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Set Up a Company in Dubai Media City

Set Up a Company in Dubai Media City

Opening a company in Dubai Media City has become very profitable, especially when taking into consideration successful businesses such as advertising and publishing agencies and companies offering broadcasting services. Our company incorporation agents in Dubai can assist foreign investors who want to open companies in Dubai Media City Free Zone. We are here to handle the procedures of company formation in Dubai.

Types of companies in Dubai Media City

Foreign investors interested in opening companies in the Dubai Media City Free Zone may establish the following types of companies:

  • free zone companies;
  • branch offices of foreign and local companies.

Free zone companies in DMC must have a minimum share capital of 50,000 AED which must be deposited prior to the company incorporation in Dubai. Companies operating in the TV and radio broadcasting cluster must deposit a minimum capital of 2,500,000 AED.

Licensing of Dubai Media City companies

No matter the type of company one decides to register in Dubai Media City, they must apply for one of the following licenses:

  • a TV or radio broadcasting license;
  • a film distribution or management license;
  • a media and marketing services license;
  • a news agency license
  • a music and entertainment license;
  • a web design license;
  • a publishing license.

Our Dubai company formation agents can offer information on all the licenses available in Dubai Media City. We can help you set up a company in Dubai if interested in the Media City Free Zone.

Company registration in Dubai Media City

In order to set up a company in Dubai Media City, one must file the following documents with the Dubai Technology and Media Free Zone Authority (DTMFZA):

  • a viable business plan;
  • application forms for the company incorporation and licensing;
  • the Memorandum and Articles of Association;
  • passport of the shareholders and directors of the company;
  • a resolution passed by the management board, in the case of branch offices.

Documents required to open a company in Dubai Media City

Foreign investors can set up a free zone company that can have a natural person or another company as a shareholder. 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.

In case the company to be registered in Dubai Media City has a corporate shareholder, the following documents will be required:

  • an application form for the business license;
  • the company’s certificate of incorporation;
  • a business plan;
  • details of the managers, directors, and legal representatives.

Our company registration agents in Dubai can help you draft the documents required for incorporation.

How are companies taxed in Dubai Media City?

Taxation in the UAE applies at the federal and at the emirate level. Apart from that, free zones have their own authorities which grant tax incentives to attract foreign investments. This is also the case of the Dubai Media City which falls under the authority of the Dubai Technology and Media Free Zone (DTMFZ). If Dubai onshore companies are imposed a corporate tax at different rates based on the industry they operate in, this rule is not available in Dubai Media City. The DTMFZ offers the following tax incentives for companies operating here:

  • no personal or corporate tax for 50 years, an exemption that can be renewed;
  • no tax on the repatriation of profits;
  • no customs duty on the import of goods;
  • no tax on the repatriation of capital.

You can find out more about the taxation of companies in Dubai Media City from our Dubai company formation agents.

Golden Visa available for foreign entrepreneurs

Investors in Media City can opt for the Golden Visa in the UAE and benefit from numerous advantages. This type of visa guarantees long-term residence for up to 10 years or even more, under certain conditions. If you want to set up a company in Dubai Media City, you can also apply for this type of visa, especially if you want to live in the UAE for a long time. The type of investments is taken into account and can even be applied to family members. You can direct your attention to our specialists for more information about relocating to Dubai by opting for this type of visa and about company formation in Dubai Media City Free Zone.

Total repatriation of profits

One of the benefits of the business climate in the UAE is taxation. Thus, we remind you that there is no income tax on businesses, or individuals, except the oil and gas sector, plus banking where branches of foreign companies are subject to this tax. Profits can be repatriated without being taxed. If you have a company in Dubai Media City, you can benefit from such an advantage. Contact us for assistance in starting a business in Dubai.

Professionals in the workforce sector in the UAE

The UAE is appreciated for its experienced and affordable workforce. Most sectors of interest, including those related to media and communication, have businesses where professionals, skilled and talented people work in the field. In addition, the UAE is constantly looking for highly skilled individuals. Interested in opening a business in Dubai and operating in the Media City Free Zone in Dubai? You can discuss all the aspects with our local agents and ask for information in this endeavor.

What is the Fifty Economic Plan in the UAE?

The UAE is a country with visions and plans for the future in any field. The authorities focus largely on the strategies that can support an excellent economic future. With a focus on entrepreneurship, tourism, exports, media and communication, and foreign direct investments, the development plans of the UAE span several decades. UAE’s government wants to support the growth of a prosperous local business environment that can attract as many foreign investors as possible, with a focus on existing free zones and their development in the coming years. Interested in setting up a company in Dubai Media City Free Zone? Contact us right away and ask for information.

What is the UAE Circular Economy Strategy?

The Circular Economy Policy of the UAE offers direction towards maintainable economy management, with the efficient use of natural resources involving the latest generation technology. This is also valid for companies operating in Dubai Media City Free Zone or for those to be established here. With a focus on future business generations, the UAE Circular Economy Plan wants to minimize as much as possible waste and boost environmental health in the areas that generate profits. With this plan, the authorities want production to be cleaner and to develop through reliable and green resources as much as possible.

Promoting innovation, and growing competitiveness are great strategies that can support economic growth in the UAE for the coming years and that can be implemented in various business sectors, such as media and communication. We suggest you get in touch with our local specialists and find out more about how to set up a business in Dubai’s media and communications sector. Company formation in Dubai Media City Free Zone enters our attention, so feel free to make an appointment with us.

Benefits of incorporating a company in the 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;
  • tax-free custom duties;
  • quick and simple registration procedures;
  • transparent company regulations;
  • non-stop residence and work permits services.

In addition to the services offered for opening a company in Dubai Media City Free Zone, our clients can also opt for others. Immigration to Dubai enters our attention, and our specialists can help you with all the formalities. Do not hesitate to contact our company incorporation agents in Dubai.