Best 5 benefits for business setup in Dubai Media City Free Zone
Dubai Media City is a leading free zone that promotes the UAE’s media and advertising industries. Business setup at Dubai Media City benefits media and advertising organizations by providing a setting in which they may showcase their talent, products, and services while also engaging with some of the UAE’s leading marketing enterprises. Set up a Company in Dubai Media City with IBR Group business experts to pave the way for your success.
- The media and entertainment industry in Dubai, United Arab Emirates, is extensive. In the Middle East, the UAE is the epicenter of print, television, radio, and Internet media.
- The city has attracted foreign media enterprises, including as prominent news organizations, publishing corporations, and social media giants.
Why Dubai: Advantages of setting up a media company in Dubai/UAE?
The Dubai government has continued to work on strengthening the Emirate’s reputation as a media hub, as well as implementing new policies to make it easier for investors to create media companies in Dubai. Business setup in Dubai Media City Free Zone has various benefits.
§ 100% foreign ownership.
§ Provides an optimum business environment for all media players.
§ No personal or import duties.
§ The location offers opportunities for growth and relationships, potentially leading to renown and success.
§ Dubai has excellent infrastructure.
§  One-stop shop for government services.
§  100% repatriation of money and profits.
§ Encourage collaboration and cooperation among media enterprises in a cluster setting.
In Dubai, you may establish a media firm in three zones.
** Dubai Media City
It is the region’s largest media center, with over 2,500 media firms and more than 25,000 employees and investors. CNN, Thomson Reuters, and the BBC all call this media zone home.
** Dubai Production City
Dubai Production City offers a global environment for the media production, printing, publishing, and packaging businesses. It is home to around 220 firms and over 6,800 professionals.
** Dubai Studio City
Over 220 enterprises and 2,500 people work and invest in the region’s primary business community.
How can I establish a media firm in Dubai/UAE?
Before beginning, it is necessary to understand what forms of commercial activity are permissible in a specific media center/zone. Business activities permitted include broadcasting, publishing, advertising, public relations, market/media research, internet marketing, music, and post-production.
Although the procedure of starting a media company in Dubai is flexible, you should keep the following points in mind to ensure the success of the business:
- The Dubai Media and Technology-Free Zone Authority approves the registration of all DMC firms.
- To start a media firm in Dubai/UAE, complete the application form on the internet portal and submit it to the DTMFZ. The application will then be reviewed within five days and accepted by the authorities.
- Provide all authorized legal documents and photocopies. Following an examination of the legal papers, DMC issues an affirmation letter.
- Respond promptly to the applicant’s customer confirmation.
The company’s stakeholders sign a Memorandum of Association (MOA) together. - After submitting the complete share capital, a license and lease will be issued.
- Signed lease and sponsorship contracts to create a media enterprise in Dubai, UAE.
Things to consider before starting a media firm in Dubai/UAE
** Office space requirements
DMC enables investors to launch a business without the need for physical office space and to use Free Zones as their registered company address. It also gives you access to Dubai Media City’s business center, which handles visa and document processing, distribution, and mail collection. Some businesses, such as publishing and related operations, require real office space.
** Establishing a Corporate Bank Account
Opening a Corporate Bank Account is a straightforward process. It is vital that you have a bank account. DMC simplifies the process, and it is the first step you take after getting a media firm business license.
** Sponsoring
Acquiring a visa for a media firm in any of the zones is simple for you and your dependents, but it must be done properly and in accordance with due process. If you meet certain requirements, you can easily apply for visas for yourself, employees, and dependents.
Disclaimer: Above all information is for general reference only and sourced from internet, before making any kind of decision please visit the authorized websites of authorities and service providers.