Jitendra business consultancy provides the total information regards international media production. The International Media Production Dubai Free Zone will be placed in an eco-friendly environment. International Media Production Zone (IMPZ) is first Dubai Free Zone in the region dedicated to media production. It offers a great pro-business environment and absolute technology and Public Shareholding Company in UAE and society infrastructure to support and cultivate the development of media production.
Dubai's International Media Production Zone is located on an area of over 43 million sq. ft. IMPZ search for create a bunch of media production companies, Whereas the infrastructure will support all regions of the media and entertainment trade, the first production group will focus on the publishing and printing industry. IMPZ seek to make an exclusive cluster environment for media production industry from across the value chain, and from across the world, to communicate and establish effectively. The IMPZ project is part of Dubai's revelation to develop itself into an international media hub. Truly, it will offer a pro-business background, sophisticated technology and society infrastructure to support and cultivate the development of media production.
The International Media Production Zone will come up on 35 million sq. feet of green field land beside Emirates road. It will be placed close to Global Village and International City. Dubai International Airport is a 20-minute drive from IMPZ. Emirates Road goes across the seven emirates, connecting each through a recent transportation network. It is ideally located close to Dubai's blooming financial system. The new housing clusters and free zone districts with Business yap. Also the surrounding area is the USD multi-billion tourism, residential, leisure and retail development of Dubai land with its flood of tourists and class visitors.
Basic investments on infrastructure only will greater Dh 400 million. The total amount will far exceed Dh 1 billion with the draft of new companies wishing to set up of businesses there. Various major printing and publishing companies in Dubai and UAE are projected to set up operations in free zone. Someday, keen areas for music, movies and distribution will be built, along with printing. Initial investments for a free zone license are Dh 500,000 for printing firms and Dh 300,000 for those in secondary companies. IMPZ has agreed to a basic investment of nearly US$ 280 million and it is expected that other US $ 280 million in machinery will invest the tenants in the printing and packaging business.
The IMPZ project is planned to bring large benefits to the industry, along with other free zones in Dubai, companies joining in IMPZ can benefit of 100 per cent foreign ownership and will be excused from almost all corporate and personal taxes including for the equipment, spares, machinery and raw materials utilized by the industry.