How to start a Media and Entertainment business in Dubai?

Dubai, the most luxurious place on Earth, has been a center of attraction worldwide for the past few decades. The global foothold of Dubai/UAE for the various global events it organizes and conducts at a larger than life level and the rapid growth in the past decades has made headlines worldwide. This itself is a reason good enough to result in an overflow of media investments, not to mention the lifestyle, culture, food and tourism it boasts of. This means Dubai/UAE will be in a limelight for years to come making it the best time for media and entertainment enterprises to flourish here more than anywhere else in the world.

The media and entertainment industry in Dubai/UAE is?fairly big. UAE is the Middle East hub for print, television, radio and digital media. The city has attracted a variety of global media brands including news channels such as CNN, BBC, CNBC and agencies such as Reuters, AFP, and Bloomberg. Publishing firms include Forbes, McGraw Hill, and media production companies Sony and Showtime, as well as the giants - Facebook, Google, LinkedIn, Snapchat and Twitter. Some of the popular Arab/ homegrown media houses include MBC Group, OSN, Arab Media Group, ITP Media Group, Motivate Publishing, Al Nisr Publishing (Gulf News) and Galadari Press and Publishing (Khaleej Times). All of which makes Dubai a leading player in the regional media network. In this blog, we shall cover all the aspects with regards to How to set up a media company in Dubai.

Why Dubai: Advantages of setting up a media company in Dubai/UAE?

• 100% Foreign Ownership
• The perfect business environment for all media players
• 100% repatriation of capital and profits
• One-stop-shop for Government services
• No personal or corporate taxes or import duties imposed
• Cluster working area with a zone to enable different media houses to work, collaborate and cooperate
• You can gain a lot of popularity and success as the location is perfect for expansion and partnerships
• Dubai offers high-quality infrastructure

There are three zones where you can establish your media company in Dubai:

• Dubai Media City:?Region’s largest media hub with over 2,500 media establishments, and more than 25,000 employees and investors. Media houses like CNN, Thomson Reuters and BBC are established in this media zone.
• Dubai Production City:?offers a world-class ecosystem for media production, printing, publishing and packaging companies. It houses more than 220 companies and over 6,800 professionals.
• Dubai Studio City:?the region’s leading business community inhabits over 220 companies and 2,500 people working and investing here.

How to set up a media company in Dubai/UAE?

It is important to identify the types of business activities that are permissible in a certain media zone before taking the plunge. Business activities which are allowed are: Broadcasting, Publishing, Advertising, Public Relations, Market / Media Research, Digital Marketing, Music and Post Production

The process of setting up a media company in Dubai is simple yet you should keep in mind the following steps towards a successful establishment of business:

• Dubai Media and Technology-Free Zone?Authority regulates and is responsible for approving the registration of all DMC companies.
• The first step to establishing a media company in Dubai/UAE is to correctly fill up the application form on the online portal and submit it to the DTMFZ. The application will then be evaluated within a timeframe of 5 days and approved by the authorities.
• Present all legal documents and their photocopies once the documents get approved. Once all the documents are submitted and evaluated, DMC issues a letter of confirmation after properly going through all legal documents.
• Signing of MOA (memorandum of association) in the presence of the stakeholders of the company
• Submission of the full share capital following which the license & lease would be generated
• Signing of lease and individual sponsorship contract to finally get the license for opening a media company in Dubai/UAE.

Things to keep in mind before setting up a media business in Dubai/UAE:

• Office space requirement:
• Type of Media Business in Dubai/UAE
• Dubai Media City
• Corporate Bank Account Setup
• Key Location
• TAX systems

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To know more about the steps and procedures for opening a Media and Entertainment business in Dubai, Connect with our expert Consultants right away on +97150 409 2494 or email us at [email protected].

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