DMC Free zone Business Setup to transform Dubai into a place for practice and knowledge-based economy who like to invest money that why in the reflection of the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum ruler of Dubai and the Prime Minister of the UAE established DMC Free zone Business Setup in January 2000. DMC Free zone Business Setup as part of this vision to create an international environment for global and regional media companies as well as independent media professionals in the United Arab Emirates.
Dubai Media City is operated under the jurisdiction of Dubai Technology & Media Free Zone Authority and now renamed as Dubai Creative Clusters Authority and is managed by TECOM Investments. Dubai has put time and work to make a place that is dedicated to knowledge and life-improving industries with subsidiary of Dubai Holding and Dubai based company. Companies in Dubai Media City have been operating with collective including media, synergy, and marketing services, printing and music, publishing, film, new media, leisure and entertainment, broadcasting and information agencies. Dubai Media City offers a supportive platform for media-oriented companies to display their products and services and since its launch in 2000 and more than 1,400 companies have set up in Dubai.
Dubai Media City provides a variety of business clusters for companies to start their operations along with its business-friendly environment, energetic networking atmosphere and top-notch logistic facilities to Dubai Media City companies.
A business entity with one shareholder
A business entity with 2 to 5 shareholders
For an application of foreign nationality
To open a Branch of a local company you need to be a UAE citizen to apply for company setup
For a person wishing to dispense a certain service had to fall under freelance permit and under one’s own name
The Dubai Creative Cluster Authority is the main jurisdiction responsible for company registration DMC Free zone Business Setup and licensing in Dubai Media City is the company registration process might differ from company to company and it depends on the type of business you choose.
Free Zone Limited Liability Company
LLC company formation is the same as any other Free Zone in Dubai Media City whether you are an individual or a corporate person as a shareholder.
You need to follow 3 step procedure
Step 1: Application for company registration and submission of the following documents for approval to the DCCA
Step 2: Submit your necessary documents and pay the fees. The documents you need to require for LLC Formation
Step 3: The Final is to Sign and collect your license, certificates, lease, MOA and AOA
Branch of a Foreign Company
The steps for setting up the branch of a foreign company are the same as that for an FZ-LLC.
Branch of a UAE Company
To set up a branch of a company in UAE the procedure differs.
The steps are as follows:
Step 1: You need to submit an application regarding the license, type of business, and a copy of the UAE license. It should be noted here that companies that have been carrying out their business operations for at least 2 years will qualify for setting a branch.
Step 2: Submit the required documents, select a commercial space, and pay the requisite fee. The documents required here are the same as the ones mentioned for the branch of a foreign company.
Step 3: After the procedure is done you just need to sign all the necessary papers and collect your license.
A freelancer is a person who is self-employed and provides service to different companies or firms. A freelance permit allows a freelancer to carry out his or her DMC Free zone Business Setup professional activities without any hassle or government interruption. Procedure to get a freelance permit in Dubai Media City:
Step 1: Submit
An application form for a license
Valid passport copy
Personal reference letters (minimum 3 people)
A sample of work or portfolio
These procedures are done by the DCCA you need to submit your documents and get a license from them.
Step 2: Submit the undermentioned documents then select suitable commercial space and then pay the required fee.
Application for registration
Bank reference letter
Registry Identification Code form
Step 3: The final step is to sign the agreement and collect your freelance permit.
Business setup in Dubai is a standard-setting that approximately all investors want when they go into the country. And for some time now, company setup in Dubai has been widespread. As a Dubai free zone authority, the TECOM free zone always helps the UAE economy when it comes to drawing investors to carry out business formation in Dubai.
Dubai Media City companies relishes a variety of Dubai free zone benefits. For one, Dubai’s free zone company formation asking price can be considered as one of its benefits. So let’s discuss some of the facts to guide you on whether setting up in Dubai Media City is the profitable option for investors.
Flexi-desk Choice: Visas are always going to be a concern when forming a company in Dubai, and as Dubai Media City delivers on this cause of concern and its Flexi-desk visa choice are not the most kind in the region. Permitting one visa for every Flexi-desk package makes the free zone perfect for freelancers and entrepreneurs. This gives them the liberty to make use of DMC’s numerous business facilities on an ad-hoc basis. However, it is not the most preferred choice for individuals intending to employ others. Looking at the price at around AED 25,000 is a bit high compared to others in the region.
No Requirement For Office Space: For those who intend to work even more comfortably than a Flexi-desk, DMC permits investors to set up a business without the requirement of office space at all. Also allowing to utilize the free zone as your registered company’s address, as well as accessing Dubai Media City’s Business Centre which gives visa and document processing, distribution, and mail collection, and gives right to use the meeting rooms along with a large variety of services.
Though, there are exceptions. Businesses that operate in certain industries, for example, publishing or other related activities have to retain physical office space to set up in the free zone. If you fall into such kind of business or require additional permanent office space, there are a lot of choices offered such as DMC’s commercial office units offered in sizes to meet everyone from sole capitalist to international corporations.
Registration Process: Company formation in Dubai should not be taken for granted. The Dubai Media City company formation procedure is both flexible and systematic enough to guarantee everything is in exact order once the business is started. DMC needs certain documentation to process license applications, as well as passport copies, incorporation certificate,s and a thorough business plan. It is certainly not strange for shareholders to attend a short conference with free zone officials. The entire registration process generally takes about three months. The process and timeframe may vary depending on the kind of license you are applying for, the trade you carry, and the business size.
The Ultimate Hub For Media Industry: Dubai Media City is predominantly eye-catching for those in media-related industries. DMC is the hub for media-related industry professionals of over 20,000 individuals and filled with networking and shared opportunities. The free zone also provides an esteemed office address and location for those desiring to make an impact in the global media industry.
Industries allowed to set up in DMC consist of media, media freelancers, marketing and advertising, communications, consultancy, event management, and non-profit organizations. Lastly, in contrast to many other free zones in the area, DMC-based media companies are, in some situations, permissible to carry on government contracts.
Straightforward Process To Attain Your Corporate Bank Account Set up: Company formation in Dubai, like elsewhere in the world provides you an extensive list of ‘to-dos’. One of the most imperative is making sure you have someplace for your customers to send funds. DMC makes setting up your bank account simple: free zone staff can not only inform you on the top bank to suit your requirements but they also organize meetings for you with your selected banks if required. In addition to the above mentioned, Dubai Media City is regarded by UAE banks as the most reliable which can support a smooth account opening process.
Trouble-free Process To Sponsor Dependents: Acquiring a visa through Dubai Media City is typically simple for both you and your dependents. As long as you meet certain criteria, it is probable to apply for visas for your employees and dependents. The process contains entry permit, medical fitness test, status adjustment, Emirates ID registration, and visa stamping. But it is always recommended to seek advice from an expert in setting up UAE free zone businesses. They will guide you on the entry criteria for staff and dependents before you begin to fill an application.
Set up With Several Shareholders: One feature that makes Dubai Media City mainly admired by big corporations is that it permits the formation of a company with more than one shareholder. Newly formed Free Zone Limited Liability Companies (FZ-LLCs) are permissible to commence business multiple shareholders which can be with individuals or other corporate entities.
Key Location: Dubai Media City situated at a prime location in Dubai free zones. It is around 20 minutes away from Dubai International Airport and has wide-ranging road links putting bordering emirates within easy access, DMC is ideal for conducting business both in Dubai and internationally.
DMC is located in the Middle East, Africa, and South Asia’s junction which makes it easily accessible. Dubai Media City is a worldwide media hub. DMC provides shareholders with facilities that meet the required needs of media-related companies so they can function effectively.
Complete Foreign Possession: In the UAE mainland, free zone company arrangement can only be conducted with a local supporter. This person will acquire 51% of the shares in the company that you will form. Though, establishing a free zone company has the benefit of having 100% ownership of your own company. A local sponsor will not be required in a free zone.
Value-added tax (VAT) has been put into practice at the beginning of 2018. It is applicable to some products and services. There is still a wide range of benefits for business owners who want to spend. Though, the government has not administered the companies to account for corporate and income taxes. There are multiple businessmen seeking this kind of tax exemption and this free zone has this benefit to offer.
There are many other benefits that Dubai free zone company registration can offer to you when you start the business. The following benefits are listed as follow: