DUBAI MEDIA CITY FREE ZONE ONSHORE COMPANY

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  • Deliver your Dubai Media City Free Zone Company in 5-15 Days
  • Open a bank account with e-banking and credit card
  • Secure your tax optimisation
  • Value for money services, no hidden costs
  • Full confidentiality
  • Prompt, professional and personal service at all times
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A HIGHLIGHT OF DUBAI MEDIA CITY FREE ZONE (ONSHORE) COMPANY

Dubai Media City (DMC) Free Zone UAEA free zone is basically a specific designated area within the United Arab Emirates where you may incorporate certain entities under specified rules.

DMC (Dubai Media City) has been in existence since January 2001 and has grown over the years to be a prosperous business community that hosts both regional and global media companies. DMC is bordered by the Marina District to the West, Sheikh Zayed Road to the South and Palm Jumeirah to the North. Sectors in which businesses can apply for inclusion in the DMC business community are such as Advertising and Communication, Media Support Services, Event Management, Media and Marketing Services, Media Consultancy, Freelancers, New Media and Non Profit Associations.

DMC falls under the Jurisdiction of Dubai Technology & Media Free Zone. It is regulated by DTMFA (Dubai Technology & Media Free Zone Authority), an independent government body.

LICENSE TYPES

Services: media & marketing, advertising & communication, media consultancy and event management, etc.

Commercial: trading in different products.

Freelance permit: this license provides holders with opportunities to operate as freelance professionals.

REGISTRATION FORMS

Free Zone Limited Liability Company (FZ-LLC): This is an independent separate legal entity that has its shareholders being either individuals or entities or both.

Foreign Company Branch: Applicant is a foreign (registered) corporate: There is no minimum share capital required.

UAE Company Branch: UAE registered corporate person is the applicant and there is no minimum capital requirement.

 

KEY BENEFITS

DMC is a TECOM Investment Media Cluster member that is based in Dubai Technology & Media Free Zone. Benefits of having business operations in DMC:

  • Full foreign ownership;
  • 100% profits and capital repatriation;
  • Exemption from paying custom duty for services and goods (imports);
  • An economically viable environment that is key in business development and advancement;
  • Presence of leading global, regional and local players in the communities;
  • Top class infrastructure that seeks to support businesses’ and cluster’s growths;
  • A simple and easy incorporation process;
  • Flexible laws and general legal framework;
  • Availability of government services such as visa, postal services and licensing among other services;
  • Enhanced access to Knowledge Workers because of the effective immigration process;
  • Confidentiality of business records.
 

DMC TAXES

One of the most advantageous things about establishing a Media City Company is that companies benefit from a full 50 years tax (both personal and corporate taxes) exemption.

 

DUBAI MEDIA CITY FREE ZONE COMPANY CORPORATE AND LEGAL FEATURES

COMPANY NAME

4 preferred company names need to be forwarded to the authority for approval purposes. The authority aims on reserving the first choice.

DIRECTOR

At least one director / manager is required.

SHAREHOLDER

At least one shareholder is required.

SHARE CAPITAL

A minimum share capital of AED 50,000 and a maximum of AED 500,000 with the exclusion of broadcasting activities which is AED 2,500,000. The minimum share capital should be deposited in the company’s bank account and proof of the deposit forwarded to the authority before receiving the trading license. Company branch establishment are exempted from minimum share capital if the branch is in DMC.

OFFICE

All licenses, freelance permits included are subject to leasing a facility. The facility should be within Dubai Technology and Media Free Zone.

LICENSE

The license’s validity is limited for only establishing a business in the free zone. The validity of licenses is one year after which they should be renewed.

AUDIT

Businesses should conduct an annual financial audit that should then be forwarded to the authority. The stated reporting period is one year but businesses are free to choose their own reporting periods. It is important to note that the period should not be less than 6 months or more than eighteen months.

 

VISA APPLICATIONS

The number of visas that companies are eligible for is dependent on the office size. Generally, one visa is available for 10 square meters but the issuance of the licenses is treated separately by the DTMFZA and is determined by the business activities being undertaken. Visas take 4-7 working days to be processed but this duration is subject to immigration department’s approvals.

 

IMPORTANT INFORMATION

  • If you wish to use a free zone company to trade in the UAE you can either result to using an LLC company that holds an imports/exports license or strike a deal with a logistics company to oversee the clearance and delivery of your goods to the mainland;
  • For service companies that wish to undertake service provision to companies not in the free zone, the general rule provides that the services should only be provided within the jurisdiction of the free zone;
  • Free zone license holders are exempted from custom duty for goods and services imports from foreign countries. Custom duty only applies when goods are moved outside the free zone. There are however warehousing facilities that provide storage services for goods that need to be stored and later re-exported. In such a case, a deposit (equal to the custom duty of the goods) is paid and refunded after the re-exportation of the goods;
  • Custom duty for most products is calculated at a rate of 5% of the CIF value. Liquor/alcohol imports are subjected to 50% of the CIF value while tobacco products are subjected to 100% CIF value. On the other hand, basic commodities like foodstuffs and pharmaceutical products are duty free and thus not subjected to any custom duty;
  • Documents required by custom authorities are such as bill of lading, invoice papers, certificate of origin and goods declaration. However, additional documents may be required and as such, it is advisable to visit www.dubaicustoms.gov.ae for more information;
  • You can use a distributor so as to sell goods in the local market. A free zone may most likely not retail its goods to the local market.