There are many media free zones in the United Arab Emirates (UAE) that will help you decide which location best suits your company. One needs an assistance in setting up a free zone media and publishing company or any business setup in UAE in general.
A business set up in the UAE free zone follows a certain procedure that includes determining the type of legal entity that your company should belong to, choosing a trade name, applying for a license, and more.
FAR Consultants is experienced in this field as it has been operating for 35 years now. Our services are of great quality, ensuring that business setups are done accordingly so businessmen can start as soon as possible.
Find out more about setting up a free zone media and publishing company in UAE right here.
Media Free Zones in UAE to Choose From
The following below are three media free zones in UAE that you can choose from to establish your business in.
Twofour54 is a free zone located in the UAE capital Abu Dhabi. Its name was coined from Abu Dhabi’s geographical coordinates (24° North, 54° East) It also offers free zone benefits to its clients, but there is more to this free zone.
There are big names that are currently located in TwoFour54, enjoying the benefits they get from this free zone authority. This free zone does not fail in delivering quality services, benefits, facilities, and infrastructure to businessmen, resulting in big company names to choose this location.
- Shams Free Zone
Sharjah Media City or more commonly known as Shams was established in January 2017 in Sharjah. It is considered to be a creative catalyst for the growth of media businesses in the UAE.
- Dubai Media City
Dubai Media City Free Zone (DMC) is part of the TECOM Group that is part of Dubai Holding. It was in the year 2000 that Media City was established. The UAE government came up with the idea to established this authority to help the country’s media sector.
There are more than 1,300 companies situated in this free zone in the current time. Every kind of media business is allowed to be established in DMC.
This is also home to big companies and organizations, like CNN, CNBC, Reuters, MBC, Sony, etc.
General Steps to Setting Up a Free Zone Media and Publishing Company
Setting up a free zone media and publishing company in UAE is composed of a specific process that one should follow. Although it seems easy, a person who is not that much familiar with the UAE should ask for assistance.
- Type of legal entity
- Trade name
- Business license
- Office space
- Pre-approvals, business registration, and license
- Type of Legal Entity
It is important that the type of legal entity of a would-be company is determined. There are different types of companies that can be established in different free zones. In general, the following applies:
- Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZCo)
- Free Zone Establishment (FZE)
The only difference between types of companies that can be established in a free zone is the number of shareholders that will be registered under the name of a company. It should also be noted that shareholders can either be individuals or corporate entities.
- Trade Name
A trade name should be decided for a company that is supposed to be established.
It is important though that the trade name you decide to use is permitted or available. This can be checked with the free zone authority of your choice.
For example, twofour54 does not allow companies to use the words “Abu Dhabi” and/or “United Arab Emirates” in the name of the FZ LLC or branch.
- Type of Business Activity
The type of business license depends on the business activities that your company will operate. Therefore, before you can fully register your business, you need to know what your company’s business activity is and if your chosen free zone authority allows such activity.
- Get Pre-approvals, Register Your Business, and Get Your License
There are a few processes that composed this single step. Pre-approvals are simply those approvals that you need from concerned departments depending on what business activities your company needs to operate.
The initial approval that you get from the said departments will then be needed to register your business along with certain documents.
After this, the licensing and visa process will commence.
- Choose an office space
A businessman can choose either to buy or lease an office space in their chosen free zone. Free zone authorities require office spaces to be accommodating with the number of employees and type of business activity of a company.