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Dubai Production City (DPC)

A Quick sneak peek on Dubai Production City:

Dubai Production City (DPC) formerly known as “The International Media Production Zone or (IMPZ)” which was established in the year 2003 as a free zone and a freehold area and its developer is TELCOM Group which comprises both residential and commercial properties. A local hub for graphic art, global and local publishing, printing and packaging industries and media production as well.

It shelters the professionals all over the world and it covers the area about 43 million sq.ft approximately. One can say Dubai Production City is one of the most feasible and affordable areas to buy properties in Dubai.

 

Q) What are the types of properties one can look for in Dubai Production City?

ParticularsApartment typeRental amounts (Approximately) in AEDSale trends (Approximately) in AEDROI
Residential properties

Studio

        21,000.00

              274,000.00

7.40%

1 Bedroom

        32,000.00       512,000.006.30%

2 Bedrooms

        45,000.00        761,000.006.20%

3 Bedrooms

        61,000.00

              832,000.00

8.40%

 

Particulars Types
Commercial propertiesShops
Offices, sound stages, in 5 centres
Warehouses and Labour camps
 Boutique studios

 

Q) What surrounds Dubai Production City?

Popular BuildingsHotelsSuper marketsMosquesSchools
Lakeside towerGhaya Grand HotelCarrefour HypermarketJumaa MosqueGEMS United School
MidtownAloft Me’aisemW Mart SupermarketMasjid Jama Dubai British School
Lago VistaElement Me’aisemWest Zone Fresh SupermarketEmirates International School Meadows
Centrium towersOccidental Dubai Production CitySwiss MartKids Kingdom Nursery School
Crescent towers

 

Q) What are the types of licenses offered to set up the business in Dubai Production City?

S.noTypes of licenses offered to set up the business in Dubai Production City
1Press License
2General License
3Designer License

 

Q) What are the various corporate entities in Dubai Production City?

S.noBusiness TypeExplanation
1Free Zone Limited Liability Company (FZ-LLC)This is a company formed as an independent legal entity with its own shareholders. The minimum capital requirement for incorporation depends on the business activity.
2Branch of a Foreign/UAE CompanyA branch is considered a legally dependent part of its parent company, even if its place of business is not in the main company’s headquarters. (No minimum capital required).
3FreelancerThe Freelance permit offers the ability to operate as a freelance professional The permit identifies you as a sole practitioner It enables you to conduct your business in your birth name as opposed to a brand name.

 

Q) What are the activities allowed in Dubai Production City?

  • Marketing
  • Import and export
  • Support services
  • Digital and news paper printing
  • Commercial and Industrial printing
  • Online publishing and Electric content

 

Q) What is the process to set up a company in Dubai Production City?

S.noCompany Set up processDocuments required
1Identifying the legal form of companyForm for business registration
2Choosing an activity from Dubai Production City activity listDetails of all the shareholders and directors with their passport copies
3Submitting application for provisional approvalDrafted copy of Memorandum and Articles of Association
4Signing of Dubai Production City company registration and incorporation documentsBoard resolution
5Payment of feesProof of share capital
6Depositing capitalCertificate of Authorization for GSO
7Obtaining a license and certificate of registration

 

Q) How to renew a license in Dubai Production City?

S.noFor renewing the license
1Cost of Renewal is less expensive than that of cost of incorporation.
2Payment for renewal along with the signed lease agreement for the next year to be submitted.

Copy of valid occupation agreement under freelancer name if applicable.

No objection certificate to concerned authority if applicable.

 

Q) What is the process to liquidate a company in Dubai Production City?

S.noProcess to Liquidate
1Cancellation of the visas
2Termination of lease agreement
3Closure of the bank account
4Clearance from Customs in case the entity had a trading activity in the license

 

Q) What are the competitive advantages to setup a business in Dubai Production City?

S.noCompetitive advantages
1 Simple setting up process
2No personal income tax and corporate tax
3100% on foreign ownership.
4100% profits and capital repatriation.
5Holistic community offering a mix of residential, retail and commercial properties
6Home to the shopping and entertainment hub City Centre Me’aisem
7Dubai Production City offers pleasant ambience to its residents and visitors
8Luxurious apartments with a range of configurations and amenities

 

Why Spectrum Auditing?

Spectrum Auditing is an expert firm in the Company Formation and Company Liquidation process. Our passion and heart lie in serving the clients and we aim at the utmost client’s satisfaction. We are registered Auditors under the Ministry of Economy UAE and also registered Tax Agent from Federal Tax Agency UAE, Dubai providing dedicated Audit, Accounting, Tax services and various Business Advisory Services complying regulatory requirements.

Reach us to have a frills free life in your journey in Dubai, UAE. We at Spectrum will assist you in taking care of all the legal procedures involved in the registration and de-registration of your company in Dubai Production City. Call us today for any kind of assistance at +971 4 2699329 or email us at info@spectrumaccounts.com to get all your queries addressed. Spectrum is your partner in your success.

 

 

Article contributed by Aishwarya Parthasarathi, Intern.

Email info@spectrumaccounts.com to get all your queries replied.

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