The global media industry considers this free zone as their marketing haven as it permits foreign shareholders to own 100 per cent stake in the companies. Other incentives such as the exemption of corporate and personal income taxes.
Sourced through Scoop.it from: www.stalawfirm.com
Company Formation in Dubai Media City:
Dubai witnessed an up-thrust in its media industry in the wake of 2001 with the establishment of the Dubai Media City. This free zone was primarily intended to place Dubai on the map as a leading media hub. Dubai Media City houses numerous companies, both domestic and international, that deal in the media sector. Dubai media City also boasts dedicated infrastructure and customs facilities such as built in fiber cables that provide companies with a plug- and – play recourse. The relaxed visa and operational procedures have further acted as an excuse for investors dealing in advertising, communication media and marketing activities to prefer this free zone among others in the region.