Dubai Media City Free Zone
Planning for business setup in Dubai Media City free zone? It can be an option for you irrespective of starting a new one or expanding an existing business. One of multiple free zones located in Dubai, the free zone offers a number of benefits which can be availed by following the necessary guidelines.
The free zone which has cemented its position as a credible media community is home to many global and local media brands. They drive innovation and creativity by offering numerous services to businesses. Read the article to get an understanding of what benefits Dubai Media City offers and the involved process to start a business.
Benefits of Business Setup in Dubai Media City
There are certain advantages for choosing to set up a company in Dubai Media City free zone. Read on to have a better understanding:
Full Ownership
If you set up a business in Dubai Media City, then you can enjoy full ownership of the business. It eliminates the need of having to onboard local sponsors in the UAE.
100 percent profit repatriation allowed
In addition to complete ownership, you get to repatriate profits to the home country. The added benefit being you don’t need to adhere to any currency exchange regulations.
Favorable tax environment
Dubai Media City free zone offers investors and entrepreneurs like you a tax friendly environment. With no personal income tax and import/export tax along with low corporate tax, you are provided an ideal atmosphere to scale the business.
Access to advanced infrastructure
The DMC free zone is laced with advanced infrastructure which businesses can make use of. Be it modern office spaces, high-speed internet, or advanced media production capabilities, you can find all the essentials required for the business and can entirely focus on growth of the business.
Strategic location
As Dubai Media City is located in the heart of the Emirate, it offers entrepreneurs the benefit of accessing global markets by unlocking numerous transit networks.
Freelancer friendly
Another benefit which makes the free zone a good option for business setup is that it offers affordable packages for freelancers across a number of professions. This enables freelancers to offer their services to those looking for it inside the free zone.
Steps to Start a Business in Dubai Media City Free Zone
Finalize the business structure and the type of license to avail based on the business activity.
Prepare the required documents which must be submitted to the authorities along with the application form.
Upon Submission of the completed application form along with the required documents to the Free Zone authority, obtain the company license after the completion of the necessary due diligence.
Apply for entry permit and Emirates ID after receiving documents related to the license and business registration.
Once you receive the aforementioned documents, approach a bank to open a corporate bank account in the UAE. It can be used to conduct financial transactions related to the business.
Documents Required
- Passport copies of the director, legal representative and the appointed manager
- Copy of business plan
- Original Memorandum of Association and Articles of Association
- Copy of board resolution
- Proof of share capital deposit
- Copy of No Objection Certificate (NOC) from residency visa sponsor
- Copy of personnel secondment agreement
- Specimen signature(s) of the appointment manager(s)
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Us?
While the entire process of business setup in Dubai Media City seems straightforward. The regulations laid down by the authorities can be difficult to navigate without having proper guidance. The business setup experts of Gryffin Capitalist are experienced and are well aware of the involved procedure. We ensure that company setup in DMC free zone is done in a seamless manner.
Be it setting up a business, availing relevant license, or opening a corporate bank account, you can count on us!
Quality Professionalism
High Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
In the Dubai Media City free zone, you can conduct any business related to the media industry. It includes advertising and communication, media and marketing, management consultancy, event management and support services, media associations, and freelancing, among others.
The cost associated with availing of a Dubai Media City license depends on a number of factors. It includes the business activity, chosen legal structure, and fees payable to the relevant authorities during the application process.
The minimum share capital requirement for setting up a company in the DMC Free Zone is AED 50,000.
You can choose among a number of business licenses for company formation in Dubai Media City. Some of the available permits based on the business activity include a business information services license, media marketing services license, new media support service license, event leisure license, and consultancy and retail license.
To set up a business in Dubai Media City's Free Zone, you have the option of choosing a legal entity, such as a Sole proprietorship or Limited Liability Partnership Company (LLC) and a branch office. There is also the option of providing services independently as a freelancer.
