Sunday 20 October 2019 (UAE)

Dubai Media City (DMC)

Dubai Media City (DMC)

The Dubai Media City is a member of Dubai Holding (a Dubai government investment group) and a tax free zone in which media related companies could establish themselves. Regulatory environment is governed by TECOM (Dubai Technology, Electronic Commerce and Media Free Zone Authority - established in 2000) which oversees a number of other Free Trade Zones in Dubai.

Companies with a minimum startup capital of 50,000 dhs are incorporated as a Free Zone Limited Liability Company (FZ-LLC) and DMC facilitates all arrangements for starting a business and getting set up in Dubai. It has a reputation for doing this quickly and easily compared with organising your own residence visas, work permits, and so on. The company is permitted to have 100% foreign ownership (outside Free Zones companies are required to have a local sponsor, and foreign ownership is maximum 49%) and there is a guaranteed 50 year tax exemption status.

Set up costs will vary depending on how you operate but the cheapest option is as a Freelancer and is likely to cost at least 20,000-30,000 dhs for freelance permit and trade license, hotdesk space (hot desk meaning shared desk space) in Dubai Media City, visa costs, etc for the first year.

Activities

The Dubai Media City Authority is licensed to establish companies in the areas of

Companies in Dubai Media City

Some of the larger and/or more well known companies with headquarters or at least a presence in DMC are

Dubai Media City numbers (source - Emirates Business 10 February 2008)
Contact Details
Last update Sunday 24-Apr-2011.
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www.dubaifaqs.com/dubai-media-city.php (PDF and print version).

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