International Media Production Zone in Dubai
The International Media Production Zone (IMPZ) is a free zone situated in Dubai and it is dedicated to production companies. The IMPZ free zone is located near the Jumeriah Village South and the Government wants to transform it into an evolved copy of Dubai Media City. International Media Production Zone was launched in 2003 and provides numerous facilities for companies acting in the printing, publishing and packaging industries. Currently, the IMPZ free zone is hosting approximately 200 companies. Among the benefits foreign investors have when setting up a company in International Media and Production Zone are the housing facilities for employees.
How to set up a Company in IMPZ?
The first step to open a company in the International Media Production Zone is to select the suitable type of company. Foreign investors may choose among the following types of structures:
- Free zone limited liability companies (FZ-LLC)
- Branch offices
They may also operate as freelancers provided that they obtain a freelance permit.
The most employed type of company in IMPZ free zone is the free zone limited liability company as it provides a certain degree of independency with respect to the shareholding structure. The FZ-LCC may have a corporate person, a natural and a corporate person or a natural person as a shareholder. No matter whom the Dubai Company’s shareholder or shareholders are, they are required to submit the following documents:
- Copies after their passports
- A business plan
- Copies after the maNagers passports
- An application form for the license
Our specialists in company registration in Dubai will guide you through the incorporation procedure.
What activities may IMPZ companies undertake?
Even if limited to three industries, companies and freelancers operating in the International Media Production Zone may undertake the following activities:
- Import and export
- Support services
- Digital and newspaper printing
- Commercial and industrial printing
- Online publishing and electronic content
Depending on the type of activity conducted by the company there are different requirements with respect to license fees and share capital. In order to find out what these requirements are we invite you to contact our experts in Quantum Auditing.