Dubai Production City, one of the well-known media-related free zone clusters under TECOM Group management, was founded in 2003. The Dubai Development Authority (DDA) is in charge of licencing, rules, and the business setup procedure in Dubai Production City. The free zone is intended to serve as a premier centre for profitable commercial ventures including media production, publishing, printing, packaging, and so forth.
Foreign investors can directly access the advanced infrastructure, business-friendly atmosphere, retail and residential developments, and the chance to be a part of a lively community of media professionals, entrepreneurs, and investors by establishing a business in Dubai Production City. The free zone has expanded quickly over the years and has managed to keep up its positive reputation among foreign investors.
Types of Corporate Structure in Dubai Production City
- Free Zone Company (FZCO): Allows shared or separate shareholder options with minimal capital requirements.
- Free Zone Establishment (FZE): Provides sole ownership opportunities with flexible business setups.
- Branch Offices: Extensions of foreign companies, benefiting from 100% ownership and tax exemptions.
- Limited Liability Company (LLC): Permits partnerships between local and foreign investors, requiring a minimum of two shareholders.
Each structure offers distinct advantages in ownership, taxation, and operational freedom, fostering business growth within Dubai Production City.
Why You Must Set Up a Business in Dubai Production City?
Setting up business in Dubai Production City has several added benefits. Certain advantages such as the area being prime location, its amenities, the tax regulation, ownership structure, etc. would pique the attention of entrepreneurs more. The following is a summary of the advantages of setting up a company in Dubai Production City based on these parameters –
- Location strategy
- whole ownership by foreigners
- Use of cutting-edge technologies
- Complete repatriation of earnings and capital
- There is no personal income tax or business tax
- Excellent access to all regional trading hubs and top-notch infrastructure
- Numerous amenities, such as fully furnished offices and warehouses, in addition to several other facilities and amenities.
Documents Required to Set Up Business in Dubai Production City
To set up a business in Dubai Production City, commonly referred to as DPC, several documents are typically required. These include –
- Passport Copies: Copies of passports for all shareholders and partners involved in the business.
- Visa Copies: Copies of valid UAE visas for all stakeholders.
- Trade Name Reservation: Approval for the desired trade name from the Department of Economic Development (DED).
- Memorandum of Association (MOA): A legal document outlining the company’s structure, shareholders, and activities.
- Tenancy Contract: A lease agreement for the business premises within Dubai Production City.
- NOC from Sponsor: A No Objection Certificate from the sponsor, if any of the partners or shareholders are sponsored by another employer.
- Business Plan: Detailed plan outlining the nature of the business, its operations, and projected finances.
These documents are essential for the successful establishment of a business within Dubai Production City.
Business Set Up With AIMS UAE
Our area of expertise at AIMS UAE is assisting customers with the company creation procedure in Dubai and its free zones. Because our staff of committed business setup advisors is well-versed in the legal nuances involved, we can assist you with the establishment of your company with ease.
If you’re thinking about launching a company in Dubai Production City, we can offer tailored solutions and insightful advice to ensure your company formation process runs smoothly. Reach out to us right now to discuss your options.
Contact our company formation experts at AIMS UAE if you’re interested in establishing a business in any of the aforementioned industries. You can rely on our skilled and knowledgeable staff to assist you throughout the whole Dubai Production City company formation procedure.
Frequently Asked Question
No, a local sponsor is not required for businesses established in Dubai Production City. This eliminates the need for a local partner, allowing entrepreneurs to retain full ownership and control over their ventures.
Yes, Dubai Production City allows businesses to apply for multiple business activities under a single license. This streamlined approach enables entrepreneurs to diversify their operations and explore various opportunities within the free zone.
Yes, businesses established in Dubai Production City enjoy significant tax benefits, including exemptions from corporate and personal income taxes for a specified period. This favourable tax regime enhances the competitiveness of businesses and promotes investment in the free zone.
Contact us now for a smooth business set-up procedure.
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