Business Setup in Dubai
Media City Free Zone
ABOUT DUBAI MEDIA CITY (DMC)
Dubai Media City (DMC) is a free zone in Dubai, United Arab Emirates (UAE), that was established in 2000 to provide a supportive environment for media and technology companies. Some of the key features of Dubai Media City (DMC) include:
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Focus on media and technology: DMC is specifically targeted at media and technology companies, providing them with a supportive environment and access to cutting-edge technology and resources.
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Tax benefits: DMC offers a tax-free environment with no corporate or personal income tax.
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100% foreign ownership: Companies are allowed to be fully owned by foreign investors, with no requirement for a local sponsor.
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State-of-the-art facilities: DMC provides modern and high-quality facilities, including office spaces, meeting rooms, and high-speed internet connectivity.
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Strategic location: DMC is located in Dubai, one of the largest cities in the UAE, providing access to key markets in the region and around the world.
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Regulatory support: DMC provides regulatory support and assistance to ensure compliance with local regulations.
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Business incubation and acceleration programs: DMC provides support and resources to help startups and young businesses grow and succeed.
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Community events and networking opportunities: DMC hosts regular community events and networking opportunities to bring businesses together and foster collaboration and innovation.
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Wide range of company activities: DMC allows a wide range of company activities, including media and technology, creative industries, e-commerce, consulting and professional services, and research and development.
Benefits OF DMC
There are several benefits of establishing a company in Dubai Media City (DMC):
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Tax benefits: DMC offers a tax-free environment with no corporate or personal income tax.
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100% foreign ownership: Companies are allowed to be fully owned by foreign investors, with no requirement for a local sponsor.
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State-of-the-art facilities: DMC provides modern and high-quality facilities, including office spaces, meeting rooms, and high-speed internet connectivity.
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Strategic location: DMC is located in Dubai, one of the largest cities in the UAE, providing access to key markets in the region and around the world.
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Access to talent: DMC is home to a large and diverse community of media and technology professionals, providing companies with access to a talented workforce.
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Regulatory support: DMC provides regulatory support and assistance to ensure compliance with local regulations.
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Business incubation and acceleration programs: DMC provides support and resources to help startups and young businesses grow and succeed.
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Community events and networking opportunities: DMC hosts regular community events and networking opportunities to bring businesses together and foster collaboration and innovation.
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Wide range of company activities: DMC allows a wide range of company activities, including media and technology, creative industries, e-commerce, consulting and professional services, and research and development.
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Robust infrastructure: DMC is supported by a robust infrastructure, including high-speed internet connectivity, advanced telecommunication systems, and a well-connected transportation network.
Licensing in Dubai Media City Free Zone
In Dubai Media City (DMC) Free Zone, there are several types of licenses available to companies operating in the free zone, including:
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Commercial license: Allows companies to engage in commercial activities, such as trading, consultancy, and services.
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Service license: Allows companies to provide services in areas such as media and advertising, event management, and technology.
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Industrial license: Allows companies to engage in industrial activities, including production and manufacturing.
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Freelance permit: Allows individuals to work as freelancers in media-related activities.
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Education license: Allows educational institutions and training centers to operate in DMC.
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Licensing for virtual offices: Allows companies to establish a virtual presence in DMC without having a physical office space.
Each type of license has specific requirements and conditions, such as minimum capital requirements, number of employees, and type of business activity. Companies should consult with a legal or business advisor for more information on the specific requirements for each type of license in DMC Free Zone.
Documents required to open a company in Dubai Media City
The following is a list of the typical documents required to open a company in Dubai Media City (DMC) Free Zone:
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Company formation application form: This form must be completed and submitted to the DMC Free Zone Authority along with the required supporting documents.
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Passport copies of the company owners and directors: Original passport copies of the company owners and directors must be submitted for verification purposes.
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Proof of address: This can be in the form of a utility bill or bank statement that is not older than 3 months.
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Business plan: A detailed business plan outlining the company's goals, products and services, target market, marketing strategy, and financial projections.
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Memorandum and Articles of Association (MAA): The MAA is a legal document that outlines the rules and regulations of the company, including the company's purpose, ownership structure, and management responsibilities.
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Trade name reservation certificate: This certificate confirms the availability of the proposed trade name for the company.
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No Objection Certificate (NOC) from the current sponsor (if applicable): If the company's owners or directors are currently sponsored by a local sponsor, they will need to obtain an NOC from their sponsor.
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Bank reference letter: A letter from the company's bank confirming that the company has a satisfactory banking relationship.
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Proof of capital: This can be in the form of a bank statement or a certified copy of the company's financial statements.
