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How To Setup Business In Dubai Media City Free Zone?
Dubai is the best place for setting up a Media Company as there are many companies who want quick growth and the media is getting the best response as compared to any other industry. The government provides a separate park to the media city which is a free zone area.
Planning To Start Your Company In Dubai Media City Free Zone?
Dubai is the best place for setting up a Media Company as there are many companies who want quick growth and the media is getting the best response as compared to any other industry. The government provides a separate park to the media city which is a free zone area. That means the business which is established in the free zone does not need to share its own business with any other local residence. These free zone areas have different authorities and rules which is followed by everyone whose business comes under the free zone area.
How to apply for a License in the Media Company In Dubai Media City Free Zone?
Opening a Media Company you must have commercial licenses because your company is established in a free zone area. Their rule according to limited liability companies is that if your business is located in a free zone then you must have to apply for a commercial license. According to Dubai Media authority every year you have to renew your license and if there’s any delay then you have to pay penalties also.
After a year if you want to change the name of your company then according to the Dubai companies act you have to provide this information to limited liability companies and also apply for a commercial permit again. The above procedure is just not for the name but any information related to your business which comes under the category of important information like address, services and etc. When there is any change in your capital or share transfer etc. then also you have to showcase these all information to LLC.
Kinds of Company - Dubai Media City Free Zone
There are many types of companies and every company has its own subparts. Dubai Media also have different but interlinked types because the area is called a free zone. The free zone area has Freezone Limited Liability Company and freelancing permits. Another aspect is branch office.
The following are steps which are followed for applying a incorporation in DMC free zone are:
- Submit the application in DMC for incorporation.
- Showcase your document in front of DMC-FZ authority and wait for C.C.L.
- After getting a customer confirmation letter which is signed by DTMFZA head then submit that letter for license approval.
- After following the above step you will get your commercial license within 2-3 week.
The above we mention the three types the other type that branch offices have the process or procedure for applying but the difference is that you cannot register your company as a separate legal entity.
Dubai has strict rules which are good for any business to set up their business and can work for a long time and earn more profit. In the case of freelancer, they have to apply for a license also as if they want to play a role in commercial activities in Dubai. The freelancer needs to apply for a freelancer permit, in which they need to deposit the copy of their passport and application also. They have to showcase their plan to the authority so that there will be no problem in future.
What are The Paper’s required to create a company in Dubai Media City Sector?
Very few and important documents are required to open a company in Dubai and there are two types of people who can apply for Dubai Media City one is a foreign investor and another one’s company.
In the case of foreign investors the documents which are necessary to submit as per the law of Dubai Media City. The following are important documents list if the shareholder is not a public person.
- Application form of license
- Applicant, manager and director passport
- Showcase your business plan and service
- Introduce your legal representative
- Another one is when the company is applying to open a company in Dubai Media City as a corporate shareholder:-
- Submit the application form
- Company Certification of incorporation proof
- Explain the business structure
- Share the information about the manager, director and legal representative.
Benefits of establishing a company in the DMC-Free Zone
The foreign investor will not need to share their ownership with anyone if they establish their company in a free zone area. The business income and your personal income will not get affected because they’re in tax on profit and the capital gain of your company until fifty years guaranteed. Your business will be free from customs duties and establishing a co. in media city is very easy because the procedure does not take time as compared to other companies setup.
There are so many benefits which are provided by the authority of the free zone and our company Make My Companies will help you establish a company in Dubai just not media but any company. Feel free to contact us, our team is always ready to share the necessary requirements and procedures which are faced by every company.