Founded in 2001, Dubai Media City (DMC) serves as a hub for news organisations, digital media, publishing, production, and television broadcasting facilities. By 2020, DMC will have more than 20,000 members in the media community, employed by more than 2,000 local, national, and worldwide media businesses.
With the development of Dubai Media City, media companies like Associated Press, CNBC, Thomson Reuters, Khaleej Times, Turner Broadcasting, and others have established their regional or national offices. Due to Dubai’s efforts in the local and regional media scene, the emirate has been chosen to serve as the Arab Media Capital 2020.
How to Set Up a Business in Dubai Media City?
The DMC’s normal licencing procedure is simple to follow. If you need further authorization from the UAE National Media Council or other outside organisations, there can be additional steps needed. The lease that is outlined below comes directly from TECOM. However, if you choose a private landlord, you will have to present an Ejari or registered lease agreement.
- Fill out the DMC website’s online application, then wait for their response. The duration of this process is three to seven business days.
- After the application has been approved, submit all supporting documentation. A letter of customer confirmation will be generated by DMC.
- Execute the payment of the DMC company charge and sign the client confirmation document.
- Sign the Memorandum of Association
- After the company’s share capital is deposited into a UAE bank account, your licence and lease will be prepared.
- To sign the leasing and staff sponsorship agreement, go to the TECOM Leasing Department.
- At last, you can get your licence and begin doing business.
- After incorporation, it is strongly advised that you designate an authorised auditor to ensure that you have no issues when renewing your licence.
What are the Documents Required to Set Up Business in Media City, Dubai?
Here are the documents required to set up business in Dubai Media City –
- Visa copy
- Business plan
- Passport copy
- Passport photo
- Licence application form
- Proof of share capital of AED 50,000
- NOC (applicable only for UAE residents)
- Emirates ID (suitable only for UAE residents)
Avail the Benefit of Setting Up Business in Dubai Media City With AIMS UAE
Thanks to its world-class facilities and simple business establishment process, Dubai Media City is the top option for foreign investors looking to start up a smooth media business in Dubai. Using the experience of excellent company setup experts becomes crucial while navigating the complexities of starting a firm. Expert advisors in Dubai can assist you in selecting a viable business venture, securing a trade licence, and overseeing many processes. Reputable advisors, like AIM UAE, contribute experience and provide entrepreneurs with market intelligence, legal insights, and skillful support in communicating with regulatory bodies.
Dubai Media City has a group of extremely skilled company setup advisors in Dubai, United Arab Emirates, who are knowledgeable about free zone procedures, immigration rules, and labour laws. Their proficiency includes helping investors with the creation of a Memorandum of Association (MoA), expediting the process of obtaining a visa, opening bank accounts, and assisting with other crucial parts of forming a company in Dubai Media City. Investors may easily traverse the hurdles and ensure a smoother road toward attaining their business objectives with the comprehensive support of AIMS UAE
Frequently Asked Question
DMC welcomes a wide range of businesses related to media, marketing, advertising, publishing, production, and technology. This includes but is not limited to media agencies, production companies, freelancers, and content creators.
Costs vary depending on the type of business activity, office space requirements, and additional services. However, DMC offers competitive pricing packages and flexible payment options to accommodate different business needs.
No, one of the key advantages of setting up in DMC is that foreign investors can own 100% of their business without the need for a local sponsor or partner.
