16 May

Considering a free zone media business? Top reasons to take the leap

In today's rapidly evolving media landscape, launching any type of media business requires careful planning. However, by choosing to set up shop in a supportive hub for startups and SMEs, entrepreneurs aspiring to enter the media industry can access a wealth of benefits that provide them with a solid foundation for success.

In this article, we will delve into the numerous advantages of setting up and operating within a well-established free zone.

Five benefits of launching a media company in a supportive business hub

Launching a media business in a supportive business hub offers numerous benefits, including access to a nurturing ecosystem, specialised services for startups, simplified business processes, and more.

When looking at these benefits in more detail, it’s clear why launching a media business in an established free zone is a highly attractive choice for entrepreneurs in the industry.

1. Enjoy simplified business processes and a nurturing ecosystem

Operating within a free and/or economic zone simplifies the process of conducting business, as companies can benefit from simple and streamlined procedures. This includes easier access to required licenses, permits and registrations and the convenience of having all necessary government and administrative services under one roof. Furthermore, free zone businesses often enjoy tax incentives, which can help improve profitability.

A nurturing ecosystem provides a collaborative environment where companies can grow and thrive. These settings facilitate networking, mentorship, and access to resources such as talent and funding, enabling new media companies to stay competitive.

2. Navigate the accelerated growth of the media landscape

Startup hubs pave the way for entrepreneurs to continuously monitor and analyse the rapid changes within the industry, which allows businesses operating in these hubs to remain at the forefront of technological advancements and market trends. This understanding is crucial for media companies to stay relevant and responsive to consumer preferences, ultimately leading to more informed decision-making and better outcomes.

3. Adapt to emerging regulations, programmes, and services

Free and economic zones play a crucial role in shaping the regulatory landscape, working closely with industry stakeholders to develop policies and programmes that promote growth and innovation. These initiatives may include financial incentives, training programmes, and infrastructure development, which create a fertile environment for your business to flourish.

4. Explore the distinct requirements of rising media sectors

Free and economic zones recognise the distinct requirements of new and innovative segments, including those in media, such as film, television, digital media, gaming, and more. This targeted approach ensures that businesses receive specialised support and services tailored to their specific needs, enabling them to prosper in a competitive market.

Furthermore, free and economic zones offer various services tailored to different segments' unique needs. For media companies, these services may include different types of licenses, such as production or broadcasting licenses, and a variety of other facilities that can be used as studios, post-production units, and office spaces. Additionally, these business hubs host events, workshops, and training programmes that cater to the specific needs of different segments.

5. Foster growth for your media company

Free and economic zones collaborate with government agencies and service providers to ensure that new companies have access to the resources and support they need to grow. This can include assistance with obtaining permits, visas, and other regulatory requirements, as well as access to financing, training, and professional services.

Ras Al Khaimah Economic Zone (RAKEZ) media license – Bring your creative ideas to life

RAKEZ, a thriving hub for startups and SMEs, plays a crucial role in nurturing the creative sector by providing a conducive environment tailored to the unique requirements of each business.

As home to hundreds of media companies, RAKEZ has established itself as a premier destination for media professionals and organisations spanning 20 segments with multiple activities, such as advertising, animation, publishing and broadcasting.

Benefits of a RAKEZ media license include:

  • Cost-effective and wide-ranging media activities
  • Premium value-added packages for startups and SMEs
  • A simplified and fast-tracked company set-up process
  • A live, work, and play creative environment
  • First-class business support via a one-stop shop
  • Access to over 18,000 companies within the RAKEZ community
  • Eligibility for UAE residence visas for owners, partners, managers and employees

In-demand activities for media businesses

Animation: The UAE's growing demand for animation has created opportunities in entertainment, advertising, and education. Media businesses can benefit from creating high-quality content and collaborating with international studios.

Media and marketing services: As the digital landscape expands, UAE businesses require innovative marketing solutions. Media companies can offer tailored campaigns, creative content and cutting-edge marketing services.

Advertising and communication: In the competitive UAE market, media businesses can succeed by offering comprehensive advertising services, including traditional and digital methods, and analysing consumer behaviour.

Music and entertainment: The growing music and entertainment industry in the UAE presents opportunities for media businesses in live events, artist management, and local content creation.

Broadcasting and TV: Despite digital platforms' growth, television broadcasting remains of significance in the UAE. Media businesses can provide content creation, production and licensing services while collaborating with international networks.

Secure your RAKEZ media license today

The process of obtaining a media license through Ras Al Khaimah Economic Zone (RAKEZ) is simple and fast, enabling you to set up your media business in the UAE with ease. The process includes three easy steps and costs AED 16,500.

If you have any questions or require assistance, the RAKEZ team is always available to provide guidance and support. Do not hesitate to contact us for any inquiries or concerns regarding your media license. Call +971 72041111 or send an email to info@rakez.com.


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Last Updated on 12/29/2019 9:23:05 PM

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