Dubai Production City Company Formation

Business Setup Services | Dubai Production City Free Zone

Dubai Production City Free ZoneDubai Production City Free Zone formerly referred to as International Media Production Zone (IMPZ) was established within the year 2003 as an evolving replica of Dubai Media City. IMPZ may be a Dubai free port that’s leveraged towards the dedicated media and production companies within the UAE. IMPZ is a perfect Dubai free port for nearly media companies, including broadcasting, internet. The IMPZ free port is found near Jumeirah Village South and provides many benefits for companies that are involved in printing & publishing, graphic designing, and other media-oriented activities.

Dubai Production City (DPC) is spread across a neighbourhood of 4 sq. km. (about 43 million square feet) on Sheikh Mohammad Bin Zayed Road, near Dubai Sports City, Jumeirah Golf Estates and Jumeirah Village. the govt of Dubai has planned to form this Dubai free port a logical off-shoot of Dubai Media City and increase the investment within the media production industry. IMPZ has become the business hub for global and native media publishing, printing, and packaging companies to develop.

Benefits of Business Setup in
Dubai Production City Free Zone

Dubai is scaling great heights, and Dubai International Media Production Zone is poised to make and encourage the special clustering environment for media industries from across the UAE and therefore the world, to offer rise to an ecosystem of inter-collaboration. Being an entrepreneur or an owner of a far off firm, you’ll get a growth-oriented environment in IMPZ, with the subsequent business facilities:

Exemption of private and capital taxes
Dubai Production City Free Zone

  • 100% ownership of the business
  • 100% repatriation of capital and profits
  • No currency restrictions
  • Low-cost operations
  • Excellent infrastructure
  • Reliable support services like visa, taxation, VAT, et al.
  • Simplified incorporation mechanism
  • Hassle free business setup laws and legal framework
  • Infrastructure inbuilt in accordance with media production
  • Wide transport connectivity

The process of Business Setup in IMPZ
Dubai Production City Free Zone

The business setup procedure within the International Media Production Zone is straightforward and easy. But there are certain steps which you would like to follow before you’ll start together with your business activities.

The first step in starting your business in IMPZ Dubai is selecting a permissible business entity for your company. There are 3 sorts of legal entities permissible in IMPZ or Dubai Production City:

1. Free Port indebtedness Company
Dubai Production City Free Zone

An FZ LLC may be a separate legal company that has shareholders as a private or a company body. The minimum capital required depends on commercial activity.

Steps for Company Formation with Individual as Shareholder

Step 1: Apply Dubai Production City Free Zone

  • Application form for the license
  • Business plan
  • Valid passport copy(s) of the shareholders, managers, directors and personal representative, if appointed

Step 2: Submit Documents and Payment

  • Submit the documents as per the checklist
  • Select an appropriate commercial space
  • Pay the required fees

Step 3: Sign and Collect Dubai Production City Free Zone

  • Sign and collect the lease
  • Sign and collect the
  • Memorandum and Articles of Association
  • Collect your license and certificate of incorporation
Steps for Company Formation with Corporate Body as Shareholder

The entire procedure remains an equivalent as that with a private as a shareholder, but you would like to submit a further document viz. a replica of the certificate of incorporation.

2. Branch of a UAE or Foreign Company

A branch isn't a legally separate entity because it is connected to its parent company. The parent company is often a locally registered company or a far off company. there's no minimum capital required for the corporate incorporation of a branch. It carries out an equivalent function as its parent company.

Steps for Company Formation of a far off Branch

Step 1: Apply

  • Application form for the license
  • Business plan
  • Copy of the certificate of incorporation
  • Valid passport copies of the manager and therefore the personal representative, if appointed
  • Step 2 and three remain an equivalent as that for an FZ LLC.
  • Steps for Business Setup in UAE and Established Branch

3. Freelance Permit

A person who is self-employed and generates his or her own revenue by providing services is named a freelancer. IMPZ is regulated under the Dubai Creative Cluster Authority (DCCA) which also provides a contract permitted.

Steps for Obtaining a contract Permit

Step 1: Apply

  • Application form for the license
  • Business plan
  • Valid passport copy of the applicant
  • Personal reference letters (minimum 3)
  • The sample of labor or portfolio of the applicant
  • Step 2 and three remain an equivalent as that for an FZ LLC.
  • Licensing and commercial activity Options

DCCA is that the regulatory body that gives the required license as per requests. Here are a couple of licensing options you’ll choose from:

Press License

A license granted for publishing activity.

General License

This license is often availed to hold out activities like travel, insurance, courier services, legal advisory, marketing.

Designer License

The license holder of this license can take up the profession of graphic design.

There are other licensing options available in IMPZ which companies can choose between. The business activities which may be administered in IMPZ under the principles and regulations of DCCA.

  • Marketing
  • Import and export
  • Support services
  • Digital and newspaper printing
  • Commercial and industrial printing
  • Online publishing and electronic content
BCM Corporate Services Can Help You !

1. GET A VISA WITH FLEXI-DESK:

While Dubai World Trade Centre Free Zone is home to a large number of multinational corporations, it’s also very popular with smaller businesses – and its flexi-desk package is a big reason. Flexi-desk is perfect for entrepreneurs who don’t want to commit to permanent physical office space, but still require the ad-hoc use of office equipment and facilities such as meeting rooms. But the key benefit here is that with DWTC’s flexi-desk package you can apply for multiple visas.

2. NO NEED TO COMMIT TO OFFICE SPACE:

For those who require more flexibility than a flexi-desk, Dubai World Trade Centre allows you to set up shop without committing to any office space at all – simply register your business in the free zone and work from wherever you wish. If an office is a requirement, however, DWTC has you covered here as well. Entrepreneurs have the option of taking permanent office space in DWTC’s business centre – currently located in Sheikh Rashid Tower but soon to move to brand new facilities in the coming months.

3. STRAIGHTFORWARD AND AFFORDABLE SETUP:

Whatever type of business you wish to form, Dubai World Trade Centre company setup is fast, simple and affordable. Starting a Free Zone Establishment (FZE), a Free Zone Company (FZCO) or a branch of an existing business in DWTC can be very reasonable. In fact, for the flexi-desk option it may be as low as AED 41,000. As for the process, all is taken care of through the Dubai Department of Economic Development (DED) special project counter and therefore follows the standard DED company formation process.

4. NO REQUIREMENT FOR NOC FROM A LOCAL SPONSOR:

Another reason why Dubai World Trade Centre Free Zone appeals to smaller businesses is that it does not require entrepreneurs to provide a No Objection Certificate (NOC) from a current employer. This is ideal for first time entrepreneurs wishing to set up side businesses within the free zone while still employed.

5. A VARIETY OF BUSINESS TYPES AVAILABLE:

Perhaps the biggest reason why DWTC is one of the UAE’s most bustling business hubs is that it is open to such a wide variety of businesses. Entrepreneurs wishing to set up here can select any DED listed business activity – that’s a choice of over 2,000 from industries as diverse as agriculture, construction and finance.

6. SHARE CAPITAL REQUIREMENTS:

To set up in Dubai World Trade Centre Free Zone you simply deposit AED 300,000 in paid upfront share capital and provide proof that you have done so. While this is certainly a barrier for some, it’s a relatively small cost for setting up in such a prestigious location. If you wish to set up a branch of an existing company, no share capital is required.

7. NO AUDITING OR BOOK KEEPING REQUIRED:

Anything that can lighten the administrative burden can only be a good thing. Fortunately, Dubai World Trade Centre is on hand to help. Not only is there no annual audit for DWTC businesses but there’s also no ongoing book keeping requirements.

8. EASY TO ARRANGE YOUR CORPORATE BANK ACCOUNT:

Another way DWTC can help to reduce admin is by assisting with the opening of your corporate bank account. As well as advising you on the best banks to suit your needs, Dubai World Trade Centre staff can also arrange meetings with your chosen financial institutions should you so wish.

9. EASY TO SPONSOR DEPENDANTS:

As well as making it easy to apply for your own visa, it’s also straightforward for entrepreneurs in Dubai World Trade Centre to sponsor dependants for their residence visas as well. Whether you wish to sponsor a maid, driver or family member, the process is relatively easy – entry permit, status adjustment, medical fitness test, then Emirates ID registration and visa stamping. As this is such an important process, it’s a good idea to get advice from an expert in setting up UAE free zone businesses. This ensures that before you start an application, both you and those you’re hoping to sponsor meet all of the entry criteria.

10. SET UP WITH MULTIPLE SHAREHOLDERS:

Another major draw for large businesses toward Dubai World Trade Centre is that it allows for setup with multiple shareholders – which can be individuals, corporate entities or a combination of the two. Entrepreneurs wishing to set up such a business simply need to register a Free Zone Company.

11. WORLD CLASS LOCATION AND FACILITIES:

Dubai World Trade Centre’s strategic location is yet another factor behind its tremendous popularity. Its transport links include the Dubai Metro and close proximity to Al Maktoum International Airport. Plus, at the heart of its complex is the Dubai International Convention and Exhibition Centre making DWTC the perfect home for entrepreneurs looking to network, collaborate and engage with likeminded professionals from around the world.

12. COMPETITIVE EDGE:

Dubai World Trade Centre’s location, coupled with its low setup costs can offer businesses a real competitive edge. At the heart of Dubai’s financial district, next door to Dubai International Financial Centre, DWTC offers businesses a prestigious office address without the sky-high costs usually associated with the area.

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Company Registration Service in Dubai Production City Free Zone Know business setup cost & Package with Tariff for Dubai Production City Free Zone. You will get Dubai Production City Free Zone Office at affordable cost, You can see several new companies in Dubai Production City Free Zone generating good Revenue. Read on Dubai Production City Free Zone Jurisdiction and Benefits of setting up of company in Dubai Production City Free Zone. We help you getting Business License in Dubai Production City Free Zone. Rules & Regulations in Dubai Production City Free Zone are similar to other free zones in UAE. You might have read about the activities, advantages employee benefits of Dubai Production City Free Zone. Get a quote today and know about license fees & trade license cost towards establishment of Dubai Production City Free Zone.

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