DMC was established in 2001 to compliment Dubai Internet City. It is also a part of, and regulated by the Dubai Creative Clusters Authority (DCCA) which oversees all related procedures in both Dubai Media City and Dubai Internet City. Dubai Media City intends to establish a pro-business environment for media companies, advertising companies and any corporations primarily concerned with creative media products.
Benefits of setting up a business in DMC:
100% foreign ownership
Tax exemption (income and corporate)
100% repatriation of capital/profits
No currency restrictions
Excellent support services
Simplified incorporation process
Hassle-free company laws and legal framework
24-hour visa services
Quick access to knowledge workers due to fast-track immigration process
Types of License and Business Activities in DMC
Licenses are issued for companies doing business in several business sectors such as Advertising and Communication; Media and Marketing Services; Event Management and support services; and non-profit Associations.
Dubai Media City offers three licensing options:
FZ LLC License: A Free Zone Limited Liability Company (FZ-LLC) exists as an independent business entity in the free zone. This business type must have at least one director and paid capital investment of AED 50,000. Broadcast TV and radio businesses require AED 2,500,000 minimum capital investment.
Branch License: A Branch of an existing foreign company or existing UAE company is a place of business dependent on a parent company and doing business as the parent company. There is no minimum capital requirement for Branch Companies.
Freelance Permit: The DMC Freelance permit is somewhat unique among free zones. It is allowed in Dubai Media City. This permit allows an individual to do business as a freelance professional under his/her own name as written on the identification document. Actors, sound engineers and visual artists can benefit from this license.
Legal Maxims Consultants has a team of experts committed to providing out of the box consultancy, support and management services to investors interested in a new company formation in DMC or any of the Free Zones in the UAE.
Our service charge is arguably the cheapest in the whole of UAE. Contact Us for a free consultation and a free quote today.