Among the most different of things that the UAE has, Dubai Media City is one of them. The free zone was established in 2001 with the aim of helping all sectors of the media industry to grow and become successful in the UAE. The Dubai free zone provides just the right environment and world class equipment that complements the goals that are being pursued through the encouragement of media and its branches.
The free zone has been able to pull a huge number of companies towards itself. A figure of more than 2000 media companies is said to be involved in relevant business activities in the Dubai Media City today, thereby expanding the range of products being provided by the free zone. The provisions of the media city free zone have been successful at attracting big names like CNN and Sony.
It is no surprise that with names as big as the ones mentioned above, the smaller firms are also sensing the opportunity to succeed in the field by setting up operations in the Dubai free zone.
Some features make Dubai Media City investor friendly:
One of the major issues that investors face is the paper work and long processes that work as friction between investment and prospects. Here are some of the steps you need to follow:
A parent company, which can be a foreign company, can open up its branches in the Dubai Media City. The process is quick and smooth as made by the authorities.
Even if there are freelancers who are willing to work in the DMC, the law requires them to be registered and go through the process that makes them an official part of the free zone. A proper application form has to be submitted along with all the required documents.
As mentioned above, setting up a company in the DMC is easy and the requirements for this are also not too many:
For a corporate shareholding company, the following documents are required:
A business setup in Dubai Media City can enjoy all the incentives that the authorities has provided to companies formed within the free zone, without any questioning. A list of facilities provided to businesses can be seen below: