5 Reasons Why Dubai Media City is the Best and Cost-effective Free zone in the UAE
The location has always been an important factor to consider for business owners and entrepreneurs who wish to set up company in Dubai. While free zones are strategically located in areas that are ideal for logistics and business transactions, each free zone caters to different specializations, and some locations are better suited for certain types of businesses. For example, Media City is a popular hub for businesses and organizations that offer media and technology-related products and services.
Dubai Media City offers the latest technology, high-speed data, and digital voice services at competitive rates. Hence, several entrepreneurs whose business focuses on online services choose Dubai Media City for UAE Free Zone company formation. Other reasons include:
Import and export duties do not apply to businesses located in the free zones. It helps promote international trade, as well as create opportunities for various foreign investors and entrepreneurs to grow their businesses. If you offer gadgets and other media-related products or services, you may opt to set up an office in premium locations such as Concord Tower Media City to get better access to talents and customers.
Establishing a business in free zones allows complete foreign ownership. It is one of the recently implemented laws which offered a huge benefit for foreign investors, regardless of their nationality, as they no longer need to find a UAE national sponsor to establish their business in the free zones.
Foreign investors who choose to establish their business in free zones like Media City are offered tax benefits. 100% tax exclusion, including income tax and corporate tax, is applicable for companies in free zones. This helps in lowering not only business setup in Dubai cost, but also the overhead expenses of the company or organization in general.
Serviced and furnished offices and workspaces are quite easy to find in Media City. No matter what products or services you offer, you may opt to rent a workspace in a business center tower Media City to give your business more visibility. This also helps lower your expenses since you don’t need to buy new equipment or pay extra for spaces that you won’t be using.
The process for acquiring a free zone license is straightforward. The process may differ depending on the nature of your business, but the steps to accomplish the requirements are easy to follow. If you are not familiar with legalities, there are several service providers that you can consult with and employ to help get the job done.
Whether you need a furnished office for your growing team or need guidance in setting up a new business in Dubai Media City, Austria Business Center offers a range of business solutions and offices for rent to meet all your business needs. You may also book serviced offices if you need a meeting room in Dubai to meet with clients or conduct interviews.