviced and equipped offices with Professional business environment. It also has the Meeting / conference room facilities, dedicated administrative staff for the support of clients. It also provides the facilities of wireless internet and common areas.
DMC Media Business Centre
Company formation in Dubai media city free zone will provide you with the unlimited benefits of DMC’s Media Business Centre which provide facilities which are perfect for professionals in the media industry, media freelancers with facilities including furnished and fully serviced commercial space, organized media events and the promotion of innovative ideas to promote business. It is One-Stop shop providing services such as issuing of visas, sponsorships, quick registration of companies, licensing etc.
Dubai Media City Commercial Offices
Company formation in DMC will give you the benefit of commercial offices. This is the state of the art office facility with full utilities like electricity, A/C, water, maintenance etc. It provides furnishings and fittings according to clients taste. Different types and sizes of offices available, such as open plan, cellular also car parking facility at multistoried, ground and basement.
Car Parking System
To deal with the high demand of care parking space DMC has a system for the management of reserved parking and road metered car parking which has been put in place by The Dubai Road and Transport Authority (RTA).
Dubai Media City Properties
Business setup in DMC provides commercial real estate facilities with its business centers and offices. These properties are near to the center of the city and have easy access to hotels, shopping malls, housing communities, health facilities and schools. DMC properties have Modern buildings and dedicated support staff available to assist clients. Also it has own car parking and easy access to buses and taxis.
Boutique Villas at DMC
Business setup in DMC provides you with the facility of boutique villas with own kitchen and bathroom, Support is v available for fitting out and furnishing facilities including full utilities electricity, A/C, water, building maintenance, ground floor car parking.
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