How to open a media company in Dubai?

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Open a Media Company in Dubai

Dubai is one of the most lucrative destinations for businesses of every kind. Furthermore, the city has become a global hub of digital media companies in recent years due to the fact that the city comes with business-friendly policies. 

The city has become home to an area where creative minds demonstrate their talents called Dubai Media City. This area provides media businesses with a creative environment in order to collaborate and interact. There are uncountable filmmakers and the best production companies who are selecting Dubai in an effort to establish their media company in Dubai/UAE due to its remarkable perks. 

Prior to Setup a Media Company in Dubai, you are required to learn about every crucial aspect, like location, legal structure, cost, and more. In this article, we are going to provide you with the necessary information that you should know to Start a Marketing Agency in Dubai. Moreover, we will provide you with a step-by-step guide that will help you to understand what steps are required to follow in order to start your media company in Dubai.

Why is Dubai a Good City to Set Up a Media Company?

Indeed, there are numerous places in the world to start your media company. But Dubai comes with countless benefits that other places in the world might not have. We recommend you have a look at the top reasons to open a media company in Dubai, UAE:

 

• Numerous media businesses:  Dubai provides people who are looking to start media companies with uncountable options. Therefore, you are allowed to launch any company related to TV, radio, music, or any other media as per your interests. 
• Tax laws: Dubai is additionally famous for its tax-friendly nature. The city only applies a 9 percent corporate tax on businesses in the free zone or mainland. However, businesses with profits or earnings below AED 375,000* are exempt from corporate taxes in Dubai or UAE. In addition, if the taxable turnover exceeds the threshold revenue, then you additionally have to apply 5 percent of Value Added Tax.
• Numerous location options: Whether you are planning to open a media company in Dubai, UAE, for television or radio, you will get access to various locations to start your media company. Keep reading to know the best location to start your media company in the UAE.
• Corporate bank account: You can develop a corporate bank account in any bank in the UAE that will help you grow your company in Dubai.
• Sponsorship: You are allowed to apply for a visa for yourself and your dependents on the basis of your media company. 

 

Zones to start a media business in Dubai

As mentioned above, Dubai has numerous locations in Dubai where you can begin your media company in Dubai/UAE. Here is the list of the top zones that are best to start your media company;

 

• Dubai Media City: This city serves as a free zone that is dedicated to the entertainment and media industries. The area is the city’s media hub and is home to more than 2,500 news organizations, more than 25,000 employees and investors. The area is a hub for CNN, Thomas, and other prominent media companies, and they cannot be counted.
• Dubai Studio City:  This area provides a top-notch ecosystem for businesses involved in media production, publishing, packaging, and more. The city has over 220 businesses, and 6,800 professionals are housed there.
• Dubai Studio City: This area is home to over 220 businesses and 2,500 individuals. Furthermore, it is additionally a hub of the commercial community in the area. 

 

What Documents Are Needed to Setup a Company in Dubai Media City?

In order to Start a Marketing Agency in Dubai, you are required to gather some documents. Here is the list of documents that you should gather:

 

• Colour copies of passports for people, including managers, directors, and legal representative
• Original MOA and AOA
• Manager’s specimen signature
• Registration and license fee
• Application form for company registration
• License application
• Proof of share capital
• Agreement for personnel secondment
• Business plan
• Board Resolution
• NOC form residency visa sponsor

 

The list might be incomplete on the basis of the type of license or business. We recommend you consult Flying Colour to get the complete list of documents.

 

Different types of licenses for media company setup in Dubai

There are numerous types of licenses you can get to Set up a Media Company in Dubai. Here is the list of licenses that you can get in order to start your media company in Dubai:

 

• Film Distribution or Management license
• Publishing License.
• TV or Radio Broadcasting License.
• News Agency License.
• Web Design License.
• Marketing and Media Services License.
• Music and Entertainment License.

 

How do you start your media business in Dubai?

After knowing all aspects of media business in Dubai. It is high time to learn about the steps that you should take to open a media company in Dubai, UAE:

 

1. The first step to open a media company in Dubai, UAE, is to submit an online application form and submit it to the DTMFZ for approval.
2. Once your application is approved, you need to submit the legal documents and their copies to DTMFZ. Then, the authority will provide you with the customer confirmation letter.
3. After receiving the letter, you should sign and forward the customer confirmation letter and make the payment.
4. After that, you are required to sign the Memorandum of Association in the presence of the company’s shareholders. 
5. At this stage, you should deposit the total share capital. The least capital share required for a media company in Dubai/UAE is AED 50,000.
6. At last, you should sign the sponsorship agreement and lease.
7. Finally, you are going to get the license to open a media company in Dubai, UAE.

 

How Flying Colour can help you?

Flying Colour comes with the ability to provide you with valuable suggestions that are going to help you in starting your media company. We can help you at each step so that you may easily kick-start your media company in Dubai. 

To learn more about how to open a media company in Dubai, book a free consultation with one of Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.

*Please note that this article was published on 16/01/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.