Dubai Media City (DMC) Free Zone was set up in 2000 and since then it has evolved spectacularly, considering Dubai is one of the most amazing cities in the world when it comes to infrastructure and real estate constructions. This has led to the development of the artistic industry which encourages the promotion of these beauties. 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 formation agents in Dubai can assist foreign investors who want to open companies in Dubai Media City Free Zone.
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 music and entertainment license;
- a news agency license;
- a publishing license;
- a web design license.
Our Dubai company formation representatives can offer information on all the licenses available in Dubai Media City.
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.
In order to open a company in Dubai Media City, one needs to appoint a local company formation agent, so if you need assistance, do not hesitate to contact our company incorporation consultants in Dubai.