Dubai Media City Company Setup | Dubai Media City Company Formation
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Dubai Media City Company Setup

Dubai Media City Company Setup – In 2000, the Dubai Media City (DMC) was formed by the Dubai government to advance the country’s media foothold. It has developed into a regional hub for media establishments including, publishing, news agencies, production, advertising, broadcast facilities and online media. The underpinnings for infrastructure is in place for firms to establish effortlessly. Businesses operating within the DMC have hassle-free operational and visa procedures.

Establishments based in Dubai Media City are licensed and registered under Dubai Creative Clusters Authority (DCCA). There are various business structures dependent on the client’s needs:

Shareholders’ ownership type can be an individual, corporate entity or both.

Activities allowed to carry out in DMC:

  • Marketing and Media Services
  • Media Support Services
  • Advertising and Communication
  • Event Management
  • Event Support Services
  • Associations (Non-Profit)
  • New Media
  • Media Consultancy
  • Freelancers

Types of Companies that can be formed in Dubai Media City

 

Free Zone Limited Liability Company (FZ-LLC)

A Free Zone LLC is established as a separate legal entity, with shareholders as individuals and Corporates.

The minimum capital requirement for Free Zone incorporation is AED 50,000, depending on the business activity.

 

Freelance Permit

The permit provides the ability to function as a freelance professional and identifies the individual as a sole practitioner. The business name can be conducted on the individual’s birth name.

 

Branch of a Company

Branch of a UAE or foreign company is not a legal entity separate from its parent. It manages the operations inherent in the business of the parent. There is no share capital requirement for a branch company.

 

Benefits of forming a DMC Company

  • Full foreign ownership
  • No income taxes
  • Complete repatriation of profits and capital.
  • No Corporate tax
  • No Personal tax
  • Easy incorporation process