DUBAI MEDIA CITY FEES

Healy Consultants fees to set up Free Zone entity
US$10,000*

Trading license
US$4,100**

Industrial license
US$5,450**

Professional services license
N/A

Comercial license
US$6,800**

* Depending on corporate structure and professional services required by our clients. Excludes one-off registration fee payable to the Free Zone Authority.

** Annual fee payable to the Free Zone Authority

Dubai Media City

International entrepreneurs running niche media businesses choose Dubai Media City company formation, which has evolved into a recognised regional media hub. Below is detailed information on the advantages and disadvantages of Dubai Media City company formation, and Healy Consultants' capabilities in this area.
Advantages of Dubai Media City Formation
1.	Dubai Media City company formation is ideal for investors looking to set up a presence in the UAE to conduct one of the following types of activity: i) publishing ii) broadcasting iii) film production iv) media and marketing services v) music & entertainment vi) advertising agencies vi) new media and media support services and vii) media consultancy.
2.	If properly-structured, Dubai Media City company formation is the perfect way to legitimately book international profits without paying local corporation tax. There is neither any corporate tax nor personal income tax levied in Dubai. Furthermore, there are no requirements for an Dubai Media City Free Zone company to prepare annual financial statements or tax returns to any authorities, making Dubai Media City company formation easy to manage.
3.	Dubai Media City has some of the lowest company registration fees of any free zone in Dubai. For example, the one-off registration fee (payable to Dubai Media City Authority) is Dhs3,500 (US$950).
4.	100% foreign ownership is permitted with Dubai Media City company formation. Through a Free Zone Enterprise (FZE), only one shareholder is required. Furthermore, there are no restrictions on the repatriation of capital or profits from the UAE. A company located in Dubai enjoys 100% legal exemption from all import and export duties.
5.	International entrepreneurs obtain one of 3 different license types for their Dubai Media City Free Zone company: i) General Trading License ii) Industrial License iii) Commercial License. A Trading License is issued to foreign/UAE companies/Free Zone Entities who wish to carry out activities in the Dubai Media City Free Zone. Healy Consultants will obtain the company registration certificate and operating license from the free zone authority without our client needing to travel to Dubai. Our related services include:
	Submitting documentation to the free zone authority to obtain the company registration certificate and licence, including application form; Opening a bank account for our client following Dubai Media City company formation; Assistance with drafting a business plan (in the format required by the free zone authority) to accompany the application; Provision of all corporate and licence documentation to the client.
6.	Healy Consultants can open global corporate bank accounts to support Dubai Media City company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
7.	A wide range of office accommodation is available in Dubai Media City, from 600 sq ft commercial offices to luxurious loft offices.

Disadvantages of Dubai Media City Company Formation
1.	Dubai Media City has a high minimum capital requirement of Dhs250,000 (US$70,000), which must be paid up during incorporation.
2.	Dubai Media City Free Zone has high licence fees compared to other free zones. For example, the annual fee payable to the Dubai Media City authority for a commercial license is Dhs25,000 (US$6,800).
3.	Dubai Media City company formation takes up to five weeks to complete.
Contact Us
For additional information on Dubai Media City, contact email@healyconsultants.com or telephone us at (+65) 6735 0120.
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