Dubai Media City Free Zone
Since its official opening in January 2001, DMC has grown to become a thriving business community hosting both global and regional media companies. DMC offers media companies and independent media professionals a pro-business environment which enables them to operate with collective synergy and freedom while enjoying free zone benefits. Businesses from various sectors as mentioned into the proposed activity can join DMC.
DMC offers media and advertising companies in Dubai an ecosystem where they can showcase their products and services and get a chance to interact with some of the leading marketing companies in the UAE and global media giants like Bertelsmann, CNBC, CNN, Forbes, MBC, Reuters, Showtime and Sony.
Major Benefits of Company Formation in DMC (Dubai Media City Free Zone):
- 100% foreign ownership,
- 100% repatriation of capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- Media City offers wide range of leasing facilities starting from hot-desks and moving up to the fully fitted offices with beautiful views surrounding the Dubai Media City
Characteristics of DMC Company Setup:
Location:
Dubai Internet City, Dubai, (U.A.E.)
Proposed activity:
Advertising & Communication/Media & Marketing Services/Media Support Services/Event Management/Event Support Services/Media & Marketing Consultancy/New Media/ Business Information/Freelancers/Media Association (Non Profit) activities can be carried out in DMC.
License available:
Commercial Trading License & Freelancer permit are available options for DMC – Dubai Media City Free Zone Company setup.
Type of entities:
Free Zone-Limited Liability Company (FZ-LLC) & Branch office
Shareholder:
Shareholder for Dubai Media City Free Zone (DMC) Company can be Individuals or Corporate entity,
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 50,000/- (50 shares of AED 1,000/- each) for FZ – LLC DMC Company Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:
Audit report is not required to be filed with DMC.
Estimated time:
4 to 6 weeks to obtain license of the company and register a company in DMC (Dubai Media City Free Zone)
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
DMC (Dubai Media City Free Zone) Company Setup Process:
- Identify the legal form of company to be registered in DMC
- Select activity from DMC activity list,
- Apply for name and initial approval,
- Payment of fees related to DMC business set up,
- Sign DMC company registration and incorporation documents,
- Apply for DMC residence visa.
Documents Required for DMC Company Registration:
The documents required for business set up in DMC (Dubai Media City Free Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are
- Color passport copy,
- Color UAE residence visa & emirates id copy,
- Utility bill copy
- CV/Resume,
- Business Plan.
- NOC from current sponsor
To know more about the complete requirements for company formation in Dubai Media City Free Zone (DMC) call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Formation Cost in DMC:
DMC Company Setup begins from AED 28,790/-.
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DMC.
Other Notes for DMC – Dubai Media City Free Zone Company Formation:
- Document to be legalized with UAE Embassy in case of corporate shareholder
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every year
- Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in DMC. Our company acts as a one stop solution for DMC company incorporation services.
If you are looking for DMC company setup, please get in touch with us for professional assistance.
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DMC (Dubai Media City Free Zone).
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.
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OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
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Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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