What does DMC mean in INTERNATIONAL BUSINESS

Dubai Media City (DMC) is an information and communication technology business hub located in the Emirate of Dubai, United Arab Emirates. It is managed by the TECOM Group.

Businesses based in DMC include media production companies, advertising agencies and digital media firms, including various broadcast networks from around the world.

Companies that set up base at DMC enjoy tax free status for up to 50 years according to their licensing terms. Other incentives include access to international payment methods and English-language customer support options for international markets.

TECOM has established strict regulations governing activities within DMC including the use of appropriate licenses to facilitate businesses while ensuring compliance with local laws and regulations. These licenses must be renewed every three years by renewing residence visas or permanent residency permits on behalf of employees as required by UAE law.

As per UAE legislation, only foreign companies may set up shop within DMC. This means that all applicants for registration should have an existing company outside of the country as well as necessary documentation such as land/property documents from their home countries or visas from other institutions like embassies etc.