Establishing a company in the Dubai Free Zone
Establishing a company in the free zone in Dubai, Dubai Media City is one of the important types of investments, which provides investors with many facilities and logistical services. The Dubai Media City Free Zone is one of the most important free zones in the Middle East, which includes various types of media sectors.
In the following lines of this article, we discuss the establishment of a company in the free zone in Dubai, Dubai Media City, the advantages of the region, in addition to the steps to establish a company in the free zone in Dubai, Dubai Media City.
Incorporation of a company in Dubai Free Zone, Dubai Media City
Dubai Media City is specialized in media work in all its forms and shapes, and is considered a regional and global center for media. The UAE government established the free zone in Dubai Media City in 2000, owned by Dubai Holding Company. Dubai Media City Free Zone includes the largest Arab and international media companies.
The Dubai Media City Free Zone is witnessing remarkable development and growth, and it is one of the important sources of local production in the UAE, as the number of companies registered in the Dubai Media City Free Zone amounts to thousands of companies owned by investors from different countries of the world.
Legal forms for establishing a company in the Dubai Media Free Zone
There are various legal forms for establishing a company in Dubai Free Zone, Dubai Media City, to suit various investment activities and various investors, as follows:
- Or not: One person company This type of legal form for companies is owned by only one person and often has limited liability and is symbolized as follows: FZCO.
- secondly: A company of persons, and this type of legal form for companies is owned by more than one person and often has limited liability and is symbolized as follows: FZCO.
- Third: Sole Proprietorship This type of corporate legal form is owned by one person or a legal person and is symbolized as follows: FZE.
Advantages of establishing a company in Dubai Free Zone Dubai Media City
- The costs of establishing a company in Dubai Free Zone Dubai Media City are characterized by flexibility and low costs.
- Dubai Media City Free Zone is distinguished by its strategic location, close to the heart of Dubai, Dubai International Airport and Jebel Ali.
- Export tax exemption is a provision for establishing a company in the Dubai Free Zone, Dubai Media City.
- Tax exemptions on companies, personal income and salaries for employees working in the Dubai Media City Free Zone.
- Customs exemptions on import when establishing a company in the free zone in Dubai, Dubai Media City.
- Flexibility and ease in hiring employees and skilled workers thanks to its presence in the heart of Dubai, in addition to the right to hire employees from any country in the world.
- The strong infrastructure, which includes a network of transportation and advanced train lines with a global system.
- No restrictions are placed on foreign currency or money transfers in and out of the company’s accounts, and there are no restrictions on the salaries of foreign employees and the freedom to transfer them outside the UAE.
- Full foreign ownership of a company incorporation in Dubai Free Zone Dubai Media City.
- The right to own real estate and offices necessary to conduct business and establish a company in the Dubai Free Zone, Dubai Media Zone.
- Complete freedom to dispose of profits and recover capitals in addition to the right to sell the company without interference or restrictions.
- The UAE government provides workers in the Dubai Media City Free Zone with health insurance and medical services through service providers of the highest level of efficiency.
- Flexibility in obtaining residence permits for employees and workers of companies in the Dubai Media Free Zone, as well as residence permits for their families, and enrolling them in schools and universities.
Steps to establish a company in the Dubai Free Zone
The steps to establish a company in the Dubai Free Zone, Dubai Media City, include several legal procedures and documents that end with receiving the trade license necessary to start the activity in the Dubai Media City Free Zone.
- Reservation and registration of the trade name
The company’s trade name must be determined in accordance with the conditions issued by the Department of Economic Development in Dubai and then registered. Here are the conditions necessary to determine the trade name:
- The trade name should reflect the nature of the company’s activity.
- It should not contain the name of a government agency or include the word of God.
- It should not be similar to the name of another company.
- It should be followed by an abbreviation of the legal form of the company.
- Determine the legal form
To establish a company in Dubai Free Zone, Dubai Media City, the legal form of the company must be determined and the form must be linked to the trade name.
- Obtaining the initial approval
Initial approval must be obtained from the competent authorities concerned with the company’s activity, which is one of the basic conditions for establishing a company in the Dubai Free Zone
- Company work site
To establish a company in Dubai Free Zone, Dubai Media City, it is necessary to specify a business location or office to be the company’s headquarters and submit a contract authenticated by the Real Estate Regulatory Authority in Dubai.
- Receipt of the trade license
Another is to establish a company in the free zone in Dubai, obtaining a trade license, after paying all fees related to the license, and then receiving it from the service centers in Dubai to start the flag officially and register with the UAE Chamber of Commerce as a member.
Looking for help setting up a company in Dubai Free Zone?
Establishing a company in the Dubai free zone requires an expert to deal with government agencies and undertake legal procedures as soon as possible and at the lowest costs.
For more information about establishing a company in Dubai Free Zone, Dubai Media Zone, contact us now. We provide advice and services needed to invest in Dubai as follows:
- We have business consultants and service providers to provide integrated solutions to all problems.
- Company registration in Dubai Free Zone Dubai Media City.
- Presenting a clear and accurate feasibility study for the company and clear plans and strategies.
- Issuance of trade license and renewal as soon as possible.
- Providing technical support to answer inquiries and solve problems that may arise.
- Providing the necessary office space for rent and storage warehouses in the free zone in Dubai.
- Undertaking all procedures for establishing a company in the Dubai Free Zone and dealing with government agencies.
- We offer packages suitable for all sizes of companies and business heads.
Do not hesitate to contact us, as we are the right choice to support you in your investment journey in Dubai from A to Z. Contact us now and get your advice from the most experienced consultants.
Summary
In this article, we covered 5 steps to establish a company in the free zone in Dubai, Dubai Media City (reserving a trade name and registering it with the competent authority, Determine the legal form of the company, Choosing a place of business for the company, Obtaining the initial approval and finally obtaining the trade license) The advantages that fall on the investor and the entrepreneur when investing and establishing a company in the Dubai Free Zone, Dubai Media City, and we got acquainted with the legal forms of companies in the Dubai Media City Free Zone.
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