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How to Setup a Media Company in Dubai?

By Ananya - 07 Apr 2022 Last Updated: 07 Apr 2022
How to Setup a Media Company in Dubai?

Dubai is one of the most profitable business places in the world. Because of the booming economy, business-friendly environment, and government assistance, you can find success in any field or industry, from medicines to food and perfume to media. If you are an entrepreneur with a passion for the creative, a media firm business setup in Dubai may be the ideal option for you. With Dubai Media City, you can easily launch your media company in Dubai.

Dubai Media City is a member of TECOM Investments and is located and operated under the jurisdiction of Dubai Technology and Media Free Zone (DTMFZ). It was founded in 2001 and is now the major headquarters for all global activities of global media conglomerates such as Forbes, CNN, Sony, Reuters, and others. Here's everything you need to know about establishing a media company in Dubai.

Procedure for Establishing a Media Corporation in Dubai

In order to establish a media company in Dubai, you must first seek permission from the Dubai Technology and Media Free Zone (DTMFZ) Authority. The Dubai Technology and Media Free Zone Authority must authorise the establishment and registration of all DMC enterprises. AED 50,000 is the minimum share capital necessary to start a business in the DMC.

Setting up a media company in Dubai entails the following steps:

  • For approval, you must submit an application form to the DTMFZ online.
  • Once your application has been approved, you must send the required legal documents and photocopies. After that, DTMFZ will send you a customer confirmation letter.
  • You must sign and return the customer confirmation letter, as well as complete the necessary payments.
  • In the presence of the company's shareholders, sign the Memorandum of Association.
  • Submit the entire share capital. The minimum share capital for establishing a media firm in Dubai is AED 50,000.
  • Sign the sponsorship agreement and lease agreement to acquire the license.

Documents required for Media Company Business setup in Dubai

The following documents are required to be submitted for obtaining a license for setting up a media company business in Dubai:

  • Duly filled application form for company registration
  • Duly filled application form for license
  • Business plan
  • Original Memorandum of Association and Articles of Association
  • Color photocopies of passport of directors, managers and legal representatives
  • Board Resolution
  • Proof of share capital
  • NOC from residency visa sponsor
  • Managers’ specimen signature
  • Proof of license and registration fee

What are the Advantages of Establishing a Media Company in Dubai?

Dubai is a country of opportunity and progress, and establishing a media company in Dubai allows you to gain numerous benefits, including:

  • 100 % ownership of the company
  • There is no/low business taxation and no personal taxation.
  • A cluster working environment is ideal for a media company.
  • 100% refund on Capital and profit
  • The availability of world-class infrastructure facilities
  • No charge on Import Duties

What is Dubai Media City?

Dubai Media City is a community of the UAE's and the world's largest media company. The world's major radio, television, publishing, and advertising corporations, as well as freelancers and startups, coexist in 25 buildings to form one of the world's largest media centers. For any prospective entrepreneur wishing to establish a media company in Dubai, the Dubai Media City, with its limitless opportunities for faculty achievement and collaboration, is the most fertile ground for growth.

Types of companies you can set up in Dubai Media City

Different Types Of Licenses for Media Company Business Setup in Dubai

There are various types of media licenses available for media companies in Dubai Media City, as listed below:

  • TV/Radio broadcasting license
  • Publishing license
  • Film distribution or management license
  • Media and marketing services license
  • Music and entertainment license

Dubai Media City's License Renewal

Business renewal in Dubai Media City freezone is a low-cost and straightforward process. Beginning with your company's second annual renewal, you will be required to submit an audit report.

To complete the renewal procedure for your company, you must pay the renewal cost and submit the completed lease for your facility. One benefit is that your actual presence in Dubai is not required for renewal, which can be done through an agent.

Dubai Media City Business Liquidation

Company liquidation, like renewal, does not require the personal presence of the owner and can be completed through an agent. To complete the liquidation process, you must pay the government charge.

The following steps are involved in the liquidation of a company and take about a month to complete.

  • Visa cancellation
  • Termination of Lease Agreement
  • Bank account closure

Conclusion

To register your business in this free zone, you must complete a number of steps, some of which are complex and some of which are simple. The specifics of this process, however, will be heavily influenced by the sort of license you are looking for and the type of business you desire to operate. That is why, before beginning any of these procedures, you should always contact a company setup consultant who will walk you through every aspect of the application, finally guaranteeing the complete process takes no more than a few hours of your time. Dhanguard is available to assist you in establishing a business in a DMC Freezone. Contact us today!!

Dhanguard provides the business setup and company formation services in Dubai, UAE with the guidance of our professional team of consultants. Faster and hassle-free company setup in Mainland and Freezone in UAE.

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