Dubai Media City Free Zone (DMC) was established in 2000 by governmental decree and it is a regional network for media companies. There are over 1,300 companies established in the DMC Free Zone currently. The Dubai Media City Free Zone legislation is provisioned by an independent entity called Dubai Technology and Media Free Zone Authority (DTMFZA) that enables companies to conduct business activities in a premium environment based on international standards.
In DMC, commercial licenses are issued for free zone limited liability companies, for branch offices and for freelancers according to the Dubai Technology and Media Free Zone Authority regulations. All licenses are issued by the Registration and Licensing Department within the DTMFZA. The permits have one-year validity and they can be renewed yearly. It is also important to know that delaying the renewal of the commercial license draws penalties.
DMC commercial permits can also be amended if the company changes its name, its status from branch office to limited liability company, if any management, address or business activity changes appear. Also if share transfer or capital injections or reductions appear, they all must be mentioned in the license. Mergers are also permitted between companies in the DMC, while license annulment is possible through an on-line procedure.
Find out more information on the Dubai Media City Free Zone from the video below:
The Dubai Media City Free Zone offers three types of company formation: free zone limited liability companies, branch offices and freelancing permits.
The most common type of company is the free zone limited liability company (FZ-LLC) that requires the following steps for incorporation:
Once all these steps have been completed, the commercial license will be issued.
In order to incorporate a branch office, the process is almost the same, except the Dubai branch office will not be registered as a separate legal entity but as an extension of the parent company that can be foreign or national.
Freelancers also have the possibility to require a license in order to conduct commercial activities in the Dubai Media City Free Zone. In order to obtain the freelancer permit, the individual must submit a copy of his/her passport; fill an application form and a business plan form. Once the documents are ready, they will be filed with the Dubai Technology and Media City Free Zone Authority and it is required to be paid the fees in order to receive the freelance license.
Foreign investors can set up a free zone company which can have a natural person or another company as a shareholder.
The following documents are required if the shareholder is a private person:
In case the company to be registered in Dubai Media City has a corporate shareholder, the following documents will be required:
Our company registration agents in Dubai can help you draft the documents required for incorporation.
Companies conducting business activities in the DMC benefit from: