Dubai Media City (DMC), launched in 2001 in the United Arab Emirates (UAE), is the region’s largest community dedicated to the media industry, with a diverse portfolio of local and international companies representing traditional and new media industries. It is flourishing with innovation and boundless possibilities for expansion, steadily building robust business communities. This has enhanced Dubai’s standing as a notable participant in the global media scene. Leading businesses from all over the world call Dubai Media City home, as it serves as a regional hub for these industries.
Unique Features of Dubai Media City (DMC) Free Zone
- Dubai Media City (DMC) offers purpose-built business solutions, including commercial spaces, D/Quarters, boutique studios, In5, GoFreelance, retail, light industrial units, warehouses, and sound stages.
- Dubai Media City (DMC) operates under the umbrella of Dubai Holding and Tecom Investments.
- Dubai Media City (DMC) borders Dubai Marina to the west, Palm Jumeirah to the north, and Sheikh Zayed Road, the most important road in Dubai, to the south.
Types of licenses available in Dubai Media City (DMC) Free Zone
- Service/consultancy
- E-commerce
- Media-related trading
Benefits of setting up a business in Dubai Media City (DMC) Free Zone
- 0% corporate tax on qualifying income
- 100% foreign ownership
- No currency restrictions
- One of the most cost-efficient free zones for company formation
- The quick company formation process
- The physical presence of the shareholder is not required
- Multiple business activities under one license
The process of setting up a company in Dubai Media City (DMC) Free Zone includes:
- Choose a company name and structure
- Select the business activity from the activity list
- Obtain initial approval from the authority
- Obtain company registration and incorporation documents
- Open a corporate bank account
- Comply with tax regulations
For individual shareholders, the requirements include:
- Completed application form
- Three company name preferences
- Passport copy
- Passport-size photograph
- Copies of the Emirates ID and residence visa (if the shareholder is a UAE resident)
For corporate shareholders, the requirements include:
- Notarised and attested board resolution
- Notarised and attested Memorandum of Association (MoA) and Articles of Association (AoA)
- Notarized and attested Certificate of Incorporation of the Parent Company
- Copies of the passport, photo, and Emirates ID of the shareholders (if the shareholder is a UAE resident)
The permitted legal entities in Dubai Media City (DMC) Free Zone are:
- Free Zone Establishment (FZE)
- Free Zone Company (FZC)
- Branch of a foreign company
- A subsidiary of a foreign company
- Branch of a local company
The costs of setting up a company in Dubai Media City (DMC) Free Zone will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.
No, you do not need a local partner to set up a company in Dubai Media City (DMC) Free Zone. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in Dubai Media City (DMC) Free Zone, reach out to Gatestone Group today via [email protected] or call +971 4 450 1023.
The process of setting up a company in Dubai Media City (DMC) Free Zone can take an average of 2–3 weeks. Empower your business success in Dubai Media City (DMC) Free Zone with Gatestone Group’s expertise and unwavering support via [email protected] or call +971 4 450 1023.
Dubai Media City (DMC) Free Zone has several regulations that businesses must comply with. This includes complying with requirements for anti-money laundering (GOAML), economic substance regulation (ESR), money laundering and terrorist financing (ML&TF), etc.
Unleash the potential of your business in Dubai Media City (DMC) Free Zone with Gatestone Group’s comprehensive company formation and post-incorporation services via [email protected] or call +971 4 450 1023.
The share capital requirement for a Free Zone Establishment and Free Zone Company (FZC) in Dubai Media City (DMC) Free Zone must be at least AED 50,000. There is no minimum share capital requirement for branches. Contact Gatestone Group for more information via [email protected] or call +971 4 450 1023.