Dubai Media City spans 400 hectares and features over 45 buildings that host the world’s largest media companies, both global and local. This dynamic community in Dubai includes businesses across television, radio, print, and advertising sectors. It serves as a key location for media giants such as Forbes, CNN, Sony, and Arab Media Group, among others. However, Dubai Media City isn’t exclusively for large media enterprises; it also provides a space where freelancers and startups can thrive together. As a global media hub, it fosters a creative environment where media businesses can connect and collaborate. Here are some advantages of doing business in Dubai Media City:
- 100% foreign ownership
- Great networking opportunities
- World-class infrastructure
- 100% repatriation of profits and capital
- Inexpensive workforce
- Low corporate taxes
- Easy to sponsor family
- Low import duty
- No personal taxes
- Bank account facility
- Multiple visa options
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With a business in Dubai Media City, you get to be in one of the most amazing cities in the world in an area that’s become very profitable. Let YUGA Accounting & Tax Consultancy guide you through the setup process so you can start taking advantage of this artistic community.
Documents and Steps Needed to Get Your Business License in Dubai Media City
Here is a list of the required documents and steps to set up your company in Dubai Media City.
01
Steps to Get Your Business License
- Submit an application form online and submit it to the DTMFZ for approval
- Sign the Memorandum of Association
- Sign and return the customer confirmation letter and make the payment
- Submit the legal documents that are required
- Deposit the total share capital
- Sign your lease and sponsorship agreement
- Receive your license
02
Required Documents
- Application form for company registration
- Business plan
- License application
- Agreement for personnel secondment
- NOC form residency visa sponsor ( if manager is a resident of UAE)
- Color copies of passports for: manager, director, and legal representative
- Board Resolution in case of foreign branch
- Proof of share capital
- Manager’s specimen signature
- Registration and license fee
Types of Licenses Available in Dubai Media City
To operate a business in Dubai, you need to obtain a license; without it, your business will not be legally compliant. Here are the types of licenses available for businesses in Dubai Media City:
- TV or Radio Broadcasting License
- Web Design License
- Media and Marketing Services License
- Publishing License
- Music and Entertainment License
- News Agency License
- Film Distribution or Management License
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If you’re considering entering the media industry, Dubai Media City provides numerous opportunities for growth and collaboration. The area is renowned for its vibrant networking scene and business-friendly environment. Here’s a list of business activities that can thrive in this creative community:
- Advertising and communication
- Marketing services
- Media services
- Media consultancy
- Event management and support
- Business information
- Freelancing
- Marketing consultancy
- Media associations