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Dubai Technology and Media Free Zone

Dubai Technology and Media Free Zone

The Dubai Technology and Media Free Zone (DTMFZ) was developed by Tecom Investments and is made up of several business parks operating as separate entities. International investors interested in opening a company in DTMFZ can benefit from the support of our Dubai agents. In the following lines, you can discover information about how to open such a business and some of the characteristics of DTMFZ. We are here to help you open a company in Dubai and benefit from dedicated services.

Information about DTMFZ

The Dubai Technology and Media Free Zone Authority (DTMFZA) has divided the free zone into four clusters:

  • the media cluster,
  • the education cluster,
  • the information and communication (ICT) cluster,
  • the sciences cluster.

The Dubai Technology and Media Free Zone Authority is also the only regulator in the free zone. In 2003, the DTMFZA enabled the Technology and Media Free Zone Companies Regulations which applies to other free zones among which, the Dubai Internet City, Knowledge Village, the Dubai Outsource Zone, and Dubai Studio City.

Documents requested for opening a business in DTMFZ

Among the registration documents for company formation in Dubai Technology and Media Free Zone, the following are required:

  • Articles of Association,
  • business plan,
  • Memorandum of Association,
  • business license,
  • specific standard forms,
  • board resolution,
  • specimen signatures,
  • proof of payment of registration fee,
  • valid passport of shareholders,
  • other relevant standard forms.

The authorities for registering companies in Dubai issue the incorporation certificates quite fast, in a couple of days. This is done after checking the documents presented above. We remind you that in order to benefit from support and an uncomplicated process, our agents in Dubai can help you with paperwork. More about company formation in Dubai Technology and Media Free Zone can be found if you get in touch with us.

Licenses issued by the Dubai Technology and Media Free Zone Authority

According to the DTMFZA, each type of company will be issued a business license depending on the cluster it belongs to. License categories have been divided into different segments. Each segment encompasses an established number of activities. The types of licenses issued by the Dubai Technology and Media Free Zone Authority are:

  • free-zone limited liability companies licenses under the publishing segment,
  • licenses under the broadcasting TV and radio segments,
  • licenses under the food segment,
  • licenses under the storage activity segment,
  • licenses under the manufacturing and productivity segment,
  • licenses under the higher education provider segment.

Each type of company registered in the Dubai Technology and Media Free Zone is subject to certain requirements. Among these, a minimum number of shareholders and minimum capital requirements are important. Our company formation agents in Dubai may provide you with all the relevant information for company registration in DTMFZ. It is important to solicit assistance when deciding to open a company in Dubai Technology and Media Free Zone.

What services can you receive when you want to open a company in Dubai Technology and Media Free Zone?

Those interested in company formation in Dubai and more precisely in free zones, such as DTMFZ, can opt for our services. Our local agents can help foreigners with company incorporation in Dubai, obtaining the necessary licenses, and opening a bank account, among others. We can explain regulatory compliance and also involve the zoning division or development control section. Moreover, you can opt for business consulting services if you want to set up a company in Dubai Technology and Media Free Zone.

Why open a company in Dubai Technology and Media Free Zone?

One of the greatest advantages of setting up a company in the Technology and Media Free Zone in Dubai is the variety of licenses available. In a Dubai free zone, investors may set up companies with 100% foreign ownership. No personal or corporate taxes will be applied to Dubai free zone companies for 50 years. Other tax advantages are full repatriation of capital and profits and no customs duties for goods and services. Here are other advantages:

  • You can benefit from the quality infrastructure and dedicated services to be able to carry out the activities of the company registered in the Dubai Technology and Media Free Zone.
  • You have access and can communicate with local and regional players in the field.
  • Dubai offers first-class technology and an ideal business environment for foreign entrepreneurs interested in DTMFZA.
  • Opening a company in Dubai Technology and Media Free Zone is simple and fast.
  • Those who want to hire foreign staff in Dubai can do so taking into account the immigration and residency rules. The procedures in this sense are free of complexities.

In addition to the services for company incorporation in Dubai that our agents can offer you, we are also at your disposal with others. For example, we can help you with the procedures related to immigration to Dubai, if you are interested in relocating to the UAE. We can tell you more about how to set up a company in Dubai Technology and Media Free Zone. Please contact our company incorporation agents in Dubai.