The UAE has rapidly emerged as a global media hub, offering a lucrative opportunity for entrepreneurs looking to establish news agencies. With its strategic location, conducive business environment, and growing demand for information, the UAE provides an ideal setting for media businesses to thrive. Examples of successful news agencies in the UAE include Al Jazeera Media Network and WAM (Emirates News Agency), which have established a strong presence in the country and expanded their operations internationally. These agencies have demonstrated the significant profitability and growth potential of the UAE news market.
The UAE’s multicultural population, strong media infrastructure, and government support for media innovation create a thriving environment for news agencies. By leveraging these advantages, entrepreneurs can capitalise on the growing demand for news and information in the region and achieve significant profitability.
In this growing media landscape, entrepreneurs can choose the following business activities under their license to set up their news agency business.
6391.00 – News agency activities
News agencies are essential intermediaries in the global information ecosystem. Their primary function is to gather, verify, and distribute news to media outlets, businesses, and individuals worldwide. Their core activity is news gathering through reports, correspondents, citizen journalists, and other networks. Another important component of their work is fact-checking and editing, along with news distribution through broadcast services, subscription services, and social media. From feature stories to data journalism, investigative journalism and breaking news coverage, news agencies have a plethora of styles they can undertake.
This business excludes the activities of independent photojournalists and the activities of independent journalists.
Third-party Approval: Third-party approval from MRO is required for business activity 6391.00
Filing of Economic Substance Return: Business activity 6391.00 is exempt from this requirement
Anti-Money Laundering Compliance: Business activity 6391.00 is exempt from this requirement
6391.01 – News syndicate and news agency activities furnishing news, pictures and features to the media
News syndication and news agency activities are closely related terms that describe the process of providing news content, photographs, and features to various media outlets. These activities are crucial for ensuring the timely and efficient dissemination of information to a wide audience.
News syndication involves the licensing or selling of news content, photographs, or features to multiple media outlets. This allows news organisations to distribute their content to a broader audience without the need to produce it themselves. Syndications are cost-effective, time-saving, and allow for a broad reach.
This business excludes the activities of independent photojournalists and the activities of independent journalists.
Third-party Approval: Third-party approval from the Ministry of Culture and Youth – Media Regulatory Office (MRO) is required for business activity 6391.01
Filing of Economic Substance Return: Business activity 6391.01 is exempt from this requirement
Anti-Money Laundering Compliance: Business activity 6391.01 is exempt from this requirement
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