Establishing a company in the Dubai Production City Free Zone

شركة-في-المنطقة-الحرة-مدينة-الانتاج-بدبى

٠٣ يونيو Establishing a company in the Dubai Production City Free Zone

٠٣ يونيو POSTED AT
Arabic
itqanadmin

You can learn about establishing a company in the Dubai Production City Free Zone because the Dubai Production City Free Zone was established in 2003 by decision of the Dubai government. Dubai Production City is considered an incubator for institutions and companies working in the field of artistic, media and film production, the Internet and technology, and it is one of the areas. Al Hurra, affiliated with TECOM Group, is located close to Dubai Airport. It hosts more than 255 companies, and employs more than 6,000 employees from more than 85 different nationalities. The Dubai Production Free Zone Authority offers multiple investment packages for people to choose from that suit their budget on the one hand and their aspirations on the other. We will review many details about establishing a company in the Dubai Production City Free Zone .

Establishing a company in the Dubai Production City Free Zone

Dubai Production City Free Zone

Dubai Production City is one of the most prominent free zones in Dubai , which specializes in providing an ideal environment for media and creative companies. The city is located in a strategic location that enhances access to global markets and allows easy communication with other companies in the same field. The city provides advanced infrastructure that includes high-quality office facilities, specialized studios, and integrated logistics centers. Among its main advantages, Dubai Production City allows foreign investors to own 100% of companies without the need for a local partner, and provides tax exemptions on profits and income, which enhances investment attractiveness. Fast and efficient procedures for issuing licenses and submitting visas also facilitate the process of starting work. Thanks to its innovative and supportive environment, Dubai Production City is an ideal destination for companies seeking to grow and expand in the media and creative sector.

Steps to establish a company in the Dubai Production City Free Zone

Establishing a company in the Dubai Production City (DPC) Free Zone requires following a set of basic steps, which may vary slightly depending on the type of business and the type of company. The following are the basic steps for establishing a company in this free zone:

Choose a business activity (commercial, media, service, industrial, etc.).
Determine the legal entity (limited liability company, branch of a foreign company, representative office, etc.).
Choose a trade name that complies with the laws of the free zone and submit it for approval.
Review the documents submitted by the competent authorities and obtain initial approval.
Rent an office or work space in Dubai Production City. You can choose from shared or private offices.
After final approval, the company’s official business license is issued.
Opening a bank account for the company in one of the approved banks in the Emirates.
Applying for residence visas for employees, directors and shareholders.
Completing the final procedures and registering with the relevant government agencies, such as the Emirates Identity Authority.
After completing all procedures, the company can start carrying out authorized business activities.
Fill out the license application form and submit it to the free zone authority, along with submitting the required documents such as:

A copy of the passport for both shareholders and directors.
Personal Photos.
Proof of residence address.
Detailed business plan.
The company’s articles of incorporation and articles of association.

It is necessary to cooperate with the relevant authorities in Dubai Production City to ensure that all steps are completed correctly and in accordance with applicable laws and regulations.

Types of companies in the Dubai Production City Free Zone

Here is a table showing the types of companies that can be established in the Dubai Production City Free Zone:

Type of Company	the description
Limited Liability Company (FZ-LLC)	A company established in the free zone with limited capital, which can be owned by an individual or several shareholders.
A branch of a local company	A branch of a company registered in the United Arab Emirates that carries out activities in the name of the parent company.
Branch of a foreign company	A branch of a company registered outside the UAE, which carries out the same activities as the parent company within the free zone.
Representative office	An office established to represent a foreign company in the UAE, which is not directly involved in commercial activities, and works to promote the parent company.

The type of company should be chosen based on the requirements of the business and the desired organizational structure.

Advantages of establishing a company in the free zone

Establishing a company in the Dubai Production City (DPC) Free Zone offers many advantages to investors and entrepreneurs. The most prominent of these advantages are:

Full Foreign Ownership : Foreign investors are allowed to own 100% of the company without the need for a local partner.
Tax exemptions : Companies in Dubai Production City enjoy tax exemptions on profits and income, in addition to not imposing value-added tax on most transactions within the free zone.
Repatriation of all capital and profits : Companies have the right to repatriate all capital and profits outside the country without restrictions, which allows high financial flexibility.
Strategic location : Dubai Production City is located in a prime location that facilitates access to local and international markets, providing opportunities for business expansion.
Advanced infrastructure : The region provides advanced infrastructure that includes modern facilities and various office spaces, in addition to an advanced communications network.
Integrated Services : Dubai Production City provides integrated services to companies that include legal support, administrative services, and logistics services, making it easier for companies to focus on their core business.
Ease of obtaining licenses and permits : The procedures for obtaining licenses and permits in the free zone are quick and efficient, which reduces the time it takes to start a business.
Diverse business environment : The free zone hosts a variety of companies from different sectors, providing opportunities for cooperation and partnerships between companies.
Residence and visa facilities : The free zone provides facilities for issuing residence visas to investors, employees and their family members.
Media and Creative Community : Dubai Production City is known for its specialization in the fields of media and creativity, making it an ideal environment for media and creative companies wishing to work in a dynamic and supportive environment.

These advantages make Dubai Production City an attractive destination for investors and entrepreneurs looking to establish and develop their businesses in a competitive and flexible environment.

Types of Dubai Free Zone companies

How can you establish a company in the free zone?

Establishing a company in a free zone requires following structured steps to ensure compliance with all legal and administrative requirements. Below are the steps to establish a company in a free zone such as Dubai Production City:

Choosing a business activity : Determine the type of business activity you want to practice (commercial, industrial, service, etc.).
Choosing a free zone : Choose the free zone that suits your needs, such as Dubai Production City.
Determine the type of legal entity : Decide whether you will establish a limited liability company, a branch of a domestic or foreign company, or a representative office.
Collect the required documents :

A copy of the passport for both shareholders and directors.
Personal Photos.
Proof of residence address.
Detailed business plan.
Memorandum of Association and Articles of Association.

Choosing a trade name : Choose a name that complies with the laws of the free zone and submit it for approval.
Office Rental : Rent office space or an office in the free zone according to your company’s needs.
Document Review : Ensure you complete all required documents and obtain approval from the relevant authorities.
Receiving the license : After completing the procedures and approving all documents, the official commercial license is issued.
Opening a bank account : Open a commercial bank account in one of the approved banks in the UAE.
Submit a visa application : Apply for residency visas for investors and employees as needed.
Company registration : Complete registration with the relevant government authorities, such as the Emirates Identity Authority.
Carrying out activities : After completing all steps, you can begin practicing authorized business activities.
Filling out the license application form : Fill out the application form provided by the free zone.

It is recommended to seek the assistance of a legal advisor or consulting office such as Itqan Specialized Company to ensure your compliance with all legal procedures and requirements of the free zone.

In conclusion, establishing a company in the Dubai Production City Free Zone represents a strategic opportunity for investors and entrepreneurs seeking to enter into a thriving and supportive business environment. This free zone offers numerous benefits, including full foreign ownership, tax exemptions, and advanced infrastructure, making it an ideal destination for media and creative companies. By providing easy licensing procedures, flexibility in repatriating capital and profits, and a strategic location that facilitates access to global markets, Dubai Production City offers an ideal environment for expansion and growth. Following the organized steps to establish a company, while taking advantage of the services and support available, contributes to accelerating the process of starting a business and achieving sustainable success. Establishing your company in Dubai Production City is not only a step towards achieving your business goals, it is a long-term investment in an innovative and supportive work environment.

Frequently asked questions about establishing a company in the free zone

What are the tax advantages of establishing a company in Dubai Production City?

Companies in the free zone benefit from a tax exemption on profits and income, in addition to not imposing value-added tax on most transactions.

What documents are required to submit a license application?

Required documents include: a copy of the passport for both shareholders and directors, personal photographs, proof of residence address, business plan, and articles of association and articles of association.