Business in Dubai Media City
Build Business in DMC Free Zone
Here’s How To Enter In DMC Markets
DMC Introduction
Dubai Media City: A Business Hub
Dubai Media City or DMC is one of the tax-free zones in Dubai and a media hub. It is dedicated to media and all related forms. As it’s a safe and emerging platform, businesses continue to invest here and build a strong identity among industry fellows. Its quiet professional business environment, cooperative infrastructure, and common law framework make it a perfect choice for businesses to stay here.
Key Sectors: The industries operating in Dubai Media City are related to marketing, printing, publishing, music, film, entertainment, broadcasting, and media.
Ideal For: Media or entertainment agencies, printing and publishing companies trying to build strong reputations and authority among industry fellows and customers.
Tax Benefits
DMC is the best option for start-ups and established companies because of tax benefits on personal and corporate income.
Business Hub
Dubai Media City is a business hub with many more benefits such as easy access to transport links, and other useful resources.
International Recognition
DMC has excellent global recognition and reputation as a leading media hub which ultimately attracts potential clients worldwide.
Simplified Setup Procedure
DMC Free Zone business set up is quite easy. You don’t need to follow complex steps to prepare documents, register, or get a license.
Classy Infrastructure
Dubai Media City offers great infrastructure and dozens of facilities to run a profitable business such as high-speed internet for better communication and modern offices.
Supportive Programs
In DMC, there are a lot of supportive programs that start-ups and even established companies can join, including staff training events, business set-up guides, and more.
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Requirements
Company Formation Requirements in Dubai Media City (DMC)
There are a few requirements you need to fulfill for Dubai Media City free zone company formation.
Visas Requirements:
Visas for yourself and your employees are a must and you get the number of visas depending upon the entity, license type, and your office space.
Required Documents:
DMC company formation requires various documents including copies of your agreements with the office space owner and shareholders are needed. Also, certificates of identity such as your original passport copies, proof of address, a No Objection Certificate (NOC), and other documents are required.
Office Space:
Renting an office is a must when forming your company in this free zone. Whether you introduce a separate or start from shared workspaces.
Capital Requirements:
There are no such restrictions on this but you should have minimum capital to cover your operational expenses such as office rent, visa fees, and more.
Business Registration and Licensing:
DMC business registration and licensing is necessary to operate legally in DMC without any limitations or restrictions. You need the above-mentioned documents to apply for a specific license considering your specific business activities.
Approvals From DMC Authorities:
Your business must have approvals from higher authorities operating the free zone and show great compliance with the specific regulatory frameworks to operate smoothly.
Steps to Set Up Business in DMC Free Zone
There are only a few steps you need to take professionally to set up your business in DMC.
1. Meeting with DMC:
Business setup in DMC starts by meeting with DMC authorities. You need to start by promoting an introductory meeting with DMC to share your vision and show interest in being a part of it.
2. Business Plan:
Develop your business plan which should comply with regulatory requirements and follow all the legal concerns of the business hub.
3. ROC Process of DMC:
Getting a Dubai Media City Freezone license isn’t complex. You need to fulfill the regulatory and legal requirements of the ROC or Registrar of Companies department responsible for issuing or renewing business licenses and registration under free zones in the United Arab Emirates.
4. Bank Account Opening:
Open your bank account to support the financial structure and operations of your business.
5. Document Submission:
After preparing all the legal documents and business plan, submit the final application to the DMC and wait for their approval, so you start operating the business in DMC.
Business Licenses Offered in Dubai Media City (DMC)
These are the most popular licenses offered by DMC.
1. Consultancy License:
This license is often named as professional services license obtained by companies providing consultancy and business setup services to startups and well-maintained businesses.
2. e-Commerce License:
A specified license for businesses selling and buying products online. It lies under commercial activities done through the Internet.
3. Media License:
Companies involved in advertising, broadcasting, publishing, and related media category services usually apply for this license.
4. Event Management License:
The companies catering events management, promotions, and organizing services within the Dubai Media City apply for this license.
5. Freelance Permit:
Freelancers or individuals who work independently in Dubai Media City in any business sector apply for this license and work under their name.
Permitted Business Activities
- Publishing and Advertising
- Event Management
- Consultancy and Business Setup
- Media and Marketing Services
- Freelancing
- Business Support Services
Legal Entities in Dubai Media City (DMC)
Various legal entities are operating in the Dubai Media City for business setup.
Free Zone Company (FZC/FZCO):
FZC is suitable for entities with 3-5 shareholders whether they are individual or corporate.
Free Zone Establishment (FZE or FZ-LLC):
Only a single shareholder is allowed, either a corporate entity or an individual.
Branch of a Local Company:
Local companies operating in the United Arab Emirates can expand their operations with this and easily introduce branches.
Branch of a Foreign Company:
With this, foreign companies can introduce their branches in Dubai Media City without making a new entity.
Freelancer:
This is specified for the individuals providing specific services using their freelance permit.
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Why Choose Us?
Supporting your vision and establishing a Dubai Media City Free Zone company alone might be tough and require a lot of hard work along with legal knowledge. This is where Smart Ezone can help you. Connecting with us comes up with many benefits including complete guidance and support for setting up a business in DMC from scratch to end. So, let’s start today and ensure your strong position in the DMC hub.
