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International businesspeople active in the graphic art, publishing and packaging industries are increasingly turning to Dubai International Media Production Zone (IMPZ) to fulfill their international business objectives. The following is an overview of Dubai International Media Production Zone and the ways in which Healy Consultants assists clients set up businesses there.
Advantages of Dubai International Media Production Zone Company Formation
1.
Dubai International Media Production Zone 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) Graphic Arts ii) Publishing or iii) Packaging.
2.
Dubai International Media Production Zone is a cost effective alternative to Dubai Media City, with company registration fees of just Dhs3,500 (US$960).
3.
If properly-structured, Dubai International Media Production Zone company formation is the perfect way to legitimately book international profits without paying local corporation tax. Neither corporate tax nor personal income tax is levied in Dubai. Furthermore, there are no requirements for a Dubai International Media Production Zone company to prepare annual financial statements or tax returns, making this entity cost-effective and simple to manage.
4.
100% foreign ownership of companies is permitted in Dubai International Media Production Zone. Furthermore, there are no restrictions on the repatriation of capital or profits from the UAE. In addition, a company located in Dubai International Media Production Zone enjoys 100% legal exemption from all import and export duties.
5.
International entrepreneurs incorporate one of two business entities for their Dubai International Media Production Zone company: i) a Free Zone Limited Liability Company (FZLLC) or ii) a branch office of a foreign or UAE company.
6.
Healy Consultants assists investors 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 i) submitting business license application documentation to the free zone authority ii) assistance with drafting a business plan (in the format required by the free zone authority) to accompany the license application iii) opening a bank account for our client following Dubai International Media Production Zone company formation and iv) providing company registration documentation to our client.
7.
Healy Consultants will open a corporate bank account to support Dubai International Media Production Zone company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services without our client needing to visit Dubai in person.
Disadvantages of Dubai International Media Production Zone Company Formation
1.
Dubai International Media Production Zone minimum capital requirements are high at Dhs200,000 (US$54,800) for a publishing company, Dhs300,000 (US$82,200) for an advertising company and Dhs500,000 (US$137,000) for a printing company.
2.
Dubai International Media Production Zone licence fees are high compared to other free zones at Dhs20,000 (US$5,500) for a publishing company and Dhs15,000 (US$4,100) for all other licensed companies.
Contact Us
For additional information on the Dubai International Media Production Zone, contact email@healyconsultants.com or telephone us at (+65) 6735 0120.
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