Dubai Media City (DMC) is a free zone in Dubai, the United Arab Emirates established in January 2001. The purpose for its creation was to strengthen Dubai’s media footing and to make it region’s media hub. Dubai Media City has opened its doors for people with creative minds. It has become a regional hub for media companies from all over the world.
Dubai Media City has also set up Media Business Centers to promote talent and entrepreneurship in the region. These unique facilities are targeted at freelancers and independent media professionals.
Dubai Media City Free Zone Business Benefits:
- 100% ownership
- Exemption from taxes on profits and capital gains
- No taxes for 50 years on personal and corporate income
- Tax-Free Custom Duties
- Streamlines and Smooth Registration
- Company Regulations are transparent
Business Segments in Dubai Media City
The Dubai government supports forms of business ventures under its jurisdiction and in Dubai Media City, there are business sectors you can choose from:
- Advertising & Communication
- Business Information
- Event Management
- Event Support Services
- Media and Marketing Services
- Media Support Services
- Media Consultancy
- New Media
- Non-Profit Association
Apart from all these already lucrative and highly benefiting services, the Dubai Media City Free Zone also allows the commercial media settings in its vicinity to communicate with each other and produce better results, economically, technologically and also in terms of marketing.
Lincensing in DMC Freezone
In DMC, commercial licenses are issued for free zone limited liability companies, for branch offices and for freelancers in line with the DMC Freezone Authority regulations. All licenses are issued by the Registration and Licensing branch within the DTMFZA. The permits have one-year validity and they may be renewed yearly. It is also critical to understand that delaying the renewal of the industrial license draws penalty.