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How to be a Part of Dubai's Media City LLC Enterprises

Dubai Media City is a specially constructed free zone area in Dubai that is replete with complete infrastructural facilities for easily setting up a media and communications company. Call +9714-3914555 for further details.

Rising from the sands of the Arabian Desert, the Dubai of today is a far cry from the sleepy fishing village of the 1980s. One of the world’s foremost modern cities and armed with an infrastructure that rivals cities in Europe and North America, Dubai is fast becoming known as the hub of trade and commerce in the Middle East. Broadly speaking, real estate in Dubai can be split into freehold and leasehold properties. Of course, there are other classifications as well, like hotels, guest houses, serviced apartments, condominiums, villas etc. if you would like to consider types of dwelling. And when it comes to commercial or business entities, once again we have to consider whether to buy or lease, cost of rentals, location, amenities and so on. But if your business is primarily concerned with communications and media, then Dubai has a special offering for you. This is Dubai Media City, created in 2001, and home to at least 1400 different global entities in the world of media and communications, including household names like CNN, CNBC, Forbes, Reuters and Sony- to name a few. Among the many benefits offered by Dubai Media City are 100 percent ownership of property, tax free revenues, a chance to network with others in the industry, fast delivery, transport and communications, venue management and a host of other facilities. If you want to make your name known in the industry, locating here is one of the first necessities.
Dubai Media City gives prospective buyers the opportunity to set up their business entity by creating a Free Zone Limited Liability Company (FZ-LLC). The minimum capital requirement for Dubai Free Zone companies is AED 50,000 but for an international broadcasting station, whether radio or TV, this goes up to AED 2,500,000.
The six steps required to set up an LLC company in Dubai within the DMC are as follows:1. Submit Application for Provisional Approval;2. Submit Legal Documents for Company Registration;3. Sign and Return Customer Confirmation Letter; make required payments;4. Sign Articles and Memorandum of Association;5. Deposit the Required Share Capital;6. Sign Personnel Sponsorship Agreement and Lease Agreement; collect license and keys to premises etc.     If everything is in order and it all goes according to plan, a business can be set up in DMC within just 15 days. They also have a sales and support team to give guidance and clarification if needed- they can be contacted on +9714-3914555 on any working day during business hours.
If you plan to set up a branch of an already existing business, the process becomes a little easier and there is also no capital requirement. This means that Steps 4 and 5 are eliminated from the process for setting up a business branch entity.While the ambience and the technical infrastructure at DMC is second to none, the predominance of du ETIC as the only connection provider can cause some concernArticle Search, and breakdown of cables has also caused some problems in the past.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Hosam Habib is an expert Media consultant and Journalist associated with Media City Dubai, a Dubai-based international company that host all Media related companies. He writes about Business in Dubai, Dubai Free Zone companies, events, information for setting up a business in Dubai, etc.



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