Dubai is an unparalleled business destination in the world. Businesses of any kind from small-scale to big businesses flourish day by day thanks to Dubai’s booming economy, business-friendly policies, and Government support.
One of the major successful businesses in Dubai is the Media sector. If you are someone fond of creative elements and have keen observation and communication skills a media company will be a perfect choice of business for you. The Dubai Media City is also a favorable situation for media businesses in Dubai. This blog will provide everything you need to know about setting up a media company in Dubai.
To start a media company in Dubai
To set up a media company in Dubai, you will need approval from the Dubai Technology and Media Free Zone (DTMFZ) Authority. Follow the below-given steps to set up a media company in Dubai:
Apply online to the DTMFZ.
Once the application gets approved, submit all the supportive legal documents and their photocopies. DTMFZ will provide you with a customer confirmation letter.
Sign and forward the customer confirmation letter and make necessary payments.
Sign the Memorandum of Association in the presence of the company shareholders.
Submit the full share of the capital and the minimum share capital for a media company in Dubai is AED 50,000.
Sign the sponsorship agreement and you will receive the license later
Documents required for media company business setup in Dubai
The following documents are required for obtaining the license for setting up a media company in Dubai:
Filled application form for company registration
Filled application form for the license
Original Memorandum of Association and Articles of Association
Colour photocopies of passports of directors, managers, and legal representatives
Proof of share capital
NOC from residency visa sponsor
Managers’ specimen signature
Proof of license and registration fee
Benefits of setting up a media company in Dubai
Dubai provides many opportunities and growth prospects for every business. Setting up a media company in Dubai gives you plenty of benefits such as:
100% ownership of the business
No/low corporate tax and no personal tax
Cluster working atmosphere ideal for the media company
100% repatriation of capital and profits
Accessibility to world-class infrastructural facilities
No charges of import duty
Dubai Media City and Everything you need to know.
Dubai Media City constitutes the largest media company in the UAE and the world. It is 25-building big, where one can find, the leading radio, television, print, and advertising companies of the world such as Forbes, Sony, CNN, etc. along with freelancers and start-ups and all these institutions co-exist to form one of the biggest media hubs in the world. If you are an aspiring entrepreneur dreaming of a media company business setup in Dubai, the Dubai Media City with its unlimited potential for talent acquisition and collaboration, provides you with the most favorable condition to start one.
Types of companies you can set up in Dubai Media City
Advertising and communication
Different types of licenses for media company business setup in Dubai
There are different types of media licenses available for media companies in Dubai Media City, and they are:
TV/Radio broadcasting license
Film distribution or management license
Media and marketing services license
Music and entertainment license
News agency license
Web design license
There are many technical aspects one needs to understand while setting up a media company in Dubai. If you wish to start a media business in Dubai, you can seek help from a professional business consultancy like Bizvise. Bizvise is a committed professional business consultancy having years of first-hand experience in business incorporation procedures. Get all the necessary information and clarify your doubts by interacting with our business experts. Connect with us to get your media company business license in Dubai.