Free zone is a particular geographical area in the emirate where 100% foreign ownership is allowed. Free zones do not require partnership with a UAE citizen or with a local service agent.
DUBAI MEDIA CITY (DMC) is a freezone with focus on media. It operates under umbrella of Dubai Holding and Tecom Investments.
DMC hosts 1,400+ companies including such world-known companies as CNN, BBC, Reuters, etc.
Dubai Media City is located in the heart of “New Dubai”. It boarders with Dubai Marina to the west, with Palm Jumeirah to the north and with Sheikh Zayed Road, the most important road of Dubai, to the south.
Dubai Media City has more than twenty commercial buildings, where one can find a suitable office for rent.
minimum share capital requirement amounts to AED 50,000 (USD 13,698).
1 year only, as in any other emirate, after which the license needs to be renewed.
DMC requires all companies registered with free zone to submit audit reports on an annual basis.
Company’s license shall be renewed prior to its expiration date to avoid any penalties or annulment of registration.
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