Dubai Media City has cemented its status as the Middle East’s most progressive media community. The free zone houses the world’s largest media brands as well as local media companies. Setting up a business in Dubai Media City is a golden opportunity to be part of a thriving community where freelancers, startups and large media businesses co-exist. Company formation in Dubai Media City guarantees the foreign entrepreneurs the benefits of 100% ownership, total repatriation of profits apart from a highly developed media infrastructure.

The following are some of the other major advantages of incorporating a company in Dubai Media City Free Zone:

1. Distinctive Cluster Ecosystem

Dubai Media City offers a unique collective environment where a work campus is dedicated to the businesses falling under a specific industry value chain so that they can interact and collaborate effectively towards a common business goal.

2. Integrated Coworking Spaces

Business setup in Dubai Media City gives the investors access to a dynamic business environment in a wide range of shared and private spaces, Flexi desks, shared and private offices, meeting rooms and more. The coworking spaces are fully integrated and ready to use, which enables SMEs, startups, and freelancers the opportunity for affordable business setup in Dubai.

3. Easy Business Setup Procedure

While setting up a company in Dubai, most foreign investors are worried about the potential delays in getting their trade license issued. However, company incorporation in Dubai Media City is mostly hassle-free, and the free zone regulations are less stringent compared to the mainland. Further, the investors can always avail the services of the best business setup consultants in Dubai who will free the investors from the hassle of dealing with the free zone authorities.

4. Address in a Prime Location

Dubai Media City is one of the most centrally located free zones in the emirate that provides investors with a prestigious business address. The free zone is just 20 minutes away from Dubai International Airports. Extensive road links make Dubai Media City easily accessible from other emirates in the UAE.

Business Activities Permitted in Dubai Media City

Identifying business activity is the first step in setting up a business anywhere in Dubai. Investors should first check with Dubai Media City to see if their desired activity is permitted in the free zone. Instead of approaching the Free Zone Authority directly, the entrepreneurs can call the best business setup consultants in Dubai who will simplify this process for them. Below is a list of some of the major activities permitted for business setup in Dubai Media City,

Media & Marketing Services

Business & Information Services

New Media & Media Support Service

Event & Leisure

Consultancy and Retail

Media and Marketing Consultancy

Advertising and Communication

Process of Business Setup in Dubai Media City

Investors need to submit a properly filled application and relevant documents to commence the process of business setup in Dubai Media City. A minimum share capital is required to be deposited to start a business in Dubai Media City. The process of business setup can be completed in the following steps:

1. Fill out and submit the application form to the free zone authority. To ensure proper submission, the assistance of business setup consultants in Dubai can be availed.
2. Submit all the documents for approval from the authority. Wait for approval from the authority.
3. Sign Memorandum of Association in the presence of shareholders. Drafting of MoA will be done by the best company formation specialists in Dubai on behalf of the investors.
4. Sign the lease agreement and collect the license

Documents Needed for Business Setup in Dubai Media City

Along with the application, the following documents are required to be submitted,

(a) Business plan

(b) Colour copy of the passport of manager/director/legal representative

(c) Original MOA and AOA

(d) Board resolution

(e) NOC from residency visa sponsor

(f) Proof of share capital

(g) Managers’ specimen signature

(h) Registration and License fee

Compliance Requirements in Dubai Media City

Companies operating in Dubai Media City are liable to meet various reporting requirements such as Ultimate Beneficial Ownership (UBO), Economic Substance Regulation (ESR) and Anti-Money Laundering and Combatting the Financing of Terrorism( AML-CFT). Business owners, with the help of business setup consultants in Dubai, must assess their compliance status. Failing to meet these requirements will lead to hefty penalties and reputation damage. Companies undergoing liquidation in Dubai Media City are also required to meet these requirements.

Avail of the Best Business Setup Services in Dubai

Due to the easy business setup procedure and world-class infrastructure, foreign investors seeking to set up a media business in Dubai must consider Dubai Media City as their first choice. Right from choosing the business activity to securing a trade license, there are a host of processes involved that can be made easier with the help of the best business setup consultants in Dubai. Having an experienced business setup adviser like Jitendra Business Consultants (JBC) provides the entrepreneurs with the benefits of legal know-how, market knowledge, and assistance in dealing with the authorities.

JBC has a team of highly qualified business setup consultants in Dubai, UAE, well-versed in labour laws, immigration laws and the free zone regulations. JBC helps the investors draft the MoA and provides help with visa processing, bank account opening etc. With JBC by the side, company formation in Dubai Media City becomes easy. Thereby the investors can achieve their business goals.