Dubai Media City Company Formation (DMC)
Opening a company in DUBAI MEDIA CITY will be beneficial to media companies looking for free zones that have access to good infrastructure. This zone is appealing because of the many industries it supports, including: Media / Publishing; IT / Marketing Services; Broadcast / Music Entertainment; Polygraphy/ Hypermedia.
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100% exemption from taxes on profits and capital gains
Tax-free custom duties
Transparent company regulations
Full foreign ownership
DMC Free Zone Company Formation
The Dubai Media City (DMC) was built by the government of UAE to boost its presence in media. Today, it is a major regional hub for news agencies, publishing companies and online media businesses globally. It provides excellent infrastructure with relaxed rules that make setting up a company there easy enough even for international firms looking to expand their business horizons into new geographies or diversify current operations through an additional arm based out of DMC free zone status promotion efforts in Dubai.
DMC provides media companies and independent professionals with an optimal operating environment where they can operate freely while enjoying free zone benefits including 100 percent ownership of the business and tax-free income.
While Dubai Media City offers media and advertising companies an ecosystem where they can showcase their products, it also provides opportunities for them to connect with leading marketing agencies in the UAE. The organization is known around the world as a place that attracts some of the biggest names in this industry from all over the globe.
Get a free consultationTypes of licenses
- Free zone LLC (limited liability company)
- Branch (of a local or foreign company)
- Freelancing permits (for professionals)
Requirements
- Submission of application along with required documents in DTMFZA
- The application process for FZ-LLC and Branch office is quite similar. But there is a difference in documents between FZ-LLC, branch of a local company, and branch of a foreign company
- In the case of a freelancing permit, few additional documents are also required including a sample of work/portfolio, personal reference letters (3 or more), and others
- There is a specific fee to be paid for all types of licenses in DMC. The fee may differ according to the type of business entity
Benefits
- Complete ownership to a foreign entity
- Exemption from duties and taxes on personal and corporate incomes for 50 years
- Simple and quick company registration and formation process thanks to the latest electronic system, one window operation, and transparent company regulations
- Availability of residence and work permits after company formation in DMC
- Presence of several personal and corporate facilities including business centers, commercial offices, car parking system, commercial & real estate properties, etc
- A company is allowed to change its name, business activity, address, and status (from branch office to LLC) after adopting the required procedure
- No minimum capital investment required
- Allowed to hire foreign employees
