1 / 20

Dubai Media City Company Formation DMC Business Setup

Dubai Media City (DMC) is a regional hub for all media organizations. DMC houses the largest global & local media brands & digital companies

kevinsmithcd
Télécharger la présentation

Dubai Media City Company Formation DMC Business Setup

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 1

  2. Dubai Media City (DMC) Company Formation Dubai Media City (DMC) is the regional hub for all media organizations. DMC houses the largest global and local media brands and digital companies. Dubai Technology & Media Free Zone Authority (DTMFZA) is responsible for the establishment and registration of companies in Dubai Media City. DMC provides an integrated creative ecosystem with 24,000+ professionals and 1,600+ business partners. Some of the featured partners are Disney, BBC, Spotify, CNN, JCDecaux, and others. 2

  3. Dubai Media City Business Setup Benefits 0% Personal Income Tax 100% Capital Repatriation Prime location Special licensing and freelance permissions

  4. Dubai Media City Business Setup Benefits 100% repatriation of profits 100% foreign ownership

  5. Business structures at Dubai Media City Branch office of a UAE Company Free Zone Limited Liability Company It is not a separate legal entity and conducts operations of the parent company’s business. It is a wholly-owned company or an independent legal entity where at least one director is required. Freelance Permit Branch office of a Foreign Company With no minimum share capital prerequisites, it is 51% locally owned. This gives an individual the liberty to operate freelance professional. as a

  6. Offerings Boutique Studios Commercial Spaces Co-working Spaces Offices and attached studios, which are a great fit companies. Fully integrated and ready to use space suiting everyone. Multiple strategically located offices are available flexible and for production 6

  7. Offerings In5 Retail GoFreelance Innovation start-ups, companies. platform design, for all Easy freelancing education, technology. place to career media start a A number of dynamic retail options are available. and tech in or 7

  8. Offerings Light Industrial Units Sound Storages Warehouses They range from 11,000 to 50,000 sq. ft. and are equipped with grid systems, water tanks, etc. Strategic light units are available. and multi-purpose Strategic and multi-purpose warehouses exist in DMC and catwalk 8

  9. DMC Company Formation Process 1. Free Zone Limited Liability Company (FZ-LLC) formation at Dubai Media City For Individual Shareholder Step 1 : Submit the application and present the following documents for approval: 1. 2. Business Plan 3. Valid passport copy(s) of: • Shareholders of the proposed company • Manager of the proposed company • Director(s) of the proposed company • Legal representative, if appointed Application form for the License 9

  10. DMC Company Formation Process 1. Free Zone Limited Liability Company (FZ-LLC) formation at Dubai Media City For Individual Shareholder Step 2 : Submit documents and make the payments 1. 2. 3. Submission of the documents Selection of suitable commercial space Payment of necessary fees 10

  11. 1. Application for Registration The Documents Include 2. CV of Shareholder(s) 3. Bank Reference Letter for Shareholder(s) 4. Resolution for the Incorporation of the FZ-LLC 5. NOC for the Manager which has to be from the Current UAE Sponsor 6. RIC form for Shareholder(s), director(s) and manager 7. Deposit Receipt in Trust Account or Proof of Share Capital from Bank

  12. DMC Company Formation Process For Corporate Person as a shareholder Steps 1, 2, and 3 of the company formation process of a corporate person as a shareholder are the same as that of an individual; the only difference lies in the documents that are to be submitted. The documents to be submitted to Dubai Media City include: 1. 2. 3. 4. 5. 6. 7. 8. Application for Registration Company Incorporation Certificate Certificate of Continuity or Existence or Good Standing Memorandum of Association and Article of Association of Parent Company Resolution for Incorporation of FZ-LLC NOC for Manager which has to be from current UAE sponsor RIC form for Shareholder(s), Director(s) & Manager Deposit Receipt in Trust Account or Proof of Share Capital from Bank 12

  13. All the steps are the same as previous, but the documents mentioned for both the individual and corporate shareholders will be required here in this case. For Individual and Corporate Person as a shareholder 13

  14. 2. Branch of a Foreign Company Formation at DMC All the steps are the same as Free Zone Limited Liability Company (FZ-LLC) only the requirement of documents is as follows: Application for Registration Trade of Company issued by DED License Parent Memorandum of Association and Articles of Association the Company the of Parent 14

  15. 2. Branch of a Foreign Company Formation at DMC Resolution for the establishment of Branch NOC from the Current Sponsor RIC form for Manager UAE 15

  16. 3. Branch of a UAE Company Formation at Dubai Media City Step 01 Step 02 Step 03 Submission of an application form for a license, UAE license copy, and business plan: It is important to note that only the companies that carrying their operation for a period of at least two years will qualify for setting up a branch. Submission documents, commercial space, and then payment of documents required are the same as stated for a branch of the foreign company. of the of Signing and collection of your lease and license: The documents of lease and license are signed and collected. selection fees: The have been 16

  17. 4. Freelance Permit at Dubai Media City Freelance permit recognizes you as an individual practitioner, which allows you to set up your business in your birth name and not as a brand name. The business setup process of a freelancer is divided into the following three steps: Submission form passport copy of the applicant, business plan, personal reference letters (a minimum of 3), and portfolio or sample of work of the applicant. of the the license, application Submission of the documents, selection of suitable commercial space and payment necessary fees. The documents include- for valid of the 01 Application for Registration CV of Freelancer Bank Reference Letter for Freelancer RIC form of Freelancer • 02 03 • Signing agreement and collection of the Freelance Permit. the occupant • • 17

  18. Frequently Asked Questions Are accommodation facilities available in Dubai Media City? Yes, accommodation facilities are available and are in close proximity to DMC. What are the rules related to minimum capital requirements at DMC? There are certain minimum capital requirements for FZ-LLC, but on the other hand, branch establishments have no minimum capital requirements. What is the minimum shareholder requirement for a Dubai Media City company registration? The minimum number of shareholders is one. 18

  19. DMC Business Setup N R Doshi & Partners With a clientele of 2,500+ and a partnership with 11+ companies, we, at NR Doshi and Partners, are just the right choice for your business. In our 34 years of experience, we have built a team of professionals that specialize in the field and provide you with just the right approach. We are adept at guiding our clients through all the steps of the business setup procedure in a detailed manner. We provide proper and all the necessary information for the setup of a company. Our knowledge and experience can help you define the costs involved in a structured manner and plan out the process for efficient execution. 19

  20. THANKS FOR WATCHING !!!

More Related