International Media Production Zone

The International Media Production economic Zone (IMPZ) in Dubai is designed to ensure meeting the requirements in the field of media technologies. IMPZ Free Zone Business Park combines the numerous international and local companies which are involved in printing, publishing, creating and editing media production and graphic design.

International Media Production Zone: possibilities for international business

The following conditions for international business can be singled out among the main advantages of the IMPZ economic zone in Dubai:

possibility of 100% foreign ownership of the assets of the company;
exemption of companies from corporate taxation;
customs facilities for import and export of professional equipment, vehicles, components and raw materials;
loyal legislation and assistance of the state bodies of UAE on the issues of visa and license registration;
simplified procedure for the registration or incorporation of an international company.

Services for entrepreneurs and investors

The Dubai International Media Production Zone is a project which is entirely dedicated to the media industry and printing. The companies which are registered in the IMPZ jurisdiction can count on a favorable business surroundings and the maximal support from the government. The government of the Emirate has tried to provide the entire necessary industrial and technical infrastructure to involve highly qualified specialists and the development of the industry.

The entrepreneurs and investors are offered the following services:

Complex block: the structure of the complex includes two separate warehouses and showrooms. The proposed size of the premises is from 600 to 10 thousand square meters.

Office premises: modern premises which are equipped with the modern utilities and means of communication. All the offices are equipped with air conditioning systems and are supported with service units. The size of the office premises is from 100 to several thousand square meters.

Land plots for construction: the proposed land lots have the different area. The land lots are available under a long-term (30 years) lease.

Creating a business with International Media Production Zone in Dubai

You need to register the international company in UAE and to obtain the appropriate business license to carry out legal, in accordance with the current legislation, economic activity on the territory of the IMPZ Free Zone. The norms of the corporate law, which are applied to this jurisdiction, determine the following requirements and legal forms for international companies:

FZ LLC: an international company which is registered in the territory of the Free zone and presumes the limited liability of shareholders. Both private and legal entities can be as shareholders of such company.
representative offices or branches of local and foreign companies.

Requirements for the documentation which is submitted for registration:

all the documentation and copies of the documents should be properly prepared and attested;
in case of requirement, the registration authority of UAE may request the additional documentation at their discretion;
the submitted documentation is issued in English or Arabic. The official documents of other countries must be translated and attested.

State licensing and requirements to the share capital

Speaking about the state business licenses, it should be noted that they have their effect only on the territory of the economic zone. The license validity period is one year and the license is renewed annually. Besides, you need to get the legal address and to rent a separate office for the company in order to obtain a state license.

The state licenses are granted to companies which are involved in the following economic sectors:

printing press, the required equipment and related consumables;
publishing activity;
packaging of products, the required equipment and consumables;
license for provision of the professional services in the field of graphic design;
professional and technical industry support;
designing and storing products services;
general license (travel agencies, insurance, courier services, legal services and support, marketing, and etc.).

The requirements to the minimal size of the share capital of a registered company in International Media Production Zone in Dubai are directly dependent on the specific activity. The following types of activities can serve as an example:

printing: the share capital is from 500 thousand Dirhams;
publishing activity: the share capital is from 200 thousand Dirhams;
Professional services in the field of graphic design: the share capital is from 50 thousand Dirhams.

There are no requirements to the share capital of the representative offices and branches of already UAE operating local or foreign companies. Besides, the requirements to the share capital are not applied to the subsidiaries, which are registered in the jurisdiction of the economic zone.

Conclusion

The IMPZ project in UAE is implemented at the initiative of the Government of the Emirate and is the part of the national technological cluster and is designed to stimulate the development of the media technologies. It is a unique area in UAE, where the entrepreneurs and investors from all over the world can cooperate on beneficial terms. The development of the cluster and its future prospects are provided with the ideal social and technical infrastructure.

The simplified procedure of registration of the business and loyalty of public authorities to the foreign investors will save your time and will allow to choose the most optimal scheme for creating the international business. Use the contact us form to get more information about the features of the International Media Production Zone jurisdiction.