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Dubai Media City (DMC) Free Zone Company

Dubai Media City (DMC) Free Zone Company Formation

Introduction – Free Zone Focus

Dubai Media City (DMC) is located and operates under the jurisdiction of Dubai Technology & Media Free Zone (DTMFZ) and is a member of TECOM Investments. It launched its operations in 2001 and is now the base for the global operations of worldwide media giants such as Forbes, CNN, CNBC, Sony, Reuters and Showtime. It also hosts many regional media companies.

Since its opening DMC has developed quickly as a worldwide media centre. DMC is now the leading free zone committed to the facilitation and promotion of the media and advertising industries of the Middle East. It offers these industries a business environment which enables industry players to network, collaborate and operate freely with other businesses through the entire value chain while taking advantage of the benefits provided by free zones. DMC has registered over 1,400 companies.

To see  DMC’s Interactive Presentation, Corporate Video, Brochure, Google Map and useful Application Forms follow this link

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Competitive Advantages: Why Dubai Media City?

Prices and Start-Up Packages:Fees for the First Year and Subsequent Years
RAK ICC Offshore Company Registration for $99Company Formation Fees and Annual Fees
Dubai or RAK Free Zone Company Formation for $1.450Incorporation Fees and Annual Running Fees
UAE VAT, Tax, Accounting and Other FeesFees for Other Services
Click Here For 5 Steps Dubai, RAK And UAE Company FormationEmail us Now to Get Quotation
  • 100% foreign ownership
  • 100% repatriation of profits and capital
  • Zero corporate tax for 50 years
  • Zero personal income tax
  • Zero import duties
  • Zero currency restrictions
  • Zero red-tape
  • Zero staff recruitment problems
  • State-of-the-art infrastructure
  • Industrial potential – business prospects
  • Ideal business environment for media players
  • DMC’s companies are global giants and well-known regional and local companies
  • Attractive operating costs
  • Easy and fast registration of companies
  • One-Stop shop services for various government services
  • 24/7 visa service
  • Mortgages available for purchased real estate which is on leased land
  • Cluster working environment which enables companies in the media to interact and cooperate
  • Simple legal framework and company laws
  • Access to Knowledge Workers because of fast-track immigration process

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Dubai Media City Contact Details

Location
DMC located in the centre of “New Dubai”. The Marina area is located to the west, Palm Jumeirah is located to the north and Sheikh Zayed Road to the south.  DMC is accessible with Al Sufouh road or Exit 32 of Sheikh Zayed Road.

Al Sufouh 1
Dubai
United Arab Emirates

Tel: +971 4 391 4555
Fax: +971 4 391 4616
Website: www.dmc.ae

Key People

Jamal Al Shari
Managing Director, DMC & DSC

Mohammad Abdullah
Managing Director, Media Cluster, TECOM Investments

Dubai Media City Free Zone Company Registration Process

Dubai Technology and Media Free Zone Authority DTMFZ approves the setup and registration of DMC’s companies.

Six steps to set up a FZ-LLC where the corporate person or the entity is the shareholder:

Note: to set up a FZ-LLC where (1) the natural person/individual and corporate person/entity are shareholders or (2) an FZ-LLC where the natural person/individual is a shareholder or (3) to set up a Branch or (4) for Freelancers, please visit the DMC website for more information.

Steps and Documents Required Client Actions
DMC / DTMFZ Actions

Step 1:

Submit application for approval

Documents required:

Application for company registration

License application

Business plan

Colour copy of passport for manager / director(s) / legal representative

Contact a sales person at DMC and submit application

Evaluation of client’s application

Inform the client of external regulatory body approvals required

Timing: 5 working days

Step 2:

Send legal documents for company registration

Documents required:

Company registration application form

Shareholder(s) details

Original Memorandum and Articles of Association

Board Resolution

Passport copy of manager

NOC from residency visa sponsor

Manager’s specimen signature

Passport copy of director(s)

Director(s)’s specimen signature

Proof of Share Capital

Registration fee and license fee

Memorandum of Association of FZ-LLC

Agreement for personnel secondment

Certificate of Authorization for GSO

Send the legal documents for registration of the company to DMC sales person

Issue Customer Confirmation Letter

Timing: 2 working days

Step 3:

Sign and return Customer Confirmation Letter and payment

Sign and return Customer Confirmation Letter and make payments (registration and license fee and first lease installment) to the DMC sales person Review of legal documents

Timing: 2 working days

Step 4:

Sign Articles and Memorandum of Association

Visit Sales Department at DMC to sign AOA and MOA and collect bank introduction letter and resolution

Step 5:

Deposit of share capital

Open a bank account in the name of the company, deposit share capital and take proof of capital letter to DMC Prepare License and Lease

Timing: 3 working days

Step 6:

Sign lease and personnel sponsorship agreement

Go to TECOM Leasing Department to sign lease, personnel sponsorship agreement and collect license

Dubai Media City Free Zone Services

A variety of services are offered to DMC’s clients:

  • Company registration
  • Issuing of licenses
  • Issuing of visas
  • Advertising and Venue Management Services (AVMS)

Company Registration

The registration and setup of companies in DMC is approved and regulated by Dubai Technology & Media Free Zone Authority.

Types of companies registered:

Free Zone LLC (FZ-LLC)

  • A legal entity with shareholders as individual persons and / or entities
  • At least one director
  • Minimum capital requirement AED 50,000 (except for activities of broadcasting TV and activities of broadcasting radio segment (but not IP streaming) which require AED 2,500,000)

Branch

  • Branch of an overseas or local company – not a separate legal entity from its parent company
  • A branch has the same business activities as the parent company
  • No minimum capital requirements

Branch types:

  • Branch of an overseas company
  • Branch of a United Arab Emirates company

Freelancer

A Freelancer Permit is issued to an individual with business activities under his/her name and not under a name of a company or brand.

Issuing of Licenses

Dubai Technology and Media Free Zone Authority issues commercial licenses and permits for the company types mentioned above.

Features of Commercial Licenses and Freelance Permits:

  • Issued by DTMFZA
  • DTMFZA needs to approve the business activity
  • Business activities must be in compliance with DTMFZA licensing regulations
  • The investor must lease a facility of DTMFZA
  • The license covers the operation of a business only within the Free Zone
  • Licenses are for a period of one year and are renewable annually (penalty or termination for delay in license renewals)

Amendments to Licenses

The following changes to licenses can be requested by clients:

  • Change of company name
  • Change of business activity within the business sector
  • Additional business activity
  • Change of address
  • Change of director
  • Change of manager

Transfer of Shares

A FZ-LLC company incorporated at DMC can amend the structure of its shares as follows:

  • Increase of share capital with new shares for existing or new shareholders
  • Transfer of shares to existing or new shareholders
  • Decrease of share capital

Other Changes to Licenses

  • Change from Branch of an overseas company to a FZ-LLC
  • Merge or amalgamation of two or more companies within the free zone
  • De-registration and cancellation of license

Licensing Sectors

Clients from the below sectors can apply to set up a company at DMC:

  • Advertising & communication services
  • Media consultancy services
  • Media & marketing services
  • Media support services
  • New media
  • Event management services
  • Event support services
  • Business information services
  • Association (non profit)

General Sectors

  • Providers of legal, auditing, accounting services
  • Providers of travel, insurance and courier services
  • Providers of property management services
  • Regional offices – representative offices, call centres, marketing offices
  • Hotels, apartments and leisure facilities

Issuing of Visas

The issuing of visas is carried out by the Government Services Operations (GSO) department of TECOM. The GSO department also offers other services, for example immigrations services, postal services through its one-stop shop.

Advertising and Venue Management Services (AVMS)

Advertising and Venue Management Services are provided by TECOM. Indoor and outdoor venues are available as well as a broad range of other indoor and outdoor advertising facilities.

Dubai Media City Free Zone Products

  • DMC Dubai properties
  • Business centres
  • Commercial offices
  • Boutique villas
  • DMC Media Business Centre
  • Car parking system

DMC Dubai Properties

DMC provides commercial real estate facilities with its business centres and offices which consist of over twenty low to high rise buildings.

Features of DMC Dubai Properties:

  • Near the heart of the city
  • Easy access to hotels, malls, housing communities, health facilities, schools
  • Modern buildings surrounded by landscaped gardens
  • Dedicated support staff available to assist clients
  • Own car parking and easy access to buses and taxis
  • 24/7 security

Business Centres

  • Fully serviced and equipped offices
  • Professional business environment
  • Meeting / conference room facilities
  • Dedicated administrative staff who offer support to clients
  • Wireless internet
  • Common areas

Commercial Offices

  • 615 – 10,000 sq ft facility for commercial offices
  • Full utilities (electricity, A/C, water, maintenance etc)
  • Furnishings and fittings to suit clients’ needs
  • Different types and sizes of offices available, such as open plan, cellular etc
  • Raised floors for commercial space providing flexibility, insulation, low electricity consumption, easy access to power
  • Retail space for food outlets
  • Car parking: multi-storey, ground and basement

Boutique Villas

  • Own kitchen and bathroom
  • Area of villas: 5,772 sq ft
  • Support provided for fitting out and furnishing facilities
  • Landscaped garden
  • Full utilities (electricity, A/C, water, building maintenance)
  • Ground floor car parking

DMC Media Business Centre

DMC’s Media Business Centre provides state-of-the-art facilities which are ideal for professionals in the media industry, media freelancers and small-medium enterprises.

Features of Media Business Centre

  • Furnished and fully serviced commercial space
  • Ideal business environment and community for clients
  • Organised media events and the promotion of innovative ideas to promote business growth
  • One-Stop shop providing services such as issuing of visas, sponsorships, quick registration of companies, licensing, traffic and postal services
  • Handling of clients’ guests, reception services, office management, building maintenance, housekeeping, mail collection and distribution
  • Broad range of license types
  • Attractive leasing rates
  • Short and long term leases

Media Business Centre Office Space

The Media Business Centre provides the following types of office space:

  • Executive Office: fully serviced and furnished office units with garden views for FZ-LLC companies
  • Executive Desk: spacious private office with desk, ideal for companies and freelancers seeking flexible facilities
  • Open Offices: desks located in an open space
  • Hot Desks: shared open office space ideal for freelancers and start-ups
  • Association Centre: fully serviced and furnished office space specially for non-profit media organisations

Car Parking System

A system for the management of car parking for reserved parking and road metered car parking has been put in place by The Dubai Road and Transport Authority (RTA) to deal with the high demand for car parking spaces in DMC.

Dubai Media City Free Zone Major Clients

DMC’s major clients include:

  • Publicis Groupe
  • IPG Interpublic Group
  • Bertelsmann
  • Showtime
  • Rotana
  • WPP
  • Aegis Media
  • Dowjones
  • Thomson Reuters
  • ITP Publishing Group
  • Mc Graw Hill
  • Forbes
  • CCTV
  • BBC
  • CNN
  • CN Cartoon Network
  • CNBC
  • Sony Pictures
  • Xerox

Dubai Media City Free Zone Awards

2003 “Gulf Brands of the Decade Award” (Government, Semi-government and NGO’s category)
2005 Leadership award for ‘Service to Industry’, ITP Business and Digitalstudio Magazine
2008 Newsweek Award of Excellence for outstanding contribution to the media industry
2010 First place for Best Promotion and second place for the Best Incentives category globally and the Middle East by fDi magazine in the 2010/11 Global Free Zones of the Future Rankings
2011 ‘Best Live Music Venue’ for the DMC Amphitheatre by TIME Out Nightlife Awards 2011

Information to download:

DMC Corporate Video

Dubai Media City (DMC) Free Zone Map

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