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International Media Production Zone (IMPZ) Free Zone Company

International Media Production Zone (IMPZ) Free Zone Company Formation

Introduction – Free Zone Focus

International Media Production Zone (IMPZ) is part of the TECOM Investments’ Media cluster. It is based in Dubai Technology & Media Free Zone (DTMFZ).

IMPZ was established in July 2003 to fulfil the specific needs of the media production sector. It has become the largest media production free zone devoted to the printing, publishing and packing (PPP) industries. All types of media companies have set up companies in IMPZ, from well-known multi-nationals to SME’s as well as start-up companies. Companies with business activities such as printing, publishing, graphic art, packaging and media production are housed within IMPZ and take advantage of the many free zone benefits as well as enjoy regulations that are geared towards hassle free operations.

Currently there are around 1800 qualified media professionals working at IMPZ.

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

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 Competitive Advantages: Why International Media Production Zone?

  • 100% foreign ownership
  • 100% personal and corporate tax free for 50 years
  • 100% repatriation of profits and capital
  • Zero customs duty for goods and services
  • Cluster working environment providing interaction and cooperation
  • Well known global, regional and local industry players
  • Suppliers and providers throughout the value chain located together
  • Infrastructure and services which enable success and profitability
  • Ideal business environment
  • State-of-the-art technology and advanced processes
  • One-stop shop offering governmental services – access to government and regulatory authorities
  • Simple, hassle-free setup of companies
  • Simple legal framework and company laws
  • 24/7 visa service
  • Access to Knowledge Workers – fast-track immigration process

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International Media Production Zone Contact Details

IMPZ is on the Mohammed Bin Zayed Road, adjacent to the DIP roundabout.

P.O.Box 53777
Tel: +971 4 391 1122
Fax: +971 4 391 8067
Website: www.impz.ae

Working Hours:
7.30 am – 4.30 pm
Sunday -Thursday

Key People

Mohammad Abdullah
Managing Director, Media Cluster, TECOM Investments

Saaed Al Falasi
Executive Director IMPZ

International Media Production Zone Company Registration Process

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

Six steps to set up a FZ-LLC in the case 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, please visit the IMPZ website for more information.

Steps and Documents Required Client Actions
IMPZ / DTMFZ Actions

Step 1:

Submit application for provisional approval

Documents Required:

Application form for company registration

License application form

Business plan

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

Contact a sales person at IMPZ and submit application

Evaluate client’s application

Inform the client of any external regulatory body approvals required

Timing: 5 working days

Step 2:

Submit legal documents for company registration

Documents Required:

Application form for company registration

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

Submit the legal documents for registration of the company to IMPZ sales person

Issuing of Customer Confirmation Letter

Timing: 2 working days

Step 3:

Sign and return Customer Confirmation Letter and make the necessary payments

Sign and return Customer Confirmation Letter and make payments (registration and license fee and first lease installment) to the IMPZ sales person

Review of legal documents and preparation of MOA, AOA and Bank Introduction Letter

Timing: 3 working days

Step 4:

Sign Articles & Memorandum of Association

Visit Sales Department at IMPZ to sign AOA, 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 IMPZ

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, AOA and MOA

International Media Production Zone Services

  • Types of companies registered
  • Commercial licenses
  • Issuing of visas
  • Advertising and venue management services (AVMS)

Types of Companies Registered

Dubai Technology and Media Free Zone Authority approves the setup and registration of IMPZ’s companies. It also monitors all procedures involved in the setup of IMPZ’s companies.

Free Zone LLC (FZ-LLC)

  • A legal entity with individual persons and / or entities as shareholders
  • Minimum one director
  • Minimum capital requirement AED 300,000

Note: Minimum capital requirements for the following segments only:

  • Printing machinery and printing consumables manufacturing – AED 500,000
  • Printing press – AED 500,000
  • Publishing – AED 200,000
  • Graphic arts support services – AED 50,000

Branch

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


Commercial Licenses

Features of Commercial Licenses:

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

Amendments to Licenses

Clients can request the following changes to their licenses:

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

Transfer of Shares

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

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

Other Amendments to Licenses

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

Licensing Sectors

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

  • Publishing
  • Graphic arts services
  • General support services
  • Storage services
  • Design services
  • Printing machinery
  • Printing consumable manufacturing
  • Printing press
  • Packaging
  • Packaging machinery and consumable manufacturing
  • Providers of legal, auditing, accounting services
  • Providers of property management services
  • Providers of travel, insurance and courier services
  • Regional headquarters – representative offices, call centres, marketing offices
  • Hotels, apartments and leisure facilities

General Sectors

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

Issuing of Visas

The issuing of visas is offered by the Government Services Operations (GSO) department of TECOM. The GSO department also provides other services such as immigrations services, postal services through its one-stop shop.

Advertising and Venue Management Services (AVMS)

A wide range of advertising options are offered by Advertising and Venue Management Services which are provided by TECOM. A wide range of indoor and outdoor advertising facilities are available, including indoor and outdoor venues.

International Media Production Zone Products

  • Ready-made units
  • Offices
  • Plots of land

Ready-Made Units

  • Units can be either warehouses or showrooms
  • Sizes available: 615 – 10,000 sq ft
  • Full utilities – electricity, water, A/C, maintenance etc

Offices

  • Sizes available offices: 615 – 10,000 sq ft
  • Full utilities – electricity, water, A/C, maintenance etc

Plots of Land

  • Sizes available offices: 64,000 sq ft – 120,000 sq ft
  • Lease period 30 years

Information to download:

IMPZ Corporate Video

International Media Production Zone (IMPZ) Map

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